Free Essay

An Analysis of the Impact of the Business Environment on Two Organizations

In:

Submitted By Zahuwa
Words 1997
Pages 8
Introduction (P1)
STO
State Trading Organization (STO) was established in early 1960’s. When they first start the organization the only resource available was tuna. At that time the development of the country was slow so there is no banking system, no available funds for major investments and no commercial industries as well. After some days in 1994 a fully-funded business was set-up by the government which is named “Athireemaafannu Trading Agency (ATA)”. Their main aim was to provide essential food items to the nation. 9th June 1979 is the day which ATA became STO with so much improvements. After that they kept growing and growing. Now the organization is a highly appreciated company which almost sells all the items. STO can be considered as the best organization in the retail industry in Maldives.
STO is a very huge organizations which all the board of directors are set by the government. This is a partnership business. They have 6 subsidiaries in Maldives. At first this organization was a fully government organization but now this organization is partly government and partly managed by an individual. Their main purpose is to enriching lives through expansion and accessibility. Which means letting people purchase their goods freely and openly. They have a very huge shop in male’. And the customer service of the organization is very good. Which is why most of the people select STO as their best place to buy their goods.
The organization give a very special focus on achieving their objectives. To achieve their objectives they conduct promotions like ‘Eid promotion and Ramadan promotions. In that promotions they sell their product in a very low cost. Also they advertise their products to the customers through different sources. This will help to achieve their targets. Moreover, they deliver their products wherever the customers want, but only furniture type products. The internal departments work as a team work. This will also will help to achieve their internal objectives.
MPL
Maldives Ports Limited (MPL) was built up in September 1986 under the name of "authority". The motivation behind the organization was to oversee and work all ports in the Maldives. It is completely possessed and controlled by the administration under the service of transport and communication. After that the organization was changed to a company named Maldives Ports Limited. Yet, all the administrative functions was controlled by the service of transport and correspondence. Along these lines, the organization is administrated and oversaw by the exhausted which the individuals are contracted by the president of the Maldives. The day operations are controlled by the managing director. This can considered as transport industry.
The main reason for this organization is to deal with all the port and port related exercises in Maldives. They deal with all the import and export related activities from sea and air. Be that as it may, particularly they concentrate on sea, as the air transports are overseen by different airplane terminals like Maldivian and GMR. MPL is a partnership business. Also, the MPL connections with the government, as they have to follow the rules and regulations of the government. They have been serving to the Maldives for a long time. They have been directing such a large number of exercises to make their employees like the organization. MPL give some online services like bill landing points of interest and holder development subtle elements including the release rate. What's more, the clients can get such a variety of data from their site moreover. Also, they make a decent attempt to accomplish their goals by directing competitions to persuade their representatives so that the workers will give their best execution at their work. Also their internal departments work together as a team.

Stakeholders and their influences in STO (p2)
Speaking of stakeholders, there are so many stakeholders to the organization. Below I will be explaining about the stakeholders and their influences to the organization.
Manager
Manager will help to manage the financial and human resource management of the organization. They try to improve the business day by day.
Employees
If the employees are working properly that will help to increase their sales. But if they don’t the sales will be decreasing. This is how the employees influence the organization
Suppliers
STO is not a manufacturing company so they have to supply all the goods from the outside of the country. So if the supply is low they can’t sell all the demanded products to their customers. And vice versa. This is a very big influence to the organization.
Customers
They are the most critical stakeholders. As if they change their mind they will go and purchase the products from other retailers. Company must work to increase efficiency and effectiveness in order to create loyal customers and attract new ones.
How recession and growth influence on STO and MPL (p3)
Recession is a breakdown of all the economic activities in the country longer than few months. The time of the recession varies from country to country. Mostly, it will take 18 months. A recession is typically accompanied by a drop in the stock market, an increase in unemployment, and a decline in the housing market. This creates a mess in the entire economy. The recession which hit the globe in 2008 is the most recent example of a recession.
Economic growth is increasing of the amount of products produces every day. Decrease of unemployment, advances of technology, and increase in capital stock will happen in the growth stage. Basically when all the economic activities will become great in the growth stage.
Around the time when STO established the Maldivian economy was growing at a high speed. Especially in fisheries, agriculture, tourism and also in construction. Also retail sector was growing in a high speed. At that time STO try to expand their organization by taking up alternative enterprises to earn foreign exchange and expand the nation’s revenue sources. Besides, the organization group with its subsidiaries, joint ventures and associates, is a national leader in business. Also they focused on cooking gas, construction materials, medicals and bringing some other new goods to the organization. The company is geographically diverse with operations and developments throughout Maldives and operations in Singapore as well. Moreover, they set an eye on tourism. Hence, STO become a big player in hospitality and start earning its foreign currency in the near future. This is how they grew their organization.
Additionally, they didn’t face a recession period yet. If they face a recession period, we all know that all the economic activities will fall. STO is operating so many economic activities. When all those activities falls this will cause so many problems to their customers like they will lose their shareholders. Also, if they are not willing to pay to the suppliers they will not be willing to sell demanded products to the customers. Likewise, they will be losing their customers. This might happen if they face to the recession period.
How political, legal factors effects basically in different organizations (p4)
Legal
Dissatisfied the customer
If the customers is dissatisfied to the services given by the organization the customer might file a lawsuit against the organization in which they gather in large customer groups and assault your organization over defective items, services or guarantees. With enough disappointed employees, legal claims can accomplish more harm than any individual or corporation and hopelessly discolor your brands picture.
Political
The government gives the central base of the economy. It manufactures and keeps up motorways and other real transport joins. Local government is in charge of nearby streets. The legislature additionally possesses and keeps up the railroad lines and rail route stations.
Social
Attitude to work is a very main influence to every organization. If the employees are not giving their best attitude towards their work the production will be lower than expected. Due to that the employer might fire the employee also. And recruiting another employee is not an easy task to do. It will take so many time.
How political, legal factors effected (m1)
STO
Legal
There is a very recent law which effected all the businesses in the Maldives. That law says all the shops should be closed down by 10 PM. Most of the people do their shopping at night, they will start their shopping at 8.30 or 9.00. Which means they have only one hour to do their shopping which is not enough. And as for the business if they have to close the shop early they will lose some of their customers which leads to decrease their sales. This is the most recent legal factor which influenced to STO.
Political
As I mentioned earlier STO’s very big role is playing by the government. So, the people against the government is against to buy goods from STO. Moreover, when there are strikes the road in which STO is in will normally be blocked because two courts are in that road. Due to this also they will lose some of their customers.
Social
Social factor which influences to STO includes, when there are improvements in technology they have to train all the employees. It will consume too many time. On the other hand, if they didn’t give the training the services given to the customers will be slow. That’s why they have to train the employees. This is the main social factor which influences to STO.
MPL
Legal
Taxation is one of the main legal factor which is influencing to MPL. When the tax rate increases the amount they have to pay to the government will increase. Due to this they are not able to provide their best equipment to the employees. This is a very big legal influence to the company.

Political
When government changes so many things in the society will change. Likewise, some MPL employees changed their jobs to other organizations as the MPL is partly a government organization. The people who support to the government may wait in the organization but those who don’t support the government choose to leave the organization.
Social
When GPS is installed in the ships, some people doesn’t know how to work with the GPS. For this reason some employees were lost for some days as they will have to learn how to work with the GPS. The MPL had to recruit some new employees. Which wastes so many time.

How political, legal factors may effect in future(d1)
Legal
There might be so many lawsuits against the organization due to their bad service or some other problem also. If the organization did not give any attention to those kind of things they might have to pay a high fine to the government. This might also lead to a bankrupt.
Political
Taxation is one of the main political Factor which might influence to the organization as the tax rate is increasing year by year. For small businesses it’s a burden because they have to fill so many paper works. But in huge businesses there will be more departments so this filling the paper work will not be a burden to them.
Social
The birth rate is now increasing so the pollination will be increasing the demand for the goods and services will be increasing. The organization might not be able to supply enough goods. Also they might also not get enough employees to give the services to the customers. Or there will be so many people willing to work. And the organization will not know who to recruit. This might be a social factor which influences the organizations.

Conclusion
To conclude I would like to say I have gathered so many information and included those information about STO and MPL. These two companies are very old two companies and so many people love those two companies. In my opinion if they are working the way they are working now, the companies will be highly reputed two companies. From here I will wind up the report.

Similar Documents

Premium Essay

Impact of Hr and Business Strategy Alignment on Job Performance and Employee Satisfaction

...IMPACT OF HR AND BUSINESS STRATEGY ALIGNMENT ON JOB PERFORMANCE AND EMPLOYEE SATISFACTION   Abstract A company’s success is determined to a large extent by the nature of its employees as well as the level of devotion that employees demonstrate. Due to this, the top managers and executives are given the responsibility for maintaining control on employee’s activities as well as the employee’s management policies through the development of the Human Resource Management Department. This shows that how important role HR plays in maintain the employees satisfied within any organization. This research study is focused on studying the impact of HR and business strategy alignment on job performance and employee satisfaction. This research used deductive approach as this study find out the impact of aligning HR with business strategy and effect of job environment on employee satisfaction. The survey questionnaire method is used to get reliable and valid results based on close ended questions having a 5-Likert scale to measure the attitude of employees and employers towards the impact of aligning HR with business strategy and effect of job environment on employee satisfaction at Siemens. The research used SPSS for analysing quantitative information by using descriptive analysis and inferential analysis. Research shows that Siemens align HR practices and business strategy. From regression analysis, it is found that alignment of Human Resource practices with the business strategies of...

Words: 21202 - Pages: 85

Premium Essay

Strategic Management

...manufacturer. However, the company of the Toyota had a bad year in 2010. They had plenty of manufacturing problems in different countries around the world. So the company needs to recall lots of cars. The incident brought to Toyota big losses. Porter’s Five Forces Perspective and PEST analysis are from different area. Porter’s Five Forces Perspective is used for the analysis of competitive strategy, and can effectively analysis customs of the competitive environment. PEST analysis is a macro-environment analysis. Its’ macro-forces is refers to the impact on all industries and enterprises. Its’ macro-environment can be focus on various situations. The first part is focusing on these two theories that using I chosen the company of Toyota as an example to overview and critique these two theories. Then compare and contrast these two theories. At last, conclusion this report and given some advises for these two theories. 2. Overview and Critique of theory 1 2.1 Overview the Porter Five Forces Perspective Porter five forces perspective has also known as Porter’s five competitive model. This model was first used by Michael Porter (Porter) made. This model was published in 1979 on the "Harvard Business Review" entitled "How to build competitive strategy” and the same mean is “How Competitive Forces Shape Strategy”. Then later in his published "Competitive Strategy" has in the further development and refinement of this model. He recognized that...

Words: 2696 - Pages: 11

Premium Essay

Economy

...PEST - Analysis By Dagmar Recklies The PEST analysis has proven to be a flexible and easy to understand tool in the context of strategic planning. Like with all tools, the real value of the PEST analysis depends on the way it is used. Hence, the following article not only describes the content of this tool, it also provides advice for its practical application and interpretation. Content The PEST or PESTLE is a useful starting point for the analysis of an organizations external environment and the forces at work there. PESTLE stands for political, economical, socio-cultural, technological, legal and ecological factors. There are different opinions in literature about the inclusion of legal and ecological factors. Their importance doubtlessly differs from industry to industry. In case such factors are of high relevance to an industry, they should be analyzed separately. In industries that are less influenced by legal and ecological factors, they could be allocated to the other categories, e.g. legislation as a political factor or ecological awareness as a socio-cultural factor. In any case it is important to include only external factors which an organization cannot influence by itself. The following chart shows some examples for typical content of a PEST. These examples are not comprehensive; they should be modified according of the actual subject of analysis. Political Legislation (current and pending) Laws relating to the industry Tax laws Regulation of transfer for capital...

Words: 1013 - Pages: 5

Premium Essay

Management Sciense

...management takes a panoramic view of this changing corporate terrain and attempts to show how large and small firms can be more effective and efficient not only in today's world but tomorrow as well. Strategic management is the set of managerial decisions and action that determines the way for the long-range performance of the company. It includes environmental scanning, strategy formulation, strategy implementation, evaluation and control. It emphasizes the monitoring and evaluation of external opportunities and threats in light of corporation’s strength and weakness. Business policy has a general management orientation and tends primarily to look inward with its concern for properly integrating the corporations many functional activities. But strategic management as a field of study integrates the business policy with the environmental opportunities and threats. Therefore strategic management has tended to replace business policy as the preferred name of the field. Indian Institute of Technology Madras Management Science I Prof. M.Thenmozhi Why Strategic Management? Strategic management provides the route map for the firm. It lends a framework, which can ensure that decisions concerning the future are taken in a systematic and purposeful way. Strategic management also serves as a hedge...

Words: 9726 - Pages: 39

Premium Essay

Strategic Management

...management takes a panoramic view of this changing corporate terrain and attempts to show how large and small firms can be more effective and efficient not only in today's world but tomorrow as well. Strategic management is the set of managerial decisions and action that determines the way for the long-range performance of the company. It includes environmental scanning, strategy formulation, strategy implementation, evaluation and control. It emphasizes the monitoring and evaluation of external opportunities and threats in light of corporation’s strength and weakness. Business policy has a general management orientation and tends primarily to look inward with its concern for properly integrating the corporations many functional activities. But strategic management as a field of study integrates the business policy with the environmental opportunities and threats. Therefore strategic management has tended to replace business policy as the preferred name of the field. Management Science I Prof. M.Thenmozhi Why Strategic Management? Strategic management provides the route map for the firm. It lends a framework, which can ensure that decisions concerning the future are taken in a systematic and purposeful way. Strategic management also serves as a hedge against uncertainty, a hedge against totally unexpected...

Words: 9724 - Pages: 39

Premium Essay

Organisational Environment

...2 2.1 The General Environment The General Environment 2.2 Scanning, Monitoring, and Forecasting Changes in the Environment 2.3 Scenario Planning 2.4 PEST Analysis 2.5 SWOT Analysis 2.6 The General and the Competitive Environments Key Work Strategic decision making under conditions of uncertainty Key Work Strategic inflection points and their impact on strategy Tools and Techniques Writing a PEST analysis Tools and Techniques Undertaking scenario planning ➜ Main Reference Schoemaker, P.J.H. (1995). Scenario planning: a tool for strategic thinking. Sloan Management Review, 36(2), 25. Learning Objectives After completing this chapter you should be able to: • Define what constitutes the general environment • Evaluate the role of scanning and monitoring in detecting environmental trends • Apply scenario planning to decision making in uncertain environments • Evaluate PEST as a framework for analysing the macro-environment • Explain the use of SWOT analysis • Evaluate the relationship between the general and the competitive environment 37 Introduction In the previous chapter we looked at what strategy is and introduced a number of different perspectives on strategy formulation. We addressed the importance of values in determining why an organization exists, and looked at how an organization’s values, its vision, and its mission guide individuals’ behaviour by signposting what is important to the organization. We explained the importance...

Words: 10963 - Pages: 44

Premium Essay

Environmental Scanning

...Environmental Scanning and Organization Performance in a Competitive Business Environment Bayode O. Babatunde*, Adebola O. Adebisi** * Department of Business Administration, College of Management and Social Sciences, Osun State University, P.M.B 2008, Okuku Campus , Osun State, Nigeria e-mail: bayoogoga@yahoo.com ** Department of Business Administration, Federal Polytechnic Ado -Ekiti, Ekiti State, Nigeria e-mail: adebisiadebola@yahoo.com Abstract This work justified “the impacts of Strategic Environmental Scanning on Organization performance in a competitive business environment” by studying Nestle Nigeria Plc and Cadbury Nigeria Plc. The opinions of the selected respondents were sought by the use of structured questionnaire; the collected data were analyzed and interpreted with regression and coefficient of correlation method of analysis. Hypothesis one revealed that there is significant relationship between strategic environmental scanning and organization performance, the coefficient of determination (R2) is 0.297. It shows that 30% of the variation or change in effective organization performance is caused by variation in strategic environmental scanning. Hypothesis two also shows that the coefficient of determination (R2) is 0.301. It means that 30% of the variation or change in organization productivity is caused by variation in external environmental factors, which connotes that the external environmental forces have positive impact on organization performance. And as such...

Words: 5309 - Pages: 22

Premium Essay

Sustainability Mangement

...Sustainability management | | | | | * Executive Summary Sustainability is a key concern for the business now-a-days. Firms are now triggering resources and practices towards the sustainable growth of the business. Shell Group, a leading firm in energy industry, is trying to turn their resources for being sustainable in their business practices. For being so, they can follow two approaches such as Carroll’s four part model of CSR and stakeholder analysis. It has become a vital concern for the firms like shell to conduct CSR activities as they have to operate in an environment where they have to be economically viable as well as conforming to the legal laws, rights and obligations of the society. Not only the corporate social responsibility but also the stakeholder’s satisfaction can influence a great deal in the firm’s success. So, the stakeholder’s theory means a lot to the firms. Stakeholders can be internal as well as external. For applying those approaches, shell has to consider several analysis like cost benefit, life cycle analysis, environmental impact analysis, stakeholder matrix , segmentation analysis and so on. Finally, the company will get findings of taking one approaches as per the analysis to implement for being sustainable. * Contents Executive Summary 1 1 Introduction 3 2 For effective management of sustainability, these two approaches can be considered by the Shell Group as prescribed. The approaches are 4 2.1 Carroll’s four part...

Words: 4511 - Pages: 19

Free Essay

Business Environment Analysis

...Business Environment Analysis Background Environmental analysis is a systematic process that starts from identification of environmental factors, assessing their nature and impact, auditing them to find their impact to the business, and making various profiles for positioning. A common process of environmental analysis or scanning is discussed in the following section. Environmental Analysis Process A business manager should be able to analyze the environment to grasp opportunities or face the threats. Organizations need to build strength and repair their weakness available in the business environment. Therefore, this process consists not only a single steps but a process of various steps. Environmental analysis comprises scanning, monitoring, analyzing, and forecasting the business situation. Scanning is to get the relevant information from the information overload. It is to focus on the most relevant information. Monitoring is to check the nature of the environmental factors. Analyzing requires data collection and use of different required tools and techniques. Forecasting is to find the future possibilities based on the past results and present scenario. Environmental analysis process is not static but a dynamic process. It may differ depending on the situation. However, a general process with few common steps can be identified as the process of environmental analysis these are a) Monitoring or identifying environmental factors, b) Scanning and selecting...

Words: 1523 - Pages: 7

Premium Essay

Rahim Afrooz

...A PESTEL analysis is a framework or tool used by marketers to analyze and monitor the macro-environmental (external marketing environment) factors that have an impact on an organization. The result of which is used to identify threats and weaknesses which is used in a SWOT analysis. PESTLE analysis is in effect an audit of an organization's environmental influences with the purpose of using this information to guide strategic decision-making. The assumption is that if the organization is able to audit its current environment and assess potential changes, it will be better placed than its competitors to respond to changes. To help make decisions and to plan for future events, organizations need to understand the wider ‘micro-economic’ and ‘macro-economic’ environments in which they operate. (The micro-economic environment is the one in which we operate and have limited influence or impact, the macro-environment includes all factors that influence an organization but are out of its direct control). An organization on its own cannot affect these factors, nor can these factors directly affect the profitability of an organization. But by understanding these environments, it is possible to take the advantage to maximize the opportunities and minimize the threats to the organization. Conducting a strategic analysis entails scanning these economic environments to detect and understand the broad, long term trends. A PESTLE analysis is a useful tool for understanding the ‘big picture’ of...

Words: 2875 - Pages: 12

Premium Essay

System Development Life Cycle

...systems development life cycle (SDLC) is the overall process for developing information systems from planning and analysis through implementation and maintenance. The SDLC is the foundation for all systems development methodologies and there are literally hundreds of different activities associated with each phase in the SDLC. Typical activities include determining budgets, gathering system requirements, and writing detailed user documentation. The activities performed during each systems development project will vary. The SDLC begins with a business need, followed by an assessment of the functions a system must have to satisfy the need, and ends when the benefits of the system no longer outweigh its maintenance costs. This is why it is referred to as a ‘lifecycle’. The SDLC is comprised of seven distinct phases: planning, analysis, design, development, testing, implementation, and maintenance. This section takes a detailed look at a few of the more common activities performed during the phases of the systems development life cycle along with common issues facing software development projects (see Figure D.1 and Figure D.2 ). Phase 1: Planning The planning phase involves establishing a high-level plan of the intended project and determining project goals. Planning is the first and most critical phase of any systems development effort an organization undertakes, regardless of whether the effort is to develop a system that allows customers to order products over...

Words: 1437 - Pages: 6

Premium Essay

Litrature Review Dbs

...in-depth knowledge of global market and financial expertise and offer products and services in corporate banking, Private banking, personal banking and enterprise banking. 1.2 Research title, questions and research objectives. The proposed research title chosen for this project is “Analysis and review of organizational environment at DBS”. This project would outline the following objectives: i) Outline the influence of organizational environment on the company. ii) The role of organizational environment on company’s growth process. iii) Review the impact of change in organizational environment. 1.3 Research Rationale. Firstly, cross cultural management and managing change is becoming increasingly important in today’s world where company’s trying to expand globally are associating people, organization and countries together and this is where management across culture comes into play. The main concern for an organization is its environment as it exerts variety of pressures on organization and managers. This pressure’s would influence the organizations global strategy, organizational design, control and decision making process and organizational culture. A change in organizations environment could jeopardize and increase concerns about the company’s future. DBS is a...

Words: 2107 - Pages: 9

Premium Essay

Strategic Mgt

...Personal Bank also gives customers access to offshore investments. High-net worth individuals and families are also able to access the Citi Private Bank for a complete range of wealth management services. Citibank is part of Citigroup Inc., with 200 million customer accounts, doing business in more than 160 countries and jurisdictions. Around the world, Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services and wealth management. B. Research Design and Methodology Chapter II : External Analysis A. Economic Forces The Economic measures affects the banking sector to boost the economy by giving certain concessions or facilities. If in the savings are encouraged, thenmore deposits will be attracted towards the banks and inturn they can lendmore money to the agricultural sector and industrialsector, therefore, booming the economy. B. Social Forces The primary social factor that have a huge impact in the analysis of the macro-environment of the business is the demography, in the demographics there are two areas in the demography in which most businesses are concerned, the working population on which it identifies the number of possible employees of the company and the population, the number of people residing in a community or a country which will...

Words: 550 - Pages: 3

Premium Essay

Bs 2013 Unit Description

...CAPITAL UNIVERSITY OF ECONOMICS AND BUSINESS BTEC-HND Centre Unit 7 Edexcel Level5 BUSINESS STRATEGY Unit Introduction 24 February 2013 Unit 7: Business Strategy BTEC Higher National — H2 Description of unit The aim of this unit is to develop your abilities to evaluate and select strategies appropriate to business organizations. This will involve an analysis of the impacts of the external operating environment and the need to plan organizational strategies to ensure effective business performance. Summary of learning outcomes To achieve this unit a you must: 1 Analyze how the business environment is considered in strategy formulation 2 Understand the process of strategic planning 3 Examine approaches to strategy evaluation and selection 4 Analyze how strategy implementation is realized. Content 1 Strategy formulation Strategic contexts and terminology: role of strategy, missions, visions, strategic intent, objectives, goals, core competencies, strategic architecture, strategic control Stakeholder analysis: stakeholder significance grid, stakeholder mapping Environment auditing: political, economic, socio-cultural, technological, environmental and legal analysis (PESTEL), Porter’s 5 force analysis, the threat of new entrants, the power of buyers, the power of suppliers, the threat of substitutes, competitive rivalry and collaboration Strategic positioning: the Ansoff matrix, growth, stability, profitability, efficiency...

Words: 862 - Pages: 4

Premium Essay

Sisi

...Case Analysis and Methodology Principles of Management (MGMT1120) Contents: 1. What is a business case? 2. Why use cases? 3. Is there an analysis framework to follow? 4. Case Analysis Model a. Problem Identification b. Environmental Analysis c. Creative/Practical Strategic Alternatives d. Decision Criteria e. Select Appropriate Alternative/New Strategy(s) f. Develop an implementation plan 5. Evaluate the results 1|P age 14 1. What is a business case? A business case is a “story” or “narrative” describing a problem or problems in an organization. The organization can be a profit, not-for-profit, or public sector organization. All organizations experience business problems which management must solve. Cases have been written on such organizations as Apple, Microsoft, Y.M.C.A and Royal Bank. Examples of cases are end of each chapter of your text. The “story” or “narrative” often contains additional information which gives insights into the causes of the problems. Sometimes, the case will actually propose possible alternative solutions to solving the problem. Many cases are written from the viewpoint of the manager/leader that recognizes the problem and is under pressure to find a solution. 2. Why use cases? At the JR Shaw School of Business, we take an applied approach to learning. As a student, you learn concepts/models and theories that are simplified representations of the “real world”. While it is not possible to illustrate real world issues...

Words: 4137 - Pages: 17