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MGT501 Business Environment: Statement of Intent Final Part B Assignment 1 Answer

ASSESSMENT 1 BRIEF; Part B
Subject Code and Title
MGT501 Business Environment
Assessment
Part B; Statement of Intent Final
Individual/Group
Individual
Length
Video – 5 minutes
Learning Outcomes
This assessments addresses the following Subject Learning Outcomes:
  1. Develop and apply a conceptual understanding of reflective practice in a business context.
  2. Critically evaluate economic principles and stakeholder viewpoints in business environments
  3. Analyse and synthesise the fundamentals of business in the contemporary environment.
  4. Construct and justify a professional value proposition as a business practitioner.

Context:

Self-reflection is a way of assessing yourself and the way you work and study. Reflecting helps in developing your skills further and linking practice with theory. It is about analysing what you do and why you do it and applying what you have learned in the future. Reflective self-awareness leads to better leadership skills and performance. More importantly, an enhanced understanding of oneself also provides a solid basis for empathy and leading others.

In part A, the focus was on you to reflect on the motivation for undertaking postgraduate studies and expectations regarding the course and ensuing career path.

Part B requires you to revisit Part A and develop a short video presentation on your learning experience and thinking, and how they might have evolved during the course of the subject.

Instructions:

In this subject, you have been introduced to the foundational concepts of business and reflective skills. Assessment 1 Part B is about you reflecting on the learning and how your learning can be applied in your journey of becoming a business practitioner.

Your task is to prepare a 5-minute individual video presentation about your learning experience in this subject comparing and contrasting your thinking at the start of the subject versus the end. Focus on how this subject has shaped your thinking about business and future career aspirations. Your video may also include any lessons you have learnt throughout this subject, for example, identifying strategies you can transfer to your professional life.

Please Note: Powerpoint/Prezi slides are NOT permitted.

You will need to find ways of addressing the audience in a compelling manner, paying attention to audio quality, lighting quality, sincerity of presentation, clarity of your perspective and overall impact.

Presentation Content:

In the presentation, students are required to:

  • Introduce themselves
  • Describe how their understanding of business has changed since the start of this subject
  • Outline professional objectives and how they might apply their learning in this subject to achieve those objectives

Presentation Questions:

Presentations should address the following questions, along with any other relevant points:

  • Has your definition of business, economic principals and business environment changed?
  • What are some of your professional goals?
  • How does what you have learned relate to the present and future?
  • What do you want to learn more about, and how could it help in your professional development?
  • As you think about the future, how might you apply your learning experiences in later life?
  • What could you do to further your professional development outside of formal studies

Answer

Definition changed

I have attained a better view and also been able to overcome my fears and have in sync with the core principles that could be the same all along. It is also an important view, that would be constructive as per the other factors which can be learned in terms of the different aspects as defined with an economic principle. My learning has been an understanding as per the defined relation to the business environment. It would be related to an entire focus that could focus on the key perspective as learning different business contexts can be defined per the dimensions of the business.

By definition, the business environment is defined as a sum total of all factors that would be helpful in terms of an external that would be beneficial in terms of the business firm. It has helped me to understand how it would be developed with respect to the greatly influenced functioning. Another way to understand how it covers factors along with devising a plan as per the forces like customers, competitors, suppliers, and how to match with the government expectations, in terms of devising plans and strategies as per the social, cultural, political, technological and legal condition.

Professional goals

My own professional goals are more related to the business environment, in which we survive. It is more like a learning experience and related to the survival attributes, such as the equivalent exchange and how it would be economic and environmental conditions (Anderson, 2015). Another way to look into it is to think over is how to progress step by step and my own professional goals are to adhere per the commitment, outline and also design my career path, which can run parallel with the aims and the devised trajectories.

Learned related to the present and future

As the course is towards the business environment, my main earning in the present context has been to derive a study experience that has helped and derived a better understanding of the various principles. Due to the current learning business environment, it is also important to attain a practical business scenario, that I have learned from the given module. It would also be helpful to derive the knowledge through an active reduction that would be identified as an economic loss part of the business. As identified during the that would be part of the business environment which would be helpful in the attainment of the algorithm to works as per the equivalent exchange. Another fact, that a service or a good one which has been learned from the course learnings has been how to derive as per the equal value (Washington, 2016). All such concepts learned, have been an edge for the future economic value that would be constructive over time, and for the future how to relate with the economic, environmental conditions. 


Help in your professional development

The course has helped me to gain practical insight and also the attainment of the application of the course. The professional development has also been helpful to develop better control, knowledge gainfulness and also the relationship derived. For example, when launching a product, what should be the internal and the external steps and insights related to an environment, would be a better-devised plan. 

Future and apply the learning experiences in later life

The course has provided in-depth knowledge, practical learning and also how one applies the conceptual knowledge for better future outcomes. The course has also helped in making an application in forming a competitive strategy, having better knowledge attainment of how to devise steps to understand the product, introduce a plan and also making collaborative steps as per the elements of the business environment that would be constructive as per the economic and legal environment. It has also helped me to attain a better knowledge over the technological environment along with having an edge over the competitive environment, applying it parallel with the social environment, along with the global business environment  

Professional development outside of formal studies

The professional development would be based on formal studies, such as devising a better plan and to make a constructive sum or collection as per the internal and external factors. It is also important for professional development, to collaborate as per the employees, includes the customer's needs along with delivering expectations, in terms of understanding with the supply and demand. It is also how to make a collaborative plan (Opengart, 2015). The professional role outside has been helpful, as it has made me a better person in terms of learning, grooming myself, delivering as per the client's expectations and at the same time, meeting the deadlines and expected outcomes. Everything has been disciplined and helped me to attain a better perspective. It has helped me for an overall perspective in dealing and interacting with clients. 

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