Identify people or groups and institutions that will influence your initiative

FINC 620 – Stakeholders are people who have an interest

Stakeholders are people who have an interest in a commercial entity including those within the organization and outside. These include the boss, senior executives, customers, suppliers, government, your co-workers, the team and others. All these people are important in the implementation and success of strategy. Stakeholder analysis is an important aspect to the financial management of a company. What do you understand by the phrase “stakeholder analysis”? Attempt a stakeholder analysis of an organization that you are closely associated with. Consider the strategic tool of “stakeholder analysis” to:

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• Identify people or groups and institutions that will influence your initiative
• Anticipate the kind of influence, positive or negative, these groups will have on your initiative
• Develop strategies to get the most effective support possible for your initiative and reduce any obstacles to successful implementation of your program.

Instructions:

You will need to do an in-depth literary search on the topic in order to create a fully-developed response. You will need to include in-text citations and a references list for external references used in supporting your points for this question. You should have no fewer than 7 references for your response to this particular question, 4 of which must be from peer-reviewed sources.

FINC 620 – Stakeholders are people who have an interest

Guidelines in writing an academic essays

Writing an academic essay can be a challenging task, but with the right guidelines, it can become much easier. Here are some general guidelines that can help you write an effective academic essay:
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Understand the assignment: Read the assignment prompt carefully and make sure you understand what you are being asked to do. Pay attention to the requirements, such as word count, formatting, and citation style.

Plan and research: Plan your essay by creating an outline or a mind map. Then, conduct research to find relevant sources, such as books, articles, and academic journals. Make sure you use credible sources and take notes on important information that you can include in your essay.

Create a thesis statement: Your thesis statement is the main argument or point that you will be making in your essay. Make sure your thesis is clear, specific, and debatable.

Write the introduction: Your introduction should provide background information on the topic and lead up to your thesis statement. You can use an attention-grabbing hook, such as a quote or a surprising fact, to engage your reader.

Write the body: The body of your essay should include several paragraphs that support your thesis statement. Each paragraph should have a clear topic sentence and provide evidence and analysis to support your argument. Make sure you use transitions to connect your ideas and create a cohesive flow.

Write the conclusion: Your conclusion should summarize your main points and restate your thesis in a new way. Avoid introducing new information or arguments in your conclusion.

Revise and edit: Once you have completed your essay, revise it for content, organization, and clarity. Then, edit it for grammar, spelling, and punctuation errors. Make sure you have followed the formatting and citation requirements.

Proofread: Finally, proofread your essay carefully to catch any remaining errors. It can be helpful to read your essay out loud or have someone else read it to you.

By following these guidelines, you can write an effective academic essay that presents a clear argument and meets the requirements of your assignment.

FINC 620 – Stakeholders are people who have an interest

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