BUSINESS ANALYTICS AND ECONOMICS AS A COMPETITIVE ADVANTAGE
Assignment Overview
Economic Implications of Organizational Strategies
Most college students take at least one undergraduate economics class which they often quickly forget. When the pandemic created a global economic event, the lessons of that class became more critical as businesses navigated uncertain circumstances. This case will allow you to expand what you learned in Managerial Economics (BUS530).
Case 2 Resources
The Relationship between an Organization and Its Environment (2020)
Evaluating the General Environment (2020)
Resource-Based View (2020)
MGT501: A 7-Step Plan for Business Leaders to Win in the Post-COVID Economy (2021)
BUS520: How COVID-19 Is Disrupting Data Analytics Strategies (2021)
ACC501: A New Look at How Corporations Impact the Economy and Households (2020)
FIN501: The Year of the Pivot (2021)
MKT501: Four Ways to Adapt Your Marketing Strategy and Tactics for an Economic Downturn (2021)
Case Assignment
Using Economics to Guide Strategy
The global economy will function differently in the foreseeable future due to the effects of pandemic disruptions. The term new normal is being used as organizations figure out how to leverage environmental analyses and develop strategies in uncertain times. As with all of the other strategies undertaken thus far in class, a multidisciplinary approach is necessary.
While not focusing on a single business or industry, research how strategic management is facilitating plans to support organizations in the post-COVID economy. In your assignment, you will also be finding and using quality research published within the past 2 years. Articles from the library databases are a good choice.
Look at the management planning function. (1 page; research required).
Consider how marketers contribute. (1 page; research required).
The role data analysis. (1 page; research required).
Accounting functions that support the process. (1 page; research required).
Examine finance practices that can be applied. (1 page; research required).
Include ethical concerns. (1 page; research required).
Making Connections
Explain how Strategic Management provides a foundation for the cross-functional teams to join forces to steer an organization in economic uncertainty. (1 page; research required).
No quotations are permitted in this paper. Since you are engaging in research, be sure to cite and reference the sources in APA format. NOTE: Failure to use research with accompanying citations to support content will result in reduced scoring Level 2-Developing across the grading rubric. This is a professional paper; not a personal one based on feelings. It must be written in the third person; this means words like I, we, and you are not appropriate.
Assignment Expectations
Use the attached APA-formatted template (MGT599 Case2) to create your submission.
The template is set up in APA 7: double-spacing, font, margins, headings, page breaks, APA help links.
Your submission will include:
Trident University Internationals cover page
A paper with APA citations (2- to 3-sentence introduction, 7-page body, 2- to 3-sentence conclusion)
The reference list page in APA format
