Learnings we got from Business environment course

1.The value of researching and understanding the external environment, which includes the
economic, political, social, technological, and legal components, in which a corporation
operates.

2. With the help of business model Canva we learned about the different aspects of
companies and get to know them more in detailed manner.

3. In Hofstede’s Cultural Dimensions Theory we get to know about the different cultural
variations between nations. Power distance, uncertainty avoidance, individualism-
collectivism, masculinity-femininity, and short vs. long-term orientation are among the first
six major dimensions identified by Hofstede.

4. The importance of ethics and sustainability in business practices.

5. The various factors influencing the company’s strategy and decision making such as
technology, environment, social and economic factors.

6. During Final Project we got to know about the different markets of different countries
and gaps in markets during the research work, this also helped me to understand the ethics
and culture of new country.