Stakeholders Influencing the Purpose of Apple and British Heart Foundation

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.

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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: Honesty. Demonstrate honesty and high ethical standards in all business dealings. Respect. Treat customers, suppliers, employees, and others with respect. Confidentiality. Protect the confidentiality of Apple’s information and the information of our customers, suppliers, and employees. Compliance.

Ensure that business decisions comply with all applicable laws and regulations. The principles that Apple has are to keep good standard of customer service and good quality products. Apple wants to achieve as business honesty, respect with the stakeholders, and protect apples information of customer employees and suppliers. These aims can influence the business to achieve more. The influence of apple as business is to keep their employees and customers happy and satisfied that how, Apple can keep a good reputation.

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. The board of trustees who volunteer their time to help direct their work with the government and the British heart foundation. They oversee their directors who manage the staff across the whole charity.

They are all dedicated to the fight to keep hearts beating. Board of trustees is members of the council and advisory body comprising of up to 30 members. Board of Trustee job is to provide a means of members or associate of the organisation to elect of appoint individuals that will oversee the function of the organisation, ensuring that the core values and purposes of the organisation are reflected in the operation process.

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

They would work with BHF to help the cause also these would improves the companies that are partners with the charity profits. Big companies that work with charities tend to do it to make the company look good. Sometimes big brands have it as one of their objective to help charities such as The British Heart Foundation.

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. The customers would be influence by the British Heart Foundation because, they like to help to donate money to a particular charity or they love to help cause.

The stores that the British Heart Foundation owned most of the profits go toward to the charity so the public would be helping out but, also buying the goods they need for an example: furniture, clothes, electronics appliances etc.

Employees who want it earn high wages and keep their jobs and have job security. The employees work for BHF because, it voluntary but also to have a salary which is paid in 12 equal installments.

The employees of the British heart foundation has different sectors for example Fundraising the aim of the fundraising division is to grow year in year income and protect and grow longer-term legacy income in order to fund our vital work. The retail sector aim is to fund lifesaving work. They are volunteer employees in training and recruitment advisor, retail area manager, and national stock generation manager.

The Aims of British heart foundation

Brave: it takes heroic qualities to fight heart disease. Informed: Our fight is real. We’re always armed with knowledge and seek to know more. This makes the story behind our fight authentic. Compassionate: We take personal interest in the hearts and minds of everyone around us. Driven: We know the need is urgent. Our relentless determination to succeed ensures we use the knowledge we have to make things happen. British heart foundations objective:

To pioneer research into the causes of heart disease and improved methods of prevention, diagnosis and treatment. To provide vital information to help people reduce their heart health risk. To press for government policies those minimize the risk of heart and circulatory disease. To help attain the highest possible standards of care and support
for heart patients.

To reduce the inequalities in levels of heart disease across the UK. The objectives that the British Heart Foundations have are to keep the stakeholders of the organisation driven to the cause of the charity and to be happy with what they are doing for BHF. This can influence the business to keep to their goals. As a business the British heart foundation influence the business by giving the best care and support for the patients and to reduce the level if heart diseases across the UK.