BIZ202_Assessment_2_Brief_Macro_Environment_Report_Module 4 Page 1 of 5 ASSESSMENT 2 BRIEF Subject Code and Title BIZ202 The Business Environment Assessment Macro Environment Report Individual/Group...

1 answer below »

BIZ202_Assessment_2_Brief_Macro_Environment_Report_Module 4

Page 1 of 5
ASSESSMENT 2 BRIEF
Subject Code and Title BIZ202 The Business Environment
Assessment Macro Environment Report
Individual/Group Individual
Length 1500 words ± 10%
Learning Outcomes a) Examine the influence of the external environment on
organisations.
) 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 process.
d) Apply a relevant framework(s) to evaluate the micro
and macro environmental influences on an organisation.
Submission Due by 11:55pm AEST/AEDT Sunday of Module 4.2 (Week
8)
For Intensive Class: Due by 11:55pm AEST/AEDT Sunday
of Module 4 (Week 4)
Weighting 40%
Total Marks 100 marks
Assessment Task
Prepare a business report on macro environment of a chosen business.
Context:
Businesses in the modern marketplace 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 macro environmental factors that influence them. By completing this
assessment, you will demonstrate the importance of understanding and assessing the
macro environment of business.

BIZ202_Assessment_2_Brief_Macro_Environment_Report_Module 4

Page 2 of 5
Instructions:
Follow the instructions below to complete this assessment.
1. Choose a newspaper article(s) about an Australian or international business still in
operation published within last thirteen weeks from the submission date of this
assessment from the listed sources below (choosing an article(s) older than the
specified period and/or from a source apart from the following will result in an
automatic fail for this assessment).
ABC News
Al Jazeera News
BBC News
Bloomberg
Business Insider Australia
Business Insider US
CNBC News
Financial Times
Fo
es
Harvard Business Review
SBS News
Sydney Morning Herald
SkyNews Business News
The Australian
The Australian Financial Review
The Economist
The Guardian
The Independent
Wall Street Journal
2. Write a business report identifying and analysing two macro environmental
factors (political, legal, environmental, economic, sociocultural or technological)
of the business from the chosen newspaper article(s) incorporating the following:
a. Identify and analyse two macro environmental factors that influence the
chosen business specifically. The analysis must include how macro
environmental factors have impacted the chosen business (e.g. what
change(s) have they
ought to the business). It must be supported by
data, facts, figures or any other evidences. These changes may be in terms
of but not limited to changes in sales
evenues, costs, profitability,
number of customers, reputation, growth, market share, business
structure, policies, or impacting the business in any other way.
. Through your research on the business, identify one potential challenge or
opportunity that may arise from any of the macro environmental factors
and make two recommendations about suitable course of action for the
usiness. The challenge or opportunity may not necessarily be from the
BIZ202_Assessment_2_Brief_Macro_Environment_Report_Module 4

Page 3 of 5
same chosen newspaper article(s).
Referencing
It is essential that you use appropriate APA style for citing and referencing research.
Please see more information on referencing in the Academic Skills webpage. There
should be at least five reliable references used in the report.
Academic Integrity
All students are responsible for ensuring that all work submitted is their own and is
appropriately referenced and academically written according to the Academic Writing
Guide. Students also need to have read and be aware of To
ens University Australia
Academic Integrity Policy and Procedure and subsequent penalties for academic
misconduct. These are viewable online.
Students also must keep a copy of all submitted material and any assessment drafts.
Special Consideration
To apply for special consideration for a modification to an assessment or exam due to
unexpected or extenuating circumstances, please consult the Assessment Policy for Higher
Education Coursework and ELICOS and, if applicable to your circumstance, submit a
completed Application for Assessment Special Consideration Form to your Learning
Facilitator.
https:
li
ary.to
ens.edu.au/academicskills/apa/tool
https:
laureate-au.blackboard.com/webapps
lackboard/content/listContent.jsp?course_id=_20163_1&content_id=_2498847_1&mode=reset
https:
laureate-au.blackboard.com/webapps
lackboard/content/listContent.jsp?course_id=_20163_1&content_id=_2498847_1&mode=reset
http:
www.to
ens.edu.au/policies-and-forms
https:
laureate-au.blackboard.com
cswebdav/xid-4650246_1
https:
laureate-au.blackboard.com
cswebdav/xid-4650246_1
https:
laureate-au.blackboard.com
cswebdav/xid-4652143_1
BIZ202_Assessment_2_Brief_Macro_Environment_Report_Module 4

Page 4 of 5
Structure of the report
Cover Page – It should include student name and ID, subject code and name, assessment
number, University’s name, lecturer’s name, submission date and word count. Be creative while
making your cover page.

Executive Summary – An executive summary should provide a succinct summary of the content
within the report. It should present information in such a way that readers are able to
understand the intention and key elements of the report without having to read the entire
document. This section is not included in the word count (Approximately XXXXXXXXXXwords).

Table of Contents – A summary of the sections (headings/sub-headings) and pages numbers.

Introduction – The introduction should
iefly introduce the business’ products and/or services,
operating markets and general consumer category. It must also include how the company is
mentioned in the chosen newspaper article(s) (Approximately XXXXXXXXXXwords).

Identification and analysis of macro environmental factor – This section should identify and
analyse two influencing macro environmental factors of the business. The analysis must include
how the two macro environmental factors have impacted the chosen business (e.g. what
change(s) have they
ought to the business). It must be supported by data, facts, figures or any
other evidences. These changes may be in terms of but not limited to changes in
sales
evenues, costs, profitability, number of customers, reputation, growth, market share,
usiness structure, policies, or impacting the business in any other way. These impacts may be
positive and/or negative. They must be mentioned in the newspaper article(s) chosen from the
above listed sources and within the prescribed time period.

Identification of challenge or opportunity and recommendations – Through your research on
the business, identify one potential challenge or opportunity that may arise from any of the
macro environmental factors and make two recommendations about suitable course of action
for the business. The challenge or opportunity may not necessarily be from the same chosen
newspaper article(s). The recommendations must be thoroughly explained and justified.
Conclusion – The conclusion should provide a concise summary of the report. No new information
should be included in the conclusion (Approximately XXXXXXXXXXwords).
References – To
ens Academic Writing Guide – APA 7th for citing and referencing research must
e used. More information on referencing can be found on
https:
li
ary.to
ens.edu.au/academicskills/apa/tool. References are not included in the word
count.

Appendices – This section should provide supplementary or additional material relevant to the
contents of the main text but which is too detailed to include within the body of the text.
You must include the chosen newspaper article(s) in this section. Appendices are not included in
the word count. Appendices must follow APA 7th style.
https:
li
ary.to
ens.edu.au/academicskills/apa/tool
BIZ202_Assessment_2_Brief_Macro_Environment_Report_Module 4 Page 5 of 5
Learning Ru
ic: Macro Environment Report
Assessment
Attributes
Fail
(Yet to achieve minimum
standard)
0 - 49
Pass
(Functional)
50 - 64
Credit
(Proficient)
65 - 74
Distinction
(Advanced)
75 - 84
High Distinction
(Exceptional)
XXXXXXXXXX








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
eferencing 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 in-depth
esearch, reading,
analysis and evaluation is
demonstrated. A
consistent academic
eferencing 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
in‐depth research,
eading, analysis, original
and creative thought is
demonstrated. A
consistent academic
eferencing system is
used and sources are
appropriately
acknowledged.
http:
www.tua.edu.au/media/50742/a240_grading-scheme.pdf
BIZ202_Assessment_2_Brief_Macro_Environment_Report_Module 4 Page 6 of 5
Introduction to the
usiness from the
chosen newspaper
article(s)







20%

Does not choose a
newspaper article(s) about
a business from the listed
sources.
Does not choose a
newspaper article(s) within
the specified period.
Does not provide
information about the
usiness as required.
Chooses a newspaper
article(s) about a business
from the listed sources.
Chooses a newspaper
article(s) within the
specified period.
Provides limited
information about the
usiness as required.
Chooses a newspaper
article(s) about a business
from the listed sources.
Chooses a newspaper
article(s) within the
specified period.
Provides adequate
information about the
usiness as required.
Chooses a newspaper
article(s) about a business
from the listed sources.
Chooses a newspaper
article(s) within the
specified period.
Provides most information
about the business as
equired.
Chooses a newspaper
article(s) about a business
from the listed sources.
Chooses a newspaper
article(s) within the
specified period.
Provides complete
information about the
usiness as required.
Identification and
analysis of
Answered 3 days AfterApr 06, 2022

Solution

Shubham answered on Apr 09 2022
11 Votes
Running Head: BUSINESS COMMUNICATIONS                        1
BUSINESS COMMUNICATIONS                                5
BUSINESS COMMUNICATIONS
Table of Contents
Introduction    3
Identification and Analysis of Macro Environmental Factors    3
1. Political Environment    3
2. Technological Environment    4
Potential Challenge    6
Opportunity    6
Conclusion    6
Recommendations    7
References    8
Introduction
BHP is a leading producer of potash, nickel, iron ore, copper, petroleum and metallurgical coal. It was formed in 1851 from a merger between Billiton and BHP. It operates in more than 90 countries around the world and it is headquartered in Melbourne, Australia. They also hold assets through joint venture but do not operate them. The marketing operations are ca
ied from Singapore and Houston. They are focussing on deca
onised resources, which are the future of the planet such as copper and nickel. In 2017, they launched Think Big Campaign to address global challenges by supplying essential resources (BHP, 2018).
Identification and Analysis of Macro Environmental Factors
1. Political Environment
Political factors are significant for an organisation because they affect the operations and future sustainability. BHP core business included dealing of industrial metals and minerals around the world. It has led its exposure to several different political environments, which let it face different risks, policies and regulations. According to Argus and Samson (2021), operating a business under different risk factors is a challenging task and requires thorough planning to mitigate the negative impact on the company.
While continuing with its cu
ent operations and planning to target new market in foreign land it is important to assess the political stability and the control it has over business environment. Some countries are prone to military invasion and this can influence the supply chain facilities. The co
uption practices in the country for instance Africa ranks highest in terms of accepting
ibery by government officials. It is difficult for business to operate due to te
orism and skilled human resource talent.
Trade regulations and tariffs related to basic materials are also a concern because the government tries to protect the local industry. They levy heavy taxes on MNCs. Governments in Asian countries have specific provisions for multinational corporations who are ready to set up their units in their countries, give employment to locals and ready to contribute in economy by sharing technology and resources.
For instance, Make in India initiative was led by Prime Minister Narendra Modi to invite world to set up their manufacturing facilities and get tax exemptions as per rules. Entering a country under favoured partner agreement proves to be beneficial as it helps to increase the visibility in supplier section and company can avail the benefits of the scheme. Political government intervenes in pricing regulations, which can act as a threat to company as below cost no company will be able to sell in the market.
Apart from this work regulation such as safety and health standards, wage regulation, labour laws, priority to unions, collaboration with political parties to get due sanctions on...
SOLUTION.PDF

Answer To This Question Is Available To Download

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here