What are these stakeholders interests in Tesco and how is Tesco responding to these interests.?

Question

Hi every1!
could any1 help me with this question as this is my business assignment.
thanks a lot every1

Answer 1

Real Businesses have only Employees, Shareholders and Customers .

Each of these groups have different interests - Employees want maximum wages for minimum work, Shareholders want maximum profits and Customers want minimum prices.

Plainly all 3 interests conflict and it is the job of the Directors and Management (sub-groups of the Employees) to balance these conflicting interests.

The term 'stakeholder' is a PC (Politically Correct) invention for some-one who has no real justification for being involved = they typically have agendas such as 'no more super stores', 'no GM products', 'no plastic bags' etc. etc.

Most big Companies will have a 'Public Relations Department' who deal with such distractions in order to minimise any bad publicity. This is the correct response to most 'stakeholder' demands.

Sometimes the first 3 groups are combined together with 'stakeholders' and the term 'Stakeholders' used to mean all 4 groups. This is to confuse you into thinking that non-employee, non-shareholder, non-customers have some legitimate reason for making demands on the Company.