Business Environment Reflection Report 2022

Business Environment
Name
(Affiliation Institution)

Reflection report
Scholars argue that a business is an organization or enterprise that has engaged in
professional, industrial or commercial activities. I can define business as organized efforts and
individuals’ activities to produce and sell and goods and services that can generate revenues or
result to profit.
I choose to pursue a business course for various reasons. Firstly, through the business
course, I will understand various business concepts and be familiar with strategies and situations
that am likely to encounter in my business or organization am going to work for in the near
future. Furthermore, with basic concepts of business, I will be in a good position for working
with diverse types of organizations and further adding values to them. Through the business
course, I will also gain entrepreneurship concepts such as basics of operating business which in
turn may assist me to operate my business effectively. I will also gain skills which will be useful
in the future leadership role in organizations or companies am going to work for.
I have past experience of working in a medium-sized shop which has significantly
developed my interest in pursuing a business course. Indeed, the shop was very busy dealing
with diverse internal and external stakeholders. With the shop being located at Central Business
Unit (CBD), the rate of competition from a small, medium, large companies and even
multinational companies were very high. This exposed me to challenging the business
environment and I developed an interest in going to college and pursuing a business course so
that I can gain skills and knowledge of managing such kind of businesses in the future.
The experience of working in a very busy shop prepared me significantly for the business
course. Firstly, dealing with diverse stakeholders’ like customers, suppliers and my fellow
employees exposed me to the business world and prepared me for the business course I intended
to pursue. In addition, the basic business concepts I learned during the day to day activities in the

shop such as preparations of ledger accounts and other types of entries prepared me for the
business course.
I ensure the required outcomes of my course is met by creating a personal and
professional development plan that clearly states my SMART objectives, long terms and short
term goals and the actions that are required to achieve them. The development plan will create
self-awareness as I will be able to identify my strengths, weakness, opportunities and threats that
surround the business course. Through self-awareness, I will be able to identify learning needs
and work on key areas that need improvement. I will measure whether I have improved through
diverse methods like surveys and feedback from my colleagues. Once I receive a positive
response then I will be assured that my required business course outcome has been met.
I can manage and monitor my studies to a successful conclusion by checking my progress
against my assignments and planned projects weekly and often checking whether my Set goals
are in line with timelines. For example, if I planned to carry out a certain business project like the
writing of thesis within a timeline of 6 months, I will often review whether my progress is in line
with the project timetable. Reviewing set goals often will also help me manage and monitor my
studies. For example, reviewing goals to prioritize some goals will help me in balancing the
studies.
In the future, I will apply my studies in diverse areas such as business administration,
leadership, entrepreneurship and my personal and professional development program. In terms of
business management, I will apply the business concepts in organizations to makes sure human
and capital resources are effective managed. For example, through gaining of skills such as
decision-making, interpersonal, communication and problem solving, I will be able to resolve
contemporary issues in the organization such as employees conflicts, harassments and job stress.