Professional Discussion Paper

Professional Discussion Paper

Table of content
 Introduction
 Main Body
 Recommendations
 Conclusion
 References

External Stakeholders
It comprises those individuals who have great interest in business but not
directly affected with the performance of organisation. They are highly
interested in market position, profit and success of company. It is analysed
that these stakeholders use financial data and information of company in
order to stay aware about financial position, profitability of company.
Further, external parties are not aware with the internal issues of entity.
Here, some external stakeholders of TESCO are mentioned below:

Cont.....
Investors: These individuals invest money in business thus they are highly
interest in profitability, performance of company. Investors are crucial as
they provide necessary money to operate business successfully. It is
monitored that TESCO is operating at large level and also invite general
public to invest in organisation through shares. Managers of company are
required to reveal necessary financial information to investors that will
help to maintain strong brand image at market place.

CONCLUSION
From above discussion, it can be concluded that stakeholders are crucial part of
an entity. Internal stakeholder have direct impact on business practice so it is
vital to maintain better relationship with them. It can be concluded that external
stakeholder are not directly associated with company but have great interest in
its performance as well as profitability.

References
Boutilier, R., 2017. Stakeholder politics: Social capital, sustainable
development, and the corporation. Routledge.
Hauser, S., 2016. Stakeholder influence and the diffusion of eco-efficiency
practices in the natural gas exploration and production industry.
International Journal of Energy Sector Management.
Koehler, I. and Raithel, S., 2018. Internal, external, and media stakeholders’
evaluations during transgressions. Corporate Communications: An
International Journal.
Oyewo, B., Ajibolade, S. and Obazee, A., 2019. The influence of
stakeholders on management accounting practice. Journal of
Sustainable Finance & Investment, 9(4), pp.295-324.
Yakimova, R., Merrilees, B. and Miller, D., 2016. Engaging internal
stakeholders: revitalizing community organizations through
rebranding. In Looking Forward, Looking Back: Drawing on the Past
to Shape the Future of Marketing (pp. 764-771). Springer, Cham.