P1 Explain The Role Of Stakeholders In A Business Essay
A stakeholder is someone who has an interest in a business. Stakeholders are individuals, groups or organisations that are affected by the activity of a business.
Customers are arguably the most important stakeholder. This is because they are the main source of cash flow in a business. This means that the business has to listen to what the customers want and need in order to make a profit.
Customers Customers are arguably the most important stakeholder. This is because they are the main source of cash flow in a business. This means that the business has to listen to what the customers want and need in order to make a profit.
Employees Employees create and deliver products or services that the customers consume. It is important to make sure …show more content…
They also set the rules and regulations for a business.
Barnardos
Employees Barnardos have a retirement savings plan for their employees. Barnardos staff are able to choose one of two contribution rates, 4% or 6%. These are matched by Barnardos. They have a flexible working policy, which all employees have the right to request. Furthermore, they offer an extended maternity leave which they describe as ‘generous’. Barnardos also encourages employees to get involved with the forums and groups throughout the charity. These are local and national.
Trade Unions All the people that work in the UK have the right to join a trade union. In 2004, Barnardos and Union negotiated a recognition deal. Unison claimed to already have over 22% of their staff as members of their trade union. This shows that trade unions do have an influence of charities.
Pressure groups After Margaret Thatcher’s death in 2013, a pressure group called the ‘Informal Anarchist Federation (FAI) smashed a window of a Barnardos charity shop in Brixton. They claimed that this was because they thought that Barnardos funded Cedars detention centre, which detains families. They tried to exert pressure onto Barnardos to make them stop funding Cedars detention centre. This is an example of how a pressure group may try to influence a …show more content…
It contributes to the community by helping with various issues such as pupils being expelled from school and domestic violence.
Local and national governments Barnardos have had success in changing the 2003 Sexual Offences Act. They now have introduced a range of offences which relate to grooming and coercion. This shows that they do have a influence on the
Customers are arguably the most important stakeholder. This is because they are the main source of cash flow in a business. This means that the business has to listen to what the customers want and need in order to make a profit.
Customers Customers are arguably the most important stakeholder. This is because they are the main source of cash flow in a business. This means that the business has to listen to what the customers want and need in order to make a profit.
Employees Employees create and deliver products or services that the customers consume. It is important to make sure …show more content…
They also set the rules and regulations for a business.
Barnardos
Employees Barnardos have a retirement savings plan for their employees. Barnardos staff are able to choose one of two contribution rates, 4% or 6%. These are matched by Barnardos. They have a flexible working policy, which all employees have the right to request. Furthermore, they offer an extended maternity leave which they describe as ‘generous’. Barnardos also encourages employees to get involved with the forums and groups throughout the charity. These are local and national.
Trade Unions All the people that work in the UK have the right to join a trade union. In 2004, Barnardos and Union negotiated a recognition deal. Unison claimed to already have over 22% of their staff as members of their trade union. This shows that trade unions do have an influence of charities.
Pressure groups After Margaret Thatcher’s death in 2013, a pressure group called the ‘Informal Anarchist Federation (FAI) smashed a window of a Barnardos charity shop in Brixton. They claimed that this was because they thought that Barnardos funded Cedars detention centre, which detains families. They tried to exert pressure onto Barnardos to make them stop funding Cedars detention centre. This is an example of how a pressure group may try to influence a …show more content…
It contributes to the community by helping with various issues such as pupils being expelled from school and domestic violence.
Local and national governments Barnardos have had success in changing the 2003 Sexual Offences Act. They now have introduced a range of offences which relate to grooming and coercion. This shows that they do have a influence on the