BIZ202 The Business Environment and Environmental Factors

BIZ202 The Business Environment and Environmental Factors

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BIZ202 The Business Environment

Task:

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 different organisations.

e) Create a business case for potential growth opportunities and threats based on analysis of external environmental factors.

This assessment focuses on a business which did not properly address adverse factors in its micro and macro environment, causing them to succumb to pressures which they did not account for. There are many examples of businesses that have experienced severe disruptive events that led to a significant loss or closure due to micro and/or macro environmental factors Choose a known case of an Australian or an international business which has closed down from year 2019 and onward due to external environmental influences. These influences can be from micro and/or macro environment of the business. The events leading to the final closure may have started before 2019. Prepare a digital presentation of 15 minutes as a group. Each member of the group must present for 5 minutes. It should incorporate the following:

• Identify the specific event(s) that lead to theloss/closure.

• Analyse these events in the context of micro (customers, suppliers, competitors, intermediaries, public) and/or macro (political, legal, economic, social, cultural, environmental and technological) environmental factors. Only analyse the relevant environmental factors of the chosen business failure.

• Describe responses by the business that were unsuccessful to counter losses or closure.

BIZ202 The Business Environment

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