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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)
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