p2 describe the different stakeholders who influence the...

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†¦show more content†¦The staff/employees of Oxfam influence the charity greatly and are the main reason as to why the charity is successful. They provide the friendly customer service to those who decide to shop at the Oxfam stores. Staff usually do work for free so this allows Oxfam to spend more on developing third world countries, again this has an impressive influence. Suppliers want steady orders and prompt payment, they also want to feel valued by the company that they supply. Suppliers are interested in supplying Tesco with goods because of the business they get from them and the profit that they receive. They influence Tesco because if the suppliers go out of business then Tesco will have to find new suppliers that may not offer the same high standards as the previous supplier. Suppliers/donators influence Oxfam greatly. Without the public supplying Oxfam shops with goods to sell, the shops would fail and would not be able to raise money to support the charities work for third world countries. This may be a sole trader or partnership. In a company it would be the shareholders. A charity would be considered to be owned by trustees owners often have a great influence on the business and are considered important stakeholders because they might have put a good part of their life into setting up a business. Owners like to see the success of profit making and the growth of the business.Show MoreRelatedP2- Describe the Different Stakeholders Who Influence the Purpose of Two Contrasting Businesses2892 Words   |  12 PagesP2- Describe the different stakeholders who influence the purpose of two contrasting businesses In this task I will be describing eight different stakeholders which are; customers, employees, suppliers, owners, trade unions, employer associations, local and national communities and the government. I will be stating what they are, who they are, why they useful, how they influence stake holders on organisation and why they are useful to business I have chosen which is Tesco and The British Heart FoundationRead MoreBtec Level 3 Diploma Unit 1: the Business Environment2118 Words   |  9 Pages|Business Environment | | |The purpose of this assignment is to: | |Allow you to demonstrate your understanding of a range of business organisations and the factors which impact the operations of these businesses in| |the contemporary world. Read More2014 15 Assignment4484 Words   |  18 Pagesis able to: Task no. Page numbers P1 Describe the types of business, purpose and ownership of two contrasting businesses A1 / T1 p.4 – p.10 P2 Describe the different stakeholders who influence the purpose of 2 contrasting organisations A1 / T2 p.10 – p.12 P3 Describe how two businesses are organised A2 p.13 – p.16 P4 Explain how their style of organisation helps them fulfil their purpose A2 p.17 – p.24 P5 Describe the influence of two contrasting economic environments on business activitiesRead Morep2, stakeholders1019 Words   |  5 Pagesï » ¿P2: Describe the different stakeholders who influence the purpose of two contrasting businesses. What are stake-holders? Stake-holders are any individuals, organizations and companies’s interested in the business section and are affected by the business activities. Internal stake-holders are groups within the business; On the other hand, External stake-holders are those outside the business, for example, the community. Internal stake-holders consist of: Owners: Interested in making profitRead MoreTypes Of Business, Purpose And Ownership Of Two Contrasting Business2226 Words   |  9 PagesP1:Describe the type of business, purpose and ownership of two contrasting business Coca cola Coca Cola is a soft fizzy drink sold in every store throughout the world. It is produced by The Coca Cola Company of Atlanta in Georgia, and is often called as Coke. Purpose:- The purpose of coca cola is to design develop and advertise soft drinks the customers can enjoy, and also make profit from selling of soft drinks. Ownership:-The history of coca cola begin In 1892, Candler set out toRead MoreStakeholders3199 Words   |  13 Pagesï » ¿P2 describe the different stakeholders who influence the purpose of two contrasting businesses In this task I am going to be writing a business report regarding Carlsberg and Capital Foods showing the different types of stakeholders, which include within the two organisations. It will show how the stakeholders influence within the two businesses, and how they set their own objectives towards the companies. CARLSBERG Customers Customers are the people who buy the products and sell them, orRead MoreDescribe the different stakeholders who influence the purpose of two contrasting businesses3460 Words   |  14 Pages P2- Describe the different stakeholders who influence the purpose of two contrasting businesses P3- Describe how each business is organised Key stakeholders in Make A Wish Make a wish get a lot of supports from companies each year to help make wishes come true some of the companies are: Flight centre limited raise enough money to grant 25 magical wishes to come true. Some of the wishes cost thousands of pounds to make come true especially ifRead MoreData Analysis And Interpretation On The Cross Sector Between Corporate And Non Corporate Entities10245 Words   |  41 Pages [Type the document title] [Type the document subtitle] [Pick the date] [Type the company name] pc â€Æ' Table of Contents 1 Chapter 1: Introduction 3 1.1 Background to Study 3 1.2 Purpose of the Research 4 1.3 Research Aims and Objectives 5 1.4 Research Questions 5 1.5 Research Hypothesis 5 2 Chapter 2: Data Analysis and Interpretation 6 2.1 Quantitative Analysis 6 2.1.1 Shareholders’ Collaboration 6 2.1.2 Barriers to Shareholders’ Collaboration 8 2.1.3 Supply Chain collaboration 11 2.2 ComparisonRead MoreTop 1 Cause for Project Failure65023 Words   |  261 Pagesfailure that Mathew can think of (they are not in any kind of order): #1. Lacking Sponsor s Involvement/Ownership #2. Halo Effect (Wrong Man for the Job) #3. Poor HR Management #4. Poor/Inadequate Project Communications #5. Ignoring Project Stakeholders #6. Absence of Risk Management #7. Scope Creep/Unrealistic Expectations ( scope creep: Frequent and uncontrolled changes in the scope or requirements of a project) #8. Lack of Monitoring of Plan #9. Absence of a Project Management Methodology Read MoreEdexcel Igcse Economics Answer49663 Words   |  199 Pagesare interested. (c) eBay is an online auction site. As with all auctions, goods are sold to the highest bidder. The prices of goods sold on eBay are usually equivalent to the highest bid made in the time period allowed. (d) The market system has two main functions. One is to determine the prices of goods and the other is to allocate the resources in an economy. Therefore B is the correct answer.  © Pearson Education Ltd 2010 1 Answers: Section A: The Market System (e) In any market,