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MGT501 Business Environment

tag 0 Download 10 Pages / 2,453 Words tag 03-06-2021


This assessment addresses the following subject learning outcomes:

  1. a) critically evaluate the effect of the external environment on firms
  2. b) select and apply appropriate frameworks to resolve the challenges faced by firms
  3. c) analyse and synthesise industry specific factors in the context of firm decision-making processes

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

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

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

2)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

Examine the influence of the external environment on the organization

 (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.)

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

(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.)

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Total 10 pages

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To export a reference to this article please select a referencing stye below:

My Assignment Help (2021) Business Environment [Online]. Available from:
[Accessed 06 December 2022].

My Assignment Help. 'Business Environment' (My Assignment Help, 2021) <> accessed 06 December 2022.

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