Business Environment: Stakeholder Analysis and Engagement

This presentation provides an overview of the business environment and focuses on stakeholder analysis and engagement. It discusses the relationship and influence of internal and external stakeholders. The presentation also offers recommendations for improving stakeholder engagement.

Business environment

Table of content
 Introduction
 Stakeholder analysis and engagement
 Relationship and influence of internal and external stakeholders
 Recommendation
 Conclusion
 References

Introduction
Business environment is defined as, it is collection of
internal and external factors such as new technologies,
activities by government, customer needs, employees,
expectation, economic changes etc. These factors impact
the function of the organization and it works directly or
indirectly and influence the business enterprises situation
and its environment.

Stakeholder analysis and engagement
According to the Stephanie missonier, 2021, it is a
field of project management and proposition of
relevant conceptual approach that based on Actor
network theory. This research investigate analysis
of stakeholders and its engagement. It is a
implementation of actions, identification,
analysation and planning structured to influence
stakeholders

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It include communication, consultation, relationship
building and compromise. The major function of analysis
and engagement to its insights for strategic planning,
stakeholders analysis is a basic part of stakeholder
management it is an essential process that successful
people use to win and support by others. Stakeholder
analysis is very essential because it change project into
shape that can assist define projects at an early stage.

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As per the margareta Amy lelea 2021, Stake
holders analysis is to support researchers that
are quest to structure participation process
along with interdisciplinary research. It can be
implemented to analyse solutions and
innovations through an inclusive knowledge
production procedure which is depend on
collaboration learning among academic or non
academic participants.

Relationship and influence of internal and
external stakeholders
Stakeholder are those who has an interest in a organization and can either impact or affected
by the commercial enterprises. The primary stakeholders in a emblematic organization are its
employees, investors, customers and suppliers with enhancing attention on corporate social
responsibility and it has been extended to involve communities, political parties and trade
associations

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 External stakeholders
 People not work directly with in a organisation
but are impacted by the actions and results of the
business such as suppliers, creditors and public
groups all are considered external stakeholders.
 There is another way to resolving stakeholders to
identify those who are directly affected through
their reckon and those may be indirectly affected.
Directly stakeholders are the project members or
customer who the project is being completed for.

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 Time invested in appropriate place: Stakeholders analysis the organization, if
they see here is the benefit they invest their shares as well as time to generate
some profit. After that they are responsible for take feed back on regular basis
which can assure works is going appropriate manner

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The engagement process of stakeholder it starts with mapping is to identifying the
target and pulls together as much information as possible about them. Stakeholders can
be elaborated in organization prospective those are might be internal such as employee
and management and those are external such as customers, competitor and supplier.
However, with in the area public health the development of programs, strategies and
project may well be undertaken on in disciplinary way such as local health and well
being strategy may be developed.

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Internal External
 Communications
 public health strategies
 Procurement
 director of nursing
 Public health management
 Higher authority of Health intelligence
and information
 Director of services and program
 Trustees
 Board members
 Providers
 Acute trust
 patients
 service users
 quality assessors
 Special interest groups
 Health visitors
 School nurses
 Wider public
 Media

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Key impact and effects on stake holder
 Every year organization teams conducts assessment to identify our key
sustainability impacts, risks and opportunities and these filed of focus are:
 Environment
 Adopting management system of environment and improving their Amcor sites.

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 Market place
 Using organization life cycle assessment qualities to offer consumer responsible
packaging and supporting the consumers sustainability objectives.
 Promoting roles and benefits of responsible packaging.
 Make sure it is responsible for ethical sourcing.
 Economy
 Demonstrating good governance.
 Managing the climate change related challenges and opportunity.

Recommendation
By considering above analysis this report can be recommended as, organization have
to adopt the new strategies and implement on it, to make environment better for
enhancement of productivity so , that supply chain can run smoothly and efficiently.
Company have to make good conversation with community to make proper
relationship with their members which operation can run significantly. Safety and
security is very essential in workplace to maintaining the environment and also
develop creative manpower and give equal opportunity to give their performance
better. Company have to give their quality product to their customers to get name ,
fame in market place and able to do rule not to compete.

Conclusion
It is inferred from the above report, about findings such as analysis and engagement of
stakeholders, relationship and influence internal or external stakeholders, key impact on stake
holders, report can be concluded stakeholders are very important for the company because if
any one take initiative for the firm which is beneficial because they analyse, identify and
observe the prospective of whole organization after they take decision to invest some
monetary value for personal and organizational growth as well. If external stake holder take
initiative which is kind of risk because they don’t know the overall concept of the
organization and no assurance of revenue generation and profitability. If organization gives
opportunity to stakeholders they have to balance and work on key impact so, that they can
accomplish their goal

References
 Akhtar, M. and Sushil, S., 2018. Strategic performance management system in
uncertain business environment. Business Process Management Journal.
 Barr, T.L., and et. al, 2018. Development of indigenous enterprise in a
contemporary business environment–the Ngāi Tahu Ahikā approach. Journal of
Enterprising Communities: People and Places in the Global Economy.
 Bruijl, G.H.T., 2018. The relevance of Porter's five forces in today's innovative
and changing business environment. Available at SSRN 3192207.
 Contractor, and et. al., 2020. How do country regulations and business
environment impact foreign direct investment (FDI) inflows?. International
Business Review. 29(2). p.101640.

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