sources using apa formatting part 4 reply B u s i n e s s F i n a n c e

PART 1 (Literature attached)

Write a 250- to 300-word response to the following:

Pose a question based on the literature. Provide background leading up the question, use supporting references, and answer your own question.

Include your own relevant experience as well as 2 citations that align with or contradict your comments as sourced from peer-reviewed academic journals, industry publications, books, and/or other sources. Cite your sources using APA formatting

PART 2

Reply in 150 words

During entrepreneurs’ and or intrapreneurs’ adrenaline rush of pondering facets of being chief executive officers and the limitless probabilities of financial stability. When, if at all, do entrepreneurs and or intrapreneurs include perpetually revamping their external assessment processes and strategic management plans to assist with organizational success?

PART 3

Write a 250- to 300-word response to the following: (Reflection attached)

From last week’s personal reflection, share one of the most important things you have learned in this course. Why it is important to you and how do you intend to apply it? Please also respond to the posts of others on additional learning you may take away in addition to what they have shared.

PART 4

Reply in 150 words

These past few week that most important thing that I have learned is PESTEC in how it helps remembering external factors. According to the British Broadcasting Corporation(BBC), (2021), “These are: political – For example, new legislation, economic – For example, inflation, and unemployment, social – Changes in taste and fashion or the increase in spending power of one group, for example, older people, technological – For example, being able to sell goods online or using automation in factories, environmental – For example weather conditions affecting sales or production and growing interest in being ‘green’ , for example by recycling, competitive – The impact of a rival firm which may have a similar product or which may lower its prices.” Each of these external factors can and will affect any business in a positive or negative way. Another thing to consider as well is that in some circumstances it can even be both.

Companies today are influenced by things beyond their control. How they decide on responding and how fast they respond are the external forces that can make the difference between success in today’s fast paced business environment. Every day they operate in all of these environments simultaneously, and factors in one environment can affect or complicate factors in another and so forth. In the end for any industry, it is a small world, and it’s only getting smaller.