Business Environment: D1

Give your judgement about the influence each stakeholder group has on ONE of your chosen organisations.

Introduction:

Define the term stakeholders and give brief overview of the business’ current performance – new developments, sales figures for example.

For each stakeholder you covered in the merit

   How successful is the stakeholder group in getting what they want – what has the business done in response to the pressure – can you find any evidence?

Explain any issues where the stakeholder does not get what they want. Add evidence.

Stakeholder group: Customers.

Have the actions of customers (or ex customers) forced Tesco to change the way it operates?

Click on the picture:

What's behind of the rise of discount supermarkets Aldi and Lidl?

Details here.

Tesco boss: We can compete with Aldi and Lidl.

Details here.

Tesco have introduced their own discount chain called Jack's.

Click on the picture:

What influence might a local community have?

Click on the picture:

What influence may suppliers have?

Click on the picture:

What influence may shareholders have?

Click on the headline:

What influence may staff have?

Click on the picture:

You could also think about the government.

Conclusion:

Explain that there is always a conflict of interest between what different stakeholders want from the business.

The business cannot satisfy all stakeholders so must make a choice of which ones to focus on.

For your business; which stakeholder is the most important and why? 

Which stakeholder groups can have the most influence on the way the organisation operates and its aims?

Show evidence of your research. Have references of the websites you visited at the end of the document.