Hnd Business Enviroment Level 5 Essay

|4 business organisations and their |Purpose |Profit free, not for profit, at |Size and scale |Linking the ownership to the size and |

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 Foundation.

Stakeholders are people that have an interest in the success of business and play a role in the survival of that business. They tend to submit monthly amounts of money

The illustration shows the typical stakeholders of an organization. The stakeholders are divided in internal and external stakeholders. This executive report will address the external stakeholder’s financial and operational strengths. (1)

The key stakeholders in a business include customers, suppliers, employees, local and national communities and governments.

Ethics are concerned with the fundamental concepts and principles of decent human conduct; which is having a sense of what is right and wrong. Utilitarianism

The Core values and visions of the company are based on the customer satisfaction which plays a very important role in the company progress. The mission of the company is to deliver high technology promise to its customer service.

Stakeholders are individuals or groups that partake, or assert, possession, privileges, or benefits in a, organization and its accomplishments, previously currently, and in the upcoming (Barrett, 2001). These requested privileges or benefits are the result of communications with, or activities reserved by the organization, and they must be lawful or ethical, separate or combined Stakeholders with comparable benefits, entitlements, or privileges can be categorized as fitting into the similar collection: personnel, investors, and clients (Barrett, 2001). The better the impact these groups have on client’s lives and the extra community assets with which they are assigned, and it becomes vital that they are responsible (Barrett, 2001).

Stakeholders plays a significant role in today’s organization. “Stakeholders include any person, group or organization that has an interest in the activities and affairs of a company.” (Kokemuller, 2016) Stakeholders can also include people inside and outside of the organization. Some example of stakeholders includes employees, customers and suppliers. An external stakeholder such as the organization’s employees plays a significant role in customer value proposition. It is very important that for the organization to care for their employees as much as they care for their customers. Additionally, showing commitment to employee’s needs/want is also just as important as showing commitment to customers. “The notion is that if you take care of your

P5 - Describe how John Lewis would be influenced by economic factors in a time of economic recession and economic growth in the UK economy

using their own core competencies to turn the airline around. By applying their own strategies,

Stakeholders are anyone who has a interest or influences the business in anyway. There are two

“Stakeholders (or interest groups) are tangible, visible and approachable groups or institutions which have a direct influence on the functioning of an organisation.”

The new group will combine the two companies in the UK and Spain and will enhance their presence in the international long haul markets while retaining the individual brands and current positions of each airline. British Airways and Iberia hope their new company International Airlines Group, International Airlines Group, will position the pair for further consolidation in the global airline sector as it emerges from a prolonged industry downturn and hope to compete with multinational rivals Air-France-KLM and Lufthansa.

In this part of the report I will explain the different type of market structures I will give advantages and disadvantages for all and how they have direct relationship with pricing and output decisions.