Summary P2 Describe the different stakeholders who influence the purpose of two contrasting businesses

Stakeholders P2 -Describe the different stakeholders who influence the purpose of two contrasting businesses. In this task I will describe different types of stakeholders in two different types of businesses. I will describe the different stakeholders who influence the purpose of two contrasting businesses; Oxfam and Gurkha Connection. `What are Stakeholders? Stakeholders are groups of people who are interested in the performance of a business. The individual, groups or organisations will be affected by the activity of the business. The stakeholders can also influence activities either good way or bad way. The stakeholders can affect the business efficiency, increase or decrease of sales, or help the business reach its aims and objectives. There are internal and external stakeholders in every business. Examples of external stakeholders are:  Customers  Local and national communities  Government  Suppliers Examples of internal stakeholders are:  Staffs/employees  Owners  Trustees  Managers The difference between them is that internal stakeholders are directly involved in the activity whereas the external aren’t. Oxfam’s purpose: “Our purpose is to help create lasting solutions to the injustice of poverty. We are part of a global movement for change, empowering people to create a future that is secure, just, and free from poverty” This study source was downloaded by from CourseH on :11:00 GMT -05:00 This study resource was shared via CourseH Oxfam The Stakeholders of Oxfam are:  The customers  Staffs/employees  Government  Donators/supporters  Trustees  receivers  Suppliers Customers The influence of the customers is that they will help raise money from the donated items which is used for helping fund activities or programs that help fulfil their purpose, and to keep the business on going. The customers in Oxfam come to the shops to by items such as clothes, books, toys etc. They look to buy high quality products that are less than the retail price e.g. if the retail price for a shirt is £40 in Oxfam it would be £15. They also look for good service and a good variety because Oxfam would need to complete with other businesses in order to gain customers. The customers could also be a donator of the shop