Detailed Analysis of Stakeholder Roles within Business Organizations

This report provides a detailed analysis of the roles and responsibilities of stakeholders within a business context, with a specific focus on Tesco as a case study. It begins by defining stakeholders and their significance, differentiating between internal and external stakeholders and their respective impacts on organizational functioning. The report delves into the influence of stakeholders on various aspects of a business, including decision-making processes, financial performance, ethical culture, and corporate social responsibility. It examines how stakeholders, such as shareholders, employees, and customers, contribute to organizational goals, attract investment, and shape the company's ethical standards. The report also highlights the role of stakeholders in promoting corporate social responsibility and ensuring sustainable business practices. Through this analysis, the report underscores the importance of effective stakeholder management for achieving business objectives and maintaining a successful, ethical, and sustainable organization.

Role of stakeholders

Table of Contents
INTRODUCTION.....................................................................................................................................3
MAIN BODY...........................................................................................................................................3
Role of stakeholders..........................................................................................................................3
CONCLUSION.........................................................................................................................................6
REFERENCES..........................................................................................................................................8
Books and journals............................................................................................................................8

INTRODUCTION
Stakeholders are that party within an organisation which has their interest within the
company which can be affected by the functioning of organisation. The primary stakeholder
is those which include investor, employee, customers, suppliers and many others which have
to be managed by the organisation in order to improve its function and achieve their business
objectives (Labanauskis and Ginevičius, 2017). In context of the current report there is
discussion about role of stakeholders within the organisation. The main organisation which is
considered under this report is Tesco. It is Global performing organisation which act as a
British multinational retailer. This was founded by jack queen in 1919. Company is currently
operating under the retail industry where it sale food products clothing and many other
product range.
MAIN BODY
Role of stakeholders
Shareholder at an important part of every organisation where they include number of
individuals which are related to the organisational functioning as well as impact on the
profitability level of harmful stop stakeholders are that part of organisation which has their
clear motive while working within the organisation as well as direct impact of organisational
function. It is also identified that there are different kind of stakeholders in an organisation
which are related to their part of interest within the firm (Miragaia, Brit and Ferreira, 2016).
A stakeholder is a person who has invested in the company and its services project where
they will get a assured return from the organisation as well as face impact from the
functioning of organisation. Stakeholders will include employees of the company, supplier,
vendors and very various other individuals which are related to the organisational functions
and will be impacted accordingly. There are different kind of stakeholders which are
classified under two approaches which include internal stakeholders and external
stakeholders. Text internal stakeholders can be defined as those persons who have their
internal part within the management of the company and have voting power in the
organisation. They are major investor of the company which act as a part of board of
directors. They have all the power within the organisation as well as higher level of maturity
which they can execute at the time of organisational functioning and can direct the
organisation toward the goals and objectives. External stakeholders are those stakeholders

within the organisation which has their major role as to invest and disinvestment in the
company for staff they hardly can bring any change within the company but they are also
impactful for the organisation in relation to making conditions for Star that doesn't take direct
initiative for taking part in the internal operations of the organisation but has to be considered
in order to achieve better results (Samant and Sangle, 2016).
Stakeholder play important role in the organisation will help in managing the
functioning in accordance with the needs and requirements. Stakeholder always builds
pressure on the organisation so that the management can easily achieve the goals and
objectives and perform in an effective manner. Stakeholders help in directing the
management this is because they act as a part of organisation in the form of internal
stakeholders where they perform functions under the board of directors system. They always
help the management in taking decisions as well as actions which will help in managing goals
and objectives according to the needs and requirements. It is also identified that they can over
certain departments like service human resources research and development as well as
management which help the organisation in ensuring successful implementation of policies
and achievement of goals and objectives (Vogler, 2020). This is also identified that there are
a number of functions which has to be performed according to the needs and requirements of
the current time which are directed by the management but there is direct involvement of
stakeholders under it. It is the major role which is played by the stakeholder where they
provide guidance to the individuals as well as help them in performing their functions in their
respective departments.
One of the major role was played by stakeholder and the organisation is to bring the
money towards the organisation. This is because stakeholders also include investors which
bring money to the organisation in order to perform its function and achieve the process
objective (Korneć, 2020). In context of stakeholders there is large number of investor to the
company and they can bring money in order to improve the functioning of organisation. Help
in making decisions which are dependent on the company's financial performance will stop
the management changes within the tactic which are adopted by the organisation in order to
manage the financial performance. Stakeholders always work to get the benefit of
organisation where they help in attracting investment toward the organisation by analysing
the balance sheet and financial reports of the organisation full star in context of Tesco this is
also identified that there are a number of stakeholders which perform their function in
accordance with the needs and requirement of organisation where they help in increasing and

decreasing the investment by changes in the share prices and performing the functions
according to the market value (Laurisz, 2019). This is also identified that it help the
organisation in managing the function and making the conditions favourable in accordance
with the organisational functions. One of the role which is played by stakeholder under the
organisation is related to making better process for decision-making full star this is because
major tea of the stakeholders are the part of board of director where they help the
organisation in improving its decision making process by consulting with other members full
they have the power to disturb the decision as well as improve the organisation and
functioning in order to bring appropriate management system. Stakeholders also have power
to appoint the senior level manager where they can make appropriate decisions according to
the current performance for this is analysed from the performance of Tesco where
stakeholders within the organisation help the management in taking decisions regarding
liquidity and acquisition of various other organisations in context of expanding the business
of Tesco. There are various other departments such as human resources finance and many
other where stakeholders provide assistance to the organisation in order to improve its
function as well as perform appropriate functions according to better decision making
abilities (Yiannakou, 2020).
One role which is played by stakeholders within the organisation is related to creating
an ethical culture for employees. Establishing and ethical company with an appropriate vision
and mission is a core function of every manager as well as stakeholders within the
organisation. This is because it is an ethical responsibility of business towards place where
they can maintain an appropriate ethical culture so that employees can work in an effective
manner (Imtihansyah, Sarman and Supriadi, 2019). Employees are also part of stakeholders
within different organisation where they help in improving the code of conduct as well as
performing functions in accordance with the needs and requirements of organisation. Here
stakeholders always focus on improving the Hennessey dedication teamwork commitment
and various other features of ethical culture within the workplace so that organisation can
ensure your effective floor as work in accordance with the needs and requirements full start
this can be seen from the instance where different employees but in different situations of
different organisation and they will perform effectively if there will be at the equal values and
effective communication within the organisation for staff requirements of work in an ethical
manner.

In context of the present era the most important factor for every organisation is related
to corporate social responsibility full star essential for the firm to perform the functions in an
appropriate manner and achieve better functions (Wamugu, and Ogollah, 2017). Corporate
social responsibility can be defined as a responsibility of the organisation in context of
different individual where organisation start an initiative to provide the sustainable return to
the environment so that it can maintain the sustainability in business function in for staff is a
global performing organisation where the stakeholders within the organisation always
perform their function ahead to the corporate social responsibility for staff here are
stakeholders within the organisation play an important role in generating appropriate system
with support the corporate social responsibility for start the stakeholders include investor
employees and other individual stakeholders which are liable for performing their functions
in accordance with the corporate social responsibility for staff under this the ethical choices
will always effect on the organisation and community. Here management try to manufacture
that kind of product as well as use special sister which will reduce the waste from the
production management and well as help in reducing pollutants from the environment.
Stakeholder play important role in execution of this function as well as providing permission
to execute this function according to the requirements of organisation for star this is a major
role which is played by the stakeholders in order to save the environment as well as improve
the brand image within the market by using effective tools and techniques (Scandelius and
Cohen, 2016).
There are a number of roles and responsibilities which are played by the management
within the organisation. These roles and responsibilities are related to achievement of goals
and objective as well as defining a path in accordance with the needs and requirements of
goals and objectives. Apart from this there are different objectives such as market
penetration. In increasing the cells which are played by the stakeholders in context of
organisation (Lusinga, and Fairhurst, 2020). They always bring different marketing ideas
which help the organisation in achieving the objectives and performing its function in an
appropriate manner. Invest they also attract investors as well as become and honey bees to
collect the money and play important role according to the requirements of organisation in
context of finance. This is also identified that holders are necessary for the form in order to
achieve the active as well as performing its function according to the requirements.

CONCLUSION
It can be concluded from the above mentioned information that stakeholders are
important for the organisation in order to manage their function and achieve the objectives in
an appropriate way. This is also mandatory for the firm to manage the stakeholders according
to the requirements so that it can achieve better results in its functioning and perform all the
function according to the requirements. These rules are essential for the organisation in order
to achieve its objectives as well as performing the function according to the needs and
requirements.

REFERENCES
Books and journals
Labanauskis, R. and Ginevičius, R., 2017. Role of stakeholders leading to development of
higher education services. Engineering Management in Production and
Services, 9(3), pp.63-75.
Miragaia, D., Brito, M. and Ferreira, J., 2016. The role of stakeholders in the efficiency of
nonprofit sports clubs. Nonprofit management and leadership, 27(1), pp.113-134.
Samant, S.M. and Sangle, S., 2016. A selected literature review on the changing role of
stakeholders as value creators. World Journal of Science, Technology and
Sustainable Development.
Vogler, D., 2020. Analyzing reputation of Swiss universities on Twitter–The role of
stakeholders, content and sources. Corporate Communications: An International
Journal.
Korneć, R., 2020. The role of stakeholders in shaping smart solutions in Polish
cities. Entrepreneurship and Sustainability Issues, 7(3), pp.1981-1995.
Laurisz, N., 2019. The Role of Stakeholders in Development of Social Economy
Organizations in Poland: An Integrative Approach. Administrative Sciences, 9(4),
p.74.
Yiannakou, A., 2020. Urban regeneration as a perpetual planning process: Understanding the
role of stakeholders in property-led regeneration projects in Greek cities. Local
Economy, 35(2), pp.83-104.
Imtihansyah, R., Sarman, M. and Supriadi, H., 2019. The Role of Stakeholders in The
Development of Swimming Sports Branch in Tanah Laut Regency,
Indonesia. European Journal of Social Sciences Studies.
Wamugu, J.W. and Ogollah, K., 2017. Role of stakeholders participation on the performance
of constituency development fund projects in Mathira East constituency in
Kenya. International Academic Journal of Information Sciences and Project
Management, 2(1), pp.104-125.
Scandelius, C. and Cohen, G., 2016. Achieving collaboration with diverse stakeholders—The
role of strategic ambiguity in CSR communication. Journal of Business
Research, 69(9), pp.3487-3499.
Lusinga, D.D. and Fairhurst, K.J., 2020. Role of stakeholders in business rescue. South
African Journal of Business Management, 51(1), pp.1-11.