Analyse and synthesise the fundamentals of business

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Reference no: EM132355847

This assessments addresses the following Subject

Learning Outcomes:
c) Analyse and synthesise the fundamentals of business in the contemporary environment.
d) Construct and Justify a professional value proposition as a business practitioner

Context:
Business stakeholder analysis is a technique for identifying stakeholders and analysing their roles. The aim of the analysis is to map out the stakeholders' level of influence and degree of interest with regards to the business. Stakeholder analysis can also be used to assess the relationships between different stakeholders and the issues they care about most.

Internal stakeholders are individuals or groups who are directly involved in the business, such as owners, board members, managers, employees, and investors. External stakeholders are indirectly influenced by the business activities, like customers, suppliers, competitors, society and government.

By understanding both perspectives, the business can engage and enhance communication with relevant stakeholders, reduce or prevent risks, identify business opportunities, improve internal stakeholders' commitment in the business and the reputation of the business amongst external stakeholders.

Instructions:

In this assessment, you will examine a business in an industry that you have either previously worked in or would like to in the future. Leading up to the assessment submission, you must participate in the Assessment 2 weekly discussions in the Discussion Forums on Blackboard. You will locate this discussion forum in the Assessment Area of blackboard. Weekly contributions are required in Modules 2-4.

Please Remember your contributions to the discussion topics are one of the assessment attributes.

Presenting a business example and contributing to the discussion forum, you will:

• identify and analyse functional areas in the business
• identify and analyse the internal and external stakeholders
• compare two industries with each other
• create a stakeholder matrix
• discuss chosen stakeholders and industries in the context of relevant theories and frameworks

Suggested format
Your individual stakeholder analysis should follow standard report structure and include the following:
• Cover page
• Executive Summary
o A concise summary of the main report in bullet points
• Introduction and background information on your business example
• Main body
o Identify functional areas
o Identify internal and external stakeholders and their roles
o Identify the nature and degree of main stakeholders' interests, and implications of conflicting interests
o Identify the level of main stakeholders' influence
o Create a stakeholder matrix
o In the discussion forum, choose an example from your peers and compare the industry your business operates in with their industry, identify the main points of stakeholder dissimilarities and analyse the differences in stakeholder interests and influences
• Conclusion
• References
• Appendices (if necessary)
Support your observations and statements by incorporating links to theory and conceptual frameworks. Please ensure your sources are referenced clearly in the APA 6th style both in-text and in the reference list.

Attachment:- Internal and External Stakeholder Analysis.rar

Verified Expert

The assignment has been concentrated upon the stakeholder management policy of the company Rio Tinto. In this respect, the identification of the key stakeholders, their roles and interest and conflicts have been identified along with the background operations done by the company. the stakeholder matrix have been suggested in this respect in order to portray the impact and influence done by the stakeholders and the engagement strategies made by the company. At the end of the assignment, a fair comparison have been made with the peer competitor of the company on the basis of their stakeholder management policies.

Reference no: EM132355847

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Reviews

len2355847

8/10/2019 5:42:08 AM

Correct citation of key resources and evidence Percentage for this criterion 10% Demonstrates inconsistent use of good quality, credible and relevant resources to support and develop ideas. Demonstrates use of credible and relevant resources to support and develop ideas, but these are not always explicit or well developed. Demonstrates use of high quality, credible and relevant resources to support and develop ideas. Demonstrates use of good quality, credible and relevant resources to support and develop arguments and statements. Shows evidence of wide scope within the organisation for sourcing evidence Demonstrates use of high-quality, credible and relevant resources to support and develop arguments and position statements. Shows evidence of wide scope within and without the organisation for sourcing evidence

len2355847

8/10/2019 5:42:01 AM

Effective Communication Well-structured report with a clear line of reasoning Percentage for this criterion 20% Expertly presented; the presentation is logical, persuasive, and well supported by evidence, demonstrating a clear flow of ideas and arguments.Engages and sustains audience’s interest in the topic, demonstrates high levels of insight and analytical skills.

len2355847

8/10/2019 5:41:46 AM

Analysis and application with synthesis of new knowledge Demonstrates a clear understanding of the practical applications and implications of relevant concepts Percentage for this criterion 30% Highly sophisticated and creative analysis, synthesis of new with existing knowledge. Strong application by way of pretested models and/or independently developed models. Recommendations are clearly justified based on the analysis/synthesis. Applying knowledge to new situations/other cases.

len2355847

8/10/2019 5:41:32 AM

Contribution to the discussion forum Percentage for this criterion 10% Entries show insight, depth and understanding. The content of posts is connected with events, topic or activity, and are supported by evidence and examples. Entries are relevant with links to supporting material.

len2355847

8/10/2019 5:41:19 AM

Assessment Attributes Knowledge and understanding Understands theory and concepts Percentage for this criterion 30% High Distinction (Exceptional) 85-100% A sophisticated understanding of the theory. Systematically and critically discriminates between assertion of personal opinion and information substantiated by robust evidence from the research/course materials and extended reading. Mastery of concepts and application to new situations/further learning.

len2355847

8/10/2019 5:41:08 AM

Submit your Assessment 2 Internal and External Stakeholder Analysis in the submission link in the main navigation menu in MGT501 Business Environment by the end of Module 5.2 (week 10). A rubric will be attached to the assessment. The Learning Facilitator will provide feedback via the Grade Centre in the LMS portal. Feedback can be viewed in My Grades. Marking Rubric: Your reports will be marked against the rubric, which is shown on the next pages. Please ensure that your submission addresses all five of the Assessment Attributes in the rubric.

len2355847

8/10/2019 5:40:58 AM

Submission By 11:59pm AEST/AEDT Friday of Module 5.2 (week 10) Weighting 50% Your individual stakeholder analysis should follow standard report structure and include the following: • Cover page • Executive Summary o A concise summary of the main report in bullet points • Introduction and background information on your business example • Main body o Identify functional areas o Identify internal and external stakeholders and their roles o Identify the nature and degree of main stakeholders’ interests, and implications of conflicting interests o Identify the level of main stakeholders’ influence o Create a stakeholder matrix o In the discussion forum, choose an example from your peers and compare the industry your business operates in with their industry, identify the main points of stakeholder dissimilarities and analyse the differences in stakeholder interests and influences • Conclusion • References • Appendices (if necessary)

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