Analysis of Internal and External Business Stakeholders

This report provides an analysis of the business environment, focusing on the influence of both internal and external stakeholders. It begins by defining the business environment and then distinguishes between internal and external stakeholders, providing examples of each. The report highlights the importance of stakeholders such as employees, managers, owners, suppliers, customers, and the government. It explores how these stakeholders can directly or indirectly affect business operations and decision-making processes. The report also outlines strategies for influencing stakeholders, such as building trust, clarifying goals, inspiring confidence, and leading by example. The conclusion emphasizes the impact of the business environment on the industry and how stakeholders can control certain aspects of the environment. The report includes references to support the analysis.

TABLE OF CONTENT
INTRODUCTION
MAIN BODY
Influences of internal and external stakeholders analysis
CONCLUSION
REFERENCES

BUSINESS ENVIRONMENT

INTRODUCTION
The term business environment is linked to all external and
internal factors which can affect function of the business
and determine how directly and indirectly firm can affect
(Bhimavarapu, Kim and Xiong, 2019).

INTERNAL AND EXTERNAL STAKEHOLDERS
To influences various stakeholders whether it is external
and internal stakeholders are one of the best powerful
qualities every business analyst that they should kept in
place in stakeholders and influence others to find it is
easier to achieve their objective in the long term without
any skills.

DIFFERENCE BETWEEN INTERNAL AND
EXTERNAL STAKEHOLDERS
Internal stakeholders External stakeholders
Internal stakeholders are those individuals who can
work for the business organization and they have
effectively and efficiently participate in their
organization of company for all the activities and
plan all activities.
External stakeholders are those individual who are
not in the organization because if they get affected
by their individual and also affected activities of
the organization.
Internal stakeholders serve the business
organization
External stakeholder’s serves company external
use only.

BUSINESS STAKEHOLDERS
Internal stakeholders: Internal stakeholders are the owner
and manager on directly involved in operation strategy of
the business organizations this will include a potential
rewarded directly for the success of firm
 Employees
 Manager
 Owner

External stakeholders: These types of external
stakeholders are wide variety of interaction between
number of different stakeholder groups and there are
different businesses who are keeping in mind while making
decisions and carry out their operations.
 Suppliers
 Customers
 Government

INFLUENCE OF STAKEHOLDERS IN BUSINESS
ORGANIZATION
 Build trust
 Know your stakeholders
 Be clear about their goal
 Inspire confidence
 Lead by example

CONCLUSION
From the above information, it has been concluded that
business environment may be affected the business industry
directly or indirectly and affect those factors who are under
their control.

REFERENCES
 Genc, E., Dayan, M. and Genc, O. F., 2019
 Harmon, P., 2019
 Russell, R. S. and Taylor, B. W., 2019
 Bhimavarapu, S. R., Kim, S. Y. and Xiong, J., 2019.

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