11 Jul BODY OF INFORMATION AND DISCUSSION OF RELEVANT TOPICS BY USING DATA/INFORMATION FROM RELEVANT SOURCES AND CRITICALLY ANALYSE THE FACTORS INFLUENCING BUSINESS.
a) Understand the concept and importance of
environmental scan for a business.
b) Examine the influence of the external political
and macroeconomic factors affecting on the
organisation
c) Identify and apply appropriate frameworks and
tools to the problems and challenges faced by
organisations
Context:
Businesses in the modern marketplace cannot afford to ignore the external environmental
factors in which they operate. To navigate this vast and everchanging landscape, businesses
must keep a keen eye on these factors which influence it. Policy changes, changes in
government regulation and changes in national and global macroeconomic indicators all can
impact on a businesses success. The environmental scan report is an effort to identify these
factors and propose solutions to the risks they pose.
Objectives:
To more broadly understand the the concept and importance of environmental scan;
Assess and address the challenges and risks which businesses face due to external
factors specifically policy changes, changes in government regulation and changes in
national and global macroeconomic indicators ;
Identify and present appropriate solutions to offset these risks;
Propose strategies to prevent further risk
Part A of this assessment focuses on identifying the importance of environmental scan for
business environment. Identification and characterisation of risks as well as a comprehensive assessment of environmental factors specifically policy changes, changes in government regulation and changes in national and global macroeconomic indicators influencing the business will be presented in this first part of the scan.
Part B serves to expand on Part A through extension of assessment of environmental factors specifically microcroeconomic indicators influencing the business; social Factors, consumer preferences, social changes and social responsibility in business decision. Also part B focuses on developing strategies not only to counter the risks faced by the business as identified in Part A, but also to prevent future environmental challenges, as well as anticipate and deal with environmental shifts.
Part A of the environmental scan serves the purpose of understanging the concept of environmental scan, ways businesses are conducting scan and collecting useful information about a business’ environment in one place. You will work individually to identify any relevant information about the environment of a chosen organisation. You must choose an Australian business still in operation, and view the buusiness through the context of the four components of an organisations external environment, as discussed in the subject content. The development of the environmental scan must incorporate the following elements:
Define environmental scan and critically anayse the importance of environemtal scan for a business along with different ways business conduct environmental scan
Describe the three types of factors (policy changes, changes in government regulation and changes in national and global macroeconomic indicators ) which can influence the environments in which businesses operate
Identify an Australian businesses, give a background of the choosen business.
Identify and analyse environmental factors (policy changes, changes in government regulation and changes in national and global macroeconomic indicators ) which influence chosen Australian businesses specifically
The structure of the assignment should follow standard report structure
Introduction and background information of environemtal scan and choosen business
Body of information and discussion of relevant topics by using data/information from relevant sources and critically analyse the factors influencing business.
Conclusion and summary
Referencing in the APA style
Submit copy of Environmental Scan Report in .docx or .pdf format via the Assessment link in the main navigation menu in BIZ202 The Business environment. The Learning Facilitator will provide feedback with reference to the criteria below via the Grade Centre in the LMS portal. Feedback can be viewed in My Grades.
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