ABS301 The Global Economy
On successful completion of this assessment, students will be able to:
a) Explain the concepts of globalisation and the global economy
b) Identify and communicate the various opportunities and challenges that the global economy provides businesses with various types and sizes
c) Demonstrate an ability to track and interpret global trends to inform business decision making
This analysis task requires you to see the big picture. It has four parts:
1) Definition of key terms and concepts
2) Discussion of how global trends will influence the drivers that make globalisation possible
3) A discussion of the key business activities of your chosen organization
4) Three challenges your chosen organization will face in its globalization plan
Part 1. Definition of key terms and concepts:
In this section you will briefly define your key terms and concepts such as:
- world economy
- market integration
Please note: you don’t have to define them all, just focus on the key terms you will be using in your analysis.
Discussion on how global trends will influence the drivers that make globalisation possible For part 2 you are required to analyse and discuss one trend from the list below, and focus on its impact on one of the drivers identified in the list below. Consider if the trend will hurt or help the driver? Will the driver help or hurt the trend? What opportunities are emerging from the interaction between your chosen driver and trend? “Drivers” are the policies and conditions that support globalization. They include, but are not limited to:
- Ability to shelter profits from taxes
- Global sourcing of resources
- Cheap labour markets
- Cheap transportation
- Electronic communication
- Corporate power (free trade) agreements
- No limits on economic growth
“Trends” are general movements over time that are detectable and measurable. They include but are not limited to:
- Resource depletion
- Climate change
- Instability of financial markets
- Increasing social and financial inequality
- Increasing air, water, and plastic pollution
- Species extinction
Part 3. A discussion of the key business activities of your chosen organisation.
In this part you will discuss the key business activities of an organisation you choose from the list below. Some companies help the world and some companies hurt the world. Pick a company from the list below, research it, and write about its key business activities. Explain what it does and how it does it, its key market and foreign activities (if any), as well as any broader global market intentions it could have.
Keep in mind that, for Assignment 2, you will be outlining a global strategy for this company.
Too Good to Go
United by Blue
Jeux de Vagues
LovEarth Yoga Mats
Just Skin Food
Zero Waste Australia Precious Plastic
Part 4. Three challenges your chosen organization will face in its globalization plan
In this part you will outline three key challenges your chosen organization will face in its globalization plan. Be sure to mention the challenge of future global pandemics. Consider a variety of possible challenges here from operational, policy/legal, ethical, stakeholder, consumer, market, industry, and organisational factors.