Develop a critical understanding of current global challenges and their impact on the business environment.

2024-10-11 13:08:21

TaskBrief

ModuleTitle:	GlobalChallenges
AssessmentTitle:	Portfolio
Individual/Group:	Individual
Weighting:	100%
SubmissionDate:	Thursday 25 November 2023 at 3.00pm

Deadlineandsubmissionrequirements:

Module Learning Outcomes

Attheendofthemodule,studentsshould:

Developacriticalunderstandingofcurrentglobalchallengesandtheirimpactonthebusinessenvironment.

Analysetheimpact ofaglobalchallengeonbusinessandsocietybycritiquingtheoriesandcurrentinformationonbusinessesandsociety.

Undertake a reflective exploration of your learning, evaluating how theories and concepts are linked to other modules on the course,the organisationalcontextandyourownpersonalandprofessionaldevelopment,citingactionstotakeandpotentialbarrierstoimplementation.

Keyrequirementsandtaskbriefinginformation

Choose one global challenge (e.g. geo-politics, differences in culture, currency risk, supply chain disruptions, stakeholder engagement, climate change) and how a firm that you select is responding to it. Include at the end a 1000 words reflective exploration of your learning, use Gibbs to evaluate how theories and concepts are linked to other modules on the course, the organisational context and your own personal development, citing actions to take and potential barriers to implementation.

Yourportfolioshouldincludethefollowing;

The assessment comprises of two segments with a maximum of 4000 words in total compiled in a single document. The first segment of this single assessment is an essay (3000 words) and the second is a reflective piece (1000 words).

The Essay segment details a critical analysis of your chosen challenge in which you demonstrate understanding of how it impacts a firm of your choice. You should refer to key theories and concepts and the first segment of the assessment should be a maximum of 3000 words. The essay segment of the assessment could comprise of the following (an introduction, literature review (evaluation of relevant theories and concepts), application of these theories and frameworks (covered on this module) to the company, recommendations and conclusions.

This segment of the assessment entails a reflection on how this challenge relates to other modules, and your personal development. (1,000 words).

This task must be completed through the use of at least one of the many models of self-reflection contained in the literature.

Tosucceedinthisassignmenttask,youwillhaveto:

Display a good grasp of the question requirements, clearly direct the material in your answer towards the question and answer all aspects of the question.

Undertake detailed research and investigation on the chosen challenge, using reputable sources, to enable you to identify and analyse the relevant features and patterns.

Demonstrate a good grasp of relevant concepts from the academic literature and utilise these concepts effectively during your assignment (e.g. to provide analytical insights).

Achieve a high standard of presentation and follow SHU referencing conventions.

You are strongly advised to carefully consult the assessment criteria grid for further guidance on expectations, before commencing work on your assignment!

You should also consult and adhere to the ‘style guidelines’ listed below

Styleguidelines

Tutors wish to focus their attention on the content of your assignment, rather than its physical appearance. Therefore, all assignments are expected to conform to the following guidelines.
Marks will be deducted for poor presentation, so please aim for a professional standard.
Use double line spacing and leave a margin of at least 30mm on all sides. This will make it easier for your tutor to read/mark the work and to annotate comments as they read.
Use a plain, readable font (such as Arial, Calibri or Verdana) with a minimum font size of 11pt.
Include a title page which clearly states your full name, student number and the full and exact title of the question you have answered.
You should also clearly indicate an exact word count on your title page.
Include page numbers.
Use numbered headings and sub-headings throughout to clarify the structure of your assignment and help guide the reader.
Include an introduction that clearly explains your approach to the question and previews
The key themes to be covered and explain the structure of your answer.
Also include a conclusion which briefly summarises your key arguments and conclusions about the key question requirements,
Write in paragraphs and use clear, concise sentences in plain English wherever possible. Leave a line break between each paragraph. Long, overly complex sentences, containing multiple phrases, should be avoided. Each paragraph should focus on one key theme or argument only. As a rule of thumb, a paragraph should not normally extend beyond 10 lines and/or 4 or 5 sentences. Keep ‘jargon’ to a minimum and define any key academic terms. Develop a critical understanding of current global challenges and their impact on the business environment.
Follow the APA referencing style. Use correct and appropriate in-text citations to acknowledge the source of all information and ideas and include a single, integrated reference list at the end of your assignment (in A-to-Z order by author surname). If you do not understand the conventions, consult a referencing guide or ask for help in the Adsetts Learning Centre. Analyse the impact of a global challenge on business and society by critiquing theories and current information on businesses and society.

You are strongly encouraged to use tables and figures with supporting information and other exhibits, but these should be presented professionally and referred to in the text of your answer. Figures and tables should be numbered consecutively (e.g., Figure 1, Figure 2, etc), given a meaningful title and the source should be clearly indicated.

our writers response :

Developing a critical understanding of current global challenges and their impact on the business environment requires an exploration of multifaceted issues that shape the economic landscape today. Here are some key challenges and their implications for businesses:

1. Climate Change and Sustainability

The urgency of addressing climate change has intensified, prompting businesses to adopt sustainable practices. Companies face pressure from consumers, investors, and governments to reduce their carbon footprint. This shift can lead to increased operational costs as firms invest in green technologies and sustainable supply chains. However, it also opens up new market opportunities in renewable energy and eco-friendly products.

2. Geopolitical Instability

Ongoing geopolitical tensions, including trade wars, conflicts, and shifting alliances, create uncertainty in global markets. Businesses must navigate tariffs, sanctions, and fluctuating regulations, which can disrupt supply chains and affect pricing strategies. Companies that diversify their supply chains and market presence can mitigate these risks, but they must also remain adaptable to rapid changes in the geopolitical landscape.

3. Technological Disruption

Rapid advancements in technology, such as AI, automation, and blockchain, are transforming industries. While these technologies can drive efficiency and innovation, they also pose challenges, including workforce displacement and cybersecurity threats. Businesses need to invest in upskilling their workforce and enhancing cybersecurity measures to stay competitive and secure.

4. Public Health Crises

The COVID-19 pandemic highlighted the vulnerability of global supply chains and the importance of health security. Ongoing health challenges, including pandemics and antibiotic resistance, can disrupt operations and affect consumer behavior. Businesses must develop contingency plans and adopt flexible operational strategies to respond to such crises effectively.

5. Economic Inequality

Rising economic inequality can lead to social unrest and impact consumer purchasing power. Companies are increasingly held accountable for their social impact, prompting a shift toward corporate social responsibility (CSR) initiatives. Businesses that actively engage in community development and fair labor practices can enhance their brand reputation and customer loyalty.

6. Regulatory Changes and Compliance

As governments worldwide adapt to emerging challenges, regulatory landscapes are shifting. Companies must stay informed about changing laws, including data privacy regulations and environmental standards. Non-compliance can result in significant penalties, so businesses need robust compliance frameworks to navigate these complexities.

7. Global Migration and Workforce Dynamics

Migration patterns are shifting due to economic, political, and environmental factors, leading to a more diverse workforce. While this diversity can foster innovation, it also requires businesses to implement inclusive practices and navigate cultural differences. Companies that embrace diversity can benefit from a broader range of perspectives, enhancing creativity and problem-solving.

8. Consumer Behavior Changes

The rise of digital platforms and changing consumer expectations are reshaping market dynamics. Consumers increasingly prioritize ethical consumption, transparency, and personalized experiences. Businesses must adapt their marketing strategies and product offerings to meet these evolving demands, often leveraging data analytics to better understand consumer preferences.

Conclusion

In conclusion, current global challenges profoundly impact the business environment, necessitating a proactive and adaptable approach from companies. By critically understanding these challenges, businesses can develop strategies that not only mitigate risks but also seize opportunities for growth and innovation. Embracing sustainability, technological advancements, and inclusive practices will be crucial for long-term success in an increasingly complex global landscape.

*DegreeClassification*	ThisisaFail	MarginalFail	Pass	Merit	Distinction	Distinction
Criteria	0-39% Workdoesnotmeettheassessmentcriteria	40-49% Workdoesnotmeettheassessmentcriteria	50-59% Satisfactorywork	60-69% Goodqualitywork	70-79% Excellentwork	80-100% Outstandingwork
1.Criticalevaluationofa	Workhas not been addressed	Workisdescriptiveand	Satisfactoryevaluation	Goodevaluationusing	Verygoodevaluationof	Excellentanalysisofglobal
GlobalChallenge(e.g.,	thecriteriaandishighly	limitedevaluationof	thoughusinglimited	rangeofsources onthe	globalchallenge(s) usinga	challenge(s) usingawide
climatechange,	subjectiveanddescriptive.	globalchallenges.No	sources ontheselected	selectedglobalchallenges,	widerangeofsources.	rangeofsources.Analysis
stakeholder	Noevidenceofacademic	logicalattemptat	globalchallenges.Analysis	withlimitedanalysisof	Analysisisrelevant,	isrelevant,coherentand
engagement,supply	researchonglobal	innovationorcreativity.	is notalways coherent or	interlinkedtopics.The	coherent and	contextualisedtoahigh
chaindisruptionsand	challenges.		contextualisedoraligned	evaluation isclearand	contextualisedtoagood	standard.Excellentlink
geopolitics).inrelation			withthecorporate	contextualised.	standard.Goodevaluation	betweentheanalysis and
toorganizational			strategies,efficiency,and	Reasonablelinkbetween	ofthelinkbetweenthe	fullyjustified
strategies,efficiency			effectivenessofglobal	theanalysis and	analysisandstrong	recommendations.High
andeffective			challenges.Weak link	recommendationsand	recommendationsand	levelofinnovationand
managementofpeople			betweentheanalysis and	someattemptsat	goodlevelofinnovation	creativityinresponse.
withrecommendations			recommendationsand	innovationandcreativity	andcreativityinresponse.
forimprovement.			littleattemptatinnovation	inresponse.
			andcreativityinresponse.
MarkAwarded
2.Criticalreviewand analysis of the company`s response to global challenge.	Workhas notaddressed the criteria and is highly subjective and descriptive. No evidence of understanding of hoe the company responded to global challenge.	Workisdescriptive,with little understanding of the how the company responded to the global challenge.	Satisfactoryanalysisand awareness of understandingofhowthe company responded to the global challenge, the limited discussion or recommendations on	Goodanalysisandclear depth of understanding of how the company responded to the global challenge with some clear recommendations and justification on other ways,	Verygoodevaluationand depth understanding of global challenge with clear justification and contextualization, good recommendations and justification	Excellentevaluationof considerable and in-depth understanding of a global challenge and in-depth understanding. Excellent, creative, brilliant, contextualization

			other ways that theorganisationcould respond.	thefirmcouldhaveresponded.	the firm could haveresponded.	justified recommendationsjonotherwaysthefirm couldhaveresponded
MarkAwarded
3.Drawingonyour	Noevidenceofany	Highlydescriptive	Satisfactoryinterlinked	Good,interlinkedanalysis	Verygoodandinsightful	Excellentandinsightful
analysisinparts1and	discussionof relevant	discussionofrelevant	analysisofrelevant	anddepthof	analysisofrelevant	holisticanalysisofrelevant
2andanyotherfactors	concepts	concepts,thusworkis	concepts.	understandingofrelevant	concepts.	concepts.
youwishtoconsider,	andtherefore,no	unclear.	Satisfactoryconsideration	concepts.Good	Very goodconsiderationof	Excellentconsiderationof
define,evaluate	applicationtoexploring	Limitedconsiderationof	ofrelevantconcepts to	considerationofrelevant	relevantconcepts to	relevantconcepts to
relevantconcepts	betterways ofaddressing	relevantconcepts to	bettermanageglobal	conceptstobettermanage	bettermanageglobal	bettermanageglobal
learnedthatcouldbe	globalchallenges.	bettermanageglobal	challenges	globalchallenges	challenges.	challenges.
usedtobettermanage		challenges.
globalchallenges
MarkAwarded
4.Criticallyreflecton	Noevidenceofpersonal	Limitedpersonal	Someself-awareness and	Goodevidenceof	Verygoodabilitytointer-	Outstandingabilityto
yourpersonallearning	awareness orengagement	awareness orengagement	criticalreflectionandlittle	engagement withthe	relateconceptsandideas,	criticallyreflecton
onthemoduleand	withthereflectivepractice	withthereflectivepractice	applicationofmodule	relevanttheoryand	drawingonpersonal	personalexperienceand
explainhowyouwill	process.	process.	theories.	offeringsomereflections	reflectionandexperience.	engagementwithothers.
usethislearningto				andexamples.		Extensiveuseofcourse
informyourfuture						theory tosupport
capabilitytoaddress						arguments as wellasuse
globalchallenges						ofexamples
MarkAwarded
	Failstoadoptalogical	Limitedstructure.Difficult	Satisfactorystructure.	Goodstructure.Clearto	Excellentstructurethat	Creative,logicaland
	structure.Verydifficultto	tofollow.Limited	Generallyclearsatisfactory	follow.Good	appropriatelypositionsthe	coherentstructure,with
	follow.Failsto	communication.Some	communication.	communicationwithout	debate.Excellent	convincingdevelopmentof
	communicateclearly.Full	significanterrors.Limited	Satisfactoryreferencing	errors.Goodreferencing	communicationthat	arguments.Outstanding
	ofgrammaticaland	referencingwith some	withlimitederrors.	withallsourcescited.	clearlyarticulatespoints	communicationthat
5. OverallPresentation,CommunicationandReferencing	spellingerrors.Poororno attempt to reference andnoreferenceslist	significanterrors.Limited references list withsignificant errors/omissions.	Satisfactoryreferenceslist withlimitederrors.	Goodreferenceslistwith allsourcescited.	expressed.Excellent referencing that aidsunderstanding.Excellent references list with	clearlyappliesacademic language to enhancemeaning.Outstanding referencingwithwide-
					sourcesaccurately	rangingandaccurate
					described.	referenceslistthatenables
						clearattributionand
						enhancesunderstanding.
						Outstanding

Level 7: Generic grade descriptor: relationship of grades of achievement to percentagemarkrangesandcategoricalgrades(CG)

Class	Category	Grade	%	GeneralCharacteristics
Distinction(Exceptional)	Exceptional Distinction	16	82	Exceptionalbreadthanddepthofknowledgeandunderstandingevidencedbyownindependentinsightandcriticalawarenessofrelevantliteratureand concepts at the forefront of the discipline; evidence of extensive and appropriate independent inquiry operating with advanced concepts, methods andtechniques to solve problems in unfamiliar contexts; Cogent arguments and explanations are consistently provided using a range of media demonstrating anability to communicate effectively in a variety of formats using a sophisticated level of the English language in an eloquent and professional manner to bothtechnicalandnon-technical audiences;asustainedacademicapproachtoallaspectsofthetasksisevidenced;academicworkextendsboundariesofthe disciplinesandisbeyondexpectationofthelevelandmayachievepublishableorcommercialstandard.
Distinction(Excellent)	HighDistinction	15	78	Excellentknowledgeandunderstandingevidencedbysomeclearindependentinsightandcriticalawarenessofrelevantconceptssome ofwhichareattheforefront of the discipline; evidence of appropriate independent inquiry operating with core concepts, methods and techniques to solve complex problemsin mostly familiar contexts; Arguments and explanations are provided that is well-supported by the literature and in some cases uses a range of mediademonstrating an ability to communicate effectively in a limited number of formats using own style that is suited to both technical and non-technicalaudiences;asustainedacademicapproachtomostaspectsofthetasksisevidenced;oneormoreaspectsoftheacademicworkisbeyondtheprescribed rangeandevidencesacompetentunderstandingofalloftherelevanttaughtcontent.
	MidDistinction	14	75
	LowDistinction	13	72
Merit(Good)	HighMerit	12	68	Verygoodknowledgeandunderstandingisevidencedas thestudent is typicallyabletoindependentlyrelatetaughtfacts/conceptstogethersomeof whichareattheforefrontofthediscipline;evidenceofsomecompetentindependentinquiryoperatingwithcoreconcepts,methodsandtechniquestosolve familiar problems; Arguments and explanations are provided that are typically supported by the literature and in some cases may challenge somereceived wisdoms; competently uses all taught media and communication methods to communicate effectively in a familiar settings; an academicallyrigorousapproachappliedtosomeaspectsofthetasksisevidenced;somebeyondtheprescribedrange,mayrelyonsetsourcestoadvancework/direct arguments;demonstratesautonomyinapproachtolearning.
	MidMerit	11	65
	LowMerit	10	62
Pass(Sufficient)	HighPass	9	58	Satisfactoryknowledgeandunderstandingoftheareaofstudybalancedtowardsthedescriptiveratherthancriticaloranalyticalandmostlyconfinedto concepts that are not at the forefront of the discipline; evidence of some independent reading and research to advance work and inform arguments andapproaches; Arguments and explanations are limited in range and depth although some are adequately supported by the literature albeit descriptivelyratherthancritically;competentlyuses atleastonetaughtmediaand communicationmethodtocommunicateappropriatelyinfamiliarsettings;although theapproachappliedtosomeaspectsofthetasksmaylackacademic rigour,therearesomeclearareasofcompetencewithintheprescribedrange.Reliesonsetsourcestoadvancework/directargumentsandcommunicatedinawaywhichshowsclarity,butstructuremaynotalwaysbecoherent.
	MidPass	8	55
	LowPass	7	52
	BorderlineFail	6	48	Knowledgeandunderstandingisinsufficientasthestudentonlyevidencesanunderstandingofsmallsubsetofthetaughtconceptsandtechniques;fails

FAIL (Insufficient)	MidFail	4	45	tomakesufficientlinksbetweenknownconceptsandfactsto adequatelysolverelevantaspectsofthebrief/problem;littleabilitytoindependentlyselect and evaluate reading/research with almost total reliance on set sources and unsubstantiated arguments/methods; communication/presentation may becompetent in places but fails to demonstrate structure, clarity and/or focus; inability to adequately define problems and make reasoned judgements; thegeneralapproachtotaskslacksrigorand competence.
FAIL (Insufficient)	LowFail	2	42
FAIL (Incompetent)	VeryLowFail	1	38	Knowledge and understanding is highly insufficient as the student is unable to evidence any meaningful understanding of taught concepts or methods;very limited evidence of reading and research to advance work; inadequate technical and practical skills as the student is unable to use and apply suchskills to address problems or make judgements; limited or lack of understanding of the boundaries of the discipline and does not question receivedwisdom;approachtolearninglacksautonomyandapproachtotasksisnotsustained; inabilitytocommunicatecoherently.
ZERO	Zero	0	0	Worknotsubmitted,workofnomerit,penaltyinsomemisconductcases.

* The grade points associated with the postgraduate fail grades are nonlinear to accommodate the necessary integration of the undergraduate andpostgraduatescales for somecourses

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