This assignment is on Internal and External analysis of Stakeholders and the organization would be...

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This assignment is on Internal and External analysis of Stakeholders and the organization would be "SAMSUNG ELECTRONICS". Please follow the instructions given in below attachment carefully because this assignment solely carries 50% weight. My Professor suggested to use at least 50 references so please use 50 references for sure otherwise it would attract negative marks. Also, don't forget to use In-text citations in each paragraph

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 By 11:59pm AEST/AEDT Friday of Module 5.2 (week 10) 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 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. MGT501_ Assessment 2_Internal and External Stakeholder Analysis Page 2 of 6 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. Referencing: It is essential that you use the appropriate APA style for citing and referencing research. Please see more information on referencing here http://library.laureate.net.au/research_skills/referencing Tips to get started: http://library.laureate.net.au/research_skills/referencing MGT501_ Assessment 2_Internal and External Stakeholder Analysis Page 3 of 6 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). 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. 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 presented; the presentation is logical, persuasive, and well supported by evidence, demonstrating a clear flow of ideas and arguments. MGT501_ Assessment 2_ Internal and External Stakeholder Analysis Page 6 of 6

mgt501-assessment-2-final-ssaacq00.pdf

Karan · Accepted Answer

Internal and External Stakeholder Analysis
Table of Contents
Introduction	3
Main body	3
Functional areas	3
Internal and external stakeholders and their roles	4
Nature and degree of main stakeholders’ interests, and implications of conflicting interests	5
Level of main stakeholders’ influence	6
Create a stakeholder matrix	7
Main points of stakeholder dissimilarities and analyze the differences in stakeholder interests and influences	8
Conclusion	9
References	10
Introduction 
In order to sustain in the competitive business scenario, it is essential to identify the factors that affect the business operations directly or indirectly (Eskerod & Jepsen, 2016). There are various external and internal factors that create an impact on the business practices including decision making of the company. 
The present study is concerned with the external as well as internal analysis of stakeholders of the organization, i.e. Samsung electronics. This is a South Korean multinational electronics company headquartered in Suwon and founded in 1969 (Samsung, 2019).The study outlines the analysis of the internal stakeholders and external stakeholders that creates an impact on the business functioning of the chosen company. 
Main body
Functional areas 
There are various functional areas of a business enterprise that supports the smooth conduction of business practices. Similarly, the functional areas of Samsung electronics include human resource management, production management, financial management, and marketing management. Human resource is the department of the company that is indulged in the management of people (Cuppen, 2016). It includes activities such as recruitment, selection, training, and development, etc., of the human resource. The human resource department, at first, identifies the need for the requirements of the candidates within the organization for various job roles. As per the job specification and description, the candidates are invited for further processing such as some tests and interviews. A candidate who fits for the job and the profile is selected and becomes the part of the Samsung electronics. Furthermore, the human resource department of the company is also responsible for the training of the individual and also managing them. The key objective of this department of the company is to enhance the team spirit among the employees and also motivate them in order to attain the business goals of Samsung. 
Apart from human resource management, another functional area is production and operations management of Samsung electronics. The key role and responsibility of this department are to plan, organize and coordinate the activities of the production function so that the goods can be manufactured at the right time with the right quantity and right cost. The various activities that are involved in this functional area are planning of the product, production system, and maintenance, management of the materials, etc (Cooper, 2017). 
Moreover, finance management is again a significant function of the cited company. It is concerned with the functions such as capital budgeting, dividend policy, sources of finance both long and short terms, etc. It involves taking financial decisions so that financial stability can be attained within the Samsung. It is also responsible for making decisions like where to borrow funds, how it can be raised, etc. 
Moreover, marketing is an essential functional area of the organization that bridges the gap between demand and supply. The role of this department begins with identifying the needs of the customers and ends with meeting the expectations of the customers. Apart from these, the marketing department of Samsung electronics is responsible for managing the brand name of the organization and conducting customer and market research (Bourne, 2016). It is very important for this department to focus on managing and enhancing the brand name of the Samsung in order to attract more and more customers. On the other side, this functional area of the company is needed to identify the customer needs and requirement and the trends of the market with the help of conducting market research and consumer analysis. This is done by the marketing department to provide customers satisfaction so that customer loyalty can be attained. 
Internal and external stakeholders and their roles 
The cited business operates in a large market, and thus there are several factors that affect its functions whether directly or indirectly. Samsung has internal and external stakeholders, the internal stakeholders are the individuals within the organization, and on the other side, external stakeholders are the individuals that possess outside the organization. The internal stakeholders of Samsung are employees, managers, and owners and in order to identify the external stakeholders of the company, pestle analysis can be model. It is a framework or a model that identifies the key external factors that affect the business organization (Miles, 2017).
Pestle Analysis
The pestle model includes political factors, economic, social, and technological, legal and environmental factors. These are the external stakeholders of Samsung as these factors affect a lot (Brown, et al. 2016).
Political factors: It includes political stability, government decisions, policies, etc. and the cited company is bound to follow these guidelines and policies in order to conduct smooth functioning of the business. Moreover, to conduct its effective business practices outside the country, identification and adoption of the political environment are necessary for Samsung. 
Economic factors: These are concerned with the employment rate, interest rate, etc. and these also affect the business conduction of Samsung. Considering the social environment, this is the most significant external stakeholder of the cited business.
Social: It includes the lifestyle of people, their demands, requirements, etc. If social aspects and lifestyle is not being reviewed accurately then product development might get affected in negative manner. It is also necessary to have accurate development of measures as per social values. 
Technological: Technology is changing continuously, and that is why the businesses are required to analyze the changing trends (Read, et al. 2017). For the business, Samsung, analyzing technological factors is very significant so that with the help of modernized and advanced technologies, customers can serve better. 
Legal: Legal and environmental factors also affect the selected business. The legal factors such as laws and regulations are required to be followed by Samsung. For instance, the legislation of minimum wages act and equal opportunity, etc. is required to be followed by the selected company. 
Environment:

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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