Business Report: Examining Tesco's Stakeholder Influence and Benefits

This report provides an analysis of Tesco's business environment, focusing on the influence and relationships between internal and external stakeholders. It begins with an introduction to the business environment and provides a brief overview of Tesco's operations, including its global presence, financial performance, and founding. The report then delves into the relationships and influence of both internal stakeholders (owners, employees) and external stakeholders (customers, suppliers, shareholders, and the government), highlighting the importance of effective communication and decision-making to satisfy stakeholders. The report also discusses the benefits of managing these relationships, such as improved company direction and increased profitability. It concludes by emphasizing the need for businesses to analyze and make decisions based on both internal and external factors to achieve better functioning and gain a competitive advantage. The report references relevant academic sources to support its arguments.

PROFESSIONAL
DISCUSSION PAPER

TABLE OF CONTENT
INTRODUCTION
RELATIONSHIP AND NFLUENCE OF INTERNAL AND
EXTERNAL STAKEHOLDERS
CONCLUSION
REFERENCES

INTRODUCTION
Business environment are the activities which are associated with
organization which are the external and internal factors influencing
the working.
Tesco is having its headquarters in England, United Kingdom with a
number of 6,800 stores worldwide and 450,000 numbers of
employees working.

CONTINUE…
The company is having net income of £1.320 billion as of 2019and
the founders of the organization is Jack Cohen.
The presentation consists of the influence, benefits and relationship
of external and internal factors in an organization.
These factors have to be controlled so that the company can have
better reputation and brand image in the market for a competitive
advantage and higher profitability.

Relationship and influence of internal and external
stakeholders
RELATIONSHIP
External and internal stakeholders have a great influence and share a
good relationship in the company which makes the company be able
to function effectively.

CONTINUE…
There is a direct relationship between the internal and external
stakeholders so that there is a better functioning of the two which is
going to make the productivity of the company increase.
Internal stakeholders are owners, employees, teams, etc so that the right
decisions can be taken for the external stakeholders to be satisfied.
The external stakeholders of Tesco are customers, suppliers,
shareholders, etc who have to be satisfied and for them there are
changes which are taking place in Tesco from time to time.

CONTINUE…
Influence
Internal stakeholders
There has to be a good communication and a common language
which is being used in Tesco so that the productivity is effective and
the services and products reach the customers faster and effective.
The products and services of the company are maintained by the
internal stakeholders who are why they have to be motivated so that
the company will be able to have a better functioning and the
organization will be able to expand and worldwide recognition will
be received by Tesco which is very good for the portfolio.

CONTINUE…
External stakeholders
The external stakeholders make the company have a lot of changes in
operations and products and services of the company so that the customers are
getting the best.
Government of the country has put out the rights for customers and employees
who the organization will have to get in so that they can have a strong base in
the market for themselves and this is going to be beneficial for the company.
The competition in the market is increasing therefore it is very essential for the
organization to be able to operate effectively in the market.

CONTINUE…
Benefits
The company is going to have a better sense of direction to function
within which is going to result in having higher profitability.
There is a lot of investment which Tesco has gone over years so that
they can make the satisfaction level of the external stakeholders of the
company increase and their demands are met.

CONCLUSION
From the above presentation it can be concluded that there is a need for
businesses in the market to analyse and make decisions according to the
internal and external factors so that there would be better functioning.
There is a great influence of these factors in a business which will have to
be considered by the organization in order to be able to operate ad gain
profits in the market.
The competition in the market is increasing and if these factors are
considered then the businesses will be able to get a loyal workforce and
customer’s base in the organization.

REFERENCES
Alotaibi, Y., 2016. Business process modelling challenges and
solutions: a literature review. Journal of Intelligent
Manufacturing. 27(4). pp.701-723.
Camilleri, M.A., 2017. Corporate sustainability and responsibility:
creating value for business, society and the environment. Asian
Journal of Sustainability and Social Responsibility. 2(1). pp.59-74.
Crowley, F. and Jordan, D., 2017. Does more competition increase
business-level innovation? Evidence from domestically focused
firms in emerging economies. Economics of Innovation and New
Technology. 26(5). pp.477-488.

THANK YOU