Reflective Assessment on Business Environment
Added on 2022-10-12
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Running head: BUSINESS ENVIRONMENT
BUSINESS ENVIRONMENT
Name of the Student:
Name of the University:
Author note:
BUSINESS ENVIRONMENT
Name of the Student:
Name of the University:
Author note:
Business Environment1
The current assignment aims at providing a reflective assessment on business and the
reason behind choosing this course. The assignment also reflects my past experience in this
particular filed or area which brought enthusiasm towards the course. This assignment also
depicts how this course has helped me to think what to do in future and has opened paths for
more future prospects.
Since, my school days I never considered much about business until I started taking
management course. Taking the management course made me realize how complicated business
world can be. Getting incorporated in this field was interesting and challenging too. There are
many ways of earning but what the only thing drove me away from all the other course was
business and its nature. In my words business can be depicted as creating something big and new
with minimal requirement of physical efforts but by using your mind. Understanding the core of
business theoretically is quite an easy task but not practically. The main reason of choosing this
course is only because of my intense curiosity on business and entrepreneurship. This interest
wasn’t all of a sudden I had some good past experience and memories due to which I adapted
this curiosity. It was the time when I first thought of joining graduation course, and I was
incorporated in a part-time job. I was doing my part-time job in KFC, the experience in the KFC
made me inspired to take this course and basically on business. While I was doing my part-time
job in KFC I got to hear about the stories behind KFC and KFC founder Colonel Harland
Sanders. How he started this business, at what age he started his business, his mental condition
while starting this business. That person really inspired me that it takes effort, stability and zeal
of doing something big and business is something which incorporates these things.
Being student from Business Management for me Business was analytically a testing
ground to imply all the principles of management. My learning gave me guidance towards
The current assignment aims at providing a reflective assessment on business and the
reason behind choosing this course. The assignment also reflects my past experience in this
particular filed or area which brought enthusiasm towards the course. This assignment also
depicts how this course has helped me to think what to do in future and has opened paths for
more future prospects.
Since, my school days I never considered much about business until I started taking
management course. Taking the management course made me realize how complicated business
world can be. Getting incorporated in this field was interesting and challenging too. There are
many ways of earning but what the only thing drove me away from all the other course was
business and its nature. In my words business can be depicted as creating something big and new
with minimal requirement of physical efforts but by using your mind. Understanding the core of
business theoretically is quite an easy task but not practically. The main reason of choosing this
course is only because of my intense curiosity on business and entrepreneurship. This interest
wasn’t all of a sudden I had some good past experience and memories due to which I adapted
this curiosity. It was the time when I first thought of joining graduation course, and I was
incorporated in a part-time job. I was doing my part-time job in KFC, the experience in the KFC
made me inspired to take this course and basically on business. While I was doing my part-time
job in KFC I got to hear about the stories behind KFC and KFC founder Colonel Harland
Sanders. How he started this business, at what age he started his business, his mental condition
while starting this business. That person really inspired me that it takes effort, stability and zeal
of doing something big and business is something which incorporates these things.
Being student from Business Management for me Business was analytically a testing
ground to imply all the principles of management. My learning gave me guidance towards
Business Environment2
business. The marketing, entrepreneurship and financial resource management were the major
subjects I was interested into and made me competent. The business environment topic in
marketing is something I was more curious about. The business environment concept was really
interesting and fascinating for me that company use the combination of both external and internal
factors to influence the organization operating system either in a positive or in a negative way
(Kwan, 2019). The external factors include political, social, economic, technological, legal and
environment which puts a great impact the organization productivity (Antikainen & Valkokari,
2016). The internal factors are incorporated from within the organization which includes
suppliers, clients and owners and competitors as well. The main significance of this concept is to
understand the overall market (Brahimi, Aoun & Amar, 2019). For example: when I will open a
new business the first thing I need to focus on is my own product and it demand. The later stage
to focus on is business environment the political issue of the country, the economic condition of
the market, the social-cultural environment of the society, the new technological innovations that
I can use in my business (Amuna, Al Shobaki, & Naser, 2017). The internal factor I must give
priority on is the suppliers, my market intermediaries, my business competitors. This analysis is
necessary in order to take appropriate decision for my business. The business environment
affects all the decision, process, strategies and the productivity of the business.
The course was very practical based and the investment being appropriately minimal
gave me courage to try new things. An effective classroom structure is also a factor for
encouraging my interest in business. The class room is itself a great forum for variety of
business. This has provided the optimum opportunity to see each student’s idea transforming into
innovations and creativity and ultimately becoming reality. Moreover, this experience also gave
an insight of the demand based products in the market and society. I was quite fascinated to see
business. The marketing, entrepreneurship and financial resource management were the major
subjects I was interested into and made me competent. The business environment topic in
marketing is something I was more curious about. The business environment concept was really
interesting and fascinating for me that company use the combination of both external and internal
factors to influence the organization operating system either in a positive or in a negative way
(Kwan, 2019). The external factors include political, social, economic, technological, legal and
environment which puts a great impact the organization productivity (Antikainen & Valkokari,
2016). The internal factors are incorporated from within the organization which includes
suppliers, clients and owners and competitors as well. The main significance of this concept is to
understand the overall market (Brahimi, Aoun & Amar, 2019). For example: when I will open a
new business the first thing I need to focus on is my own product and it demand. The later stage
to focus on is business environment the political issue of the country, the economic condition of
the market, the social-cultural environment of the society, the new technological innovations that
I can use in my business (Amuna, Al Shobaki, & Naser, 2017). The internal factor I must give
priority on is the suppliers, my market intermediaries, my business competitors. This analysis is
necessary in order to take appropriate decision for my business. The business environment
affects all the decision, process, strategies and the productivity of the business.
The course was very practical based and the investment being appropriately minimal
gave me courage to try new things. An effective classroom structure is also a factor for
encouraging my interest in business. The class room is itself a great forum for variety of
business. This has provided the optimum opportunity to see each student’s idea transforming into
innovations and creativity and ultimately becoming reality. Moreover, this experience also gave
an insight of the demand based products in the market and society. I was quite fascinated to see
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