Reference no: EM132411996

BUSN20031 - Social Innovation Assignment - Central Queensland University, Australia

Reflective Assignment -

Details - As outlined on the unit 'How will you he assessed' page, this task requires you to write a 2,500 (maximum) word essay.

To effectively complete this task, you should:

1. Complete the relevant unit learning activities.

2. It may be useful for you to read and consider the Reflective practice Assessment and Learning resource.

Task summary - You have studied throughout this course that disruption, innovation and globalisation are key for new businesses. As a business leader, it is time to reflect on the social impact of your business.

Read the following statement from a Deloitte report on Business and Social Impact: 'The global economy has reached a tipping point where emerging markets are no longer simply a rising force but ore now taking center stage. Even companies with a strong existing market presence must grapple with how to expand their reach into new countries and segments, including second-tier markets and rural areas.

In these markets, the scale and diversity of social needs provide rich commercial opportunities. But they also present major challenges to service and business operations. Throughout emerging markets, the gap between aspiration and met needs are often substantial with regard to Issues of poverty, access to sanitation and clean water, food security, and the social infrastructure of housing, education, and health care.'

Task description - In undertaking this reflective assessment, select one emerging economy upon which to focus. Then answer the following questions. You should write this assignment as a reflective piece Refer to your own experience, ideas, and impressions wherever possible. Use headings for each of the questions.

Questions -

1. What are three ways to make your business more socially engaged and involved in social innovation?

2. To what extent do you think your organisation needs to develop in emerging markets, or not?

3. What are some social barriers or challenges you perceive there to be in investing in emerging markets?

4. What are some challenges for you specifically as a business leader, in investing in social innovation in an emerging market?

5. What ore some ways your organisation might overcome service or business operation difficulties or obstacles?

Note - Essays must be submitted in a MS-Word format file and must follow the APA 6th edition referencing style.