Stakeholders and Their Influence on Business Practices

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.