Examples of external information sources are:
Every company needs employees or staff for operate company.
Employees agree to work for return a wage or salary means money and any compensation. They can do work number of hours with their ability. The employees or staff wants stable employment, good salaries, promotion, bonuses and recognition.
Customers Customers are those people who buy or purchase the products and services produced by companies or business. They are individual and other firms. They want from company good quality products, good customer service, good accessibility, goods and services which are they expect, good value their money.
Supplier A person or a group of people that supplies goods and services to the company. Company gets the resources from supplier because they need to produce the goods. Company should have effective relationship with their supplier to get good quality resources at reasonable price.
Community A community is social group of people who live in specific locality, share beliefs and have a common culture and common life according to rule.
The local community often provides customers or staff to the company. The companies often provide goods and services to the local area. The community wants from company safe and clean environment, ethical activities, opportunities for employment and charitable activities.
Government Government affects to the companies or firm by economic policies means through costs of taxation rules and regulations and interest rates.
Legislation regulates what business can do in which areas because of environment and health safety. Successful companies good for government because they make wealth and employment. The government want from company is that safe and clean environment, employment, payment of taxes, financial success, ethical activities and charitable activities.
Why communication is important?
Communication is transfer of information from sender to receiver under the condition that the receiver understands the message weihrich, koontz, It is not possible to have good relationships without communication. On the other hand, good communication is required not only relationship but for good and successful business.
Firms can benefit from co-operating with stakeholders. Benefits Tesco can expect with stakeholders by communications Better public relations.
Quality relationship with supplier. Better sales and relation with customers. Reduced emphasize of pressure groups on companies activities.
If company wants to understand the customers then the company needs to understand their needs and wants. If company wants to solve some communication problems with stakeholders then company find out win win solution. Win win solution is good way to solve the problems, when you win and other person also win then everybody would be happy.
Finding win win solutions happens through applying three essential steps. Take your negative impacts out of the equation.
Focus on the solution. Explore the context and options. Mission statements Mission statement that describe the purpose of the company.Another type of an internal source of finance for Tesco is fixed assets. Fixed assets are an asset that is not consumer or sold during the normal course of business, these are land, buildings, equipment, machinery, vehicles etc.
Nov 30, · •Examples of internal and external sources of finance •A detailed explanation of the advantages and disadvantages of each source of finance •An explanation of the type of resource each source may be Status: Resolved. Featured. McKinsey Global Institute Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy.
Welcome to Ivey Publishing. Search thousands of business cases, technical notes, and articles by author, title, or theme. Tesco S Source Of Finance Internal and external sources of finance for Tesco Internal sources of finance (Tesco) Retained earnings: A source of finance used by Tesco is retained earnings.
Tesco re-invest a certain percentage of their end of the year profits back into Tesco, so they can improve it. Published: Thu, 18 May Retailing is the concept of making goods and commodities directly available to the customer, making shopping a comfortable and easy business.