What are the economic variables that have a verifiable impact on a company’s global operations?

  

You have been working as an economic consultant,
and you have seen a significant number of firms needing outside help to assist
in business policy and formulation. Because
of your strong reputation, you have just been hired as a consultant for one of
the following organizations:
Apple
Toyota
McDonalds
Starbucks
United Parcel Service (UPS)
For this particular project, you will be reporting
to the executive officers in the organization (CFO, CTO, CIO, and CEO). Your task will be to evaluate the trade
policies and economic variables that have a verifiable impact on the companys global
operations. It is important that you evaluate
tactical and strategic components of the organization and make appropriate
economic predictions and recommendations based on its current operations and
your predictions.
Your overall evaluation and analysis of variables
that are impacting the organization will be presented to the officers of the
organization. In your report, it is
essential that you also include current economic events, predictions, and
future recommendations for the organization.
ProjecT instructions
After
you choosing one of the five listed organizations to work for, you will need to
write an economics paper that will be presented to the organizations
officers. The paper should be a minimum
of 15 pages and a maximum of 20 pages, and the page counts below are
suggestions only.
The
point of your analysis and recommendations is to help the organizations top
management choose the best course of action for its global operations in light
of your evidence and predictions.
Your
report must include the following components:
Executive Summary (1-2 pages)
Your report should begin with a
summary of the content. Your summary
should outline what each section covers.
The summary should provide enough information so the officers of the
organization gain enough knowledge to develop a framework for the remaining
content.
Introduction (2-4 pages)
The initial portion of your report
should present an overall background of the organization in terms of domestic
and international operations. Please
make sure that the officers of the organization can have a thorough understanding
of current operations from a transnational point of view.
Body (1-2 pages per area)
After reviewing the economic
variables affecting the organization, please choose five areas below that you
feel to be the most pertinent to your evaluation.
Please choose five of the following areas to include in your report:
Cost reduction through the use of
economies of scale
The impact of currency
fluctuations on international operations
Domestic and international issues
related to labor and wages
Tactics and strategies affected by
technology
The relationship between tariffs,
pricing models, and manufacturing
Integrating business operations in
open or closed economies
The impact of fiscal and monetary
policies on business operations
Risk reduction through hedging,
arbitrage, and currency management
Forecasting supple and demand from
the perspective of domestic and international operations
How globalization has affected
international business operations
Comparative advantage and the
gains from trade
To effectively analyze these
variables, you will need to conduct significant research and relate your
findings in your report. It may be
feasible to ask what economic conditions are affecting the organization today,
and what the outlook is, based on your assessment.
Conclusion (2-4 pages)
In the concluding portion of your
report, please summarize your overall conclusions. Based on your conclusions,
How do you feel the companys short-
and long-term operations will be affected by future economic conditions and
government trade policies?
What solutions would you suggest
to your organization to capitalize on opportunities you see or to mitigate or
avoid unfavorable situations?
What would be your action plan for
the organization in each case? The
officers of the organization would like you to include four recommendations,
and you should incorporate all of the current economic conditions in your
justification for the feasibility of future actions.
Research
Your research report must use a
minimum of 10 academic sources, including any combination of websites,
articles, textbooks, news articles, and journal articles. Make sure to cite your sources using APA
style.

Introduction:

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As an economic consultant, I have observed a growing need for outside assistance in business policy and formulation among various organizations. Thanks to my reputation, I have recently been hired to evaluate the trade policies and economic variables impacting one of the following organizations: Apple, Toyota, McDonald’s, Starbucks, or United Parcel Service (UPS). My role in this project is to report to the executives of the organization and analyze the tactical and strategic components of the organization to provide appropriate economic predictions and recommendations based on its current operations and my predictions. This report will present an overall evaluation and analysis of variables impacting the organization and include current economic events, predictions, and future recommendations for the organization.

Description:

This project requires writing an economics paper of 15 to 20 pages to present to the organization’s officers. The main objective is to help top management choose the best course of action for global operations based on my evidence and predictions. The report must include an executive summary, introduction, and body that evaluates five pertinent economic areas influencing the organization. The analysis and recommendations included in the report must consider the impact of currency fluctuations on international operations, cost reduction strategies through the use of economies of scale, labor and wage issues, tactics and strategies affected by technology, the relationship between tariffs, pricing models, and manufacturing, integrating business operations in open or closed economies, the impact of fiscal and monetary policies on business operations, risk reduction through hedging, arbitrage, and currency management, forecasting supply and demand from the perspective of domestic and international operations, how globalization has affected international business operations, and comparative advantage and the gains from trade. Thorough research is necessary to effectively analyze these variables and relate the findings in the report.

Learning Objectives:

1. Evaluate the impact of economic variables on global business operations.
2. Analyze and predict tactical and strategic components of an organization’s global operations.
3. Develop economic recommendations based on current operations and predictions.
4. Conduct significant research and effectively communicate findings in a formal report.

Learning Outcomes:

By the end of this project, the learners will be able to:
1. Evaluate the impact of economic variables on global business operations and determine the most pertinent areas to include in a formal report.
2. Analyze tactical and strategic components of an organization’s global operations and make appropriate economic predictions and recommendations.
3. Develop a formal report that includes current economic events, predictions, and future recommendations for the organization, which will be presented to the organization’s top executives.
4. Conduct significant research on the chosen organization, relate findings to the economic variables affecting the organization, and effectively communicate findings in a formal report.

Headings:
1. Objectives and Learning Outcomes
2. Project Overview and Requirements
3. Executive Summary
4. Introduction
5. Evaluation of Economic Variables
6. Areas of Focus
7. Research Methods and Sources
8. Conclusion and Recommendations
9. References and Appendices.

Solution 1: Analysis and Recommendations for Starbucks

Executive Summary (1-2 pages)

In this report, we provide an analysis of Starbucks Corporation’s global operations, with an emphasis on trade policies and economic variables that affect its tactical and strategic components. Our report identifies five areas that are pertinent to the firm’s evaluation, including the impact of currency fluctuations, labor and wages, tariffs, pricing models, and manufacturing, fiscal and monetary policies, and the impact of globalization on business operations. Through extensive research and analysis, we make specific recommendations on how Starbucks can optimize its global operations and minimize risks in these areas.

Introduction (2-4 pages)

This section of the report provides a detailed background of Starbucks Corporation, focusing on its domestic and international operations, as well as its mission and values. We highlight the company’s significant growth in recent years and its strong brand image in the global marketplace. We also provide an overview of the latest economic trends and challenges facing the coffee industry, such as the impact of climate change, sustainability concerns, and shifting consumer preferences.

Body (1-2 pages per area)

1. The impact of currency fluctuations on international operations

We analyze how fluctuations in global currency rates affect Starbucks’ revenue and expenses, given its global supply chain and operations in multiple countries. We recommend that the company should proactively manage its currency risks by using hedging or other financial instruments, such as derivatives, to mitigate the impact of currency volatility on its financial performance.

2. Domestic and international issues related to labor and wages

We examine the labor and wage policies in Starbucks’ key markets, such as the US and China, and evaluate the potential impact of labor regulations and protests on the firm’s operations and supply chain. We recommend that Starbucks should adopt a proactive approach to labor management by investing in employee training, welfare, and education initiatives, as well as engaging in stakeholder dialogue to foster a positive working environment and mitigate potential reputational risks.

3. The relationship between tariffs, pricing models, and manufacturing

We examine the impact of trade policies, such as tariffs and import/export regulations, on Starbucks’ pricing strategies and supply chain operations. We analyze the potential of tariffs to disrupt the company’s coffee bean sourcing and supply chain, as well as affect pricing decisions in key markets. We recommend that Starbucks should consider diversifying its supply chain sources and exploring domestic sourcing options, while also maintaining its focus on sustainable and ethical sourcing practices.

4. The impact of fiscal and monetary policies on business operations

We evaluate the potential impact of fiscal and monetary policies, such as interest rates, taxes, and government spending, on Starbucks’ financial performance and strategic decision-making. We recommend that Starbucks should monitor the impact of such policies closely and adopt a flexible strategy to adjust to changes in market conditions. We also recommend that the company should explore financing options to reduce its exposure to interest rate risks and maintain financial stability.

5. Forecasting supply and demand from the perspective of domestic and international operations

We analyze Starbucks’ current forecasting methods and recommend that it adopts a more data-driven approach to forecast supply and demand for its products. We recommend that Starbucks should invest in market research and data analytics to better understand evolving consumer preferences and trends, and optimize its supply chain and inventory management strategies accordingly.

Conclusion (1-2 pages)

In conclusion, we believe that Starbucks has a strong track record of success in the global coffee industry, and faces both opportunities and challenges in terms of maximizing its competitiveness and minimizing risks in the current economic environment. We recommend that Starbucks adopt a proactive approach to managing trade policies and economic variables that affect its global operations, while also investing in innovation, sustainability, and stakeholder engagement to maintain its leadership position in the global coffee market.

Solution 2: Analysis and Recommendations for United Parcel Service (UPS)

Executive Summary (1-2 pages)

This report offers a comprehensive analysis of the economic variables and trade policies that impact United Parcel Service (UPS) and provides a series of recommendations to optimize its global operations and future growth. We identify five areas, including cost reduction through economies of scale, labor and wages, technology, fiscal and monetary policies, and globalization, that we believe are essential strategic components and demand UPS’s attention. We provide recommendations and predictions based on thorough research.

Introduction (2-4 pages)

In the introduction section, we provide an overview of the UPS company, including its domestic and international operations and mission, and values. We also analyze the latest trends and issues faced by the logistics and transportation industry, such as e-commerce growth, sustainability, and evolving regulations. Finally, we articulate our research objectives.

Body (1-2 pages per area)

1. Cost reduction through economies of scale

We provide an analysis of how applied economies of scale principles can drive cost reduction and generate benefits for UPS’s global operations. We recommend that the company explore opportunities to expand its scope of services, acquire complementary businesses, and streamline its operational processes.

2. Labor and wages

We analyze labor and wage policies in UPS’s key markets, evaluate how globalization and deregulation affects these policies, and assess the emerging risks and opportunities of such policies. We recommend that UPS considers proactive measures such as subsidizing employee healthcare, providing scholarships for education, and implementing an apprenticeship program to improve retention rates and productivity.

3. Technology

We evaluate the impact of technological advancements on the logistics industry, assess UPS’s adoption of innovative platforms, and offer recommendations for further improvements. We recommend that UPS harnesses big data analytics to optimize its logistic operations to enhance customer experience and operational efficiency.

4. Fiscal and monetary policies

This section examines how fiscal and monetary policies affect UPS’s strategic moves and performance. We analyze how fiscal and monetary policies’ regulatory environment, particularly the tax system, affects UPS’s operations. We recommend that UPS regularly review its policies to optimize tax structure and adjust to market fluctuations.

5. Globalization

We examine globalization’s impact on UPS’s supply chain network, competitive dynamics, and growth prospects while assessing its advantages and disadvantages. We provide a recommendation for market segmentation, product diversification, and strategic investment in regions with vast potential for growth.

Conclusion (1-2)

In conclusion, our analysis reveals that delivering on the promise of globalization, exploring areas of growth potential, optimizing technological innovations, adopting innovative labor and wage policies, implementing the best fiscal and monetary policies, and cost reduction through economies of scale principles are essential to UPS’s future success. We provide a series of recommendations for UPS’s executive team to develop policies to address these critical issues.

Suggested Resources/Books:
1. “International Business: The Challenges of Globalization” by John J. Wild and Kenneth L. Wild (2017)
2. “Strategic Management: Concepts and Cases: Competitiveness and Globalization” by Michael A. Hitt, R. Duane Ireland, and Robert E. Hoskisson (2016)
3. “Global Business Today” by Charles W. L. Hill and G. Tomas M. Hult (2019)
4. “International Trade: Theory and Policy” by Paul R. Krugman and Maurice Obstfeld (2018)
5. “Applied Economics for Business Students” by Jon Curwin and Roger Slater (2016)

Similar asked questions:
1. What are the economic policies that affect global operations of multinational companies?
2. How does currency fluctuation impact the performance of multinational companies?
3. What are the risks associated with globalization and how can they be mitigated?
4. What are the economic benefits of integrating business operations in open or closed economies?
5. How do fiscal and monetary policies impact business operations in different countries?

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