MGT501 Business Environment Report Sample

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MGT501 Business Environment Report Sample

Assessment Task

This assessment requires you to conduct a final reflection and create a 5 minutes video discussing your learning experience and how it has evolved during the course of the subject. This assignment requires you to revisit the Initial Reflection you completed for Assessment 1, where you examined what motivated you to undertake your current course of study.

Context

Self-reflection is a way of assessing yourself and understanding the reasons for your life experiences. It is about analysing what you do, why you do it and its’ future implications. Self-reflection also enhances self-awareness that provides solid basis for empathy and good leadership. Most importantly, it enables you to develop your skill and ability to strengthen reflective inquiries with theoretical evidence: theory practice interface. This assessment provides you with an opportunity to reflect on your learnings (subject content) so far, and how these learnings can be applied in your journey of becoming a business practitioner.

Instructions

1. Create a 5 minutes video presentation reflecting on your learning experience in this subject. This requires you to compare your thinking at the start of the subject to your current thinking now that you are nearing the completion of the subject. In other words, you should reflect on how your understanding of business/ project environment has changed since the start of thissubject?

2. Presentation Questions:

The presentations should address the following questions, along with any other relevant points:

• Has your understanding of business/ project environment and its economic principles changed?
• What are your professional goals?
• How does what you have learned relate to your present and future career/profession aspiration?
• As you think about the future, how might you apply your learning experiences in the life of your profession?
• What could you do to further your professional development outside of formalstudies?

3. Key points to consider:

• Please focus on how the subject content has shaped your thinking about the interface between business/ project environment and your future career aspirations.
• The video presentation needs to include lessons learnt throughout the subject, and how these lessons can be integrated into your professional life.
• For the purpose of this assessment, please state and adhere to a verifiable reflective model such as Gibbs (1988) or Driscoll (1994).

4. Tips on creating your video presentation

• PowerPoint/Prezi slides are NOT permitted
• Make sure to introduce yourself and the reason for the presentation
• Be specific and clear, as you will be assessed on originality and authenticity.
• Pay attention to video and audio quality, sincerity of presentation, clarity of your perspective and overall impact on the audience.
• Your presentation must be in video format (e.g., mp4, MOV, etc.)
• Please enclose your reference listing at the end of your video presentation

5. You are strongly advised to read the rubric which is an evaluation guide with criteria for grading your assignment – this will give you a clear picture of what a successful reflection presentation looks like.

Solution

Description

The modules give us an overall view of the business management system and the various aspects related to it. The first module gives an overview of the reflective business practices that managers follow to sharpen their decision-making skills. In the second module, we get an idea of the two broad categories of business environment namely the general or macro-environment and the specific or micro-environment. University Assignment Help, The third module speaks about the qualities required to be a good project manager and drive the business towards success. The fourth module helped me to understand how the customers and the governments are the two most important stakeholders in the world of business (Laursen, & Thorlund, 2017). I acquired the knowledge of competitor analysis and how it plays a crucial role in assessing the overall aspects of a business through the fifth module. The sixth and final module taught me to be socially responsible towards my society and adapt to the recent technological advancements to propel my business to greater heights (Wain, 2017). All the lessons covered in the modules are equally informative and important for business management.

Feeling

I feel that I have gained more knowledge about the various important aspects of business management through the very comprehensive modules. My concepts on the duties of a project manager have become a lot clearer than before through this course (Potter, 2015). However, I feel that business organizations should stress more on carrying out their social duties to address the rising environmental concerns rather than working with a profit-oriented business mindset fuelled by globalization.

Evaluation

I was able to properly understand the significance of the different aspects and facets of business management through the course modules. I gained a clear idea of the modern corporate world and the technical requirements I need to develop to become a capable and adept project manager. Personally, I feel that these theoretical concepts would become clearer if we do more research to gain additional information (Lawrence, 2018)

Analysis

It was an exhilarating experience to learn the theoretical concepts of business management from a project manager's perspective in such depth and clarity as a student. The reflective business policies will prove to be very beneficial in analyzing my mistakes and exploring the scope for improvement when I become a project manager (Sekarwinahyu et al., 2019). However, I honestly feel that a practical module should also be included along with the theoretical modules to gain a first-hand experience and better understand the topics when put into actual use (Bassot, 2020).

Conclusion

I can safely conclude that the modules provide significant knowledge on relevant and vital topics required for my future when I pursue business management as a project manager. The only modification that can be made to the existing course structure is by incorporating a practical learning scope into the already detailed theoretical modules (Wang, Biesheuvel, & Lin, 2018).

Action Plan

After gaining adequate knowledge and developing some analytical skills through my course, I am eager to implement my decision-making strategies and assessment skills to actual practical use. I have decided to continue researching further on this topic to gain more insight into the business industry (Ikin, & Syafryadin, 2020).

References

Ikin, S. A., R, B. F., & Syafryadin, S. (2020). Using gibbs reflective cycle in making reflections of literary analysis, 6(2), 139–148. https://lesa.on.worldcat.org/v2/oclc/9118254294

Wang, L., Biesheuvel, P. M., & Lin, S. (2018). Reversible thermodynamic cycle analysis for capacitive deionization with modified donnan model. Journal of Colloid and Interface Science, 512, 522–528. https://lesa.on.worldcat.org/v2/oclc/7182812470

Bassot, B. (2020). The reflective journal (3rd ed.). Macmillan Education UK. Retrieved November 26, 2021, from https://lesa.on.worldcat.org/v2/oclc/1225554599

Laursen, G. H. N., & Thorlund, J. (2017). Business analytics for managers : taking business intelligence beyond reporting (Second, Ser. Wiley & sas business series). John Wiley & Sons. Retrieved November 26, 2021, from https://lesa.on.worldcat.org/v2/oclc/952200308

Potter, C. (2015). Leadership development: an applied comparison of gibbs’ reflective cycle and scharmer’s theory u. Industrial and Commercial Training, 47(6), 336–342. https://lesa.on.worldcat.org/v2/oclc/7818595370

Sekarwinahyu, M., Rustaman, N. Y., Widodo, A., Riandi, R., & International Conference on Mathematics and Science Education 2018, ICMScE 2018. (2019). Development of problem based learning for online tutorial program in plant development using gibbs' reflective cycle and e-portfolio to enhance reflective thinking skills. Journal of Physics: Conference Series, 1157(2). https://lesa.on.worldcat.org/v2/oclc/8056092301

Lawrence, P. (2008). Reflecting on events: the gibbs reflective cycle to explain how the care he provides can be improved. Emergency Nurse -Harrow Then Cardiff-, 15(9), 16–19. https://lesa.on.worldcat.org/v2/oclc/225733960

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