Understanding the Business Environment: A Journey of Perception and Learning
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Added on 2023/03/17
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This video presentation script discusses how the business environment course has changed the perception and understanding of business, its theories, and practical implementation. It highlights the importance of strategy, teamwork, and innovation in business.
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Good morning dear respect professor and my dear friends, I welcome you all to my journey through this business course and how this module has changed my perception and understanding of business altogether. Before we initiate discussion on this topic, I would like to acquaint you all to my initial thoughts on this subject, when I first heard of it. Business Environment as the name mentions came out to me like a relatively easy subject which will focus only at understanding the factors and players affecting the business that is a part of its environment. However, this half-baked understanding soon changed when I realized how the business environment is so much more than simple theories, and how it will help me further in understanding any business and how to expand it. Surely it has its own theories and models to understand, but all these theories can be understood only when they are implemented in real life. This reflection will help me, and I hope that it help's others as well in understanding the importance of such small yet effective courses in our studies which prepare us for our professional journey in a very relaxed manner. Let’s get started! First, I would like to tell you how I now see business as. After this course, business for me is a more comprehensive term which encapsulates not only sales and profits but also considers loss, risks, competitors, strategic management etc. This course has helped me develop a cohesive view of business, along with a deeper understanding of the business interactions. Second, I am now more understanding of my own professional goals. After studying this course I have a better understanding of my entrepreneur dreams and how I have to go about them. It is important for me to focus more on the micro as well as one of the macro factors affecting the idea I wish to take ahead. Also, I have understood the importance of defining and working alongside a proper strategy to take the business ahead. Third most important learning that I had from this was the implementations of these principles. Whatever I have learnt is practical; right from theories to practical concepts. Also, I have understood how I can improve my own business or that of someone else by working
simply on fundamentals and not deviating much. I have understood the value of innovation and how I can implement it in future for my own ideas and ventures. This module has given me insights by several case studies and has helped me develop a thought process which is different than what I might have imagined seeing myself in. it is not easy to suddenly change our thinking and our thought process unless we have something to guide us. During this course, I have taken help and have helped a lot of my classmates as well. this again has taught me the value of a good team and how important it is for a good business altogether. The focus that this module has put on small things which are often overlooked in business is exceptional and has allowed a lot of understanding on how to avoid unnecessary slack and focus more on real important issues that go on in a business. As I mentioned above, this course was easy. This was not because of the topics it had or its syllabus, but because of the ease with which it was crafted, the cohesive flow and the way it was delivered to us. The professor ensured that the students do not lose interest in this mostly theoretical paper, and are always interested in learning new things and understanding the nuances of business and find practical application of everything that has been taught in this module. I have to end by saying how much this module has helped me in understanding things beyond their face values and analyzing them in detail. I now feel more confident and clear than ever, and I feel like I am sure about my dreams of starting a business simply because I now understand the business environment nuances in detail.