Reference no: EM133019782

LO1 Critically analyse the knowledge economy and the various drivers of economic changes which impact business activities.
LO2 Understand the legal framework and its implications in the wider context of business management.
LO3 Critically evaluate the political factors which influence company management and dynamics.
LO4 Analyse case scenarios and case studies on the various economic drivers and legal frameworks practiced in business management.

Assignment - Socio-Economic & Legal Environment

This assignment consists of two tasks. For Task 1, learners are asked to develop a ‘Socio-economic and legal assessment report' by answering the questions given. For task 2, learners are required to make a presentation based on the scenario given for Task 2 (the details of which are provided along with Task 2 below). The presentations for Task 2 will be conducted during the final two sessions of the module, the time slots for Task 2 presentations will be informed during the sessions.

Assignment Task 1 Report on Chosen Organisation

Collectively, technological disruptions are seen as very significant drivers of industrial change. Among these, growth in cheap computing power and the ubiquity of the mobile internet have already had widespread impact on existing business models. Demographic and socio-economic shifts are expected to have nearly as strong an impact on business models and Organisational structures as technological change. Application of technology has already changed when and where work is done in practically every industry as workplaces of the industrial age give way to work practices of the digital age, including work, flexible work and on-demand work.

Your report should include the following aspects:

1. Executive Summary: You should summarize your entire report briefly (hopefully on no more than one page of A4 paper).

2. Introduction: Provide some background information on the chosen case study organisation and identify the socio-economic trends which affect the chosen organisation's business model.

3. Literature Review on Knowledge economy and various drivers of economic change: You should conduct a review of relevant academic literature and provide a critical analysis of the current issues/concepts that are relevant to your chosen organisation. To achieve this, you must explore macro-economic dimensions of business, knowledge economy concepts, demographic and socio-economic shifts, and technological drivers of change to support your review of the knowledge economy and the drivers of economic changes with regard to the chosen organisation. Your literature review should include at least 6-8 articles taken from reputed research journals/ article publications, as well as in addition consider any other secondary literature reports which might also be nonacademic.

4. Impact of legal framework and political factors: In this section, you should critically evaluate the legal frameworks and their implications on your chosen organisation's current and future position. A critical evaluation of the organisation's political factors and their influence on management and its dynamics. Therefore, the focus of this section needs to be on:
(1) The influence of Political factors in the economic growth and future development of your chosen organisation.
(2) The long-term implications for the sector of your chosen organisation.
(3) A review of the formal and informal legal systems and anti-trust laws and their impact on the chosen organisation's industry
5. Conclusions and Recommendations: You should summarize the main findings, including their implications, and provide recommendations for the organisation and its industry in coping with these realities.

6. References: You should use the Harvard Referencing System (HRS) correctly throughout in your report.

Assignment Task 2 - Presentation

Case study: - ‘Drivers of change'

The World Economic Forum is an International Organisation for public-private cooperation and engages the foremost political, business and other leaders of society to shape global, regional and industry agendas. The World Economic Forum has recently published ‘The future of jobs report' and a part of the report is titled ‘Drivers of Change'. The part titled ‘Drivers of Change'

‘Drivers of Change' mainly outlines the technological, demographic and Socio-economic trends affecting business models along with the industry and country level changes and the expected timeframes to impact industries and business models. Table 2 in the ‘Drivers of change' represents the ‘significance, timeframe and definition of drivers of change'

Learners are now required to critically analyse the case study (their chosen organisation), exploring, through a short presentation, the ‘Significance of key change drivers, the relevance of timeframe here. The case organisation must be similar to the one used in Task 1. Guidelines for the presentation are as follows: -

1. Learners should clearly establish the Significance, Timeframe and definition of drivers of change with regard to the organisation chosen for task 1

2. Learners must not exceed 10 minutes of presentation.

3. Learners are requested to use PowerPoint presentations (Maximum of 10 slides) to make the presentation.

4. The presentation date will ideally fall on the last session for the module, the exact date will be informed in advance by the faculty.

5. There is no specific structure as such for the presentation. Any structure can be followed, and the learners are encouraged to be creative and proactive to make the presentation academically relevant.

Attachment:- Legal Environment.rar