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

1028 Words Sep 27th, 2013 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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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.
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