Torrens University MGT501 Business Environment: Intent Letter Analysis

This assignment is an intent letter submitted by Gurram Malla Reddy for the MGT501 Business Environment course at Torrens University. The letter reflects on the student's learning experiences, professional goals, and aspirations within the context of a changing business environment. Reddy discusses how the course has influenced his thought process, particularly regarding market analysis and future industry trends. He outlines short-term and medium-term goals, focusing on gaining industry experience and researching emerging technologies. The student expresses a desire to become an entrepreneur and connect his learning with real-world experiences, including travel, to develop sustainable business models. The assignment demonstrates an understanding of reflective practice and the ability to analyze the business environment, as required by the course assessment criteria. The student aims to apply course concepts to future career endeavors, showcasing an understanding of economic principles and stakeholder perspectives. The assignment fulfills the assessment requirements by developing and applying a conceptual understanding of reflective practice in a business context, critically evaluating economic principles and stakeholder viewpoints, analyzing business fundamentals, and constructing a professional value proposition.

Introduction
Hi, this is Gurram Malla Reddy, I am pursuing course number MGT501 and my specialization
area is BUSINESS ENVIRONMENT. I am quite optimistic that the wisdom that I gained here
will certainly help me in exploring a distinctive identity in the world of business and
entrepreneurship.
How my thought Process has changed with the passage of time
A few weeks ago I started my stint with this course with a question that conventional
environment of business is changing, the industries of future, equipped with robotic arms and
free skies are all set to unfold themselves. In an environment like this, how I will be able to
survive and make it big? This course taught me about accessing the market conditions and
predict the future based on the past trend lines. This course taught me that the theories of market
regulation say that economist and regulatory authorities ensure protection for the existing
investors and business owners against the arrival of new trends, This knowledge helped me in
conceiving a wish list for a business module. Based on this wish list I set some professional goals
for myself.
My professional goals and how I learn to relate to future environments
My first goal is a short term goal, where I need to select an industry sector and work there under
the capacity of an executive to learn the ropes of that corresponding trade. My second term goal
is the medium-term goal; under this goal, I will study that particular industry sector with
academic precision. After the development of the insights I will search for some breakthrough
technologies that can become the technology of the future.
What I think about the future and how I will connect this wisdom with my future
endeavors
Now I want to learn more about future technologies and how they are going to change the
environment of business. The simplification of processes and removal of entry barriers is
creating a new business where technologies like “BlockChain” and others are all set to make an
entry. Now I am capable of quantifying business opportunities. In the coming future, I want to

enter in the shoes of an entrepreneur and work on the fundamental equations to serve the future
markets.
Outside the formal studies
I want to travel and experience the aroma of new places. Sources like the internet are well
equipped to give us some answers, but they have their own set of limitations attached to them. I
am optimistic that I will be able to covert my travel experiences into a tangible product or a set
of services to develop a sustainable business model of the future.