Examine the influence of the external environment including political, government regulation, economic (macro and micro) and social factors on the organisation
Subject Code and Title BIZ202: The Business Environment
Assessment Environmental Scan Report – Part B
Individual/Group Individual
Length 1200 words
Learning Outcomes a) Examine the influence of the external environment including political, government regulation, economic (macro and micro) and social factors on the organisation
b) Identify and apply appropriate frameworks and tools to the problems and challenges faced by organisations
c) Research and relate industry specific factors to the organisation decision-making
Submission Module 4 (Week 8)
Weighting 30%
Total Marks 100 marks
Context:
Businesses in the modern marketplace cannot afford to ignore the environments in which they operate. To navigate this vast and everchanging landscape, businesses must keep a keen eye on external factors which influence it. Policy changes, changes in government regulation and changes in national and global macroeconomic indicators, changes in microeconomics factors, social factors, comply with social changes and social responsibility 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 environmental factors which influence business;
• Assess and address the challenges and risks which businesses face due to external factors specifically political, government regulation, economic (macro and micro) and social factors ;
• Identify and present appropriate solutions to offset these risks;
• Propose strategies to prevent further risk
Linkages between Part A and Part B:
BIZ202_Assessment 2 Brief_Environmental_Scan_Part B Page 1 of 6
Part A of this assessment focuses on the setting a senerio of environmental scan for the business along with analysing factors such as external political and macroeconomic factors affecting on the organisation.
Part B serves to expand on Part A through identifying challenges business facing not only through political and macroeconomic factors but alos by adding changes in microeconomics factors, social factors, comply with social changes and social responsibility and 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.
Instructions:
Part B of the environmental scan is aimed at expanding the Part A report by including additional factos and critically analysing data and information of the chosen business and proposing solutions to the environmental challenges faced by businesses. Using the tools and learning frameworks provided in the content, you must:
Part B
• Critically analyse business performance of the chosen business by researching data/information and link how some changes in the business structure, profitability, success/failure can potentially be a result from the affect of the the factors mentioned above (Policy changes, changes in government regulation and changes in national and global macroeconomic indicators, changes in microeconomics factors, social factors, comply with social changes and social responsibility)
• Identify and analyse environmental factors (mentioned above ) which influence chosen Australian businesses specifically
• Categorically and comprehensively respond with a solution to all of the environmental risks and challenges laid out in Part A
• The structure of the assignment should follow standard report structure
? Introduction and background information
? Body of information and discussion of relevant topics
? Conclusion and summary
? Referencing in the APA style
Submission Instructions:
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.
BIZ202_Assessment 2 Brief_Environmental_Scan_Part B Page 2 of 6
Learning Rubric: Environmental Scan Report – Part B
Assessment Attributes Fail (Unacceptable) (0-49) Pass
(Functional) (50-64) Credit
(Proficient) (65-74) Distinction
(Advanced) (75-84) High Distinction
(Exceptional) (85-100)
Grade
Description
(Grading Scheme)
Fail grade will be awarded if a student
is unable to demonstrate satisfactory academic performance in the subject or has failed to complete required assessment points in accordance with the subject’s required assessment points. Pass is awarded for work showing a satisfactory achievement of all learning outcomes and an adequate understanding of theory and application of skills. A consistent academic referencing system is used and sources are appropriately acknowledged. Credit is awarded for work showing a more than satisfactory achievement of all learning outcomes and a more than adequate understanding of theory and application of skills. A consistent academic referencing system is used and sources are appropriately acknowledged. Distinction is awarded for work of superior quality in achieving all learning outcomes and a superior integration and understanding of theory and application of skills. Evidence of indepth research, reading, analysis and evaluation is demonstrated. A consistent academic referencing system is used and sources are appropriately acknowledged. High Distinction is awarded for work of outstanding quality in achieving all learning outcomes together with outstanding integration and understanding of theory and application of skills. Evidence of indepth research, reading, analysis, original and creative thought is demonstrated. A consistent academic referencing system is used and sources are appropriately acknowledged.
Analysis of
Environment
20%
Examine the Limited understanding of the environmental factors influencing the chosen business.
Identifies a proportion of the environmental factors influencing the chosen business; the largest influencers are named. Identifies a majority of the environmental factors influencing the chosen business.
Correctly identifies all of the environmental factors influencing the chosen business.
Not only identifies all environmental factors, provides insight and discussion on potential further environmental challenges faced by the
influence of the external
environment on the organisation
Neglects to subcategorise the environmental factors
into the five categories of environmental influences.
No references
Correctly subcategorises a majority of the factors discussed.
Accesses relevant information to discuss and categorise environmental factors. Incomplete reference list.
Correctly subcategorises and explains all of the factors discussed.
Accesses and correctly references relevant information to discuss and categorise environmental factors.
Complete reference list.
Correctly subcategorises and thoroughly explains all of the factors discussed.
Accesses and correctly references relevant information to discuss and categorise environmental factors.
Correct reference list. business.
Discusses the wider Australian business environment as well as the external environment of the chosen business to provide a linked picture of the complete external environment of the chosen business.
Mastery of concepts and application to new situations/further learning.
Comprehensive
reference list with all new points cited correctly.
Application of
Framework
50%
Identify and apply appropriate
frameworks and tools to the Demonstrates no understanding of framework concepts relevant to the five external environment components. Demonstrates little understanding of strategies to respond to the external business environment by providing non-specific solutions to issues discussed in the report.
Demonstrates correct and complete knowledge of strategies relevant to the business chosen, offers solutions to a range of issues presented in the case.
Identifies the key issues in the external business environment and provides a correct strategy to deal with each.
Identifies the key issues in the external business environment and provides a correct strategy to deal with each, as well as a thorough explanation and justification of each strategy, and a
problems and
challenges faced by organisations
feasible method of implementation.
Industry Specific
Decision-Making
Factors
20%
SLO addressed:
a) Research and relate industry specific factors to the organisation decisionmaking Fail to discuss the Australian industry specific factors related to business Broadly mentions industry factors relevant to the external business environment Researches and discusses a range of industry factors which contribute to the external business environment. Researches and discusses a range of industry factors which contribute to the external business environment. Ties these factors in with reference to the Australian/local business environment/context. References this information to develop decision making strategies. Researches and thoroughly discusses all industry specific factors which contribute to the external business environment. Ties these factors in with reference to the Australian/local business environment/context. Uses this information to develop relevant decision making strategies.
Correct citation of key resources and evidence
10%
Overall structure, Demonstrates inconsistent use of good quality, credible and relevant resources to support and develop ideas. Demonstrates use of credible and relevant resources to support and develop ideas, but these are not always explicit or well developed. Demonstrates use of high quality, credible and relevant resources to support and develop ideas. Demonstrates use of good quality, credible and relevant resources to support and develop arguments and statements. Shows evidence of wide scope Demonstrates use of high-quality, credible and relevant resources to support and develop arguments and position statements. Shows evidence of wide scope
appearance and referencing of the
report are assessed
within the organisation for sourcing evidence.
within and without the organisation for sourcing evidence
Assessment Environmental Scan Report – Part B
Individual/Group Individual
Length 1200 words
Learning Outcomes a) Examine the influence of the external environment including political, government regulation, economic (macro and micro) and social factors on the organisation
b) Identify and apply appropriate frameworks and tools to the problems and challenges faced by organisations
c) Research and relate industry specific factors to the organisation decision-making
Submission Module 4 (Week 8)
Weighting 30%
Total Marks 100 marks
Context:
Businesses in the modern marketplace cannot afford to ignore the environments in which they operate. To navigate this vast and everchanging landscape, businesses must keep a keen eye on external factors which influence it. Policy changes, changes in government regulation and changes in national and global macroeconomic indicators, changes in microeconomics factors, social factors, comply with social changes and social responsibility 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 environmental factors which influence business;
• Assess and address the challenges and risks which businesses face due to external factors specifically political, government regulation, economic (macro and micro) and social factors ;
• Identify and present appropriate solutions to offset these risks;
• Propose strategies to prevent further risk
Linkages between Part A and Part B:
BIZ202_Assessment 2 Brief_Environmental_Scan_Part B Page 1 of 6
Part A of this assessment focuses on the setting a senerio of environmental scan for the business along with analysing factors such as external political and macroeconomic factors affecting on the organisation.
Part B serves to expand on Part A through identifying challenges business facing not only through political and macroeconomic factors but alos by adding changes in microeconomics factors, social factors, comply with social changes and social responsibility and 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.
Instructions:
Part B of the environmental scan is aimed at expanding the Part A report by including additional factos and critically analysing data and information of the chosen business and proposing solutions to the environmental challenges faced by businesses. Using the tools and learning frameworks provided in the content, you must:
Part B
• Critically analyse business performance of the chosen business by researching data/information and link how some changes in the business structure, profitability, success/failure can potentially be a result from the affect of the the factors mentioned above (Policy changes, changes in government regulation and changes in national and global macroeconomic indicators, changes in microeconomics factors, social factors, comply with social changes and social responsibility)
• Identify and analyse environmental factors (mentioned above ) which influence chosen Australian businesses specifically
• Categorically and comprehensively respond with a solution to all of the environmental risks and challenges laid out in Part A
• The structure of the assignment should follow standard report structure
? Introduction and background information
? Body of information and discussion of relevant topics
? Conclusion and summary
? Referencing in the APA style
Submission Instructions:
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.
BIZ202_Assessment 2 Brief_Environmental_Scan_Part B Page 2 of 6
Learning Rubric: Environmental Scan Report – Part B
Assessment Attributes Fail (Unacceptable) (0-49) Pass
(Functional) (50-64) Credit
(Proficient) (65-74) Distinction
(Advanced) (75-84) High Distinction
(Exceptional) (85-100)
Grade
Description
(Grading Scheme)
Fail grade will be awarded if a student
is unable to demonstrate satisfactory academic performance in the subject or has failed to complete required assessment points in accordance with the subject’s required assessment points. Pass is awarded for work showing a satisfactory achievement of all learning outcomes and an adequate understanding of theory and application of skills. A consistent academic referencing system is used and sources are appropriately acknowledged. Credit is awarded for work showing a more than satisfactory achievement of all learning outcomes and a more than adequate understanding of theory and application of skills. A consistent academic referencing system is used and sources are appropriately acknowledged. Distinction is awarded for work of superior quality in achieving all learning outcomes and a superior integration and understanding of theory and application of skills. Evidence of indepth research, reading, analysis and evaluation is demonstrated. A consistent academic referencing system is used and sources are appropriately acknowledged. High Distinction is awarded for work of outstanding quality in achieving all learning outcomes together with outstanding integration and understanding of theory and application of skills. Evidence of indepth research, reading, analysis, original and creative thought is demonstrated. A consistent academic referencing system is used and sources are appropriately acknowledged.
Analysis of
Environment
20%
Examine the Limited understanding of the environmental factors influencing the chosen business.
Identifies a proportion of the environmental factors influencing the chosen business; the largest influencers are named. Identifies a majority of the environmental factors influencing the chosen business.
Correctly identifies all of the environmental factors influencing the chosen business.
Not only identifies all environmental factors, provides insight and discussion on potential further environmental challenges faced by the
influence of the external
environment on the organisation
Neglects to subcategorise the environmental factors
into the five categories of environmental influences.
No references
Correctly subcategorises a majority of the factors discussed.
Accesses relevant information to discuss and categorise environmental factors. Incomplete reference list.
Correctly subcategorises and explains all of the factors discussed.
Accesses and correctly references relevant information to discuss and categorise environmental factors.
Complete reference list.
Correctly subcategorises and thoroughly explains all of the factors discussed.
Accesses and correctly references relevant information to discuss and categorise environmental factors.
Correct reference list. business.
Discusses the wider Australian business environment as well as the external environment of the chosen business to provide a linked picture of the complete external environment of the chosen business.
Mastery of concepts and application to new situations/further learning.
Comprehensive
reference list with all new points cited correctly.
Application of
Framework
50%
Identify and apply appropriate
frameworks and tools to the Demonstrates no understanding of framework concepts relevant to the five external environment components. Demonstrates little understanding of strategies to respond to the external business environment by providing non-specific solutions to issues discussed in the report.
Demonstrates correct and complete knowledge of strategies relevant to the business chosen, offers solutions to a range of issues presented in the case.
Identifies the key issues in the external business environment and provides a correct strategy to deal with each.
Identifies the key issues in the external business environment and provides a correct strategy to deal with each, as well as a thorough explanation and justification of each strategy, and a
problems and
challenges faced by organisations
feasible method of implementation.
Industry Specific
Decision-Making
Factors
20%
SLO addressed:
a) Research and relate industry specific factors to the organisation decisionmaking Fail to discuss the Australian industry specific factors related to business Broadly mentions industry factors relevant to the external business environment Researches and discusses a range of industry factors which contribute to the external business environment. Researches and discusses a range of industry factors which contribute to the external business environment. Ties these factors in with reference to the Australian/local business environment/context. References this information to develop decision making strategies. Researches and thoroughly discusses all industry specific factors which contribute to the external business environment. Ties these factors in with reference to the Australian/local business environment/context. Uses this information to develop relevant decision making strategies.
Correct citation of key resources and evidence
10%
Overall structure, Demonstrates inconsistent use of good quality, credible and relevant resources to support and develop ideas. Demonstrates use of credible and relevant resources to support and develop ideas, but these are not always explicit or well developed. Demonstrates use of high quality, credible and relevant resources to support and develop ideas. Demonstrates use of good quality, credible and relevant resources to support and develop arguments and statements. Shows evidence of wide scope Demonstrates use of high-quality, credible and relevant resources to support and develop arguments and position statements. Shows evidence of wide scope
appearance and referencing of the
report are assessed
within the organisation for sourcing evidence.
within and without the organisation for sourcing evidence
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