Assignment:
Section: The Organizational Profile
For this week's Assignment, you will continue to play the role of a consultant who has been brought in by the CEO of your selected organization to lead a tiger team.
Review: Strategy Playbook for Exceptional Results
Report prepared by: Lakenya Campbell
Date: September 6th, 2026
Walden University
MBAX 6990: Capstone: Sustainable Business Practices and Strategies
Submit your 3- to 4-page analysis of the social economic climate, including the following:
Part: Analyzing the Social and Economic Climate
1. Identify the external social and economic impacts of the organization. Need Assignment Help?
2. Examine how the social environment can influence the organization's business strategy. Be specific, including what factors are most conducive to influencing.
3. To support your assertions, research and locate at least two organizational examples of business practices that have shown success factors. For each example, do the following:
- Briefly describe each organization (including what type of company it is, what sector/industry it is in, etc.).
- Provide at least one specific example of how each organization employs (or employs) these factors in its business practices.
The Social and Economic Impacts of an Organization
Imagine a small town in which a new factory is built. Then think about how that business might impact its local community. You may consider the possible job opportunities that the factory will provide to people living in the area, or perhaps you might think of the potential impact to the environment of gases or other chemicals introduced into the air or water supply as a result of production. Or perhaps, that factory, through its corporate social responsibility practices, can provide services that benefit the neighborhoods and families in its local or even global community. No business operates in a vacuum, and whether positive or negative, it is likely to have some kind of impact based on its business practices. Using these resources, you will consider the social and economic impacts of organizations.
- Lumen Learning. (n.d.). The business environment. In Boundless business.
- Impactgarden.org. (n.d.). Responsible business.
- TED. (2013, October 7). Michael Porter: Why business can be good at solving social problems. [Video]. YouTube.
Understanding the Business Environment
In addition to understanding how a business influences the environment in which it operates, it is critical to understand how that environment influences the stability and success of a business. The outside business climate includes financial, political, regulatory, social, and other environmental factors that can have a significant impact on how a business operates and engages with its customers and stakeholders. Remaining aware of the ever-changing needs and influences of society is critical for business leaders so that they can remain competitive in the market while also advancing the organization's strategic initiatives.
- Duro, K. (2018, March 26). The effects of social environment on business. Imperium Apps.
- Edumecate. (2020, March 6). Social influences on business (external influences on businesses). [Video]. YouTube.
- Gitman, L. J., McDaniel, C., Shah, A., Reece, M., Koffel, L., Talsma, B., & Hyatt, J. C. (2018). 1.2 understanding the business environment. In Introduction to business. OpenStax.
- Harary, M. (2021, July 1). How companies can lead the way for Generation Z. Forbes.
- Unruh, G., & Bach, D. (2021). The politics of business: A playbook emerges. Rotman Management, 48-53.
- Young, D. (2021, June 28). How environmental, social, and governance reporting grew up. strategy+business.