MGT501 Business Environment April 18, 2019 postadmin Post in Uncategorized MGT501_ Assessment 2_Internal and External Stakeholder Analysis Page 1 of 6 ASSESSMENT 2 BRIEFSubject Code and Title MGT501 Business EnvironmentAssessment Internal and External Stakeholder AnalysisIndividual/Group IndividualLength 2,500 wordsLearning Outcomes This assessments addresses the following Subject LearningOutcomes:c) Analyse and synthesise the fundamentals of business inthe contemporary environment.d) Construct and Justify a professional value propositionas a business practitionerSubmission 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 withregards to the business. Stakeholder analysis can also be used to assess the relationships betweendifferent stakeholders and the issues they care about most.Internal stakeholders are individuals or groups who are directly involved in the business, such asowners, board members, managers, employees, and investors. External stakeholders are indirectlyinfluenced by the business activities, like customers, suppliers, competitors, society andgovernment.By understanding both perspectives, the business can engage and enhance communication withrelevant stakeholders, reduce or prevent risks, identify business opportunities, improve internalstakeholders’ commitment in the business and the reputation of the business amongst externalstakeholders.Instructions:In this assessment, you will examine a business in an industry that you have either previouslyworked in or would like to in the future. Leading up to the assessment submission, you mustparticipate in the Assessment 2 weekly discussions in the Discussion Forums on Blackboard. You willlocate this discussion forum in the Assessment Area of blackboard. Weekly contributions arerequired in Modules 2-4.MGT501_ Assessment 2_Internal and External Stakeholder Analysis Page 2 of 6Please 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 businessidentify and analyse the internal and external stakeholderscompare two industries with each othercreate a stakeholder matrixdiscuss chosen stakeholders and industries in the context of relevant theories andframeworks Suggested formatYour individual stakeholder analysis should follow standard report structure and include thefollowing: Cover pageExecutive Summaryo A concise summary of the main report in bullet points Introduction and background information on your business exampleMain body o Identify functional areaso Identify internal and external stakeholders and their roleso Identify the nature and degree of main stakeholders’ interests, and implications ofconflicting interestso Identify the level of main stakeholders’ influenceo Create a stakeholder matrixo In the discussion forum, choose an example from your peers and compare theindustry your business operates in with their industry, identify the main points ofstakeholder dissimilarities and analyse the differences in stakeholder interests andinfluences Conclusion References Appendices (if necessary)Support your observations and statements by incorporating links to theory and conceptualframeworks. Please ensure your sources are referenced clearly in the APA 6th style both in-text andin the reference list.Referencing:It is essential that you use the appropriate APA style for citing and referencing research. Please seemore information on referencing herehttp://library.laureate.net.au/research_skills/referencingTips to get started:MGT501_ Assessment 2_Internal and External Stakeholder Analysis Page 3 of 6PESTLE 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 themain 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 theGrade 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 thatyour submission addresses all five of the Assessment Attributes in the rubric.MGT501_ Assessment 2_ Internal and External Stakeholder AnalysisPage 4 of 6Learning Rubric: Assessment 2 Internal and External Stakeholder Analysis AssessmentAttributesFail (Unacceptable)0-49%Pass(Functional)50-64%Credit(Proficient)65-74%Distinction(Advanced)75 -84%High Distinction(Exceptional)85-100%Knowledge andunderstandingUnderstands theoryand conceptsPercentage for thiscriterion30%Limited understandingof required conceptsand knowledge.Key components of theassignment are notaddressed.Knowledge orunderstanding of theconcepts and theory.Resembles a recall orsummary of key ideas.Often confuses assertionof personal opinion withinformationsubstantiated byevidence from theresearch/coursematerials.Thorough knowledge orunderstanding of theconcepts and theory.Supports personal opinionand informationsubstantiated by evidencefrom the research/coursematerials.Demonstrates a capacityto explain and applyrelevant concepts.Highly developedunderstanding of theconcepts and theory.Discriminates betweenassertion of personalopinion and informationsubstantiated by robustevidence from theresearch/coursematerials and extendedreading.Well demonstratedcapacity to explain andapply relevant concepts.A sophisticatedunderstanding of thetheory.Systematically andcritically discriminatesbetween assertion ofpersonal opinion andinformationsubstantiated by robustevidence from theresearch/coursematerials and extendedreading.Mastery of concepts andapplication to newsituations/furtherlearning.Contribution to thediscussion forumPercentage for thiscriterion10%Never or rarely postedmessages with verylittle or occasionalactivity.Simple entries lackinsight, depth or aresuperficial.The entries are short andare frequently irrelevantto the events.Entries show some insight,depth and are connectedwith events, topic oractivity.Entries are typically shortand may contain someirrelevant material.Entries show insight anddepth.The content of posts isconnected with events,topic or activity.Entries show insight,depth andunderstanding.The content of posts isconnected with events,topic or activity, and are MGT501_ Assessment 2_ Internal and External Stakeholder AnalysisPage 5 of 6 They do not expressopinion clearly and showlittle understanding.There are some personalcomments or opinionswhich may be on task.These entries maycontain some irrelevantmaterial but are for themost part on task.supported by evidenceand examples.Entries are relevant withlinks to supportingmaterial.Analysis andapplication withsynthesis of newknowledgeDemonstrates a clearunderstanding of thepractical applicationsand implications ofrelevant conceptsPercentage for thiscriterion30%Limited synthesis andanalysis.Limited applicationbased upon analysis.Demonstrated analysisand synthesis of newknowledge withapplication.Shows the ability tointerpret relevantinformation andliterature.Well-developed analysisand synthesis withapplication ofrecommendations linkedto analysis/synthesis.Thoroughly developedand creative analysis andsynthesis withapplication of pretestedmodels and/orindependently developedmodels and justifiedrecommendations linkedto analysis/synthesis.Highly sophisticated andcreative analysis,synthesis of new withexisting knowledge.Strong application byway of pretested modelsand/or independentlydeveloped models.Recommendations areclearly justified based onthe analysis/synthesis.Applying knowledge tonew situations/othercases.EffectiveCommunicationWell-structuredreport with a clearline of reasoningDifficult to understandfor audience, nological/clear structure,poor flow of ideas,argument lackssupporting evidence.Audience cannot followthe line of reasoning.Information, argumentsand evidence arepresented in a way thatis not always clear andlogical.Line of reasoning is oftendifficult to follow.Information, argumentsand evidence are wellpresented, mostly clearflow of ideas andarguments.Line of reasoning is easy tofollow.Information, argumentsand evidence are verywell presented; thepresentation is logical,clear and well supportedby evidence.Demonstrates analyticalskills.Expertly presented; thepresentation is logical,persuasive, and wellsupported by evidence,demonstrating a clearflow of ideas andarguments. MGT501_ Assessment 2_ Internal and External Stakeholder AnalysisPage 6 of 6 Percentage for thiscriterion20%Engages and sustainsaudience’s interest in thetopic, demonstrates highlevels of insight andanalytical skills.Correct citation ofkey resources andevidencePercentage for thiscriterion10%Demonstratesinconsistent use ofgood quality, credibleand relevant resourcesto support and developideas.Demonstrates use ofcredible and relevantresources to support anddevelop ideas, but theseare not always explicit orwell developed.Demonstrates use of highquality, credible andrelevant resources tosupport and develop ideas.Demonstrates use ofgood quality, credibleand relevant resources tosupport and developarguments andstatements. Showsevidence of wide scopewithin the organisationfor sourcing evidenceDemonstrates use ofhigh-quality, credibleand relevant resourcesto support and developarguments and positionstatements. Showsevidence of wide scopewithin and without theorganisation for sourcingevidence