Reflective Essay on Weekly Learnings

Running Head: REFLECTIVE ESSAY ON WEEKLY LEARNINGS
Reflective Essay on weekly learnings
Name of the Student
Name of the University
Author’s Note

1REFLECTIVE ESSAY
Table of Contents
Week 2:............................................................................................................................................2
Week3:.............................................................................................................................................2
Week 4:............................................................................................................................................3
Week 5:............................................................................................................................................4
Week 6:............................................................................................................................................5
References........................................................................................................................................6

2REFLECTIVE ESSAY
Week 2:
Within this week various macro environment factors regarding a business environment
both internally and externally were evaluated. The level of competencies. The importance of
strategic business management which most of the leaders seek to deal with. They strive to arrive
at a preferable solution after evaluating various environmental factors. The essence of
competitive advantage, the unique properties that separate a business firm from the other rival
firms. The role of negotiation among the stakeholders, regarding profit sharing criteria (Zaridis
et al., 2014).
The use of the analytical tools regarding market-driven or positioning perspective to
analyse the various external factors of the business environment. The use of PESTEL to examine
the business environment.
However, the primary learning within this week is regarding business strategy.
Formulation of strategy by identification of opportunities. The essence of evaluating national
industry and market forces by making use of Porter’s Diamond model. The reason why some of
the industry and specific countries are successful in their business. The essence of the base in
one’s own domestic country. Innovation is the key to business success. The role of mediocre
countries and globalisation for shaping the business undertakings. The essence of 5 megatrends
Digitalization, Demographic change, Climatic Change, Urbanization, and Globalization
(Fainshmidt et al., 2016).
Week3:
Within this week much of the exposure was acquired concerning the international
business environment. How strategies do takes the business firm to the next level by making use