Foundations of Business Management

This assignment requires you to write an essay on the following topic:

How can the application of relevant management theories and concepts help a company navigate the challenges posed by globalization while considering legal implications and optimizing its choice of business entity in a new country? Based on your understanding of business environments and management functions, choose an organization, a theoretical framework and address the following:

• Evaluate the external factors impacting the company`s business practices and strategy due to globalization
• Explain how the management functions can be applied or should be applied within the company to address the influence of the factors;
• Evaluate the benefits and complexities of the business entity in the given context;
• Demonstrate strong academic research, critical writing and referencing skills by incorporating a relevant theory and 10 academic references in the field of business management.

This assignment is designed to assess the following learning outcomes:

• Identify the elements of the external context of business practice & report the impact of globalization on business
• Explain the management functions (PLOC)
• Describe the relationship that exists between business and the law
• Discuss the nature, characteristics, advantages and disadvantages of different forms of business
• Demonstrate academic research, writing & referencing skills

Reflective Online Graphic Powerpoint

Design a graphic powerpoint reflecting on the module and the process of addressing assessment one covering the following:

• Reflect on your understanding and experience;
• Use a narrative style in writing/bullet points;
• Indicate any challenges or insights encountered;
• Include graphics or visual aids, if applicable, to support your reflection on the feedback process;
• Use a theoretical framework to reflect on your experience.

The criteria for marking the assessment relate to four main components which are as follows:

• Introduction, Purpose and Method (20%)
• Discussion and Creativity (40%)
• Conclusion and Referencing (20%)
• Structure and Coherence (20%)

Learning outcome 1: To describe and recognize personal strengths, biases, weaknesses, and values
Learning outcome 2: To evaluate critical thinking and evaluate past experiences, actions, or decisions.
Learning outcome 3: To express thoughts, insights and articulate the significance of experiences and lessons learned in writing.
Learning outcome 4: To identify areas for professional growth and development.
Learning outcome 5: Embrace a growth mindset and commitment to continuous learning.
Learning outcome 6: Develop a habit of self-reflection as a tool for ongoing personal and professional development.

Assessment Details
The word count isa maximum of 700 words.