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Why Is It Important To Btec Business Level 3 Unit 1 D1

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Task 6 Evaluate the influence different stakeholders exert in one organisation. In this task, I’ll be evaluating how the different stakeholders will influence Sainsbury’s. Within Sainsbury’s it has many stakeholder which includes customers, employees, shareholders, suppliers, competitors, governments, trade union and local and national communities. Also, from the list I’ve made above this lead me to ranking each stakeholders from 1 to 8 and their importance to the business. Furthermore, I believe the most influential stakeholders will be customers and employees to the business whereas the least influential will be trade union and local and national communities as these stakeholders might be the least influence but they’ll still have importance …show more content…

The way that they’ve achieved this aim and objective by improving or re-launching new foods over 7,000 lines as this is showing they want to improve the quality of the food and even by re-launching it. In addition, from the improvements of their food it has made their brand increase in sales this shows as they’re had an improvement in their food and the customers have liked this therefore, the business has had an increase in …show more content…

Competitors might to be concerns for businesses however competitors are important as it will show the strengths and weakness of a business and it will drive businesses to become better than others within a market. The competitors will influences the key customers to the business as they’ll be different businesses offering the similarly goods and services to your business within the market from this is will show which customers who are the most loyal to the business and these are the type of the customers that the business need to look out for because these customers will make the business

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A Stakeholder is any individual who has a vested interest in a business and is affected by the organisations decisions and strategies (Pride, Hughes & Kapoor 2015, p. 10). Therefore, the people most affected by Graeter’s decisions to take a long term view of the business rather than aim for short term profits are the family members who have a stake in the business. At the present, Richard Graeter II (CEO), Robert Graeter (vice president of operations) and Chip Graeter (vice president of retail operations) manage the business and are responsible for all the decisions regarding its operations. Graeter’s management team have chosen to forgo the opportunity for short term profits by adhering to the traditional manufacturing process used by Louis

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In this scenario, I have been loaned to the non-profit, and the current make up of the non-profit consists of programmers and graphic artists, but the programmers outnumber the graphic artists. There are also a small amount of performance practitioners in the W4 mix. Their desire is to rebrand their organization as HPT practitioners, which are human performance technology practitioners. Programmers and artists are very visual people and they work with design on an intricate level. The programmers have designed complex systems, and the artists create various designs that are used for the nonprofit's advancement, within their advertising and in other areas as needed.

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Three Features from Unit One As I have read though and study Unit one, I have learned a lot. It is amazing how you can use Microsoft word everyday but there are still a lot of feature that you don’t know about. I always mention Op’s plan in my writing in the unit but that is where I use Microsoft word document the most. Therefore, the three feature that I find most useful that I apply to my everyday life is the coping, cutting, and pasting text feature (Wiley, 2014). This feature allows me to move repetitive text around very quickly from document to document making Op’s plan quicker to compose.

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1456 Words | 6 Pages

In this assignment I will be explaining how the results of measuring and managing performance inform employee development within the business Kellogg’s. Staff within the business can be encouraged to carry out better work and meet their targets in different ways some of which I will explain below. I will be looking at three different roles within the business and analyse how the business manages and measures their performance. The first employee’s performance I will be looking at within the business Kelloggs is a cleaner.

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Unit three covered the newsletter and the PowerPoint describing how we put together our newsletter and our design choices. I think putting together a newsletter is something that will greatly help us when we enter the job world. Companies use newsletter to get out information about their company and what projects they are working on. This unit gave us the tools to create a visually appealing newsletter and text that catches reader’s attention. Incorporating colors associated with the company relates the newsletter back to it.

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INTRODUCTION J. SAINSBURY’S is a leading retail supermarket founded by John James Sainsbury in 1869 which today became largest chain of supermarkets and operates over 1200 supermarkets across united kingdom .The purpose of this report is to identify strategy of Sainsbury’s for achieving competitive advantage, its environmental factors and strategic recommendations. TASK 1 FAR ENVIRONMENTAL FACTORS AFFECTING SAINSBURY’S FIGURE 1.1 POLITICAL - Sainsbury’s performance will be greatly affected by the political factors of United Kingdom. As the government and consumer debts being very high presently there, as a result it impacts greatly on attitudes of customers due to

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Enabling Stakeholders Groupon shareholders Board of directors elected officials investors Functional Stakeholders Employees Suppliers Customers Ad editorials Normative Stakeholders Competitors (e.g, Living Social & BuyWithMe). Diffused Stakeholders Specialist bloggers News/media organisations

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Both the stakeholder model and shareholder primacy provide views into the important question as to whose interests businesses should act in. When the interests of shareholders and that of a different stakeholder group are in conflict it is imperative for the business to know where they stand surrounding the issue of which group’s interests they should support. This essay presents the reasons behind taking a position in favour of the stakeholder model and argues that acting in the interests of the group which has the most merit surrounding the conflict, as this model suggests, is most appropriate. This is done by critically evaluating the arguments for shareholder primacy that state that by prioritising shareholders’ interests will ultimately benefit everyone and the argument that claims that shareholders are the owners of the business and their interests should thus be favoured. It also presents and critiques the argument in favour of the stakeholder model that claims that contributions are made by all stakeholders and therefore businesses should act in everyone’s interest.

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853-886). Since a stake can be defined as “something of value, some form of capital – human, physical or financial – that is (placed) at risk, either voluntarily or involuntarily” (Clarkson, 1998, p. 2), organisational stakeholders can be understood as “individuals or groups who incur and/or impose risk in their relationships with the organisation.” (Vidaver-Cohen, 2007, pp. 278-304). The stakeholder groups that can both incur and impose risk, cannot only

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They’ve also refined the goal to reflect their commitment as to make the life of the customers easier by offering great quality and by serving at fair prices to meet the needs

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Successful companies such as Diageo affect more and more people as their success grows. The more people they affect leads to a bigger impact that their actions have especially over people that have influence over their projects such as their customers and suppliers (Mindtools, 2015). Stakeholder Analysis’ are used to ensure that all the key stakeholders are happy and supportive in order to help you succeed (Mindtools, 2015). There are three main steps in preparing a Stakeholder Analysis.

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Truworths identified three primary stakeholders namely, shareholders, customers and employees. The reasoning for engagement with these stakeholders were established in the following manner shareholders are the main provider of financial capital, customers are the source of income as they purchase products whilst employees provide their skill and

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1. INTRODUCTION Stakeholder activism is a way which stakeholders can influence a corporation’s behaviour by exercising their rights as stakeholders (Chiu, 2010:1). In this process activists present threats to the organisation, but they also provide opportunities for the organisation to manage their communication in a strategic way. These groups often co-work with the government to affect internal operations as the government is seen as a pathway through the resolution of these problems. Activist groups also seek out ways to influence and change certain conditions through means that range from education to violence.

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3804 Words | 16 Pages

1. BUSINESS OVERVIEW 1.1 Mission The mission is to provide a unique and relaxing dining experience – similar to dining at home. The owners will strive to achieve this goal by providing menu offers that incorporate quality ingredients at reasonable prices and in the same time look Coinciding with the family values of the restaurant, the aim is to treat both customers and staff in a respectful manner.

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The stakeholders of this company are its shareholders; subsidiary companies; employees; various governments; and communities within which it operates. 3. What positive

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