Question
Company: Meta Accordingly, for this Final Assignment, you will select at least five (5) economic variables fromof the ones we have discussed in class, and
Company: Meta
Accordingly, for this Final Assignment, you will select at least five (5) economic variables fromof the ones we have discussed in class, and conduct research to find real-world cases/scenarios in which companies were affected by each variable (e.g., In 2012, Company X was affected by an increase in exchange rates or, a new trade policy impacted Company Y) or, preferably, by a combination of the selected variables (e.g., Company Z's performance was harmed by increasing inflation and unemployment rates in 2016). To analyze each case/scenario, you will address the following:
- A brief description of the case with some background information about the affected company. - - An analysis of how the economic variable(s) influenced the company.
- A description of actions taken by the company's management to respond to and manage the economic variables.
- A description of the results/outcomes.
- A list of some key lessons that students learned from the case.
Part 2 (a) Based on the materials that you learned in class regarding economic forces/variables, their impacts, and implications for managers as well as the lessons that you learned from the above cases, develop a general decision-making model for identifying, analyzing and assessing, managing and responding to, and monitoring economic forces/variables that might influence organizations. The format of your proposed decision-making model should be analogous to a workflow diagram, illustrating the key steps, decision points, and processes involved in theprocedure. Your output for part (a) should be an illustration of a decision-making model with the format of a workflow diagram. (b) Provide a paragraph to briefly describe and justify the effectiveness of your model.
Following the outline below:
Outline: Economic Variables Impacting Companies and Decision-Making Model
I. Introduction
A. Brief overview of the assignment requirements
B. Importance of understanding economic variables for business decision-making
II. Real-World Cases/Scenarios
A. Exchange Rates Impact on Apple Inc. (2012)
1. Brief Description
2. Analysis of Economic Variables
3. Management Response
4. Results/Outcomes
5. Key Lessons Learned
B. Trade Policy Changes and Nike Inc. (2018)
1. Brief Description
2. Analysis of Economic Variables
3. Management Response
4. Results/Outcomes
5. Key Lessons Learned
C. Inflation and Unemployment Impact on General Motors (2016)
1. Brief Description
2. Analysis of Economic Variables
3. Management Response
4. Results/Outcomes
5. Key Lessons Learned
D. Interest Rates and Coca-Cola (2008 Financial Crisis)
1. Brief Description
2. Analysis of Economic Variables
3. Management Response
4. Results/Outcomes
5. Key Lessons Learned
E. Government Regulations and Facebook (Data Privacy Issues - 2018)
1. Brief Description
2. Analysis of Economic Variables
3. Management Response
4. Results/Outcomes
5. Key Lessons Learned
III. Decision-Making Model for Economic Forces/Variables
A. Introduction to the Decision-Making Model
1. Purpose and Scope
2. Integration of Real-World Lessons
B. Components of the Decision-Making Model
1. Identification of Economic Variables
2. Analysis and Assessment
3. Prioritization and Decision Points
4. Strategy Development and Implementation
5. Continuous Monitoring
C. Workflow Diagram Illustration
1. Visual representation of the decision-making model
2. Sequential steps and decision points
D. Justification of the Model's Effectiveness
1. Explanation of how the model addresses key challenges
2. Alignment with lessons learned from real-world cases
IV. Conclusion A. Recap of the real-world cases and their implications
B. Significance of the decision-making model for organizations facing economic variables
C. Encouragement for proactive and adaptive decision-making in dynamic economic environments
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