BUS 4001 Understanding the Business Environment

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The purpose of this BUS 4001 Understanding the Business Environment section is to encourage students to identify organizational goals and stakeholder influence. Students are also encouraged to explore how the organization works in local, national and global contexts. This module also provides students with a solid foundation to understand the parameters and organizations can take action based on these parameters, which can be set in other modules.

Learning Outcomes:

• Distinguish between the type of organization.
• Identify their main stakeholders and assess their needs and impact.
• Explain the nature of the national environment in which the organization is located and its impact on the selected companies, including economic, political and legal factors.
• Study the behaviour of selected organizations in their domestic and international markets.
• Identification, selection and use of various economic instruments to determine appropriate business solutions in different economic, political and legal conditions.

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