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Essay on Business Btec Level 3 Unit 1 P2

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Table 3: Assignment 1.2: P2 - Influence of Stakeholders

Name of Organisation B: | Apple | Sector: | | Examples of Stakeholders | How are stakeholders influenced by the organisation? | How is the organisation influenced by the stakeholder? | Customers | The customers would be influenced because if the company are financially struggling the customers are there only hope to stay profiting. If the company was to go bust it means customers will no longer be able to shop there. The customers would be an external stakeholder, they can get information by advertisements and even check their annual report on the businesses website. | The establishment relies on their customers to shop at their stores but also they try and bring in …show more content…

the suppliers would be influenced as if they know the company isn’t doing well then they may not supply to that company as the suppliers wouldn’t make their money. | The company has a few different suppliers but relies on each supplier to bring in the stock for them to sell, if they didn’t have more than one supplier then they wouldn’t have anything to sell if one stopped production or went on strike. | Linked businesses | Linked companies with Apple such as Samsung would be external to Apple, they are linked however they are not involved with each other. In one way the companies would be competition with each other as they sell similar products but in different stores. They would find out the information through annual reports and meetings. | Linked businesses influence the company as more ideas in order to improve the company it creates a competition of pride both wanting to do their best to out weigh the other company. | Table 3: Assignment 1.2: P2 – Influence of Stakeholders | Name of Organisation B: | John Lewis | Sector: | | Examples of Stakeholders | How are stakeholders influenced by the organisation? | How is the organisation influenced by the stakeholder? | Investors | Investors are influenced by john lewis because if the company starts doing bad and loses money in the year instead of profit there are no bonuses at the end of the year for the investor and they can also loses a lot

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