THE STAKEHOLDERS IN A BUSINESS
Stakeholders are people that are involved in
the business by interest or concern. They are
people that can be affected by the decisions
of a business and who can help the business
either succeed or fail.
The stakeholders of two companies may
Model
s
Three of the main stakeholders for Boohoo are; Suppliers,
els
if the company didn’t have suppliers they would not be
able to get the goods they sell. The suppliers are interested
and concerned about the business as if the clothes they
supply arent selling Boohoo could potentially change
supplier or loose a lot of money meaning they arent able to
pay the suppliers as they aren’t getting a very high profit,
meaning the suppliers will then struggle as they aren’t
receiving money. The suppliers have some control over
the business as they provide the actual goods to be sold.
If it was not for the suppliers Boohoo wouldn’t be able to
receive the products they sell meaning, with no stock the
company couldn’t get anywhere.
Shareholders, the shareholders are concerned in the
business’ success as they are receiving some of the money
made as they are part of the business. As shareholders put
money into the business by buying the shares it helps
Boohoo move forward as they are gaining money to use
for other things involved in the business. The shareholder
has control as they are putting money into the business
when they don’t actually have to, meaning they could pull
out at any time and the company could loose interest and
money.
Customers, as a customer of Boohoo you expect to receive
the services provided as they are the people provding the
money into the business, if customer’s arent satisfied with
Boohoo they probably won’t shop there again, meaning a
loss of money and consistent custom. Overall the
customer has most control on the business as they are the
people who put most money into Boohoo from buying
their products, but if they are unsatisfied they have the
Business Environment
simple choice to just not shop again!
differ due to what they are delivering or the
type of business they are.
Boohoo
Web- designers, Photograhers and
Models are the 3 online stakeholders
for Boohoo. Without these there
would be no website (which is
Boohoo’s only use of commerce!)
There would be no models to show off
the clothes and there would be no
pictures of what you’re buying which
is why these are vital within the
business!
John Lewis
Fitting room staff, Area managers and
shop assistants are vital for John
Lewis’ success. Without fitting room
staff it would allow a lot of customers
to potentially steal items, which could
lose profit for the business. Without
area managers shops would not be
organsied or suit the right
demographic in that area. Finally
without shop assistants there would
be no help available on the shop floor,
P2
putting customers off of the store.