21393 The Business Environment

Description

This subject explores business in its environment; explaining how the environment influences business decisions, while in turn, decisions by business help to shape the contexts within which businesses operate. This includes an understanding of the principles of market economies and sources of competitive advantage. This subject also provides the foundations for developing knowledge about the regulatory environment in Australia that govern the administration and operation of business. The subject provides skills in relation to decision-making in a legal context; management of organisations; and regulatory compliance with an application of ethics and social responsibility. The use of data and its importance in business decision-making is strongly emphasised.