Hello, I am looking for someone to write an article on Stakeholders of Marks and Spencer. It needs to be at least 1750 words. Center of discussion in this paper is the company that has a global reputation in fashion. It has many stakeholders who have helped build a global reputation. The contribution of stakeholders to the welfare of the company is very crucial. The company strives to maintain a high level and effective communication with its stakeholders. Marks and Spencer has both internal and external stakeholders. Internal stakeholders include the staff, management, owners, and shareholders. Staff and management devote time working for the company in order to earn a source of livelihood. Approximately, the company has 78000 workers. On the other hand, owners stand as internal stakeholders because the company’s profits are a source of income to them. Shareholders provide the company with capital of expansion while anticipating an increased a higher value of their shares as the company continues to make profits. On the other hand, it has stakeholders from the external front who include customers, suppliers, competitors or substitutes and the public. The customers play a very crucial role as stakeholders. They buy the company’s products to derive a form of utility from them and through this way, the company’s sales increase. Suppliers form the other category of external stakeholders of the company. Through the sale of goods to the company, they gain profits while the company utilizes the supplies in its business. The public forms a larger category of stakeholders because the company’s products create an impact on the welfare of the society.
Hi there! Click one of our representatives below and we will get back to you as soon as possible.