MGT501 Business Environment Letter 2022

Running Head: INTENT LETTER
0
MGT501 Business
Environment
Initial Statement of Intent
(Student details :)
8/3/2019

Intent Letter
1
Initial Statement of Intent
The paper is containing an initial statement of intent in the context of a business
environment. In addition, this paper will contain my intentions in terms of the statement so
that I can identify and convey my intentions in relation to my future studies at X University.
In this way, the initial statement of intent is going to help me while growing professionally
and personally in the future workplace and life. For doing so, my focus will be on reflecting
on the lessons as well as learning gained from postgraduate studies. The letter will help me to
facilitate my future professional development. Based on (Bassos, 2016), my reflection on the
motivation for undertaking postgraduate studies will be discussed. Also, I will express my
expectations regarding the course and the ensuing the chosen career path.
To grow and relate a conceptual understanding of reflective writing in a business
context, I am reflecting and describing my own beliefs and thoughts related to business.
Based on (Heyrup & Bente, 2009), here I am describing, analysing, and evaluating learning
experiences into the global business environment context. I found that my basic
understanding of the business environ helped me to acquire illustrated knowledge on business
as well as economic principles. Initially, I realized that my knowledge and skills in relation to
business were only superficial. Gradually, over the time I got the concept of business, hence
now I am eligible to be a business person.
To me, a business can be defined as an economic system or enterprise where different
products and services are usually exchanged amid individuals against money. Based on (Zott,
Amit, & Massa, 2011), my learning suggests that all business concepts require basic
investment as core input with enough number of customers. This is the way business products
and services are sold in order to make a profit and gain a return. During studying into this
business environment module, I observed that any business can be privately owned or
government-owned. I also learned that there are businesses which are running worldwide for
making no profits hence their objectives are related to public welfare. Thus, such businesses
are known as non-profit organizations. As an example, a catering business can be taken as an
example of a privately owned business contrary Company PepsiCo is doing a corporate
business (Sim Sheng & Wahidah, 2012).
I would like to mention the intentions behind why I chose the course of MGT501
Business Environment. I chose this because I want to become a business-man of my own