Stakeholders and Their Influence on Business Practices

This presentation explores the relationship and influences of internal and external stakeholders on business practices, using TESCO as a case study. It discusses the role of stakeholders, both internal and external, and their impact on the success of the business. The presentation concludes with the positive influence of stakeholders on business operations and the achievement of organizational goals.

Stakeholders

Table of Content
• Introduction
• Stakeholders
• Relationship and influence of internal stakeholder on business
• Relationship and influence of external stakeholder on business
• Conclusion
• References

Introduction
Stakeholders are considered as the person who has interest into entity at boarder
level and it may impacted or may get impacted through business at board level.
Within firm, the key stakeholders are staff, investors, suppliers and clients. The
undertaken organisation for this presentation are TESCO, which is a well known
British multinational retailer having headquarters is in Welwyn Garden City,
England, UK. This main aim of this presentation is to determine the relationship and
influences of internal as well as external stakeholder upon business practices.

Stakeholders
Stakeholders are stated as the groups, firms or individuals who can effect or effected
through practices, policies and vision of entity. Stakeholders of business are
classified in two internal as well as external. The internal stakeholders are owners,
managers, investors, board of director and staff. Whole on other side, external
holders are competitors, creditors, clients, suppliers, government and society.

Relationship and influence of internal
stakeholder on business
Internal stakeholders are persons, groups and parties that participate into business
management. Moreover, they can influence and become influenced by the firm’s failure
and success as internal stakeholders has boarder interest into TESCO. They are also
called primary stakeholders as well as it has board relationship and affects upon entity.
Based on January 2019 data, the key shareholders of TESCO are Black rock, Norges
bank and Schroders Plc who have power over 6.64%, 3.99% and 4.99% of holding
correspondingly.

Cont...
Description related to this are discussed on next slides:
• Owners
• Board of directors
• Managers
• Workers
• Investors

Relationship and influence of external
stakeholder on business
External stakeholders are not usually the part of firm management buy it impacts their
performance and working in indirect way. In general aspects, this can be stated that
external stakeholders are considered to be outside parties which are a type of business
atmosphere. In addition to this, they are also called secondary stakeholder and these are
financial user which informs entity.

Cont..
There are various external stakeholders which has relationships as well as board
impacts upon its performance are described below
• Consumers
• Competitors
• Business Partners

Conclusion
As per the above presentation, it has been concluded that stakeholders are crucial aspect of entity as
well as they has board affect upon business practices. Also, it is categorised into two such as
internal and external. Moreover, internal stakeholders includes board of directors, investors and
others where as external stakeholders consists competitors, government etc. This have positive
influence upon business operations as it assist in staff turnover minimisation, higher consumer
satisfaction level, productivity etc. as well as this it eventually drives towards attainment of firm’s
goals effectively and efficiently.

References
• Amaya, J., Arellana, J. and Delgado-Lindeman, M., 2020. Stakeholders perceptions
to sustainable urban freight policies in emerging markets. Transportation Research
Part A: Policy and Practice, 132, pp.329-348.
• de Chernatony, L. and Harris, F., 2000. Developing corporate brands through
considering internal and external stakeholders. Corporate Reputation Review, 3(3),
pp.268-274.

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