Unit 1 exploring business
Task 1 part 3
p.2/m.1/d.1
TESCO’S STAKEHOLDERS
External stakeholders
Government
The government is an external stakeholder in the PLC at Tesco, since it is involved in the
amount of benefit and revenue made on the market. This will allow the government to
determine whether a company will pay more or less tax, both depending on how much the
corporation earns profit and income. The government would have the ability to bill them for
revenue that will provide more income for the government when they collect it, as the
company makes huge profit and sales. Because of its prospects for jobs the government is
still involved in Tesco. Tesco has a partnership that is free and clear to HM Revenue &
Customs and other tax authorities. They have taken a constructive approach to work with
tax officials and collaborate with them.
Suppliers
I can speak to the next stakeholder about providers that are now external stakeholders.
Suppliers are people who provide the company with products or services. The central
philosophy of Tesco is to deal with people when they want to be handled and this applies
firmly to their relationships with suppliers. Tesco is aiming to be closely related to its
manufacturers so they would like to sell their entire supply on stock as necessary. Suppliers
will determine whether premiums for orders that will clearly impact Tesco's earnings will
increase. Furthermore, the reliability of suppliers may influence output. If the product
completed cannot be delivered in schedule for the buyers, it will not be ready. Suppliers are
just as vital as any other stakeholder, because they give Tesco the whole product to sell,
make a profit, and run the company. At all stages, Tesco has established close long-standing
relationships with suppliers.
Customers
Tesco's clients, they are external partners, are another player. The consumers want to buy
goods and services that are of most concern to them. The consumer deserves equal
treatment and the option of a range of goods and services. Customers are demanding
cheaper prices to purchase local and national retailers such as Tesco, which will also
stimulate rivalry between others and will draw customers and buy from every shop at the
lowest price of a specific good. The consumers benefit the company by paying employee
salaries and thus giving it an opportunity to put more goods on the market.
Local community: Tesco will profit from more product inventories in shops. A collective of
people interacting with their environment is the neighbourhood society. A traditional local
, group consists of business owners, city employees and locals. They can share expertise and
knowledge and create commercial partnerships between local enterprises and customers as
part of their experiences. Tesco's activities would impact the communities surrounding
Tesco, and Tesco's key interest in the local community is to return them to the environment,
such as employment for people in the community.
Internal stakeholders
Employees: The next stakeholder I'm going to write about is staff that's internal. The staff
are involved in the company because the company offers the staff a career and opportunity
for the group to obtain salary and work experience from the company. Staff will deserve to
get promotions and a safe workplace. Staff influence the organisation by delivering a service
to clients that gives Tesco a prestige and that helps the workforce to become more
recognised in the society. The company is supported by staff. An employee is an employer
working to do a particular task. Workers and any other stakeholder are important because
they first meet consumers, because whether customers have questions about the company
or about the product they will educate them and the workers will also advise clients who
can bring in more customers. They are also good because they have first contact. Via their
efficiencies and productivity in the work, roles and tasks, employees will affect the
performance of Tesco every day. One of the factors that Tesco has been influencing Tesco's
staff as its stakeholder control is its most respected resource, its promotion of a non-
discriminatory working atmosphere and its strong involvement of workers in important
decisions.
Shareholders: My last stakeholder is shareholders who are Tesco's internal stakeholders.
Anyone who owns stock of a company is a shareholder. In several cases, shareholders may
have a direct effect on a business, as they have the right to vote on major decisions in the
enterprise. For example, shareholders vote on Tesco Board members' elections.
Shareholders generally have a right to vote on a decision if Tesco executives intend to divide
up the company's shares or spin out a single business entity. Tesco also has an annual
meeting to express questions and input from shareholders. Activist owners, who own
substantial stocks of the corporation, may also openly express grievances to persuade the
decisions of the company. The owners are keen to make a return, so that the benefit they
get will be invested in innovative ideas and resources that can benefit the local economy
and loyal consumers.
How and why Tesco succeed
Thanks to its strong brand, Tesco was especially popular. The strength of his brand and
customer loyalty can be attributed to Tesco's growth. Tesco's continuing pledge to good
value and competitive costs makes it very clear that its consumers are the main priority.
Your client concentration has driven very loyal clients to contribute to Tesco's product and
service diversification. The group has supported its brand equity and partnerships in
expanding and creating new industries and markets, for instance in 2009 into a new banking
industry. Tesco has since played a strong role in public affairs and adopted a local focus in
promotion and advertisement to ensure its profile in the consumer catchment areas of the
Task 1 part 3
p.2/m.1/d.1
TESCO’S STAKEHOLDERS
External stakeholders
Government
The government is an external stakeholder in the PLC at Tesco, since it is involved in the
amount of benefit and revenue made on the market. This will allow the government to
determine whether a company will pay more or less tax, both depending on how much the
corporation earns profit and income. The government would have the ability to bill them for
revenue that will provide more income for the government when they collect it, as the
company makes huge profit and sales. Because of its prospects for jobs the government is
still involved in Tesco. Tesco has a partnership that is free and clear to HM Revenue &
Customs and other tax authorities. They have taken a constructive approach to work with
tax officials and collaborate with them.
Suppliers
I can speak to the next stakeholder about providers that are now external stakeholders.
Suppliers are people who provide the company with products or services. The central
philosophy of Tesco is to deal with people when they want to be handled and this applies
firmly to their relationships with suppliers. Tesco is aiming to be closely related to its
manufacturers so they would like to sell their entire supply on stock as necessary. Suppliers
will determine whether premiums for orders that will clearly impact Tesco's earnings will
increase. Furthermore, the reliability of suppliers may influence output. If the product
completed cannot be delivered in schedule for the buyers, it will not be ready. Suppliers are
just as vital as any other stakeholder, because they give Tesco the whole product to sell,
make a profit, and run the company. At all stages, Tesco has established close long-standing
relationships with suppliers.
Customers
Tesco's clients, they are external partners, are another player. The consumers want to buy
goods and services that are of most concern to them. The consumer deserves equal
treatment and the option of a range of goods and services. Customers are demanding
cheaper prices to purchase local and national retailers such as Tesco, which will also
stimulate rivalry between others and will draw customers and buy from every shop at the
lowest price of a specific good. The consumers benefit the company by paying employee
salaries and thus giving it an opportunity to put more goods on the market.
Local community: Tesco will profit from more product inventories in shops. A collective of
people interacting with their environment is the neighbourhood society. A traditional local
, group consists of business owners, city employees and locals. They can share expertise and
knowledge and create commercial partnerships between local enterprises and customers as
part of their experiences. Tesco's activities would impact the communities surrounding
Tesco, and Tesco's key interest in the local community is to return them to the environment,
such as employment for people in the community.
Internal stakeholders
Employees: The next stakeholder I'm going to write about is staff that's internal. The staff
are involved in the company because the company offers the staff a career and opportunity
for the group to obtain salary and work experience from the company. Staff will deserve to
get promotions and a safe workplace. Staff influence the organisation by delivering a service
to clients that gives Tesco a prestige and that helps the workforce to become more
recognised in the society. The company is supported by staff. An employee is an employer
working to do a particular task. Workers and any other stakeholder are important because
they first meet consumers, because whether customers have questions about the company
or about the product they will educate them and the workers will also advise clients who
can bring in more customers. They are also good because they have first contact. Via their
efficiencies and productivity in the work, roles and tasks, employees will affect the
performance of Tesco every day. One of the factors that Tesco has been influencing Tesco's
staff as its stakeholder control is its most respected resource, its promotion of a non-
discriminatory working atmosphere and its strong involvement of workers in important
decisions.
Shareholders: My last stakeholder is shareholders who are Tesco's internal stakeholders.
Anyone who owns stock of a company is a shareholder. In several cases, shareholders may
have a direct effect on a business, as they have the right to vote on major decisions in the
enterprise. For example, shareholders vote on Tesco Board members' elections.
Shareholders generally have a right to vote on a decision if Tesco executives intend to divide
up the company's shares or spin out a single business entity. Tesco also has an annual
meeting to express questions and input from shareholders. Activist owners, who own
substantial stocks of the corporation, may also openly express grievances to persuade the
decisions of the company. The owners are keen to make a return, so that the benefit they
get will be invested in innovative ideas and resources that can benefit the local economy
and loyal consumers.
How and why Tesco succeed
Thanks to its strong brand, Tesco was especially popular. The strength of his brand and
customer loyalty can be attributed to Tesco's growth. Tesco's continuing pledge to good
value and competitive costs makes it very clear that its consumers are the main priority.
Your client concentration has driven very loyal clients to contribute to Tesco's product and
service diversification. The group has supported its brand equity and partnerships in
expanding and creating new industries and markets, for instance in 2009 into a new banking
industry. Tesco has since played a strong role in public affairs and adopted a local focus in
promotion and advertisement to ensure its profile in the consumer catchment areas of the
