Stakeholders and their role in(selected organisation) Essay

Stakeholders and their role in(selected organisation) - Essay ExampleTesco is highly performance driven company and this is reflected in their great(p) financial performance with a reported increase of over 15% growth in its revenue reaching 34 billion in division 2005 and a widely publicised operating profit of 2 billion.Organisations differ in their separate aims and this can be noted by contrasting the key aims of Tesco Plc. with another organisation. Hilton Group Plc is a widely diversified UK based multinational. Its operations include Hilton & Scandic Hotels, LivingWell Fitness Centers and the Landbrokes & Vernon betting & gaming operations. In contrast to Tesco Plc., the Hilton Group Plc. is a widely diversified operation with several core operations instead of the single core operation of Tesco, which is retailing. Hilton Group Plc.s key aims are split across its three core business areas and includesComparing the two companys key aims, it can be seen that depending on different industry conditions as well as company structures and operations, their key objectives will vary. If the industry outlook is bright and offer high potential for growth as in the fiber of retailing, then the firm may have key aims of aggressive expansion and market share increasing. However if market outlook is dull with sluggish growth conditions as in the current case of hotel and leisure industry, then key aim will be to consolidate and sustain while divesting some of the inconstant operations.In conducting its operations, companies cater to the needs of many stakeholder groups. An organisations Stakeholders are persons, groups or institutions with an interest on the companys operations and are affected by its operations. These key stakeholders include company, suppliers, competitors, marketing intermediaries and the Publics (Armstrong & Kotler 2000).The company comprises of its shareholders, employees as well as the top management. Objectives of these stakeholders