Assignment: Business Environment
Length: 2000 words.
Outcomes
This assessment addresses the following subject learning outcomes:
a) critically evaluate the effect of the external environment on firms
b) select and apply appropriate frameworks to resolve the challenges faced by firms
c) analyse and synthesise industry specific factors in the context of firm decision-making processes
Context:
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.
Instructions:
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:
• 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.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also include a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also Include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.