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MGT501 Business Environment
Stakeholders are said to be cogent pillars of an organization and provide support in financial and business practical for long term development. In this regards, it is important for every organization to maintain a good relation with stakeholders and achieve the goal set by the firm. Taking this into consideration, the report provides a brief analysis of the company Cotton on to determine the effectiveness stakeholders in this competitive market. Selected organization is one of the leading retailers known for its fashionable cloths and stationery brands in Australian market. Concern firm is not limited to Australian market, however, 1400 stores in 18 countries around the world. Aim of this report is to provide descriptive analysis regarding the interest and influence of the stakeholders over the company. In this regards, analysis of business intervention through PESTLE analysis and stakeholder matrix helps to determine the interest towards the company. Apart from that, comparative analyses with Woolworths for establishing a clear market analysis in functional areas.
Finding and analysis
Identify and analyse functional areas in business
Stakeholder provides resources to business, which is one of the primary functions played by stakeholders of the firm. In this regard, business stakeholder analysis is one of the important tools that help to implement relationship with different stakeholders. However,