Tesco: Analyzing the Relationship and Influence of Stakeholders

This report provides an analysis of Tesco's stakeholders, categorized into internal and external groups. Internal stakeholders include staff, investors, and owners, while external stakeholders encompass suppliers, consumers, competitors, and the government. The report examines the relationships and influence these stakeholders have on Tesco, highlighting how their needs and expectations impact the company's policies and operations. It emphasizes the importance of understanding both groups for effective business management and decision-making, including how management considers the financial effects of its activities on internal stakeholders. The report concludes by summarizing the key findings regarding stakeholder dynamics and the influence of regulations and policies on the business.

Individual
Presentation Paper

 Stakeholder engagement is consider as the process through which firms communicates
as well as get to know stakeholder. Through getting to know about the stakeholders.
Firms becomes better to understand that what they want it as well as how engaged
stakeholders and how the firm’s plans as well as actions will impacts the goals of the
firm. Present report focuses on the Tesco firm as it is known as a British general
merchandise as well as groceries multinational firm. As its headquarter is in Welwyn
garden city, England, United Kingdom. It is known as the third large company all over
the world. It is known as ninth largest all over the world through revenues. Purpose of
the Tesco is to invest the money as well as sales the quality products to the consumers.
INTRODUCTION

 Stakeholders are consider as groups of people and individuals that are
connected to an entity. They impact through policies ,activities carried as well
as procedures by the entity. Two major groups of stakeholder are known as
external as well as internal stakeholder as mention below.
 Internal stakeholder are consider as those people who are actively included
within activities of a business or shares within the entity. Such as staff
members, investors, owners of the firm.
 External stakeholder are known as the parties who are from outside that are
connected to an entity because they have shared interest to an entity. Such as
consumers, competitors, suppliers, government and many more.
Analyse the relationship and influence internal and external stakeholder

 External stakeholder- These are the one who can be interested within
performance as well as success of an entity but they are also directly
impacted through it. These are the ones that are not included within day to
day operations of Tesco. Also firms activities also have the influence on
them.
 Various stakeholder are the suppliers, consumers who gives raw materials,
creditors, general public, clients, competitors and government. The
external stakeholder also interested within performance as well as success
of the entity but at the same time they are not directly influence through it.
Cont..

 Also known as secondary stakeholder of the entity. These are the
external parties of the business environment of the firms. These
stakeholder are also uses financial information as well as other
information about the firm to becomes aware of performance.
 It is analysed that there is great relationship between internal and
external stakeholders of company. This can be said that these both
provide crucial info about market. Besides that, any change in
external stakeholders need will impact on internal stakeholders.
CONT..

 On basis of laws and regulations policy is formed by management.
 Alongside it, there is great influence as well of stakeholders on
business. This is because products and services provided by business
depends on what are need of stakeholders and how can be fulfilled.
So, if there is any change in need of stakeholders then it directly
impact on organization. Board of directors of Tesco are the one who
are nominated through the owners as well as who have the power of
the decision making.
CONT..

 The performance of a business directly affects the internal stakeholders,
and management must consider the financial effects of its activities on this
group. Poor decisions hurt profitability, which reduces an owner’s interest,
employees’ Members of the business and local community want
businesses that benefit them to succeed. A business will be less likely to
ship jobs out of town if it means less cooperation from local and state
governments when it comes to requests or tax breaks.
CONT..

 From the above it had been concluded that Stakeholders are known as
external as well as internal stakeholder such Internal stakeholder such as
staff members, investors who are aware of the all the internal issues of the
entity. While External stakeholder are the suppliers, consumers also uses
financial information as well as other information about the firm to
becomes aware of performance. Report also concluded that of laws and
regulations policy is formed by management. Alongside it, there is great
influence as well of stakeholders on business financial effects of its
activities such as Poor decisions hurt profitability and many more
CONCLUSION

 Bonnafous-Boucher, M. and Rendtorff, J.D.,
2016. STAKEHOLDER THEORY. PALGRAVE
MACMILLAN.
 Miles, S., 2017. Stakeholder theory classification: A
theoretical and empirical evaluation of
definitions. Journal of Business Ethics, 142(3),
pp.437-459.
REFRENCES

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