Reflective Report on Business Environment

Reflective Report on Business Environment
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Table of Contents
Self Reflection............................................................................................................................2
Different Tools for business environment:................................................................................2
SWOT:.......................................................................................................................................2
Resource Audit:..........................................................................................................................4
Stakeholder mapping framework:..............................................................................................6
Reference List............................................................................................................................8
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Self Reflection
According to me, the business environment can be described by the group of all internal
along with external facts of a company that can influence all of its business activities. It may
also be described that the business environment may also have an effect on all the primary
elements for an organization such as subordinates, customers, the management department as
well as the terms and conditions of the business. The success for an organization is always
dependent on the expectations along with the experiences of the subordinates of the
organization (Gupta, 2013). As example, it may also be stated that using proper business
environment a company can have their expectations for achieving the customer satisfactions
as well.
As per the assumptions undertaken, the behavioural structure of an organization is also
depends on the natures of the employees as well as the business environment of the company
that provide proper support to achieve the organizational goals and objectives. As we know
that an organization is a place where people use to assist their actions to achieve their
personal goals and aims or to help the organization to gain more revenue from the market
through maximizing the rate of its business (Hamilton and Webster, 2015). In case of
business environment for any organization, they needs to use different types of equipments
such as SWOT analysis tools, Resource audit includes resource skills, capabilities as well as
core competencies and the stakeholder mapping framework. This all equipments help an
organization to bring advantages as well as benefits to the organization.
Different Tools for business environment:
SWOT:
SWOT analysis basically refers to the strengths, weaknesses, opportunities and threats for
any organization and this tool can be considered as a framework for analysing as well as
identifying the internal and external factors for that organization. This all factors also have an
impact on the business environment of the organization in its projects, products as well as its
employees.
According to me, SWOT analysis basically can be used by all the business entities and to
access all the initiatives, products and projects of an organization. A SWOT analysis can be
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