simulating it in the six business environments. At this point, you should have all elements identified. The assignment this week will be a final simulation project for your case study “Worst” company. Continue to Lesson 8 and the Final Simulation Assignment for more information and details. Your simulation will be in the form of a PowerPoint Presentation rather than another paper.

LO – 8 – Given a chosen company, the student will be able to: identify the studied environments (Domestic, Global, Technological, Political-Legal, Socio-Cultural, and Economic) of that company; combine these environments, and develop a final analysis that synthesizes government regulations for the company’s Domestic and Global Environments; identify the hard and soft Technology for the company; identify the Political-Legal barriers for the company in its Domestic and Global Environments; identify the Socio-Cultural factors of the Domestic and Global Environments of the company; and identify two economic theories that apply to successful strategy for the company’s Domestic and Global Environments

Prompt

Referencing the six papers you developed for Weeks 2-7, integrate the company’s six business environments by completing the following in a PowerPoint Presentation.

1. Identify the company’s domestic environment and discuss how the government regulations affect its domestic environment it must operate in.
2. Identify a global environment for the company and discuss how the government regulations affect its global environment it must operate in.
3. Identify the hard and soft technology and interpret the characteristics the company should have/use to be successful in its domestic and global environment.
4. Identify the political-legal barriers for the company in both the domestic and global environments. Use business theory/theorists to illustrate how the company can operate successfully in its domestic and global environment.
5. Identify, compare, and contrast socio-cultural factors of the domestic and global environments of the company.
6. Compare and contrast two economic theories for both the domestic and global environments of the company.
7. Note how these environments interrelate in their influence on this company’s business.

Instructions for presenting the above as your final simulation:

• Develop a PowerPoint presentation of your strategy of success for the company based on your evaluation of steps 1-6 above, by assessing what you’ve learned through your research and readings. Compare what the company has been doing as a “worst” to what you recommend it should be doing. You cannot state that you would not change anything.
• Your presentation should be 15-20 slides to discuss your findings in response to the topics above.
• Be sure to include speaker’s notes with your slides. 
• You must incorporate critical thinking, and be organized, interesting, and complete.
• Research requirement: minimum 7-8 credible sources 
• Citations of your sources on your References slide(s) must follow APA format, but need not be double spaced or in hanging indent.

The economic environment comprises of economic factors, such as employment, income, inflation, interest rates, productivity, and wealth, which influence the buying behavior of consumers and firms. This week you will analyze the economic environment of both your domestic and global countries for your chosen “Worst” company. Continue to Lesson 7 for more information and details.

LO – 7 – Given two economic theories, the student will compare and contrast each theory using a chosen company’s Domestic and Global environments

Prompt:

Continue working with your chosen worst company and its industry and write a paper covering the following:

• Using your chosen company’s domestic environment identify its economic environment and compare and contrast it with your selected global economic environment using Rostow and Galbraith (see Lesson and Required Readings).

Theorists Rostow and Galbraith

(Follow links for complete reading of Lesson.)

Walt W. Rostow is best known for his theory of the Stages of Economic Growth,  one of the major historical models.  Rostow’s model postulates that economic growth occurs in five basic stages, of varying length:

VIEW VIDEO  (Puchein, 2018, Transcript provided).

Summary of Rostow’s Stages of Economic Growth, (Jacobs, 2020):

1. Traditional society – This first stage is characterized by subsistence level – basic farming, bartering.
2. Preconditions for take-off – Industrial development has begun;  has developed an international interest.
3. Take-off – This is where level 2 has moved into busier, concentrated activities in  industrialization, with innovation exhibited in technology.
4. Drive to maturity – Longer sustained activity, developing infrastructure, diversifying business activities, industries, and increased focus on quality of life.
5. Age of high mass consumption – Broad consumer demands  are met by mass production.

Countries can be identified at different stages of Rostow’s model and are evolving at different rates. U.S. businesses might find this model informative when considering where to target their global ambitions. Developing areas of Africa exemplify Levels 2 and 3.

John Kenneth Galbraith

John Kenneth Galbraith is best known for his theories and writings on capitalistic societies. In his most famous work, The Affluent Society (1958), which became a bestseller, Galbraith outlined his view that to become successful, post-World War II America should make large investments in infrastructure, such as highways and education, using funds from general taxation. Galbraith also critiqued the assumption that continually increasing material production is a sign of economic and societal health. Interesting, these two seemingly obvious conclusions are entirely consistent with the final stage of Rostow’s theory, where what he calls “mass consumption” defines the fully developed economic environment.

Galbraith (2020) has voiced a dramatic response to the COVID-19 pandemic interruption of business enterprise in the U.S., stating, “Disaster capitalism is being tried, and the worst case is now the likely case. But there is a scale beyond which disaster capitalism cannot go.” He warns new financing model is needed to cope with “carnage” and a corresponding response by business, which must recognize there is no return to a former normal.

“A new financing model – cooperative, with public support – will be required to re-establish small businesses. Local, decentralized cultural and sporting venues will have to replace mass-based experiences; these too will require cooperative structures and public support.   In short, the only way out, remotely acceptable to the population at large, will require a comprehensive restructuring of the economy on a cooperative  foundation, with the government stepping up to guaranteed funding, employment, and public investments.” (Galbraith, 2020)

1. Provides a strong introduction to the paper that gives a background of the situation and includes a strong thesis statement; provides a strong conclusion.

2. Identify and discuss 90-99% of the questions/concepts required by the assignment description.

3. The paper reasonably exceeds the length requirement at 4 pages in length.

4. Provides 2+ examples and applies it to the elements in the assignment details and cites sources to support his/her findings

5.Titles for each paragrah 

6.Strong Introduction and Conclusion