Stakeholder Analysis
Title: Stakeholder Analysis
Assignment Instructions: Benchmark-Data Collection
Assessment Description
The purpose of this assignment is to conduct internal and external research to determine viable solutions that could be implemented to solve an identified problem.
Please note that as part of the research process, taking the initiative to speak with management in your selected organization from Topic 1 and then requesting and reviewing business metrics and operations reports will allow you to find the data you need for the project while also showing your employer that you can be proactive and use critical thinking to solve problems within the organization.
Part 1: Create Excel Spreadsheet
The first step in data collection is to conduct research. You are looking for specific, measurable data (statistics and numbers) related to how the problem identified in Topic 1 is affecting the organization. For this assignment, you will create an Excel spreadsheet that summarizes the data collection you complete related to your problem. Utilize the attached “Benchmark – Data Collection Template” as needed to organize your information.
The spreadsheet should indicate the date on which particular data were collected, the source of the data collected (i.e., internal or external), the type of data (qualitative or quantitative), and a one- or two-sentence summary of the data findings.
Name the Excel spreadsheet as follows: lastname.firstname.datacollection.xlsx.
Part 2: Conduct Internal Research
Next, conduct research to learn what has already been done to address this problem within the organization. Incorporate the following elements in your planning and collection steps for what will mostly provide you qualitative information.
Prior to meeting with individuals, develop a list of questions about previous solutions. Consider factors such as customer importance, efficiency, quality, employee satisfaction, and cost effectiveness. Ask questions and interview individuals who assisted with the implementation of previous solutions used in an attempt to address the problem.
Make sure you ask questions that allow you to gather measurable data and include information about how successful previous solution options were in addressing the problem.
Optional: You may choose to create a graphic or chart that represents your data findings to visually communicate your potential solution in your summary.
Note that you will summarize the research data collected in fourth part of this assignment.
Part 3: Conduct External Research
The last step in determining potential solutions is to conduct external research. Your goal in conducting this research is to find practical examples and measurable data related to how other companies, and related industries, have resolved the same problem or one very similar to it. Look for both qualitative and quantitative data and information.
Using publicly available and reliable industry resources, research ways other companies have addressed this issue or one very similar to it.
Look for specific information related to the customer response, efficiency, quality, employee satisfaction, and cost effectiveness of solutions others have implemented.
Optional: You may choose to create a graphic or chart that represents your data findings to visually communicate your potential solution in your summary.
Note that you will summarize the research data collected in fourth part of this assignment.
Part 4: Identify Potential Solutions
Next, analyze the information and data you collected from Part 2 and 3 of this assignment. Based on the internal and external research you conducted, in 250–500 words, describe at least five potential solutions you can consider for addressing the problem you have identified.
Submit the data collection Excel spreadsheet and a 500-word summary, covering Parts 2 and 3. Note that you will include your essay findings in the Topic 7 assignment: “Business Proposal Presentation.”
Prepare this assignment using effective business writing style. Refer to the resource, “Effective Business Writing,” located in Class Resources, for specific guidelines and formatting requirements.
Paper Format: APA
Answer preview to Stakeholder Analysis
APA
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