Assignment Task:
Learning Outcomes:
a) Examine the influence of the external environment on various business organizations.
b) Identify and apply appropriate frameworks and tools to the problems and challenges faced by organizations.
c) Research and relate industry-specific factors to the organization’s decision-making process.
e) Analyze recent media reports related to business environmental forces on potential growth opportunities or threats for business organizations.
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Businesses in the modern marketplace cannot afford to ignore the macro-environment in which they operate. To navigate this vast and everchanging landscape, businesses must keep a keen eye on external macro factors that influence it. The media summary analyses report is an effort to identify some of these macro-environmental factors that impact on the external context of the commercial landscape while developing an awareness of potential risk and propose solutions to the risks they pose.
Objectives:
– To more broadly understand the macro-environmental factors with real-world examples which influence businesses;
– Assess and address the challenges and risks which businesses face due to external macro factors;
– Identify and present appropriate business strategies to offset these risks.
Task Instructions:
With reference to the list of following sources (below), find an article that relates to the political, legal/ regulatory and economic environments. Your article should illustrate the key concepts and practices which have been discussed in the course. The article must relate to a company that is still in operation. The relevant articles must be published within the last 3 months from the deadline stated in the assessment brief.
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