Examine the influence of the external environment

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Reference no: EM131726112 , Length: word count:1200

The Business Environment Assessment - Environmental Scan Report - Part B

Learning Outcomes -

a) Examine the influence of the external environment on the organisation

b) Identify and apply appropriate frameworks and tools to the problems and challenges faced by organisations

c) Research and relate industry specific factors to the organisation decision-making

Context:

Businesses in the modern marketplace cannot afford to ignore the environments in which they operate. To navigate this vast and everchanging landscape, businesses must keep a keen eye on external factors which influence it. Customer behaviour, government regulatory policy and economic policy, competitor strategy and public opinion all can impact on a businesses success. The environmental scan report is an effort to identify these factors and propose solutions to the risks they pose.

Objectives:

To more broadly understand the environmental factors which influence business;
Assess and address the challenges and risks which businesses face due to external factors;
Identify and present appropriate solutions to offset these risks;
Propose strategies to prevent further risk

Linkages between Part A and Part B:

Part A of this assessment focuses on the broad assessment of the business environment. Identification and characterisation of risks as well as a comprehensive assesment of environmental factors influencing the business will be presented in this first part of the scan. Part B serves to expand on Part A through developing strategies not only to counter the risks faced by the business as identified in Part A, but also to prevent future environmental challenges, as well as anticipate and deal with environmental shifts.

Instructions:

Part B of the environmental scan is aimed at proposing solutions to the environmental challenges faced by businesses. Using the tools and learning frameworks provided in the content, you must:

Part B

Discuss general and historically relevant responses to the four types of factors which can influence the environments in which businesses operate

Categorically and comprehensively respond with a solution to all of the environmental risks and challenges laid out in Part A

The structure of the assignment should follow standard report structure

Introduction and background information
Body of information and discussion of relevant topics
Conclusion and summary
Referencing in the APA style

Reference no: EM131726112

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Reviews

len1726112

11/16/2017 7:25:12 AM

Australian student, need Part B of total 1200 words. Based on Part A, will share it with start working email. NEED IT ASAP, BY TOMORROW MORNING 9 AM ANYHOW. Submit copy of Environmental Scan Report in .docx or .pdf format via the Assessment link in the main navigation menu in BIZ202 The Business environment. The Learning Facilitator will provide feedback with reference to the criteria below via the Grade Centre in the LMS portal. Feedback can be viewed in My Grades. Identifies the key issues in the external business environment and provides a correct strategy to deal with each, as well as a thorough explanation and justification of each strategy, and a feasible method of implementation.

len1726112

11/16/2017 7:25:06 AM

High Distinction is awarded for work of outstanding quality in achieving all learning outcomes together with outstanding integration and understanding of theory and application of skills. Evidence of in- depth research, reading, analysis, original and creative thought is demonstrated. A consistent academic referencing system is used and sources are appropriately acknowledged. Not only identifies all environmental factors, provides insight and discussion on potential further environmental challenges faced by the business. Discusses the wider Australian business environment as well as the external environment of the chosen business to provide a linked picture of the complete external environment of the chosen business. Mastery of concepts and application to new situations/further learning. Comprehensive reference list with all new points cited correctly.

len1726112

11/16/2017 7:24:57 AM

Researches and thoroughly discusses all industry specific factors which contribute to the external business environment. Ties these factors in with reference to the Australian/local business environment/context. Uses this information to develop relevant decision making strategies. Demonstrates use of highquality, credible and relevant resources to support and develop arguments and position statements. Shows evidence of wide scope within and without the organisation for sourcing evidence.

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