Students will become familiar with business theories and approaches relating to various business environments (Domestic, Global, Technological, Political-Legal, Socio-Cultural, and Economic).
Students will evaluate the business environments and practices of selected companies.
Students will evaluate the business environments of a company identified as a “worst” company to learn why it is not successful.
Students will apply successful company strategies and business theory to recommend a successful strategy for the worst company.
For your selected worst company (you selected in Week 1 Assignment), analyze what it takes to make it in the Domestic and Global Environments. Determine the government regulations for your company in the differing countries where your selected worst company operates. Choose two (2) foreign countries to compare to the U.S./Domestic (EXCLUDING Canada and Mexico). Refer to Week 3 Lesson for more information and details. Also this week you begin to identify barriers in the environments for your chosen worst company. Continue to Lesson 4 for more information and details.
For the Technological Environment: This includes how the rapid pace of change in production processes and product innovation affect a business. The technological environment also consists of what affects the technology and which can create new products, new markets, and new marketing opportunities in the way a business operates in the technological environment. Consult your readings for the definitions of hard and soft technologies and apply to your discussion.
LO – 1 – Identifying one of the business environments used in this course, the student will be able to discuss that environment’s past, present, and future with the use one business theorist.
LO – 2 – Given a chosen company, the student will determine how government regulations affect the company and how to overcome barriers within the Domestic Environment using business theory
LO – 3 – Given a chosen company, the student will assess barriers raised by government regulations in the company’s Global Environment and identify strategies for success given these barriers.
LO – 4 – Given a chosen company, the student will detect and evaluate the company’s hard and soft technology using both the Domestic and Global environments of the company.
PROMPT:
Research the domestic, global, and technological environments of your selected worst company and write an essay in APA7 format that covers the following:
1. Identify the company you selected in Week 1, describe the nature of its industry, and describe the domestic environment (home company). For example, U.S. Air operates in the airline industry. Its home country and domestic environment are the United States.
a. Summarize the company’s industry, how long it has been in business and its worst attributes.
b. Investigate and explain the domestic government regulations associated with the company’s industry.
2. Describe the company’s global environment (cover at least two 2 foreign countries where the company does business — NOT Mexico or Canada);
a. What are the characteristics of the Global Environment that best suit the company for success?
3. Identify the hard and soft technologies environment used for both domestic and global environments of your company. This topic is not about computers or software; refer to the definitions of these technologies in your lesson and readings.
4. Identify and explain the barriers for your company in the domestic, global, and technological environments barriers and how the company does or can overcome these barriers?
Further Instructions:
• Organize your paper using topic headings (APA7 format)
• Research requirement: minimum 2 sources with at least one source from your required readings.
• Minimum page requirement: 4 pages in APA7 format; maximum: 6 pages.