Report on Business Environment Analysis, Goals and Development

This report provides a comprehensive analysis of the business environment and professional goals. It begins with a personal reflection on the evolving understanding of business, transitioning from an entrepreneurial perspective to a profit-driven entity with incentivized stakeholders. The report outlines the author's professional aspirations, including roles as a business analyst or consultant, and the intention to leverage course knowledge for family business training. It emphasizes the importance of industrial awareness, particularly in light of dynamic environmental factors and legal/governmental influences. The report details areas of interest, such as macro-environmental factors, political environments, and socio-cultural influences, alongside research skills for assessing internal strengths and weaknesses. Finally, the report discusses future applications of learning, including career prospects, client base development, and ongoing professional development through continuous learning, research, and peer relationships with business professionals.

 My idea regarding business was that it is an
eccentric set of entrepreneurship activities
for every business project undertaken.
 Now I am in a position to define business as
an organized entity that works towards
achievement of a profit goal
 All the stakeholders are equally incentivized
and compensated for achieving the profit
goal
Perceived changes in defining Business,
Economic Principles and Business
Environment

 My aim is to work as a Business analyst or a
Business consultant for an organization.
 I also have the aim of launching a training program
for the employees of my family business utilizing the
knowledge that I have gained in this course.
 After doing this course I suppose I would also be able
to determine the internal strengths and weaknesses
of individual departments of an organization.
 This knowledge would keep me in a better position to
gain employment as a business analyst in any
reputed organization.
Professional Goals

 For getting employed in an entrepreneur or executive
position, strong industrial awareness is very important
 That is why I keep on updating my business knowledge
through regular reading and research.
 After conducting this course I have developed a strong
understanding of the dynamic environmental factors
that impact businesses.
 Legal and governmental factors would emerge as crucial
external factors for businesses also, in the future.
 That is why, the organizations would be needing
employees who have specialized knowledge in business
management skills.
Relating my learning with
present and future

 Macro environmental factors like economic
and technologic factors
 Analysis of supplier strength, market
intermediaries, media as well as local public
 Political Environment
 Socio-Cultural influence on business
operations in selected industries
 Impact of environment on human resources
 Research skills for assessment of internal
strengths and weaknesses.
Areas of Interest

 After passing out from the university, I will have
greater scope of working in an organist ion of
choice since business personnel are appointed by
all sorts of organizations
 I suppose with the skills that I have acquired as an
entrepreneur, I would be easily able to gain
employment as a business analyst in an
organization of my choice.
 Again, I feel that using the market environment
knowledge that I have gathered as an outcome of
this course, I would be able to develop a
consolidated client base for me.
Future applications of learning
processes

 I keep updating my professional skills regularly
so that I am always informed about the
disruptive changes in the market environment
 I also do research in order to learn new
theories and frameworks of analyzing business
environment
 I also have peer relationship with many
professionals engaged as business analysts in
various companies. They help me to develop in
depth knowledge about the current business
environment in various industries.
Future Professional
Development

 Björklund, M., 2011. Influence from the business
environment on environmental purchasing—
Drivers and hinders of purchasing green
transportation services. Journal of Purchasing and
Supply Management, 17(1), pp.11-22.
 Lozano, R., Ceulemans, K. and Seatter, C.S., 2015.
Teaching organisational change management for
sustainability: designing and delivering a course
at the University of Leeds to better prepare future
sustainability change agents. Journal of Cleaner
Production, 106, pp.205-215.
Bibliography