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Aldi and Their Stakeholders

In: Business and Management

Submitted By afrazaskeen
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Definition of Stakeholders
Stakeholders can be a person, group or organization that has interest or concern in an company/business.Stakeholders can affect or be affected by the company's actions, objectives and policies. Some examples of key stakeholders are creditors, directors, employees, government owners, suppliers, unions, and the community from which the business draws its resources. A company's customers are entitled to fair trading practices but they are not entitled to the same consideration as the company's employees.
An example of a negative impact on stakeholders is when a company needs to cut costs and plans a round of layoffs. This negatively affects the community of workers in the area and therefore the local economy. Someone owning shares in a business such as Aldi are positively affected, for example, when the company releases new products and sees their profit and therefore stock price rise.

Aldi
Aldi are a German supermarket market chain. Aldi are famous for the quality and value of there products, and from the number of awards they have won, it seems the public agree, They have won the prestigious Grocer of the Year 2013 Award, won a total of eight gold and ten silver award wins at the Grocer Own Label Awards 2014 and eleven awards at the International Spirits Challenge 2014, including a gold award for our Oliver Cromwell London Dry Gin. Aldi use a lot of different types of stakeholders, I am going to talk about those.

Customers
Customers is a big part of stakeholder for Aldi, customers provide money for the company to keep running. Without the money from people shopping and buying their products Aldi would not be in business. Customers buy goods and the money people spend provide profits for the company which is then used to buy new products, pay staffs wages and give the company a profit.

Employes
Employees are primarily

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