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Wednesday 18 November 2009

Describe how 5 different stakeholders of Tunnock's could influence the organisation

o Customers can influence a business by no longer buying the product and moving their business elsewhere.

o Employees can demand a wage rise or take action, strike, work to rule, protest

o Managers can influence an organisation by hiring and firing staffing. They can also be responsible for important decision making.

o Owners: They could expand the business to an international market to make profits larger, build more shops which would mean transport costs would be reduced not having to transport goods as far. The owner may decide to shut down the business as they have the first say & this may result in major loss of jobs.

o Government: The government can introduce new laws & raise taxes which may deprive a business of making certain decisions. Build a ready made factory rent free for a year to give them a head start. They can give grants & money for every person they employ. They could issue grants which will help with the costs of the business.

Workers: could go on strike.

Banks could influence a business by not lending money to them, making it difficult to function & create any profit.

o Suppliers: The suppliers could stop supplying businesses with stock , they could also increase their selling prices which means the business would have to put their prices up.

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