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Assessment 2 Internal and External Stakeholder Analysis.edited.docx

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Running Head: INTERNAL AND EXTERNAL STAKEHOLDER ANALYSIS1INTERNAL AND EXTERNAL STAKEHOLDER ANALYSISSTUDENT NAME:STUDENT ID:COURSE:MGT501 BUSINESS ENVIRONMENTCOURSE ID: MGT501ASSIGNMENT: 2
INTERNAL AND EXTERNAL STAKEHOLDER ANALYSIS2Executive SummaryAll interests of the stakeholders have to be met regardless of their financial stake forgreat success.Thestakeholder is any person or a group that has a stake or interest in the operationsof any businessThe main functional areas of the coca-cola company are production, human resourcesadministration, finance, marketing, and research and development.Coca-cola has a varied number of stakeholders who actively participated in itssuccess.The main stakeholders of coca coal company are employees, customers, management,shareholders, and suppliers.Coca-cola shareholders are more focused on maximizing profit-makingCustomers are more concerned with the quality and price of coca-cola products.Woolworths Supermarket and Coca Cola Stakeholders differ in their influence.Customers have more influencing coca-cola company while in WoolworthsSupermarket employee have a significant impact on services provided by theorganization.
INTERNAL AND EXTERNAL STAKEHOLDER ANALYSIS3
INTERNAL AND EXTERNAL STAKEHOLDER ANALYSIS4IntroductionIn the recent past, the organizations have been managed with shareholders financial return.However, the stakeholder theory argues that all the interests of the stakeholder have to be metregardless of the financial stake, as outlined by Ferretti (2016, p. 524). Stakeholder thinkingimplies that meeting all the demands and interest of every stakeholder, and it results in greatsuccesses for the business which positively impact the financial stake of the other partners.The need for each party member must be understood and respected practically met. It s veryvitally for the organization to take into consideration all concerns of the stakeholder as astrategy of maximizing the company value. Therefore it is required for the organizationmanagement to identify who are the key stakeholder to establish their concerns (Barkay,2013). The growing concerns of the business to the society has also contributed effectively inillustration of the stakeholder technique, which focuses on all the aspects in companyinternally and broader social context in which all the operations are carried out. The sourcesof profit to the company operations can only be identified through singling out stakeholderthat take part in business prowess. The main aim of stakeholder analysis is to provide viableinformation that can be used by the decision-makers in achieving the desired goals for thecompany. The report makes it easier for the management to anticipate any probable issue,gain the required support form the main stakeholders, and improve what the company offersto the target audiences. A stakeholder is any person or a group that has a stake or interest in

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