Help Sheet Essay

Explain the points of watch of different stakeholders seeking to influence the aims and objectives of twain contrasting Organisations (M1) You must explain the points of tidy sum of the different stakeholders and link the points of view with the aims and objectives of each business. You need to research all aspects and investigate external influences that equal your chosen businesses, for example, supply and demand, government legislation, economy and social factors. * Introduction aim the assignment by describing why stakeholders have different perspectives. They all requisite their own way, see examples below to help * You need to look at TWO companies (Tesco and AKA)* Suppliers expect the vanquish price for their product (eg farmers and milk prices, Tesco sine qua non to give them 21p, farmers fate 25p how bequeath this affect Tescos aims and objectives? ( increase, being the best retailer, offering value for money) for AKA the suppliers requirement to deliver a pr oduct at a certain time, AKA whole open from 1pm this affects suppliers as they have new(prenominal) deliveries and whitethorn waste time waiting for AKA to open, hence non worth(predicate) the order. * Customers they want the best quality for the best price, they constantly research competitors and only buy the best. They demand special offers, excellent customer service and for large(p) companies to go the extra mile for them. How is this different to suppliers or employees point of view? AKA the customers want more classes, more sessions, cheaper dance classes, this goes against the owners as she wants to make a profit and have a minimum numbers of commonwealth attendance classes otherwise she wont cover costs.* Local participation they want clean environment, quiet peaceful living area, no rubbish how will this influence aims and objectives? And how is this different to the other perspectives eg. managers who want to make a profit not render for bins or plan for early morning deliveries). For AKA, topical anaesthetic community want a place to go and visit provided car park blocks a whole road when a coming into court is on * Shareholders and Directors they want profit and high dividends how does this compare to the other stakeholders? For AKA, this is not relevant. * governing body they want people to be employed in UK, they want to obtain taxes from large companies, they have initiatives to employ more young people or school leaving age how does this affect Tescos aims?For AKA Government offer grants to AKA government want small business to engage segments of the community eg (autistic people) this may not be the pathway the owner wants to go she may want to work with elderly people how will the terms of a grant influence AKAs objectives? * Trade Unions they want fair, equal pay and terms and conditions for all employees, how does this differ from shareholders that want profit? For AKA, this is not relevant.* Employees they w ant good working conditions, bonuses, good holidays this contradicts against shareholders who want profit, or managers who want to pass on money on products not employees staff rooms or lockers. AKA employees may want better pay to compete with larger dance classes manage Zumba franchises owner cannot afford the higher wages so they have conflict. * outright conclude this is where you summarise the different opinions of stakeholders and how important they are in making aims and objectives for EVERYONE not just owners or customers.Remember this is a MERIT undertaking grade C equivalent detail and evaluation is the key