Stakeholder Analysis of TESCO: Relationships, Influence & Benefits

This presentation provides a comprehensive analysis of TESCO's stakeholders, differentiating between internal (employees, investors, owners, managers) and external stakeholders (customers, creditors, suppliers, competitors, government, local communities). It examines the relationships and influence of these stakeholders on TESCO's business practices, highlighting the greater influence of external stakeholders. The presentation emphasizes TESCO's strategies for maintaining positive relationships with both internal and external stakeholders, such as providing job security and returns on investment to internal stakeholders, and offering affordable prices and fair rates to external stakeholders. It also addresses the importance of corporate social responsibility in engaging with local communities. The presentation concludes with recommendations for TESCO to further enhance its relationships with internal stakeholders to positively influence work procedures and ensure continued growth and success. Desklib provides this document and many other resources to aid students in their studies.

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The presentation paper will shed a light over the stakeholders of TESCO. Also, relationship and
influence of internal and external stakeholders over the business practice will be shown. The
benefits of engaging with stakeholders will also be explained.

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Whereas external stakeholders are those stakeholders that are not directly linked to the company
but somehow the actions of the business get impacted through them.
The internal stakeholders of TESCO include the employees, investors, owners and managers
whereas the external stakeholders of TESCO involve the customers, creditors, suppliers,
competitors, government and local communities.

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However, on the other hand it is hard in case of external stakeholders as they are not in the
control of the business. In similar manner, in case of TESCO the influence of external
stakeholders is higher as compare to internal stakeholders.

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TESCO has adopted the effective strategies. Especially, employees and investors are the
major stakeholders that can impact the business practices directly.
Ineffective relationship management with the employees creates the negative thoughts in
employees and further impacts their working procedure at the workplace. Therefore, TESCO has
assured keen focus over full-filing the satisfaction level of employees within providing them job
security and establishing effective understanding with the employees. As a result, employees feel
valued and this results in performing the task by employees in effective manner that further
results in assuring higher rate of growth and success to organization. Investors who are the
shareholders and debentures plays vital role as they help in managing capital in the organization.
Thus, TESCO has ensured effective return on investment to the investors. This leads to create the
effective interaction among Investors and Organization. As a result, investors feels satisfied and
invest in effective manner in TESCO that makes the positive influence over the operations of the
TESCO and ensure higher success to company as well.
Thus, the relationship that has TESCO maintained with their internals stakeholders in directly
impacting the working procedure in effective manner that is further leading to earning of higher
profitability and assuring growth and success to the company.

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Thus, the relationship that has TESCO maintained with their internals stakeholders in directly
impacting the working procedure in effective manner that is further leading to earning of higher
profitability and assuring growth and success to the company.

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The company is providing wide range of products to customers in affordable prices that
has resulted in creating effective interaction among the business and customers. TESCO is
providing fair rates to their supplier as well. As a result, suppliers of TESCO are effectively
providing mandatory materials to the business. Competitors are one of the major external
stakeholder whose actions can directly impact the performance of company therefore, TESCO is
keeping a keen check over competitor in terms of being aware so the business cannot get impact
in negative manner. Government are the higher authorities whose decision directly impacts the
business practices.
If effective interaction has not been made with government then it increases the
interference of government in the business. Therefore, TESCO is full-filling all the political
factors that are related to food and drug administration that in creating effective relationship
among government and TESCO. Lastly, the local communities are the stakeholders and they are
highly concern about environmental elements. Therefore, TESCO has assured effective focus
over performing Corporate social responsibilities that is creating effective support by the local
communities for company and impacting business practices in positive manner.
Thus, TESCO is getting higher benefits within increasing the stakeholder engagement in
the business. Effective engagement with internal stakeholder enabling TESCO to increasing the
number of investors and satisfying employees that is creating effective working procedure in
company. Also, efficient engagement with the external stakeholders is creating large number of
customers for TESCO and reducing the threat from government and local communities as well.

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The major recommendations for TESCO involves creating more opportunities for employees and
investors who are internal stakeholders. However, TESCO is effectively managing relation with
the external stakeholder within satisfying them. Therefore, in context of internal stakeholders as
well more strategies must be form as it will lead to influence work procedure in positive manner.

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