Roles of Internal and External Stakeholders of Tesco

This report describes the roles of internal and external stakeholders of Tesco and how they influence the company's operations. It discusses the importance of stakeholder analysis and identifies key stakeholders such as the local community, government, suppliers, consumers, and pressure groups. The report also highlights the impact of stakeholder needs on Tesco's goals and operations.

Professional Presentation
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Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY..................................................................................................................................3
CONCLUSION................................................................................................................................5
REFERENCES................................................................................................................................6
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INTRODUCTION
Stakeholder are person, organisation who are engaged directly or indirectly connected to
organisation. they play a vital role in business activities as it affect on operations. they take
interest in activity of business. they can also take shares of business or invest in it.
in this report it will be described about tesco internal and external stakeholder. Also, it will
be discussed about how they influenced on company operation.
MAIN BODY
Describe the roles of Both Internal and external stakeholders of Tesco
In every company there are various types of stakeholder which play a vital role in organization.
they are directly and indirectly connected with firm. However, it is necessary to do stakeholder
analysis so that it is identified who are stakeholder, their needs, etc. (Derakhshan, Turner, and
Mancini, 2019)
Tesco has several kinds of the stakeholders with their business who are able to do several
kinds of the business. Firms have the following external stakeholders within their business that
plays a vital role such as
External stakeholder
Local community
They are the crucial part of the Tesco Plc and society. As the local community totally depends on
the firm for employment such as
People living in United Kingdom wants that Tesco prevent the noise pollution ,environment
pollution as well as other problems that might impact the local people.
Large business of Tesco requires to operate with the local community of U.K. Being a large
business Tesco also attracts other business such as suppliers as they will create other jobs at the
same time it also create problems such as extra traffic. Several business are asked to regulate the
activities such as car parks and many more ,but Tesco get an advantage as their car parks comes
within local community's car park (Farooqi, Jourjon, and Zaffar, 2017).
Government
It plays a crucial part within Tesco as it wants some of the data that are regarded their business
for that they have to respond the government as well as legally pay taxes that can be done by the
government. Firm is expected through the government to gives the goods as well as services that
the firms require as well as gives employment. Regional offices also collect a broad range of
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information through government as well as also run through government. To provide
employment government expect Tesco to be provide the sufficient quality of goods.
Suppliers
Firms have to maintain a good relations accompanied by their suppliers for removing the conflict
among them . Suppliers of Tesco needs regular order as it aids them to be successful as well as
enhance their profit and at the same time wants to make the financial position more healthy.
Tesco want a business that are reliable as well as also have a stable income within the business
so that they are capable of being timely paid.
Consumers- They are the one who plays a vital role within Tesco as they represents that they
are willingly complete the requirements as well as expectations such as products provided on
reasonable price, best quality products on time and many more (Ramus,. and Vaccaro, , 2017).
Pressure groups- They plays a vital role as they are trying to help staff members or other people
who are having problems. For example in if 600 employees lost their jobs then pressure groups
trying to get all the jobs back for the employees). They take the immediate actions and also they
are crucial and important for the Tesco's business.
Internal stakeholders
Employees- They are the crucial part of Tesco as without the staff members they are unable to
run the business. Whether they are full time or part-time ,try are crucial for the stakeholders of
the firm. Thus they are the people who are involved with firm very closely. They also have
strong impact regarding how to run a business. There are several expectations that includes clean
as well as safe working environment, Job security, Owners of Tesco within business that have
the financial interest in Tesco, rewarding for quality work. Owners of the Tesco have several
interest such as international investment as due to avoid the damage to environment.
Managers
All the directors as well as managers of Tesco are the stakeholder . Expectations of the managers
are mention below
They needs to work within a business that are growing continuously, Reputation plays a crucial
role so the managers needs to have a good reputation for being successful nationally and locally
(Todd,, Leask, and Ensor, 2017).
Managers are accountable for the effectively running the business as the firm is doing
innovation day by day so the managers of the Tesco are accountable for both the success and
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failure of the Tesco. It is vital that the owners are properly rewarded for their management skills
an also they are appointed with care. That's the reason senior management can also attract
themselves for their management skills.
there is great influence of stakeholder on tesco operations. this is because if there is any
change in stakeholder needs then it highly impact on company operation. they have to modify
their goals and work as per their needs Apart from it, stakeholder provide useful info to company
related to market. this enables in developing effective strategies and involving them in decision
making (Voinov, Kolagani, and Ramu, 2016)
CONCLUSION
hereby, it is concluded that stakeholder are directly and indirectly connected to organisation.
tesco internal stakeholder are employees, managers, etc. and external are government, investors,
customers etc. they highly influence on company operations. it is because any change in their
needs will affect on tesco goals and operation.
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REFERENCES
Books and journals
Derakhshan, R., Turner, R. and Mancini, M., 2019. Project governance and stakeholders: a
literature review. International Journal of Project Management, 37(1), pp.98-116.
Farooqi, S., Jourjon, G.. and Zaffar, F., 2017, April. Characterizing key stakeholders in an online
black-hat marketplace. In 2017 APWG Symposium on Electronic Crime Research
(eCrime) (pp. 17-27). IEEE.
Ramus, T. and Vaccaro, A., 2017. Stakeholders matter: How social enterprises address mission
drift. Journal of Business Ethics, 143(2), pp.307-322.
Todd, L., Leask, A. and Ensor, J., 2017. Understanding primary stakeholders' multiple roles in
hallmark event tourism management. Tourism Management, 59, pp.494-509.
Voinov, A., Kolagani, N. and Ramu, P., 2016. Modelling with stakeholders–next
generation. Environmental Modelling & Software, 77, pp.196-220.
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