Class notes
Need help?
- Course
- Institution
This document will be providing you as much help as needed in the course that you are doing. It has essay like paragraphs and I hope it helps you to get the grade you want.
[Show more]
Seller
Follow
carolinaferreiracarvalho384
Content preview
Name: Carolina Ferreira P2 Unit 1P2 Explain how two contrasting businesses are influenced by stakeholders.
1 Introduction
A stakeholder could be an individual, a group/organisation who can be directly or indirectly involved
with the business or a project. Stakeholders influence business in their decision-making process, or
in their aims and goals. They can also influence a business in their sales, costs and even on their
profit.
2 Findings
Internal (Managers, employees, owners)
An internal stakeholder is a company’s managers, board of directors and its employees. A manager
handles controlling a group of employees. A manager is also someone that are the bosses, and they
also are the decision makers. In Tesco’s managers handle overseeing customers and their respective
colleagues, they also deal with customer requests. They also make sure that every order that Tesco
does always stays up to date. They can influence the success by continuing to follow their orders and
by always helping their customers in whatever they need. In Cranford managers handle keeping sure
that the students are kept safe and that the students are doing what they are supposed to do. They
can influence success when students do what they are supposed to, it reflects to Cranford, and it
shows to everyone that the student’s success reflects in Cranford’s success.
An employee is someone that works for an organisation and is also paid by the same organisation to
keep working for them. An employee is also someone that receives orders form a manager and is
dedicated to do what their managers tell them, an employee reports to their managers. An
employee is also someone who is employed for a wage or a salary, particularly at a low level in that
company. In Tesco, an employee handles what their manager tells them to do. They can influence
the success by having done their respective jobs that their managers have given them so that
everything in the stores can be ready for the customers. In Cranford employee handle their
responsibility to tutor the students and give them the best education. They can influence success by
tutoring the students and giving them the best education, they can have students wanting to go to
the best of the universities that there is, for example, Oxford and Cambridge. By the students going
to university the parents of those students will most likely talk about Cranford to other people with
children so it is more likely that Cranford would get more students and parents coming to this
school.
An owner is someone that owns something, for example, a business, a school. An owner is also
someone that owns and runs an enterprise for profit. In Tesco’s owner handles losing their profit,
this will happen if Tesco does not listen to their customers and will not provide their customers with
their needs. This will also happen if Tesco doesn’t meet the demands of their stakeholders, then
Tesco won’t be successful. They can influence the success by always following the rules that they
have made and by always doing what their customers need and want so that they can keep making
profit. In Cranford, the owner is the government, and they are responsible for always providing the
schools with the right supplies so that the school can tutor their students and that the students can
have good grades. They can influence success by funding the school, the school can then give the
students their equipment and this helps the students to have good grades and to go either to higher
education or straight into employment.
External - (Suppliers, Competitors, Creditors, Customers, Government agencies, and departments,
Communities, Pressure groups)
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller carolinaferreiracarvalho384. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.67. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
50843 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now