MGT501: Analysis and Reflection on Business Environment Principles

The assignment is a self-reflection report for the MGT501 Business Environment course. The student, having worked in the CSR and HR departments of Wesfarmers, reflects on their learning experience. The report covers the importance of CSR, its impact on business, and the understanding of external factors affecting organizations. The student outlines their professional goals, including understanding CSR, improving job performance, and exploring related roles. They discuss how current learning relates to future career goals and how they plan to apply this knowledge. Further, the student explores the role of CSR in stakeholder management and identifies areas for professional development, including enhanced communication and understanding business prospects. The report references relevant academic sources and aims to provide a comprehensive analysis of the student's learning journey and future aspirations within the business environment. The report also covers their future learning areas and competitive advantages that can be gained through CSR.

SELF-REFLECTION ON
LEARNING EXPERIENCE

INTRODUCTION
• I AM A STUDENT OF BUSINESS ENVIRONMENT
• I WORKED IN THE MULTINATIONAL COMPANY “WESFARMERS”
• I WORKED IN THE CSR DEPARTMENT AND THE HR DEPARTMENT OF THE
ORGANIZATION
• IN THE STUDY I FOCUS ON THE CORPORATE SOCIAL RESPONSIBILITY OF
THE ORGANIZATION
• THE ESSAY IS IN REGARDS TO THE CONCEPTUAL UNDERSTANDING OF
BUSINESSES

PROFESSIONAL GOALS
• TO UNDERSTAND CSR AND ITS IMPORTANCE IN THE CONTEXT OF
ORGANIZATIONAL FUNCTIONS
• TO BECOME AN EFFICIENT PERSON IN MY JOB ROLE
• TO EXPLORE OTHER SIMILAR JOB ROLES IN THE ORGANIZATION
• TO UNDERSTAND THE VARIOUS POLITICAL, ECONOMIC, SOCIAL,
TECHNOLOGICAL, LEGAL AND ENVIRONMENTAL FACTORS THAT AFFECT
ORGANIZATIONS
• TO GAIN ENOUGH EXPERIENCE TO MOVE FORWARD IN MY PROFESSIONAL
LIFE

RELATION BETWEEN PRESENT AND FUTURE
LEARNING
• THE PRESENT LEARNING THAT I RECEIVED IS IN REGARDS TO THE VARIOUS FACTORS
THAT AFFECT THE EXTERNAL ENVIRONMENT OF THE COMPANY WESFARMERS
• I LEARNT THAT BUSINESS ENVIRONMENT AS A CONCEPT MAKES IT NECESSARY TO
COMPLY WITH CSR
• I ALSO LEARNT THAT CSR ACTIVITIES WERE IMPORTANT FOR THE BUSINESS OF AN
MNC AS IT HELPS TO PROVIDE THE MAXIMUM CUSTOMER SERVICE
• IN FUTURE I CAN USE THIS KNOWLEDGE TO UNDERSTAND HOW CUSTOMERS CAN
PERCEIVE CSR INITIATIVES
• I WILL FOCUS ON UNDERSTANDING HOW ORGANIZATIONS CAN IMPROVE THEIR CSR
FUNCTIONS AS PER THEIR OPTIMAL POTENTIAL IN THE FUTURE

FURTHER LEARNING FOR PROFESSIONAL
DEVELOPMENT
• I WANT TO LEARN ABOUT THE RELATIONSHIP OF CSR WITH
STAKEHOLDER MANAGEMENT
• I WANT TO LEARN ABOUT THE VARIOUS FACTORS THAT CAN AFFECT THE
CSR INITIATIVES OF ORGANIZATIONS
• COMPETITIVE ADVANTAGE THAT CAN BE GAINED THROUGH CSR IS ALSO
A SIGNIFICANT FUTURE LEARNING AREA

LEARNING APPLICATION
• LEARNING ABOUT CSR WOULD HELP ME TO FORM ESSENTIAL CSR
STRATEGIES FOR MY ORGANIZATION
• I WOULD APPLY MY LEARNING TO HELP THE ORGANIZATION
UNDERSTAND THE MOST IMPORTANT CSR AREAS
• THE RELATIONS BETWEEN THE CONSUMER AND THE CSR CAN HELP ME
TO FORM STRATEGIES THAT ENABLE BETTER CUSTOMER ENGAGEMENT
• I CAN HELP MY PEERS AND SUBORDINATES WHILE THEY ENGAGE IN CSR
ACTIVITIES

PROFESSIONAL DEVELOPMENT BEYOND
FORMAL STUDY
• MY DEVELOPMENT BEYOND THE FORMAL STUDY WOULD REQUIRE ME TO
DEVELOP SOME ESSENTIAL SKILLS
• I WOULD NEED TO DEVELOP BETTER COMMUNICATION
• I WOULD REQUIRE TO IMPROVE MY INTERACTIVE FUNCTIONS WITH PEERS
AND SUBORDINATES
• I NEED TO CONSIDER THE FACTORS THAT ENHANCE THE BUSINESS
PROSPECTS OF THE ORGANIZATIONS
• I HAVE TO UNDERTAKE PERSONAL OUTLOOK, PERSONAL APPROACH AND
PERSONAL STRENGTH DEVELOPMENT EXERCISES

REFERENCES
• AMALRIC, F. AND HAUSER, J. (2015). ECONOMIC DRIVERS OF CORPORATE
RESPONSIBILITY ACTIVITIES. RETRIEVED
• BOURLAKIS, M., MAGLARAS, G., AKTAS, E., GALLEAR, D., AND
FOTOPOULOS, C. (2014). FIRM SIZE AND SUSTAINABLE
PERFORMANCE IN FOOD SUPPLY CHAINS: INSIGHTS FROM
GREEK SMES. INTERNATIONAL JOURNAL OF PRODUCTION
ECONOMICS, 152, PP. 112- 130.