MGT501_ Assessment 2_Internal and External Stakeholder Analysis Page 1 of 6 ASSESSMENT 2 BRIEF Subject Code and Title MGT501 Business Environment Assessment Internal and External Stakeholder Analysis...

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MGT501_ Assessment 2_Internal and External Stakeholder Analysis Page 1 of 6 ASSESSMENT 2 BRIEF Subject Code and Title MGT501 Business Environment Assessment Internal and External Stakeholder Analysis Individual/Group Individual Length 2,500 words Learning Outcomes 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 Submission 12 Week Delivery: By 11:59pm AEST/AEDT Friday of Module 5.2 (week 10) Intensive Class: Due By 11:59pm AEST/AEDT Friday of Module 5 (week 5) Weighting 50% Total Marks 50 marks 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 MGT501_ Assessment 2_Internal and External Stakeholder Analysis Page 2 of 6 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. (LMS please create an Assessment 2 Discussion Forum separately in the Assessment area of blackboard as students are required to participate in this to complete the assessment) 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. Referencing: It is essential that you use the appropriate APA style for citing and referencing research. Please see more information on referencing here MGT501_ Assessment 2_Internal and External Stakeholder Analysis Page 3 of 6 http://library.laureate.net.au/research_skills/referencing Tips to get started: PESTLE is a good tool to use to help you identify all stakeholders. By considering political, economic, social, technological, legal and environmental/ethical factors and how they relate to the business, it’s easy to identify stakeholders. Submission Instructions: 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). Intensive Class: Due By 11:59pm AEST/AEDT Sunday of Module 5 (week 5) 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. http://library.laureate.net.au/research_skills/referencing MGT501_ Assessment 2_ Internal and External Stakeholder Analysis Page 4 of 6 Learning Rubric: Assessment 2 Internal and External Stakeholder Analysis Assessment Attributes Fail (Unacceptable) 0-49% Pass (Functional) 50-64% Credit (Proficient) 65-74% Distinction (Advanced) 75 -84% High Distinction (Exceptional) 85-100% Knowledge and understanding Understands theory and concepts Percentage for this criterion 30% Limited understanding of required concepts and knowledge. Key components of the assignment are not addressed. Knowledge or understanding of the concepts and theory. Resembles a recall or summary of key ideas. Often confuses assertion of personal opinion with information substantiated by evidence from the research/course materials. Thorough knowledge or understanding of the concepts and theory. Supports personal opinion and information substantiated by evidence from the research/course materials. Demonstrates a capacity to explain and apply relevant concepts. Highly developed understanding of the concepts and theory. Discriminates between assertion of personal opinion and information substantiated by robust evidence from the research/course materials and extended reading. Well demonstrated capacity to explain and apply relevant concepts. 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. Contribution to the discussion forum Percentage for this criterion 10% Never or rarely posted messages with very little or occasional activity. Simple entries lack insight, depth or are superficial. The entries are short and are frequently irrelevant to the events. Entries show some insight, depth and are connected with events, topic or activity. Entries are typically short and may contain some irrelevant material. Entries show insight and depth. The content of posts is connected with events, topic or activity. Entries show insight, depth and understanding. The content of posts is connected with events, topic or activity, and are MGT501_ Assessment 2_ Internal and External Stakeholder Analysis Page 5 of 6 They do not express opinion clearly and show little understanding. There are some personal comments or opinions which may be on task. These entries may contain some irrelevant material but are for the most part on task. supported by evidence and examples. Entries are relevant with links to supporting material. 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% Limited synthesis and analysis. Limited application based upon analysis. Demonstrated analysis and synthesis of new knowledge with application. Shows the ability to interpret relevant information and literature. Well-developed analysis and synthesis with application of recommendations linked to analysis/synthesis. Thoroughly developed and creative analysis and synthesis with application of pretested models and/or independently developed models and justified recommendations linked to analysis/synthesis. 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. Effective Communication Well-structured report with a clear line of reasoning Difficult to understand for audience, no logical/clear structure, poor flow of ideas, argument lacks supporting evidence. Audience cannot follow the line of reasoning. Information, arguments and evidence are presented in a way that is not always clear and logical. Line of reasoning is often difficult to follow. Information, arguments and evidence are well presented, mostly clear flow of ideas and arguments. Line of reasoning is easy to follow. Information, arguments and evidence are very well presented; the presentation is logical, clear and well supported by evidence. Demonstrates analytical skills. Expertly
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Answered Same DayAug 15, 2021MGT501Charles Sturt University

Answer To: MGT501_ Assessment 2_Internal and External Stakeholder Analysis Page 1 of 6 ASSESSMENT 2 BRIEF...

Parul answered on Aug 16 2021
144 Votes
Stakeholder analysis of 7-Eleven
Stakeholder analysis of 7-Eleven
Executive Summary
A partner also referred as partner is an individual who has an enthusiasm for the organization, IT administration or its ventures. They can be the workers of the organization, providers, merchants or any accomplice. They all have an enthusiasm for the association. Partners can likewise be a financial specialist in the organization and their activities decide the result of the organization. Such partner assumes a significant job in characterizing the eventual fate of the organization just as its everyday operations.
Greater part of time, achievement of an association relies more upon partners and various stakeholders than completing on schedule, financial plan, and extension. Partners of an association are people those are effectively engaged with the task, or whose interests might be influenced because of association and execution of its exercises. Partners are each one of the individuals who should be considered in accomplishing venture objectives and whose cooperation and backing are urgent to its prosperity. Partner recognizable proof and partner investigation are significant exercises of the venture chief to guarantee venture success. By the virtue of this assignment, I am able to comprehend the organisation 7-Eleven where I have worked before much better since I got the opportunity to analyse it from a different light. Furthermore, in the report you will find the detailed analysis of different stakeholders that play a critical role in the organisation.
Stakeholder contributes the equity and endorsement is the same amount of about correspondence, training, and perceivability all things considered about key arrangement (Gross, D., 2018). Partners must have the option to rapidly and effectively comprehend where another undertaking or venture fits into the bigger business picture. A partner examination permits you to outline and build up the proper degree of correspondence with your partners comparative with their impact and enthusiasm for your task. An insightful partner investigation will prime you for the backing you require or set you up for the restriction you envision.
Contents
Executive Summary    1
Introduction    4
Stakeholder Analysis of 7 Eleven    5
External stakeholders in 7 Eleven:    7
Internal Stakeholders in 7 Eleven:    8
Analysis of Business of 7-Eleven    9
Conflicting Interest of Different Stakeholders of 7-Eleven    10
Conclusion    12
References    13
Introduction
7-Eleven Inc. is an American universal chain of accommodation stores, headquartered in Dallas, Texas. The chain was established in 1927 as an ice house customer facing facade in Dallas. It was named Tote'm Stores somewhere in the range of 1928 and 1946. After 70% of the organization was procured by Japanese member Ito-Yokado in 1991, it was rearranged as an auxiliary of Seven-Eleven Japan Co., Ltd in 2005, and is currently held by Chiyoda, Tokyo-based Seven and I Holdings Co., Ltd. 7-Eleven works, establishments, and licenses 71,100 stores in 17 nations starting at July 2020.
7- Eleven has more than 700+ convenience stores across different states of Australia (VIC, NSW, WA, ACT). Later 7 Eleven in Australia came into a binding agreement with Mobil Oil Australia PTY LTD to acquire its retail fuel business which gave a massive and determined expansion of retail businesses.
The 7 Eleven chain function as a franchised business, where the 7 eleven itself finds the location and do the market study to find the appropriate location. 7 Eleven store is a cynosure for all the lives residing in the area because of the best products and deals. The Mobil sites was converted into 7 Eleven stores later gave the chance for franchisees which gave a supply chain efficiencies and greater buying and marketing power for 7-Eleven. The first 7 Eleven store in Australia was opened in Oakleigh, Victoria. Most of the stores opened in the main Central Business District areas. The stores in suburbs were opened with petrol stations.
Mission of the Organisation - At 7-Eleven, we are on a mission to make life a little easier for our guests
Vision of the Organisation - Vision of the company is be the Best Retailer of Convenience
The main selling point of 7 eleven is Coffee, 7 Eleven is the coffee break for most of the lives in Aussies. While a coffee break, they even fill petrol as they offer a good deal. 7 Eleven also distributes basic essential food like bread, milk, and egg. Everyday 7 Eleven brings offers which give our clients to make every visit an exciting. As a one-dollar coffee makes a tremendous charge over all during winter, Slurpee is other selling point during Summer. 7 Eleven also developed the application where the customer gets instant offers and deals like lock-in price for petrol, gets coupon for a free coffee for a drive as well. The 7 Eleven growth is determined by its tagline “Give the customers what they want, when and where they want it.”.
Stakeholder Analysis of 7 Eleven
Analysis of different stakeholders and their contributions in the organisation is critical to comprehend the priority and curate the actions of business accordingly. In other words, Stakeholder analysis is a piece of investigation of the executives and a significant procedure for partner recognizable proof and the examination of their needs. Evaluation and examination of stakeholder is a significant piece of partner the board. There are many framework and tool that is utilized in numerous situations and fields. As a rule, while breaking down an issue or circumstance, a partner investigation comprises of gauging and adjusting all the opposing needs of everybody professing to be included. The specific strategy may contrast per circumstance. A partner examination is led in a wide range of circumstances: from venture the executives to budgetary administration, and from emergency or calamity circumstances to significant changes that are being actualized inside associations. Stakeholder is a wide term and various individuals are seen as partners in various circumstances and settings. Partners of an association could incorporate representatives, clients, providers and substantially more. These are only a couple of gatherings of partners. In a crash, for example, there could be different partners or included gatherings, for example, the drivers, spectators or proprietors.
It is utilized to distinguish every single key partner, who have a personal stake in the issues with which the undertaking is concerned. Essential partners are the individuals who are most influenced either decidedly or adversely by the task. Optional partners are those in a roundabout way influenced. There can be tertiary partners, who are affected the least. The point of the partner investigation...
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