- Describe the different stakeholders who influence the purpose of these contrasting organisations.
TESCO PLC
In Tesco we can identify different stakeholders such as investors/shareholders (owners), customers, employees, suppliers and financiers.
Investors/shareholders are very important stakeholders in Tesco as they are the owners and will obviously want it to do well because otherwise they will not make a profit. Without investors/shareholders there wouldn’t be any funds, so Tesco would be able to carry on as a business. Also if Tesco isn’t making profit, the investors/shareholders will have to sell their shares and invest in other business that will give them profit; with this, Tesco’s shares could decrease and if they decrease a lot, Tesco could go bankrupt and this would be bad for everyone, customers, employees, suppliers and financiers.
The customers are also very important. Tesco like most businesses need their customers because they are the businesses income as the customers are the people who buy Tesco’s products. The customers are a bit like a pressure group because they apply pressure to Tesco to meet their needs. Meeting the customer’s needs can be things such as expanding their stores or giving more variety on certain products. Basically, a customer wants quality goods at a low cost. They would also want a variety of products to choose from and it is Tesco responsibility to provide them what they want otherwise if Tesco doesn’t respond to the customers’ needs in a positive way, Tesco might lose their customers and this will prejudice the business and the shareholders won’t be very happy with this.
The employees are the people who Tesco pays to provide service. Tesco need to provide their employees with good working conditions, reasonable hours and treat them fairly because otherwise the employee’s will not be happy at their job which could lead to them resigning. If Tesco employees start resigning for negative reasons then word could spread that Tesco have bad working conditions and that employees of Tesco are not treated fairly meaning Tesco may find it hard to find skilled staff.
Suppliers are important to Tesco because they supply Tesco with the goods to sell. The suppliers will want good money for the goods they supply to Tesco; this is the reason why suppliers will have an interest in Tesco because they will want their products to sell well. If particular products don’t sell well in the Tesco stores Tesco might decide that it is not beneficial to them to buy these items any more resulting in the suppliers not making any profits.
Financers such as are important because they lend money to Tesco to make there expansion of the business possible. By expanding the stores more interest in Tesco is created. By doing this, more customers will shop there when the expansion is completed meaning Tesco will make more profits.
Dagenham Park Leisure Centre
The local community will have a huge impact, because if there aren’t any individuals paying for using the facilities, there won’t be any profit for the business, so they have to provide good service and quality facilities so the community will be satisfied, the other reason why the local community is important is because the leisure centre was aimed for them, so if they don’t make use of it, the purpose of the organisation won’t be accomplished.
The employees are very important, because the management in Leisure Centre is vital. The employees will get paid to provide services of all types (laundries, dance teaching, personal trainers, managers, etc.). They also have to be provided will good working conditions, so they will be satisfied, otherwise they will resign and it will prejudice the Leisure Centre as there won’t be anyone to provide services to the community.
Barking & Dagenham council is a very important stakeholder, as they are part of the government they are funding the Leisure Centre and they will want that the Leisure Centre makes good profit and provides good service for the community. If it is the other way around, the Council might reduce facilities or even close the Leisure Centre due to the costs and if it happens it will affect the community as they will lose the facilities the Leisure Centre was providing and will also affect the employees as they will lose their jobs and become unemployed .
Suppliers are important to the Leisure Centre because they supply the Leisure Centre with the goods for the restaurant and not only. The suppliers will want good money for the goods they supply; this is the reason why suppliers will have an interest in Leisure Centre because they will want their products to sell well, so they can keep selling their products to the Leisure Centre. If particular products don’t sell well, Leisure Centre might decide that it is not beneficial to them to buy these items any more resulting in the suppliers not making any profits.
Trade unions might have an impact of a Leisure Centre. Many employees in the public sector belong to Trade Unions, so if the Government tries to fire an employee that belongs to a Trade Union, the Trade Union might get involved and it might even go to court, this can influence that the Government keeps their employees for longer.
