Critically evaluate economic principles and stakeholders


Assignment Part 1: Initial Statement of Intent

Learning Outcomes - This assessment addresses the following Subject Learning Outcomes:

i) Develop and apply a conceptual understanding of reflective practice in a business context.

ii) Critically evaluate economic principles and stakeholders viewpoints in business environments.

Instructions: Assessment 1; Part A is a statement of intent which should document your intentions regarding your studies at Torrens University and how they might help you develop professionally.

The purpose of this reflective assessment is to help you become aware of your thinking and how it can be used in describing, analyzing and evaluating learning experiences.

How do you define business?

Why did you choose this course?

What kind of past experience (or interest) do you have in this area?

How has your experience (academic, work, etc.) prepared you for this course?

How do you ensure the required outcomes of your course are met?

What can you do to manage and monitor your studies to a successful conclusion?

As you think about the future, how might you apply your studies in later life?

What kind of goals would you like to set for yourself with regards to this course?

Your Assessment 1; Part A should also include a brief description of your initial understanding of Business Environment and Economic Principles.

In writing your reflective statement of intent, you should justify your choice of studies; identify how your studies relate to your own experiences and how you may apply your knowledge in the future.

Think carefully about your previous experiences and current expectations. Your statement should be clear and succinct showing that you have short-term and long-term goals and an understanding of what you want to do with your degree.

Assignment Part 2: Statement of Intent Final

Learning Outcomes - This assessment addresses the following Subject Learning Outcomes:

a) Develop and apply a conceptual understanding of reflective practice in a business context.

b) Critically evaluate economic principles and stakeholder viewpoints in business environments.

c) Analyze and synthesize the fundamentals of business in the contemporary environment.

d) Construct and justify a professional value proposition as a business practitioner.

Instructions: In this subject, you have been introduced to the foundational concepts of business and reflective skills. Assessment 1 Part B is about you reflecting on the learning and how your learning can be applied in your journey of becoming a business practitioner.

Your task is to prepare a 5-minute individual video presentation about your learning experience in this subject comparing and contrasting your thinking at the start of the subject versus the end. Focus on how this subject has shaped your thinking about business and future career aspirations. Your video may also include any lessons you have learnt throughout this subject, for example, identifying strategies you can transfer to your professional life.

Presentation Content: In the presentation, students are required to:

Introduce themselves.

Describe how their understanding of business has changed since the start of this subject.

Outline professional objectives and how they might apply their learning in this subject to achieve those objectives.

Presentation Questions: Presentations should address the following questions, along with any other relevant points:

Has your definition of business, economic principals and business environment changed?

What are some of your professional goals?

How does what you have learned relate to the present and future?

What do you want to learn more about, and how could it help in your professional development?

As you think about the future, how might you apply your learning experiences in later life?

What could you do to further your professional development outside of formal studies?

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Business Management: Critically evaluate economic principles and stakeholders
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