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Role of stakeholders in Business Environment

This article discuss about the stakeholders, their role in business organization and how they put their impact on business environment. The businesses have to keep this in mind while doing business that their business will be successful only when there is full support from the stakeholders.

The business organization has different objectives that they need to fulfil while doing business. One of them is to satisfy their stakeholders. They need to satisfy their stakeholders and to fulfil the desire of their stakeholders for which they are linked to this business. There are many business houses which do business with different motives. These motives depend on their objective to be fulfilled. A business has different stakeholders. These many include customers, investors, employees, suppliers, government, etc. There are different market conditions in which the business has to work. These market conditions are very dynamic and deals with a lot of factors like competition, recession, foreign direct investment, supplier relationship, customersArticle Search, etc. in This article is dealing with the business aspects of Sainsbury PLC and how does it do business. It is interesting to know that how Sainsbury PLC satisfies their stakeholders and deal with different market conditions. There are many responsibilities also attached with the businesses which they need to perform. There are many economic systems present in the market and these different economic systems have their own way to allocate the resources. Further there are many laws and policies which also affect the working of an organization. These policies mainly include the monetary and fiscal policies. These policies affect the working of the businesses and play an important role in formulating their strategies accordingly. There are more policies apart from the monetary and fiscal policies like competition policy which also play a major role in this case. The competition policy also play equal role and affect the business strategies. The organizations behaviour totally depends on the market conditions. The pricing and output decision of the organization depends on the market conditions. The market forces are largely responsible for shaping up the responses of the businesses. The business and cultural environment plays a crucial role in shaping up an organization activities. There are global factors also which affect the business activities overseas. The international trade policies affect the business activities outside the borders and have to be considered before doing any activity.

Article Tags: Market Conditions

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