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Who are specsavers stakeholders?
Specsavers' stakeholders include customers, employees, shareholders, suppliers, and the communities in which they operate. Customers rely on Specsavers for quality optical and hearing services, while employees contribute to the company's operations and culture. Shareholders are interested in the financial performance and growth of the business, and suppliers provide the necessary products and materials. Additionally, local communities are impacted by Specsavers' presence and initiatives, such as eye health awareness programs.
Who are outside stakeholders?
Customers, suppliers, and so on.
Differences between financial and non-financial information?
Financial information is concerned with making money and managing money for the organization. Non-financial information is information about customers, suppliers, etc.
Who are the stakeholders in a business organization?
All those impacted by the success or failure of the business: stockholders, officers, employees, customers, suppliers and joint venture partners. And, to an extend, the general public and their governments.
What are the internal and external environment of commercial bank organisation?
customers and suppliers
Examples of external stakeholders?
External stakeholders are individuals or groups outside of an organization who have an interest or influence in its operations and outcomes. Examples of external stakeholders include customers, suppliers, shareholders, government agencies, non-governmental organizations, and the local community.
Why is it important to be commercially aware?
Commercial awareness is a deeper understanding of a organization by being aware of its customers, competitors and suppliers. It's important because then you understand what the current trends in the industry is for the organization and its suppliers.
What is the importance of supplier to the company?
without suppliers, there is no business.ANSWERTo sustain the business operations of a company or an organization, suppliers are needed to provide the necessary goods and services.
How organ system affect?
Information systems affect organization by creating a better working environment. They provide support for business operations, help with product development, build relationships with customers and suppliers, and help with the business model itself.
What are the variables of a micro environment?
The micro environment consists of factors that directly impact an organization and its ability to serve its customers. Key variables include suppliers, customers, competitors, marketing intermediaries, and public perceptions. These elements interact closely with the organization, influencing its strategies and operations. Understanding these variables is crucial for businesses to effectively adapt and respond to their immediate environment.
Why suppliers are important?
Suppliers provide the primary and ancillary materials, goods and services so that they can be sold to customers or be used to run the business. Thus, it is safe to assume that without suppliers, a business cannot run at all.
What environmental factors affect banking industry?
competitors, customers, techniques of production, suppliers, stock market, raw materials.
What is task environment?
It is a kind of external environment.It is closer to the organization and includes the sectors that conduct day-to-day transactions with the organization and directly influence its basic organization and performance.
What are the 8 publics of an organization?
The eight publics of an organization typically include customers, employees, investors, suppliers, media, government, community, and interest groups. Each of these publics plays a crucial role in shaping the organization's reputation and operations. Understanding their needs and expectations helps organizations effectively communicate and engage with each group. This strategic engagement can enhance relationships and foster mutual benefits.
What is internal and external stakeholder?
someone outside the business who provide or use the services given eg customers, society, governemnt, unions and suppliers.Entities such as customers, suppliers, lenders, or the wider society which influence and are influenced by an organization but are not its 'internal part' x
What are the variables of meso environment?
The variables of the meso environment typically include factors such as competitors, suppliers, customers, regulatory bodies, and strategic partners. These elements directly impact an organization's operations and competitive position within its industry. Understanding and effectively managing these variables are critical for a business to thrive in its market.
What considerations determine implementation of a business management model?
In guiding a unit or the whole organization, business leaders need to consider features of their organization's system as it interacts with and responds to customers, suppliers, competitors, and government agencies.
