Reflective Blog: Business Environment, Stakeholders, and Analysis

This report is a reflective blog on the business environment. The author begins by expressing gratitude for the opportunity to work on the project. The blog discusses the author's understanding of business organizations, specifically focusing on corporations and sole proprietorships. It then analyzes the purpose of a company from the perspective of its stakeholders, including employees, owners, users, the media, and the government. The report concludes with an analysis of the company's internal and external environment using VRIO and PESTEL frameworks. The references section includes academic articles related to social media marketing and corporate communication. This assignment provides insights into the business environment and its key components.

Introduction to business
environment.
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Table of Contents
REFLECTIVE BLOG.....................................................................................................................3
REFERENCES................................................................................................................................4
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REFLECTIVE BLOG
First I would like to thank my professor who gave me chance to be the part of informative
project. This project is provided me the great learning experience about the Facebook and other
things. Firstly I found out the different business organization which has followed by company.
At that I analyze that the two types lie corporation and sole proprietorship. After that here
analyze the purpose of company as per their stakeholders. I found out main 5 stakeholders like
employees, owner, users, media and government. At the end of report, I understand the internal
and external analysis of company by using VRIO and PESTEL analysis.
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REFERENCES
Books and journals.
Alalwan, A. A. and et.al., 2017. Social media in marketing: A review and analysis of the existing
literature. Telematics and Informatics. 34(7). pp.1177-1190.
Cho, M., Furey, L. D. and Mohr, T., 2017. Communicating corporate social responsibility on
social media: Strategies, stakeholders, and public engagement on corporate Facebook.
Business and professional communication quarterly. 80(1). pp.52-69.
Chung, A.Q. and et.al., 2017. Managing an organisation’s social media presence: An empirical
stages of growth model. International Journal of Information Management. 37(1).
pp.1405-1417.
Jones, L., 2020. Social Media Marketing in a Censored Country.
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