Studying business subjects in the module is a pleasant experience, as I can prepare myself as a demanding professional in the business environment. It seems compelling to understand all dynamics of the business and adopt appropriate traitors and skills to contribute well. The business perception before and after studying these subjects was different. It justified the significance of module subjects.
The definition of the business, economic principles, and business environment is also changed due to the changing dynamics, both internal and external business environment. For instance, when studying external business analysis such as pestle, my perception regarding the strategic business process has changed. I wonder how political, economic, social, technological, legal, and environmental factors can create an impact on business strategies and overall business outcomes.
I have learned many things in this course. Studying business subjects was a wonderful experience for me. I understood the business in a better way. My thoughts regarding the business have changed. For instance, when studying contemporary business, I learned how to make effective business strategies for both internal and external business environments. Previously, I thought employees and customers were the main stakeholders of the company or business. Nonetheless, after studying the subject, I realized that suppliers, competitors, and the general public are also other prominent stakeholders. Hence, as a business professional or leader in an organization, my goal is to depict responsible behavior to contribute to society, economic, and business outcomes, and it can be a significant change in my life.
I have learned insights regarding the internal and external business environment in terms of stakeholders. In the present and future, my perception regarding the need of stakeholders has been changed. I realized that the current business environment is evolving or changing, and it also changed the perceptions of stakeholders. Therefore, I have to respond accordingly in the present and future environment
I must learn about multiple strategic analysis tools, which can be used to assess the internal and external business environment. I just navigated SWOT and Pestle as crucial tools. However, perceived these tools differently, as these can help to gather valuable insights and make effective competitive decisions. In short, strategic management skills are to be developed.
Later in my professional life, I can be in a better position to come up with some customer skills and strategies, for instance, I have to know or understand how customers behave in the competitive market. Purchase decision and post-purchase behavior must be elaborated in the future due to evolving customer trends in competitive markets.
For further professional development, I must learn how to identify strengths and weaknesses in my personality as a key business stakeholder. Gibbs’ reflective cycle is still effective. However, outside formal studies, I have to conduct a personal assessment to set the foundation for a better future as a professional.
In the end, it is to conclude that this learning has changed my perception of the business environment entirely. The module was an essential source for me to get information and understand multiple theories and models. The entire content was a game chafer for me, and it set the foundation for me to emerge in the future business environment strongly.
