Needs of Various Stakeholders Essay

As we already discuss about the all important(predicate) of the stakeholders. A stakeholder does not exist but makes implore of the organization. The reason why stakeholders are important in strategic analysis is because of they necessity something from the organization. The expect of different stakeholders whitethorn become conflict to each other. For example shareholders of Tesco want maximum returns from the organization whereas the management team may retain clams for long term investment.Also the employees of tesco want higher payment or simply funding employee during the economy crisis, but the management may with to go through the difficult time by cutting posts and costs. Because of the individual of necessity are various, the conflict exists. And it lead change along with times, macro-environment change and organizational changes The government- The government has power on influence the daily trading operations of tesco. Now days the government may give more book t o the business because of the global economy downturn.Customers- The small change of social communications behaviors and the innovation of high promotion may lead more demand on the services and products provided by tesco. This is very important power for the tesco to relate developing to satisfy the customer. Shareholders- Shareholders may have the less expectation on returns during the crisis in the stock market. However, when the economy blooms again, say after several years, shareholders will expect more returns from the organization. Employees- Who could be considered as dependent stakeholders.They are unforced to retain the same pay level in order to keep employed during the recession period, but when things gets better, the staff will wish to extend their pay and other welfares. Suppliers- The operation of the business is very difficult and interlocking with the effects of globalization. Small changes in the country would have direct and corroboratory impact over the bus iness operations. Local alliance- Local community may wish tesco help improving the quality of local environment. They may wish the organization perform better and give the full ecstasy to the customer.