Business Environment and Stakeholder

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Business Environment
Wesfarmers

BUSINESS ENVIORNMENT AND STAKEHOLDER
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Executive summary
Stakeholder analysis is a significant technique to identify the key stakeholder for the company
and also it is a process to analyze their power and interest in the company. A stakeholder is key
aspects of any company which has to impact the company and also impacted by the company’s
decisions.
Wes farmer is Australia’s leading retail brand. The company expanded its business in New
Zealand, the UK, Australia, and many more countries. Wesfarmers operates around 809 Coles
supermarket, 809 liquor stores, 88 hotels, and 711 convenience outlets. The company also offers
insurance products and services. The aim of this report is to identify and analyse the functional
area of the Wesfarmers and it will analyze its internal and external stakeholders. This report will
also make a stakeholder matrix compare retail industry to the mining industry and analyse the
dissimilarities of stakeholder’s power of interest and influence.

BUSINESS ENVIORNMENT AND STAKEHOLDER
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Contents
Introduction.................................................................................................................... 3
The functional area of Wesfarmers.................................................................................... 3
Internal stakeholder.................................................................................................... 6
External stakeholders.................................................................................................. 7
Stakeholder Matrix........................................................................................................ 9
Comparison between Mining and Retail industries’ Stakeholder..............................................11
Conclusion................................................................................................................... 13
Bibliography................................................................................................................ 13

BUSINESS ENVIORNMENT AND STAKEHOLDER
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Introduction
Stakeholder analysis is an important technique for stakeholder’s identification and analyzing
their requirements. This procedure utilized to identify all internal and external key stakeholders
and those who have involvement in the company (García-Sánchez, 2018). Stakeholders are
usually those individuals and organizations who are actively involved in the organizations or
whose interest impacts by organizational activities (Bischoff, 2018).
Wesfarmers is an Australian based company organized in the year 1914. The company has
become one of the largest companies across the world. The company’s business operation
includes hotel, supermarkets, coal mining, gas processing, safety products distribution,
Chemicals, and fertilizers manufacturing and other investments operations (Wesfarmers,
2018).
The company regularly engaged with their stakeholders to understand the expectations of its
stakeholders, also ask for feedback on its sustainability performance or reporting. Wesfarmers
find the interest of stakeholders in various ways and determine the potential impacts of company
business performance on stakeholder’s interest (Wesfarmers, 2018).
This report will identify and analyze the business functional areas of Wesfarmers and also
identify its internal and external stakeholders. This report will compare two industries with each
other.
The functional area of Wesfarmers
Many organizations have a number of employees working towards achieving the same goals and
objectives. One input of any functional area can be the output of another functional area. Many