Initial Statement of Intent

This reflective journal focuses on developing and applying a conceptual understanding of reflective practice within a business context. It critically evaluates stakeholder's viewpoints and economic principles within global business environments.

Running Head: GUNEET SINGH STUDENT ID 00275931T 0
Initial Statement of Intent
(Student details :)
3/22/2019

Guneet Singh Student Id 00275931T 1
Initial Statement of Intent
With the help of this reflective journal, I will develop as well as apply a conceptual
understanding of reflective practice within a business context. Besides, the reflective writing
will critically evaluate stakeholder’s viewpoints and economic principles within the global
business environments. To me, self-reflection is a measure to assess you as well as the way
one work and study. As per my opinion, reflective writing helps while developing practical
skills further and inter-linking that practice with the theory. Thus, this writing is all about
analysing what I am going to do and why I am doing it while applying my past teachings and
relevant experiences which I have learned in the past.
Here, my focus is over reflecting on the key motivation for undertaking chosen
postgraduate studies along with the expectations about the course and succeeding career path
(Heyrup & Bente, 2009). In this context, my basic understanding about Business
Environment and Economic Principles made me realise that I should study this business
environment course at Torrens University (TU).
My definition of business suggests that business is an association or resourceful entity
involved in industrial, commercial, or professional activities. It means that, a business starts
with a business idea and a name as well. In addition, my knowledge about business
environment and economic principles suggests that nature of the business determine whether
implementing the business idea into a real business will be feasible or not. Furthermore, I
also think that a business idea can be successful only when the business idea can bring value
to its consumers. In the context of economic principles within any business environment,
financial rewards which result from successful business are critically important for
entrepreneurs to do business in an effective manner. As per my knowledge, ley economic
principle of any business contains key factors which can motivate entrepreneurs to work hard
along with taking tremendous risks. Moreover, my opinion about assessing any business
environment suggests that business can be assessed and analysed with the help of key factors
like social, financial, personal, longevity, customer satisfaction as well as employee
satisfaction. According to me, business can be understood as the planned efforts of an
enterprise for supplying consumers with products and services in order to gain a profit. As

Guneet Singh Student Id 00275931T 2
per my knowledge, various businesses vary in size, as measured through sales volume or by
the number of employees yet they all share the common purpose of earning profits.
I chose Business Environment (BE) course to study at TU because business is one of
the key interests of mine since my childhood. I always wanted my parents and family to let
me pursue my passion in business. Since my childhood, my ideal was Mr Richard Pratt who
was one of the top business men of the Australia (Hickson, 2011). I was really impressed
with his business ideas, thoughts, thinking and way of addressing the world with his business
mind. In this context, I want to quote some of my past experiences which would greatly
explain my interest into this BE course. When I was studying in school, I used to have a lot of
business ideas in my mind. Out of all of those business ideas, I tried to implement one in
reality by my own when I was 14 years old. I used to be very good at designing, decoration
and innovating things on the spot (Heyrup & Bente, 2009). Hence, I decided to go to my
friends and relatives’ houses to earn money with my business idea through decorating their
places on the occasions like their birthdays, anniversaries and other occasions. However, this
small but creative business idea of mine could not work due to my hectic study schedule and
lack of business planning (Heyrup & Bente, 2009).
In addition, my academics and working experiences has also prepared and helped me
to go for this post graduate study at TU. In order to develop and apply my conceptual
understanding within a business context I will effectively attend all of the lectures, seminars,
video lectures, workshops and other practice sessions. I will try hard to critically evaluate
economic principles as well as stakeholders’ viewpoints within different business
environments with the help of studying this course at best university like TU. Additionally, to
ensure that all required outcomes of the selected course are met, I will practice all concepts
and volunteer during all possible business events occurring at TU and other popular places of
Australia.
Furthermore, based on (Hickson, 2011) I will manage as well as monitor my studies
to bring a successful conclusion with the help of my academic and non-academic skills like
time-management, personality management, critical thinking, analytical thinking,
professional communication and punctuality in studies. In the context of my future, I will
analyse, apply and implement the knowledge acquired through studying BE course at TU in a
way to be successful at future workplace. After studying BE course, my short-term goals
contain an internship from Harvard Business School (HBS) and post internship I would like

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to start my own business in future. Therefore, to become an entrepreneur through my
academic knowledge, skills and experiences studying post-graduation at TU is essential as
this will add to my professional skills and knowledge to a wide extent. In this way, this
statement of intent is demonstrating my intentions regarding studies at Torrens University as
well as how those might help me develop professionally and personally.
In whole, post writing this intent letter I realised that reflective self-awareness always
directs towards better performance and leadership skills. Moreover, my thinking has evolved
as an improved understanding of an individual offers a solid basis for empathy as well as
leading others. Finally, this statement of intent has documented my academic intentions,
short-term goals, long-term goals regarding my future studies at TU.
References
Heyrup, S., & Bente, E. B. (2009). Reflection: Taking it beyond the individual. New York:
Routldge.
Hickson, H. (2011). Critical reflection: Reflecting on learning to be reflective. Reflective
Practice, 12(6), 829-839.