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Level 3 Diploma in Business Management

Responding to external environmental change

BM302 · The Business Environment — Week 9 of 16

CourseBM302
Week9 of 16
SemesterI
TutorOnline in the course chat

This week’s topics

Responding to external environmental change

  1. Strategic flexibility
  2. Risk management and mitigation
  3. Contingency planning
  4. Diversification and repositioning
  5. Enterprise risk management - ACCA Strategic Business Leader (SBL)
  6. Diversification - ACCA Strategic Business Leader (SBL)
  7. How does the UK Government manage risk?

What you will be able to do

  • 4.2 Explain how these factors impact a business.
  • 4.3 Explain how a business can respond to changes in its external environment.

Activity

Start with this week’s 4 videos, then: Seminar, guided reading and a short written task: explain how these factors impact a business.

Study materials

Videos

  • Contingency Planning · YouTube · tutor2u · 9 min · for registered students
  • Enterprise risk management - ACCA Strategic Business Leader (SBL) · YouTube · OpenTuition · 21 min · for registered students
  • Diversification - ACCA Strategic Business Leader (SBL) · YouTube · OpenTuition · 12 min · for registered students
  • How does the UK Government manage risk? · Oak National Academy, Key Stage 4 (GCSE level) · for registered students

Further resources

  • Principles of Management, ch. 4: External and Internal Organizational Environments and Corporate Culture · PDF · OpenStax, textbook chapter; pp. 89–120 · for registered students
  • Mastering Strategic Management, ch. 8: Selecting Corporate-Level Strategies · PDF · Saylor Academy, textbook chapter; pp. 237–272 · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
MidtermWeek 10
Course chat

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.

Open this week in the portal
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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