social and environmental condition of Stakeholders : Assignment

Added on - 22 Jul 2020

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Discussion Question
Table of ContentsINTRODUCTION:..........................................................................................................................31) Discuss how changing social and environmental conditions such as child labour orenvironmental degradation have encouraged the need for stakeholders.........................................32) Discuss how the internal and external strategic environment shapes strategic management......4CONCLUSION:...............................................................................................................................6REFERENCES:...............................................................................................................................7
INTRODUCTION:There are many environmental factors that affects the strategic management and planningof business. These factors affect business to a great extent. These factors can be either internalor external (Garbarino, 2017). Also, during strategic planning process, business must considerhow factors such as human resource, organisational culture, etc. will affect strategicmanagement. This assignment will show how social and environmental condition haveencouraged need of stakeholders. Also, how internal and external strategic environment shapesstrategic management is discussed.1) Discuss how changing social and environmental conditions such as childlabour or environmental degradation have encouraged the need forstakeholdersDue to change in social and environmental condition there has been high involvement ofstakeholders in strategic planning process. It has allowed them to participate in developingstrategies (Boserup, 2017). This is because business is carrying its operations withoutconsidering several issues. Also, government has forced stakeholders to monitor strategy.However, the need for stakeholders arose when significant changes were observed in socialconditions. The ineffectiveness of business in not meeting their corporate social responsibilitygoals lead to increase in such conditions. Besides this, the use of child labour in business in orderto reduce expenses has created major issues.A change in needed n business operations and activities (Garbarino, 2017) This will helpin solving social issues. The concept of social responsibility is not properly delivered bybusiness. It is given to non profit and government agencies. Thus, they will get funding foraccomplishing their mission. Moreover, with stakeholders support business have to contributeequally to society.Along with this, there has been increase in pollution level that is a serious concern forbusiness and government. The waste is not been disposed properly (Dennis, Armitage andJames, 2016). This has resulted in increase in number of harmful diseases. Moreover, it hasreflected a poor image of business in the market. Thus, stakeholders are involved in developingstrategies so that these issues can be solved. Apart from this stakeholders that are involved in
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