Assessment 1 Part B: Entrepreneurial Goals and Future Applications

Desklib provides past papers and solved assignments for students. This reflective writing assesses business understanding and future plans.

Assessment 1 Part B
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1. Has your definition of business, economic principles and business environment changed?
There is no change in the definition I have provided regarding the business, business
environment as well as the economic principles because that definition was quite satisfactory
covering all the important aspects regarding these concepts. As it was provided that the business
is all about exchanging the products as well as the services in order to make the money. There is
being slightly expansion in my knowledge regarding the business and business environment
which is just an addition to the existing information and the previous definition was not
sufficient but right (Bah & Fang, 2015).
2. What are some of your professional goals?
My professional goals include being a successful entrepreneur in the future and developing a
business which can also be expanded internationally. I want to bring some great Ideas which can
be successful in the form of a business to provide the maximum satisfaction to the clients of my
business and earn the maximum profits. My goal is to be able to handle all the work related
problems calmly and run my business successfully. The business started by me must also ensure
the growth in my personal wealth and I should also be developed as a professional (Kristiansen,
et. al., 2016).
3. How does what you have learned relate to the present and future?
The concepts related to the business environment which I have learned during this course are
related to the present concepts of the business as all the businesses are working in order to
maximize their wealth and to provide the best satisfactory services to their clients. This is the
main objective behind any business which is going to be continued in the near future too
(Prajogo, 2016). The concepts we have learned during this course are associated with the
business environments and the economic principles which are going to be useful for the
entrepreneurs always.
4. What do you want to learn more about, and how could it help in your personal
development?
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I want to learn more about the risk-taking capabilities of a learner as well as the leadership styles
in order to be developed as a professional. These things will help me in growing as a professional
and be able to manage all the employees of my organization with a great ability of leadership.
Further, the risk-taking capabilities are necessary for an entrepreneur in order to start any
business and make it successful in the highly competitive market. These both are helpful in my
professional development and will also be helpful for me in the achievement of my goals.
5. As you think about the future, how might you apply your learning experiences in later
life?
The learning experiences I have made during this course can be helpful in experiencing the new
things at my workplace. I will be able to apply these concepts at my workplace which I have
learned from this course. I will be developing to improve my management skills which can be
very helpful for me in the future in order to manage different people at my workplace and solve
their problems.
6. What could you do to further your professional development outside of the formal
studies?
I can further improve myself as a professional by taking the work experience from various good
organizations. I can practically implement all those things which I have learned during this
course to manage the company in an effective manner which can be helpful for me in managing
my own business successfully. I will be able to gain the work experience and understand all the
relevant processes within the business in an effective manner to use them in originating a
business idea for my business in the future.
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References
 Bah, E. H., & Fang, L. (2015). Impact of the business environment on output and
productivity in Africa. Journal of Development Economics, 114, 159-171.
 Kristiansen, S., Schäfer, M. S., & Lorencez, S. (2016). Science journalists in Switzerland:
Results from a survey on professional goals, working conditions, and current
changes. Studies in Communication Sciences, 16(2), 132-140.
 Prajogo, D. I. (2016). The strategic fit between innovation strategies and the business
environment in delivering business performance. International Journal of Production
Economics, 171, 241-249.
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