mclaren b

Question 1

Identify and justify your choice of the five most important stakeholders in your chosen engineering business.

Answer 1

staff - require McLaren to be successful to earn a living
government - via tax when McLaren make profit
investors - invest money for a return in dividance and high return on initial investment
part suppliers
car dealers

Question 2

Analyse the impact that the current European and world sanctions on Russia has had and might have upon your company in the future?

Answer 2

energy prices rising, meaning cost for production will increase. this can result in a decrease in revenue or increase in retail value of the vhecile

unable to sell in russia to due sanctions, resulting in loss of market share and reveune.

if war continues then mclaren dealerships in Russia maybe permanently closed with no business occurring.

Question 3

analyze the impact of covid on your company

Answer 3

mclaren has cut 1200 jobs due to reduction in car sales