How does stakeholders influence tesco

It provides jobs and links with local businesses and suppliers. Tesco runs a Community Champion scheme across all its stores and works with hundreds of charities and local community organisations. Each UK store holds a community budget to help support with requests for local fundraising events.

Its agency, N20, organises charity and food collections. Local charities or schools can request a booking at its local Tesco store to hold collections. Tesco have a policy to support the projects and organisations that matter locally. Therefore, they have set up community grant programmes in the UK, Republic of Ireland and Central Europe that allow customers to choose which local projects Tesco supports financially.

These activities for Tesco improve its corporate image. However, there can also be some negative impacts on the local community for example there can be increased traffic congestion and also increased noise pollution from delivery lorries which could potentially decrease the value of housing. Trade unions influence Tesco as they represent the interest of workers in Tesco. Their two main functions are to represent their members and to negotiate with Tesco employers therefore; they have a big influence on the business.

They support and represent employees with the aim of achieving job security, the best working conditions and pay deals for its members. The trade unions also protect employees against unfair dismissal and other issues relating to employment legislation. They attend grievance and disciplinary hearings in support of their members. However, in most cases Tesco and the trade union representatives have a constructive relationship.

It is important that good employee relations exist in Tesco to ensure high employee morale and motivation and avoid industrial action or employees taking tribunal cases for discrimination, equal pay or unfair dismissal.

The British Red Cross unlike Tesco is a not for profit organisation. However, similar to Tesco the British Red Cross also has internal and external stakeholders. A board of trustees governs the British Red Cross. The board is made up of seven elected members chosen from is volunteer base and up to six co-opted members appointed by the board which include the roles of chair and treasurer.

Their role is to ensure that The British Red Cross is effective in working towards achieving its vision, using its resources to maximum effect and upholding its ethos and values.

They set the overall strategy for the organisation and therefore are highly influential in determining how the organisation operates. Employees are key stakeholders in the British Red Cross and are vital to the organisation achieving its aims.

The organisation has a number of executive leadership teams, which lead the day-to-day management of its employees and volunteers. The teams also report to the board of trustees. The People and Learning Director is responsible for manage human resources, volunteering, leadership development, organisational development and change management.

The Finance Director manages finance, property, planning, strategic change and legal issues. The Chief information Director is responsible for technology, digital and data. They ensure that the internal systems support staff and volunteers, that the web platforms and applications provide the information that people need and that the data that the Red Cross holds is safe and secure. The Communications and Advocacy Director is responsible for marketing the organisation strategically as well as using evidence to advocate on behalf of those in crisis.

This role is crucial in helping to sustain and grow the organisation and achieving the main objectives of the organisation, which are saving lives, helping those in crisis in their community, helping those forced to flee in search of sanctuary and helping in times of international emergency.

The Red Cross is dependent on volunteers to achieve its aims and objectives and therefore they are a key stakeholder in the organisation. The Red Cross seeks volunteers in a wide range of roles. Mobility aids volunteer: delivering wheelchairs and other equipment, taking requests for wheelchairs from members of the public, cleaning and maintaining the stock. Emergency response volunteers help in an emergency such as a transport incident, evacuation, flood or fire.

An emergency response volunteer provides support to the emergency services at a rest centre, or providing first aid or transport assistance during severe weather. Community reserve volunteer: helps in the community in case there is ever a big local crisis — such as widespread flooding or a large fire. A reserve volunteer helps with practical tasks such as preparing kit and equipment, filling sandbags, sorting supplies and making refreshments.

Charity shop volunteers: serves customers, sorts donated items, and creates displays. First aid volunteers train in advanced first aid. They help at any occasion across the UK, from a community event to large-scale events such as rock concerts or Papal visits. In this survey, customers are asked about their recent experience whilst shopping at Tesco, this is a good way of communicating with customers as the company gets to know their views and opinions on the business.

Suppliers have a huge influence on Tesco, this is because if Tesco does not get supplies from the supplier, their aims and objectives of the business will not be achieved. That is why it is important for Tesco to build a strong relationship with its suppliers, so they can provide them with products and services of good quality to make their business more successful.

I'm Piter! Would you like to get a custom essay? How about receiving a customized one? I will be discussing and evaluating the influence different stakeholders of Tesco have on the business. The government have a variety of reasons to be interested in Tesco Plc, and some of them are: —.

Inland revenue collects income tax from Tesco Plc. These government agencies are particularly interested in the financial affairs of Boots Plc. Regional offices collect a wide range of information on business, on behalf of the government and are also run by the government. Tesco Plc is expected by the government to provide the goods and services that the economy needs and also to provide employment.

Government expect from Tesco Plc goods to and services to be sufficient and of sufficient quality, to allow the country to trade with the rest of the world and the economy to grow. Government also expect from Tesco Plc to provide employment, which is fair, safe and fairly paid.

Employees provide the government with income through taxation. The bank therefore will not need any information on the business and their financial position and how much profit they have earned or much profit they have lost. Tesco Plc must have good relation with their suppliers for preventing conflicts between them. They want to supply a business which are reliable and which have a stable income in the business so that they can assure that they will be paid on time.

Customers play an important part in the Tesco Plc, as they are Boots Plc main concerns. It also shows that they are willingly fulfilling customers need and expectations.

These include: —. Employees are essential to Tesco Plc because without the employees they would have no business to run. Part-time or full-time employees are important stakeholders for Tesco Plc. Because they are involved with Tesco Plc very closely, there are likely to have strong influence on how to run the business.

Expectations of employees are likely to include the following: —. Job security Rewarding the quality of their work Opportunities for promotion and a career structure. Owners of Tesco Plc have other interests like international investment because the trade fairly and try to avoid environmental damage. Owners of Tesco Plc are likely to be interested in the success of Tesco. Like any other single group their influence is ultimately is greater then them Owners of Tesco Plc have hopes and ambition for the business which has lead the to put their own money into it.

This shows us that the owners of Tesco Plc are very motivated to see the business succeed. Managers expectations are the following: —.

Reputation is vital so the managers want to have a good reputation for being successful locally and nationally. Managers of Tescos Plc are responsible for the efficiency of running the business. Manager of Tesco Plc has the power to be innovative. The managers can also be responsible for the failure or the success of Tesco s Plc than the owners.

It is important that the owners are appointed with care and are properly rewarded for their management abilities. This is why senior managers can attract very high salaries, for their management skills.

Public limited companies are able to offer their shares to the general public, often through the stock exchange. It is the share prices of these companies that are displayed in the daily press. Most of the large companies like Tescos and Iceland are both public limited companies. Most Companies today start up as private limited companies and then go on to something bigger and end up being a public limited company.

Manchester took this route and eventually became a PLC. A minimum of 50, in share capital is required before a company can go public, through most they can have considerably more than this.

Tesco is a plc. A plc as I said above has a share capital of 50,, which can be issued for sale to the public but must have a plc at its name.