Stakeholders In Asda Essay

593 Words2 Pages

What is a Stakeholder?

A stakeholder is a person or organisation that has an interest or a concern with in a business. Stakeholders can both influence and be influenced by the actions of the business, its objectives and policies. Examples of both internal and external stakeholders are shown below.
Internal Stakeholders

• Employees – The employees are one of the most vital stakeholders within the business because they rely on ASDA for a steady income for them to survive. The employees have a major influence on how the business is operated as they can rally protests or petitions against issues such as low wages and staff benefits. They are vital to the business because without happy, satisfied employees, ASDA would not be able to operate in order for them to achieve business objectives.

• Shareholders – Are also important as they are investing capital into …show more content…

Suppliers have influence over the organisations because a change in price and the products they supply can have an effect on the products/services provided by ASDA. Meaning if the suppliers introduce more eco-friendly and Fairtrade products, ASDA will also adapt to these changes and offer these products. ASDA works hard to build good relations with its suppliers and also helps the community by trading with small medium sized businesses.

• Customers- Another key stakeholder who rely on ASDA to keep the prices low on products and provide excellent services. Customers have influence within ASDA because the products they buy more are considered best sellers and ASDA see this and keep those products stocked more than other products. If a product is not selling as much as others, the company will then have to determine the factors keeping customers from buying this product such as animal cruelty, non-fair trade

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