Waitrose Stakeholders

The suppliers of Tesco PLC are interested in the level of customers. As the suppliers will be able to sell more stock such as food to cover the number of customers at Tesco PLC. Therefore, there will be more awareness for the supplier so more work can come to the suppliers. Meaning that the supplier will earn more revenue from being more well-known due to supplying stock to a business as big as Tesco PLC. The suppliers would also be interested in maintaining relationships with Tesco PLC and to have the best interest deal. And finally, to be paid on time so then the suppliers will trust Tesco PLC on future orders.

The first stakeholder I am going to evaluate is customers which are external stakeholders. Customers contribute to profit levels and turnover through buying products and services. People are stakeholders in a company for financial reasons, customers do not want to have to spend an excessive amount of money to purchase a product, so if the product is cheaper in one store, such as Tesco, than in another store then customers will buy the cheaper one which then attracts more customers.

Morrisons Logistics manager will also have to ensure that they have the products in stock when they need it so they don’t run out of the products and this way they can replenish the stock before its completely finished because when stock is finished even for a small time it means that customers aren’t happy and result in moving to other brands which are Morrisons competitors.

In this assignment, I will be talking about what stakeholders mean and the different components of the key stakeholders based on two organisations: Debenhams and Water Aid. A stakeholder is when a person shows a keen interest in the activities of a business, directly or indirectly.

The

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

The UK supermarket industry resembles an oligopolistic industry, with several characteristics. Oligopolistic markets tend to be characterised by high concentration ratios, barriers to entry and…Since the turn of the century, the industry has been scrutinised by both the Office of Fair Trading and has been referred to the Competition Commission on two occasions. (Seely, 2012)

Although Waitrose occupies a niche market, barriers for entry are still reasonably high as it has a very well established brand image of high quality products and is the market leader for organic produce.

Tesco's suppliers provide them goods for their stores in order to sell which is really important, because without them Tesco would not have anything to sell. Tesco make sure to have good quality suppliers who can offer better stock than their competitors. Suppliers help Tesco because it deliver them with the stock for their company to run and be successful, also Tesco helps their suppliers by providing them money because they have large unpackaged orders at a time and also the suppliers will achieve good name because they supply their goods to Tesco and this is a successful high-street.

Suppliers- Suppliers are also main stakeholders who influence the purpose of Sainsbury’s. Suppliers want their prompt payment. They supply steady orders and get paid by Sainsbury’s. They work for such company’s who respect them and value them.

Stakeholders are people or groups with interest in an organization that can affect or be affected by the organization itself, its objectives, or its policies (BusinessDictionary, 2015). Each stakeholder brings their own perspective to the table based on their relationship with the organization (e.g. internal or external role), their level of experience, and their area of expertise about the subject matter they are involved with. At a high level, the list of stakeholders for any organization could include people or groups such as: customers, employees, government agencies, suppliers, unions, community resources, shareholders, and business owners. For the purpose of this assignment, I will discuss and review stakeholders relative to the

Stakeholders could be anyone who has an interest in an organization. Stakeholders can also be group of people who will be directly or indirectly affected by the establishment of the new grocery stores.

Their short term objectives would be increasing sales. The vision would centre around employee co-ownership with the happiness of partners as the ultimate purpose. The mission is the satisfaction of employees. Finally, the value would be to represent the best possible choice, as a result of providing the best quality, trust and customer service.

Each stakeholder has a different criterion of responsiveness, because they have a different interest in the organization. Most organizations are similarly influenced by a variety of stakeholder groups. Investors, shareholders, employees, customers and suppliers are considered primary stakeholders, without whom the organization cannot survive. Other important stakeholders are the community, which have become increasing important in recent year.