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Level 4 Diploma in Accounting and Business

External Business Environment and Globalisation

AB402 · Business and the Economic Environment — Week 5 of 16

CourseAB402
Week5 of 16
SemesterI
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This week’s topics

External Business Environment and Globalisation

  1. PESTLE analysis framework
  2. Drivers and features of globalisation
  3. Global supply chain vulnerabilities
  4. Cross-border regulatory and economic trade impacts
  5. External Analysis: PESTEL Framework | Strategic Management
  6. Globalisation Explained | Meaning, Definition, Features, and Its Effects
  7. Lec 02-Global Environment

What you will be able to do

  • 2.2 Explain the features and influence of globalisation on a business.
  • 2.4 Apply a technique to assess the external environment of a business.

Activity

Start with this week’s 3 videos, then: Seminar, guided reading and a short written task: explain the features and influence of globalisation on a business.

Study materials

Videos

  • External Analysis: PESTEL Framework | Strategic Management · YouTube · Business School 101 · 15 min · for registered students
  • Globalisation Explained | Meaning, Definition, Features, and Its Effects · YouTube · The Commerce Professor · 12 min · for registered students
  • PESTLE Analysis · YouTube · tutor2u · 9 min · for registered students
  • Globalisation · YouTube · EconplusDal · 14 min · for registered students
  • Globalisation: Advantages and Disadvantages of Globalisation I A Level and IB Economics · YouTube · tutor2u · 10 min · for registered students
  • Globalisation - Key Drivers of Globalisation and De-Globalisation · YouTube · tutor2u · 4 min · for registered students
  • A Level Economics Revision: Globalisation · YouTube · tutor2u · 34 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
  • International Business, ch. 1: Introduction · PDF · Saylor Academy, textbook chapter; pp. 5–40 · for registered students
  • Introduction to Business 2e, ch. 3.3–3.5: Trade barriers and economic communities · PDF · OpenStax, textbook chapter; pp. 84–91 · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
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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 Classification and Sector Analysis
  • Week 2: Legal Structures and Business Ownership
  • Week 3: Organisational Structures and Financial Reporting Frameworks
  • Week 4: Stakeholder Analysis and the Internal Business Environment
  • Week 5: External Business Environment and Globalisation
  • Week 6: Macroeconomic Fundamentals and the Circular Flow of Income
  • Week 7: Aggregate Demand and Business Activity
  • Midterm: Midterm evaluation
  • Week 9: Microeconomic Factors and Elasticity Concepts
  • Week 10: Perfect Competition and Price Determination
  • Week 11: Imperfect Market Structures, Pricing and Output
  • Week 12: Applying Business and the Economic Environment in practice:…
  • 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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