Stakeholders Influencing the Purpose of Apple and British Heart Foundation

Topics: Management, Board of directors, Fiduciary Pages: 5 (1455 words) Published: October 13, 2013
Task 2 is to describe the different stakeholders that influence the purpose of Apple and British Heart Foundation. A stakeholder is a person or group that has an investment, share, or interest in something, as a business or industry. This is not just limited to someone who has purchased stock in a company, which is a shareholder. 

Who are stakeholders for Apple?

Customers want the business to produce quality products at reasonable price. You have different types of customers. There are different types of customers there are loyal ones, young ones, elderly, family or one-time customers.

Suppliers who want the business to continue to buy their products. The supplier wants to make profit.

Employees who want it earn high wages and keep their jobs and have job security.

Owners who are interested about the amount of profit the business makes.

Board of Director is an appointed or elected member of the board of directors of a company who, with other directors, has the responsibility for determining and implementing the company’s policy.

The stakeholders for The British Heart Foundation

Board of trustees is a group of people that are appointed for a non-profit organisation like the British Heart Foundation. The board of trustees is responsible and is appointed as senior management. The entire board is. Liable for the financial responsibility and other consequences of the organisation.

Corporate partners are a partnership between a fundraising organisation and a commercial entity, where the commercial entity provides money, skills or other resources to the fundraising organisation.

Customers want the business to produce quality products at reasonable price. You have different types of customers. There are different types of customers there are loyal ones, young ones, elderly, family or one-time customers.

Employees who want it earn high wages and keep their jobs and have job security.

Why each of these stakeholders are interested in Apple?

The owners are interested in how much profit the business makes, and the dividend the will receive. The owners would be interested in Apple because, they were the founders of the company also want the best for the company. The owners would be interested in the profits that Apple makes.

Customers can influence a business by deciding to continue to purchase goods and services from the organisation. They can choose to take their custom elsewhere.

Suppliers can decide whether to raise prices for orders, which can obviously affect an Apple, profits. Also a supplier's reliability could affect production. If orders do not arrive on time finished goods may not be ready for shipping to customers. Suppliers can also change credit terms, which may have cash flow issues for a company, and they could decide whether or not to allow discounts for bulk orders or loyal customers.

The board of director would be interested in the business because; they may want a salary or a job. A director may want to work with a good company like Apple to manage people and wants to make good decision. The board of directors has the influence to mange their specific department and control what happens to Apple as a business. Directors who manage the day-to-day affairs of a company may decide to make higher sales a top priority rather than profits. The employees can influence the success of an organisation by their productivity and efficiency in the job, duties and tasks they do everyday. They can also resort to industrial action if they disagree with working conditions, pay or company policies. This could take the form of work to rule, bans on overtime, sit-ins or in extreme cases withdrawal of labor. Apple’s objective of Business

Apple’s success is based on creating innovative, high-quality products and services and on demonstrating integrity in every business interaction. Apple’s principles of business conduct define the way we do business worldwide. These principles are:...
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