p2 describe the different stakeholders who influence the purpose of two contrasting businesses

1025 words 5 pages
P2- Describe the different stakeholders who influence the purpose of two contrasting businesses.

A stakeholder is anyone with an interest in a business. Stakeholders are individuals, groups or organisations that are affected by the activity of the business. There are two different types of stakeholders; internal and external. Internal stakeholders are groups within the business e.g owner/workers and employees. External stakeholders are local and national communities and governments, these are groups outside of the business.
The key stakeholders in a business include customers, suppliers, employees, local and national communities and governments.

Customers want a business to produce high quality value for money products. Customers
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With out them, Tesco would be limited to the amount of pofit it could receive.

Oxfam is a voluntary ownership which means that each member is considered a trustee. Trustees influence the charity as its success would be limited with out them. Trustees often put money into the charity, hot to gain a profit for the charity. This allows Oxfam to expand and continue work around the world. Trustees often make important decisions that can improve the amount of money that is raised.

Local and national communities. The actions of business can have a dramatic effect on communites, for example, if a supermarket brought a vast amount of land the public may not be pleased by the noise pollution and changes. Community leaders, therefore, represent important interest groups.

Tesco-Local communities are interested in Tesco because of its effect on the area and what the superstore could bring to a community. An example of this is if a superstore offered 24 hour services then this may cause oise pollution for the community. The local community influences the success of Tesco by taking their custom to Tesco stores, they could easily take this elsewhere meaning Tesco loosing custom and profits.

Oxfam- The community are often interested by Oxfams work as they either want to buy good from