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...

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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. 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 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 Forbes 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 brought 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/revenues, costs, profitability, number of customers, reputation, growth, market share, business structure, policies, or impacting the business in any other way. b. 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 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 Torrens 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://library.torrens.edu.au/academicskills/apa/tool https://laureate-au.blackboard.com/webapps/blackboard/content/listContent.jsp?course_id=_20163_1&content_id=_2498847_1&mode=reset https://laureate-au.blackboard.com/webapps/blackboard/content/listContent.jsp?course_id=_20163_1&content_id=_2498847_1&mode=reset http://www.torrens.edu.au/policies-and-forms https://laureate-au.blackboard.com/bbcswebdav/xid-4650246_1 https://laureate-au.blackboard.com/bbcswebdav/xid-4650246_1 https://laureate-au.blackboard.com/bbcswebdav/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 100 - 200 words). Table of Contents – A summary of the sections (headings/sub-headings) and pages numbers. Introduction – The introduction should briefly 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 150 - 200 words). 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 brought 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/revenues, costs, profitability, number of customers, reputation, growth, market share, business 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 50 - 100 words). References – Torrens Academic Writing Guide – APA 7th for citing and referencing research must be used. More information on referencing can be found on https://library.torrens.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://library.torrens.edu.au/academicskills/apa/tool BIZ202_Assessment_2_Brief_Macro_Environment_Report_Module 4 Page 5 of 5 Learning Rubric: 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) 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 in-depth 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 in‐depth research, reading, analysis, original and creative thought is demonstrated. A consistent academic referencing 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 business 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 business 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 business 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 business 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 required. 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 business as required. Identification and analysis of
Answered 3 days AfterApr 06, 2022

Answer To: BIZ202_Assessment_2_Brief_Macro_Environment_Report_Module 4 Page 1 of 5 ASSESSMENT 2 BRIEF Subject...

Shubham answered on Apr 09 2022
81 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
Recomme
ndations    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 carried from Singapore and Houston. They are focussing on decarbonised 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 current 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 corruption practices in the country for instance Africa ranks highest in terms of accepting bribery by government officials. It is difficult for business to operate due to terrorism 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...
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