MGT501 Business Environment: Reflective Essay on Postgraduate Goals

This essay is a self-reflective analysis of postgraduate business studies, focusing on the motivations for choosing the course, experiences gained, and future goals. It highlights the importance of self-awareness and reflection in developing leadership skills and enhancing performance in the business environment. The essay discusses key concepts such as PESTLE analysis, SWOT analysis, and the Gibbs model, linking them to personal experiences and aspirations. It also emphasizes the significance of communication, teamwork, and strategic thinking in achieving both short-term and long-term objectives, with a focus on career advancement and personal development. The student reflects on applying theoretical knowledge to practical situations and plans to further their studies to enhance their skillset and career prospects. Desklib provides access to similar solved assignments and past papers for students seeking academic support.

BUSINESS ENVIRONMENT

Executive Summary
The main goal of this assessment is to develop self-reflection skills, which is based on
studying course. This is about what students have learnt in the course, which one can link to
future. Reflection and awareness will tend to bring scholars for better leadership and finally
enhance performance at business place. The study will help scholars to learn, acknowledges,
and understanding of short term and long term goals. An individual is able to gain maximum
value and then enhance their elaboration, evaluate and analyse skills.

Contents
Definition of Business............................................................................................................................3
Choosing this Course.............................................................................................................................3
Experience.............................................................................................................................................3
Relevant result......................................................................................................................................4
Managing and controlling......................................................................................................................4
Goals......................................................................................................................................................5
References.............................................................................................................................................7

Definition of Business
Business research the data by using the skills and finally developing ideas on the basis of data
to solve issues. Few important factors while defining business are employees and customers,
where communication and interpersonal skills plays an important role. The course will
contain PESTLE Analysis, which indicates that external factors such as political, social,
economic, legal, and technological, which have direct influence on business operations that
can either have positive or negative impact. SWOT analysis is another tool, which is used to
analyse strengths, weaknesses, opportunities, and threat. This tool is used for self-
examination too, which helps and design to apply Gibbs model for self-improvement
(Kleinfeld, Gibbs, Hachtel, & Plummer, 2018).
.
Choosing this Course
While studying the business studies, it is seen that management has many organisational
behavioural theories such as motivation, leadership, communication, conflicts, change
procedure, and development of self by learning. The motive of selecting this course is to
learn about economic implication on business, which presents several models such as
PESTLE Analysis, SWOT analysis, and VRIO framework to examine the business situation
and achieve competitive advantage (Leigh, Rutherford, & Williamson, 2017).
Experience
What kind of experience (or interest) do you have in this area
While selecting the interest in business, I have seen that I am interested in identifying the
motivation level amongst the employees, generating a behaviour oriented to the leadership
skills, and building the team spirit amongst the employees so that we can achieve maximum
organisation output (Crawford, 2019).

How has your experience prepared you for this course
The experience during my internship, I have seen that the framework for MBA is 2-3 years.
Stepping the stone into long-term goals and create visions to achieve it. There are nine strong
foundations to make strong career plan such as industry position, unique career plans,
community agenda, assured for the first step and specific positions (Undavia, Dolia, & Patel,
2016).
Relevant result
How do you ensure the required outcomes of your course are met
I have accomplished my decided outcomes, which come up with creating leadership skills
such as effective communication skills, building the teams, inculcating ideas, responsible,
adopts to the changing strategies. A situation presents when our lecturer delegates projects
and create teams to complete it, where I was authorised to become leader (Booth, Shields, &
Carle, 2017). Therefore, I decided to distribute the tasks to all the people in the group by
understanding their skills and finally I have complied all the efforts in word file and
presentation. However, here each person was allowed to give their part of presentation and I
have adjusted and complied as per the series and implication of economic implication of
business. This situation got me to learn several aspects of a team, which indicates that I have
created a flow of information to successfully in such a way that interpersonal skills,
communicating each data, and suggesting the formation. I had to undertake collaboration of
each slide and brought up with effective introduction and conclusion (Booth, Shields, &
Carle, 2017).
Managing and controlling
What can you do to manage and monitor your studies to a successful conclusion

The conclusion says that while monitoring and managing personality, I have seen that I have
learnt hoe motivation and leadership can enhance the performance of the employees. The
teachers can evaluate this performance by checking how we have presented the presentation
(Redmond, & Dolan, 2016). As a conclusion, the main aim to extend my studies further to
groom my personality and attain beat attributes to get maximum job offers during my
placement offers.
As you think about the future, how might you apply your studies in later life
In order to improve my interpersonal skills, I need to enhance my skillset by applying
appropriate model. Gibbs cycle is assessed in several circumstances by foreseeing the
situation and evaluate it. Reflection can enhance understanding, encourage person to think in
a systematic way about experience during the particular event (Powell, & Gibbs, 2018). The
Gibbs cycle helped to follow this particular procedure and identify negative and positive
situation during my internship. After studying the business studies based on economic
implication on business, I have studied financial performance of the companies so that I can
study the impact of economic factors of country. Further, I have decided to pursue masters
after graduation, which will start after the selection of specialisation in any course that have
started in finance and human resource management. Using the Gibbs Model, after team
experiences and presentation then I decided to pursue organisational behavioural theories and
finance management (Rubens et al., 2018).
Goals
What kind of goals would you like to set for yourself concerning this course
As the kind of goals, I want to accomplish both short term and long-term objectives. Short-
term goals is immediate post-MBA, which helps to achieve long-term goals. My short term
goal is to better the communication, think strategy, think of getting confidence, transferable

skills, and better time management. Long-term goals is the thing, which I wanted to achieve
in future in accomplishing in future requiring planning and time (Lawrence, Dunn, & Spolter,
2018). These short-term goals can be attained so that I can achieve long-term goals. These
goals can be achieving highest education, improving the knowledge, getting maximum
abilities, maintaining social status, become an entrepreneur, and promoting creativity. I have
a dream of getting a good and sophisticated job, which can help to maintain high social
status.

References
Booth, E., Shields, J., & Carle, J. (2017). Advanced Course Completion Rates among New
Mexico High School Students Following Changes in Graduation Requirements. REL
2018-278. Regional Educational Laboratory Southwest.
Crawford, E. (2019). Dissertations and other culminating projects: Using LMS course design
and assessment for retention, progression, and graduation. In International
Conference on Education and Social Development (ICESD’19). Houston, TX.
Lawrence, E., Dunn, M. W., & Weisfeld-Spolter, S. (2018). Developing leadership potential
in graduate students with assessment, self-awareness, reflection and
coaching. Journal of Management Development.
Leigh, J. A., Rutherford, J., & Williamson, T. (2017). Stakeholder perspectives of an
approach to healthcare leadership development through use of a multidimensional
leadership development conceptual model. International Journal of Practice-based
Learning in Health and Social Care, 5(1), 77-96.
Liotta-Kleinfeld, L., Gibbs, D., Hachtel, Y., & Plummer, T. (2018). Applying the Social
Change Model of Leadership to an Entry-Level Occupational Therapy Doctorate
Program. Journal of Occupational Therapy Education, 2(1), 7.
Powell, B., & Gibbs, S. (2018). Behaviour and Learning: The Development of Staff Efficacy
in One School. International Journal of Whole Schooling, 14(2), 63-82.
Redmond, S., & Dolan, P. (2016). Towards a conceptual model of youth leadership
development. Child & Family Social Work, 21(3), 261-271.
Rubens, A., Schoenfeld, G. A., Schaffer, B. S., & Leah, J. S. (2018). Self-awareness and
leadership: Developing an individual strategic professional development plan in an

MBA leadership course. The International Journal of Management Education, 16(1),
1-13.
Undavia, J. N., Dolia, P., & Patel, A. (2016). Customized prediction model to predict post-
graduation course for graduating students using decision tree classifier. Indian
Journal of Science and Technology, 9(12), 1-7.