MGT501 Business Environment: Reflective Statement Part 2 Presentation

This presentation provides a reflective statement on the changes in understanding the business environment, particularly focusing on the evolving definition of business from a mere conception to an organization engaged in various activities. It outlines professional goals, including expanding employee knowledge through training programs and analyzing the internal strengths and weaknesses of a family business. The presentation also highlights preferred areas of learning, such as economic planning, policy making, the role of MNCs, and technological environment implications. Furthermore, it discusses the application of learning experiences in future roles, including potential careers in marketing, retail, sales, business consultancy, and internal business strategic analysis. The presentation concludes with steps for further professional development, such as reading reference books, attending training and internship programs, and cultivating peer relationships. The document includes a bibliography with sources used for reference. Desklib is a platform where students can find similar solved assignments and past papers.

Business Environment
Reflective Statement Part 2 (Presentation)

Changes in definition of
Business
• Previously I perceived a business to be a
conception
• Now I see business through the spectacle
of a organization or enterprising entity
engaged in commercial, industrial or
professional activities

Professional goals
• My first aim is to expand the professional
knowledge of the employees associated
with our family business by conducting
training programs after I complete my
course
• I am also determined to make a
professional analysis of the internal
strengths and weaknesses of our firm with
an eye on improving the work performance
of our employees.

Preferred areas of learning
• Economic planning
• Policy making based on environment
conditions
• Role of MNCs in modifying business
environment
• Technological environment and their
future Implications
• Understanding the Environment Scanning
policies and the economic environment
structures.

Applications of Learning Experiences in
Future
• Being a business graduate I will have the
opportunity of working in a myriad of various
sectors. However, I feel that my most obvious job
roles would be concerned with marketing, retail,
sales or most probably business consultancy.
• My personal aim is to work as an internal business
strategic analyst for my parental company
• Again, I hope to implement my industrial
knowledge for my future start up where a sound
knowledge about the business strategies under
various environmental condition would be crucial.

Steps of further professional
development
• The first step that can be taken in this regard is
developing a habit of reading reference books on the
various topics that I have learned in the university.
• This knowledge will keep me updated with the various
unique strategies related to environment analysis.
• I will also try to attend the training programs and
internship programs as much as I can with merited
companies after the completion of my course.
• The last step is to cultivate peer relationship with
other business students which will also help me to
gain new perspectives as well s ideas that might
provide great value to our company.

Bibliography
• Burns, P., 2016. Entrepreneurship and
small business. Palgrave Macmillan
Limited.
• Hamilton, L. and Webster, P., 2018. The
international business environment.
Oxford University Press.