Viewpoint About Developments In World Economy: Global Viewpoint Paper Assessment 4 Answer

ASSIGNMENT 4: GLOBAL VIEWPOINT PAPER

“Given the speed with which a single player can amass resources or a government can change the competitive ground rules, you must develop your skill in imagining second- and third-order consequences 

Your viewpoint about the world will give you a better sense of how to filter the sources of information you rely on, focus the business, allocate resources, select people, and organize their efforts. It will also change the way you allot your time and mental energy.” —Global Tilt (Ram Charan, 2013)

Directions

Total Point Value: 160

Anticipated Time to Complete: 8 hours

Type of Assignment: Individual

Audience for Assignment: You and your instructor

Assignment Objective: To build your own personal viewpoint about developments in the world economy along with a strategy for keeping it current over the course of your career and life.

Procedure

In this two-part assignment, you are asked to assess the current state of globalization and the global economy, project where current trends are headed, and identify the strategy that you can personally implement to keep your global viewpoint up-to-

date. The intended result is for you to develop a modifiable viewpoint on globalization and global business that can serve as a guide and agenda to prepare for successfully working in an increasingly complex, global economy.

Part 1 Where are we, and where is the global economy headed? (120 points)

Write a 10-page, double-spaced paper addressing the following areas. Assessing the lay of the land:

• The current state of the global economy
• What are the major problems and opportunities presented by the global economy for businesses?
• What are the major problems and opportunities presented by the global economy for individuals and society around the world?
• Stakeholder impact (including but not limited to businesses): Who are the winners and losers?
• What is the role of the emerging markets in the global economy? Future forecast:
• What does the global economy look like in 2050?
• Does your forecast make you optimistic or pessimistic about the future? Why?
• How will your forecast impact the approach you take toward your career? Part 2 Maintaining a Current and Well-Informed Viewpoint (60 points):

Write a three-page, double-spaced narrative that articulates a strategy for keeping your global viewpoint up-to-date over the course of your career.

• What sources of information will you seek out and rely on? How will you access these information sources?
• What actions will you take on a day-to-day basis?
• What interactions with others will you seek out?
• What special efforts will you take less frequently but systematically to maintain a current global viewpoint?