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Level 3 Diploma in Business Management

The external macro-environment

BM302 · The Business Environment — Week 7 of 16

CourseBM302
Week7 of 16
SemesterI
TutorOnline in the course chat

This week’s topics

The external macro-environment

  1. Political and legal frameworks
  2. Social and demographic shifts
  3. Technological advancements
  4. Conducting a PESTLE analysis
  5. PESTLE Analysis
  6. PESTLE Analysis Explained | McDonald's Examples
  7. PESTEL Analysis EXPLAINED | B2U | Business To You

What you will be able to do

  • 4.1 State the factors which form a business’ external environment.
  • 4.2 Explain how these factors impact a business.
  • 4.4 Conduct a PESTLE analysis on a business.

Activity

Start with this week’s 3 videos, then: Seminar, guided reading and a short written task: state the factors which form a business’ external environment.

Study materials

Videos

  • PESTLE Analysis · YouTube · tutor2u · 9 min · for registered students
  • PESTLE Analysis Explained | McDonald's Examples · YouTube · Two Teachers · 11 min · for registered students
  • PESTEL Analysis EXPLAINED | B2U | Business To You · YouTube · Business To You · 10 min · for registered students

Further resources

  • Principles of Management, ch. 8.3: A firm's external macro environment – PESTEL · PDF · OpenStax, textbook chapter; pp. 223–227 · for registered students
  • Introduction to Business 2e, ch. 1.2: Understanding the business environment · PDF · OpenStax, textbook chapter; pp. 16–19 · for registered students
  • Entrepreneurship, ch. 14.2: Using the PEST framework · PDF · OpenStax, textbook chapter; pp. 547–553 · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
Week 6Midterm
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Admitted students ask questions on this week’s page in the student portal: an AI assistant trained on the course answers first, and during the course’s timetabled classes Connect to your tutor brings your tutor into the chat, who may start a call if needed.

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Course plan
  • Week 1: Business activity and economic sectors
  • Week 2: Forms of business ownership
  • Week 3: Core functional areas of business
  • Week 4: Interrelationships between business functions
  • Week 5: Organisational structures
  • Week 6: Internal business auditing and SWOT analysis
  • Week 7: The external macro-environment
  • Midterm: Midterm evaluation
  • Week 9: Responding to external environmental change
  • Week 10: Microeconomic and macroeconomic influences
  • Week 11: Government intervention and the international economy
  • Week 12: Applying The Business Environment in practice: case studies
  • Week 13: Assignment workshop: research, planning and referencing
  • Week 14: Assignment workshop: drafting, feedback and improvement
  • Week 15: Review and coursework completion
  • Final: Final assessment and submission
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