The paper “ Business Continuity for Fishbowl Company” is a fascinating example of the business plan on business. Sainsbury’ s was founded in 1869 and today operates over 1,000 stores, including 440 convenience stores, and employs around 150,000 colleagues. It was started by John James Sainsbury and his wife Mary Ann Sainsbury. Sainsbury has grown tremendously to become ONE of the largest retailers in the UK. The company has put its customers at the heart of everything they do and have invested in stores, colleagues, and channels to deliver the best possible shopping experience.
The identity of the company is defined by strong culture and values which are integral segments of the company’ s success. Notably, the last decade has been so significant in the history of the company. The financial performance of the company has been amazing for the last decade. Stakeholders: The success of this company is greatly accredited to the overwhelming support the company draws from its various stakeholders. These stakeholders have been instrumental in driving the mission of the company. Since this is a publicly-traded company, it is owned by the shareholders.
This is one of the things that have helped meet the financial needs of the company. Apart from the shareholders, the other essential stakeholder of this company is the customer. Customers are the most important stakeholders in any given business. How a business regards its customers determines how successful that business can be. The company’ s revenue has increased by about 6% from 2011 to 2012 and this is mostly credited to the wonderful customer relationships. The other significant stakeholders are the employees of the company. The company boasts of highly motivated, innovative, and hardworking employees responsible for the good performance of the company.
Besides, the other stakeholders are the suppliers and creditors. The directors have the responsibility of overseeing the performance of the company in critical areas. Suppliers: Sainsbury takes pride in the excellent relationship that has been created with its suppliers. The company has close links with both current and potential suppliers as a way of ensuring a continued flow in the required products.
Barnes, J 2001, A Guide to Business Continuity Planning, John Wiley & Sons, New Jersey, p145-156.
Collins, L 2000, Disaster Management and Preparedness, CRC Press, Pennsylvania, p61-69.
Kopp, E 2012, Business Continuity Plan, EK Publications, New York, p34-47.
Pindowski, J 2008, Disaster Management Handbook, CRC Press, Pennsylvania, p72-89.