Write a report that describes and analyses current economic issues faced by businesses, based on articles published in the UK or international press.
- Focus on specific businesses and the way they respond to challenges in their business environment
- Choose two of the five topics
- A business responses to changing levels of inflation
- A firm that is affectd by the ongoing transition to renewable energy sources and related technologies
- A firm thats confronted with a current issue that challenges its CSR
- A firm thats affected or likely to be in the near future, by AI technologies
- A firm confronted w challenges to its international supply chains or export markets.
- identify specific news articles based on the two topics. HAS TO BE BETWEEN 25/09/23 TO 08/01/24. From quality/trustworthy news outlets.
- Research into the firms and industries by finding further sources of info
- Write two seperate stories – must be ‘describe,explain and analyse’
- Use proper references
- Include description – short summary of what the reports are about and the issues it deals with.
- Explanation – relevant background to the story. Give info about the firm involved or about its industry, or about why the particular event or issue has arisen.
- Analysis – application of general concepts. Graphs can be used but no special credit is awarded. E.G
- when analysing a firm that is changing its business operations due to changes in the rate of inflation, you may consider what made the process of adaptation relatively easy or difficult. Which kinds of cost increases can be resisted and which not? What kinds of resource savings are possible? To what extent can increased costs be passed on in the prices of the firm’s products or services?
Especially, concepts covered in the sessions on Consumption, Production and Macroeconomic Management can be applied. - when analysing a firm that is confronted with challenges to its supply chains or export markets, you may consider the nature of these challenges (e.g. tensions in international politics, exchange rate fluctuations, natural disasters).
How are these challenges affecting the firm’s operations and ability to compete for customers at home and/or abroad or how may it turn to other consumer markets or supply chains. Especially concepts covered in the sessions on The International Business Environment and International Economic Relations can be applied.
REQUIREMENTS:
- Front cover w title and date
- Contents page
- Two stories (aim for 800 words each)
- Include short references (author,date) for specific pieces of info – quotation marks