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Btec Business Level 3 Unit 1 M1

491 Words2 Pages
M1.

Communication with stakeholders is an essential.To improve business company needs to communicate properly with it is internal stakeholders(employees) and external(customers).

Harrods giving special value to it is stakeholders.Harrods communicate with it is internal stakeholder by using online network so internal stakeholders can get information about changes, news.It is a good way to communicate with internal stakeholders but might be some internal stakeholders don't have access to the online network(website).So they might not get information but the advantage is internal stakeholder can get faster information.The second communication method is “Internal Magazine” this is the best way to engage with internal stakeholders also Harrods

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