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Student's Book  Form Five


               Exercise 1.2                                  mapping exercise to identify the

           1.  Consider your school as a business            stakeholders and their level of
              organisation, then:                            influence on her business.

              (a) Identify and categorise the         2.  Assuming  the role  of  a project
                  various stakeholders.                  manager leading a stakeholder
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              (b) Discuss the roles and                  engagement initiative, evaluate the
                  relationships of each stakeholder      significance of stakeholder mapping
                  group and how they may impact          in business, including its benefits
                  the success of the school.             and limitations.
              (c) Develop a stakeholder mapping
                  template and map them
                  according to the stakeholder’s        Project activity
                  matrix.

              (d) After completing the stakeholder     Establish any form of business in
                  mapping exercise, make a group       your school environment based on
                  presentation to compare findings     your capacity then assess the role of
                  and insights, articulating the       each stakeholder involved towards
                  importance of understanding          the success of that business. Prepare
                  stakeholder  dynamics  in            a report about the progress of your
                  business decision-making.            business and the contributions of your
              (e) Using Micaela’s start-up as a        stakeholders.
                  case study, conduct a stakeholder



                     Chapter summary


           1.  Business environment refers to all conditions both internal and external that
               influence the operations, performance, and decision-making of a business
               entity.
           2.  Internal business environment encompasses various components such as
               organisational culture, leadership style, human resources management,
               organisational structure, operational processes, corporate governance, and
               organisational climate.

           3.  External business environment encompasses various components such as economic
               environment, social environment, political and legal environment, technological
               environment, competitive environment, and global environment.





     Business Studies for Advanced Secondary Schools  12


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