Exam 16: Conclusion: Looking Ahead-Managing in a Dynamic Environment

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What are the main global political and economic challenges that lie ahead?

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∙\bullet Dealing with the 2008 global economic crisis
∙\bullet Outline the competing approaches
∙\bullet Need for global regulation of business
∙\bullet Challenge of global climate change
∙\bullet Global inequality and political instability
∙\bullet Prospects of development of global trade relationships
∙\bullet Tension in global trading links as a result of election of Trump, Brexit, and the increasing influence of the BRI

What are the main challenges that lie ahead in the external business environment?

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∙\bullet Emerging markets
∙\bullet Future for world trade
∙\bullet Need to re-balance the world economy
∙\bullet Climate change
∙\bullet Global financial regulation
∙\bullet Equality debate
∙\bullet Quality of life issues
∙\bullet Ageing
∙\bullet Technology

To what extent will a rise in the tide of affluence lead to universal prosperity?

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∙\bullet Discussion of prospects for rise in affluence as against the recent economic turmoil
∙\bullet Discussion of 'affluenza' as a useful term
∙\bullet Discussion of the extent to which governments can seek to bring about more equality, both nationally and globally
∙\bullet Outline of the debate about possible limits to growth and the environmental impact
∙\bullet Reference can be made to migration patterns, demographic changes, and poverty reduction policies such as MDGs and BOP models

Why did global economic recession starting in 2007/8 call into question the belief in the primacy of markets?

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How has the business environment changed in relation to the global football business? What do you see as the likely future trends in this business?

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