(e.g., interest rate, exchange rate, price fluctuations, unemployment, trade policies, etc.) that affect organizations in different manners. A primary objective in this class is to enhance students’ analytical and strategic decision-making abilities. In the context of this course, this objective can partially be fulfilled by encouraging students to review, study, and learn about the actions and initiatives that companies have taken to respond to different economic forces/variables and more importantly, “a combination” of these variables. Part 1
Accordingly, for this Final Assignment, you will select at least five (5) economic variables from of 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 the procedure. 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.
Adherence to APA formatting is required and the paper should be between 1500-2500 words in length and include a minimum of 3 references.