Needs of Various Stakeholders Essay Example for Free

Needs of Various Stakeholders EssayAs we already discuss slightly the pregnant of the stakeholders. A stakeholder does not exist but makes involve of the organization. The reason why stakeholders are important in strategic analysis is because of they want something from the organization. The demand of different stakeholders may become conflict to each other. For example shareholders of Tesco want maximum returns from the organization whereas the management team may retain profits for vast term investment.Also the employees of tesco want higher payment or simply persist employee during the economy crisis, but the management may with to go through the tall(prenominal) time by cutting posts and costs. Because of the individual needs are various, the conflict exists. And it will change along with times, macro-environment change and organizational changes The government- The government has billet on influence the daily operations of tesco. Now days the government may give more support to the business because of the global economy downturn.Customers- The downhearted 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 continue 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 some(prenominal) years, shareholders will expect more returns from the organization. Employees- Who could be considered as dependent stakeholders.They are willing to retain the same pay level in order to keep employed during the recession period, but when things gets better, the staff will desire to increase their pay and other welfares. Suppliers- The operation of the business is very difficult and complex with the do of globalization. Small changes in the country would have direct and indirect impac t over the business operations. Local community- Local community may wish tesco help improving the quality of local environment. They may wish the organization perform better and give the full satisfaction to the customer.