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MGT501 Statement of Intent Final: Assessment 1 Brief Part B 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?

Submission Instructions:

Creating your video presentation

  • Create a short video presentation, length: 5 minutes

oBe specific and clear, as you will be assessed on originality and authenticity

  • Your presentation must be in video format (mp4, MOV, etc.) for uploading into Blackboard

Uploading your video presentation

  • Detailed instructions on compressing (if necessary) and uploading video presentation
  • Submit the recorded video via the Assessment 1 Part B: Statement of Intent Final

submission link in the main navigation menu in MGT501 Business Environment.

  • After uploading your video presentation, retain a copy in a safe place.
  • The Learning Facilitator will provide feedback via the Grade Centre in the LMS portal.
  • Feedback can be viewed in My Grades.

Answer

Assignment Part B

Defining it

The business environment is all about how one can derive a better methodology to connect with the business people, surrondings, and attainment of better knowledge. It has helped me to attain a better insight and to form a  business environment as per the development of business. This would be better edge control over the resources, having an equal contribution and also devising better collaborative plans, that can deliver as per the factors, forces of the business environment (Holden, 2016). It includes five elements that have helped me to make a collaborative approach as per the business environment; integrating the economic and legal environment, focus on the technological environment, and devise a better plan to focus on a competitive environment. The definition has also changed as per the macro environment that can form a better edge in terms of the institution that would be better aligned with the organization. It is also how one can derive a better understanding of the application in terms of the performance as per the organization that would be part of the external environment of business consist of the economic demographics, natural, cultural and political forces. 

Professional Attainment of the Goals

The course has helped me to gain a broad perspective, on how to hone one own skill and also deliver as per the company outcomes. Like every organization, it needs a robust working environment that can be better derived as per the own professional goals and also a strategy to survive. The professional goals would be helpful to deliver a better experience to the clientele in devising a better plan and also how to make a collaborative approach in terms of the economic and environmental conditions. It is also important to make an approach concerning the deliverables of the organization and also be making an approach to deliver as per the expectations defined as per the client's and customers' expectations. 

Learned outcomes as per the present and future

The course is designed which has helped me to match as per the business environment, which can help to understand as per the learning perspective in terms of understanding the course contents. It is also how one can relate with the outcomes and devising a better plan, such as how to make a plan for the strategic growth, attainment of goals and relate with the business perspective. It can also help to deliver a practical business scenario. All the business environment factors and the roles have to be approached in line with the goals and the objectives outlines have been learned from the course. 


Helpfulness

The course has not only provided better control over my thoughts, behavior but it has also helped in the development and the growth plans, that can be better related to the outcomes (Prajogo, 2016). As over some time, knowledge derived can become stagnant, the course has provided an edge to increase one own vision and also help gain better insights. It has broadened my horizon, and I have been able to relate to the outcomes and understand what would be the repercussion effects if a certain strategy would be applied. 

Future outcomes as per the learning experiences 

To also have better future outcomes, I have started o use my technical knowledge into the practical application and at the same time, it has helped me to routinely monitor with the goals perspectives and deliver with the outcomes. As timely devising a plan, routinely monitoring and having a controlling agenda, has helped me to provide better control, over some time, it has helped me to deliver as per the outcomes. It has helped me to gain an overview and also made an alternative approach, that could be better in controlling the devised strategy. 

Formal studies

The formal studies have been into the technical and the knowledge derived, but with the application better, approaches and the relationship developed, it has better gained in the deliverables. It has helped me to attain professionalism and also secures a place. The course has provided me stability and relate to the outcomes. It has me more professional ina sense to deal with the clients and how to talk to them professionally and handle them tactfully (Hillary, 2017)

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