Key Stakeholders involved within the redevelopment of Leicester Market and Silver Arcade

This article discusses the primary stakeholders involved in the redevelopment of Leicester Market and Silver Arcade. It explains the reasons behind the redevelopment and the role of different stakeholders such as local authorities, businesspersons, property owners, and customers. The article also highlights the impact of factors such as urbanization, suburbanization, and re-urbanization on the market. References are provided at the end of the article.

Managing Value Creation Processes Idea to Market
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Table of Contents
Key Stakeholders involved within the redevelopment of Leicester Market and Silver Arcade......2
References........................................................................................................................................4
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Key Stakeholders involved within the redevelopment of Leicester Market and Silver
Arcade.
The primary stakeholders associated with the redevelopment of the Leicester Market and the
Silver Arcade are the various departments and the shop authority in the local area then the
transport operators along with the police, businessperson, customers, property owners and all the
other people or the department directly or indirectly associated with the system. Urbanization in
those stages shows the movement of population in cities. Suburbanization: in that stages
population are grows in number due to the high source of income and a better lifestyle in a better
environment (Harland, 2019). Re-urbanization is that the people in the city can stay in their own
boundaries.
The primary reason for the stakeholders to redevelop the market are as follows;
 Decline the industry: for a better life, people can shift themselves to the city. But in the
town there are trade decreases their condition and people make industry their own
periphery.
 High unemployment: Decline of the industry people is unemployed in a vast numbers.
 Highly traffic problem and pollution: people who maintain the high status carry a car for
use, that makes traffic on the road and it also affects the pollution in the air (Hanson,
2019). The side of the road shoppers of the shop can hold the place for making a shop.
Nowadays, businesses are declined due to the enormous numbers of online shopping. Online
shopping is famous in every year. Stakeholders like the businessperson provide numerous offer
for their customers through online and offline basis. Then stores on roads are closed. Only online
Retail Company is growing their business some month, and then the position of the market slows
down. Another cause is that, for the street shop business, the man paid various types of tax to the
government related to the company. For growing the business, the government provides the
various types’ facility to the businessman to motivate and create interest in the industry (Tidd,
and Bessant, 2018). Local authorities are helped the businessman to grow the business.
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Decline real wages and growth: Due to the financial crisis of the economy, country fall their
living standard and the considerable number unemployed occur. Those results in labour zero
hour and temporary part of job start, and it decreases the value of labour cost besides the wages.
No pay no work policy started (Nielsen, Mitchell, and Nørreklit, 2015). As a result people not
spend so much money on nonessential goods and cutting the cost of everything.
After the decade, growth of increases in economy countries can take various steps for the
businessman. Stakeholders like the Banks and different finance organizations help to develop a
business for making the small loan which eventually effect the market. Various foundations
come in front of the growth of the economy — malls and supermarket build by the government.
In the industry, see the health condition of labour, the government make a chart for employer tat
in every department how many numbers of employees are recruited.
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References
Hanson, S., 2019. Exporting the Multiplex to Britain. In Screening the World (pp. 89-115).
Palgrave Macmillan, Cham.
Harland, R.G., 2019. Urban Perspectives on Design Literacy information pack.
Nielsen, L.B., Mitchell, F. and Nørreklit, H., 2015, March. Management accounting and decision
making: Two case studies of outsourcing. In Accounting Forum (Vol. 39, No. 1, pp. 66-82).
Taylor & Francis.
Tidd, J. and Bessant, J.R., 2018. Managing innovation: integrating technological, market and
organizational change. John Wiley & Sons.
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