ECON 201 SEU Technological Upgradation in Any Industry May Cause Unemployment Ques

User Generated

zbunznq590

Business Finance

Econ 201

ECON

Description

Saudi Electronic University

College of Administrative and Financial Sciences

ECOM201 – Introduction to E-management

Assignment 3

Project assignment

Medawa Medical Company

2020/2021


Requirements

Consider yourself as Global Manager for a Medical Company (Medawa) that is leading chain of retail pharmacy in Saudi Arabia, Jordan and United Kingdom. This company uses digital solutions for their business, but it focuses heavily on its retails sales. However, due to the recent Covid-19 pandemic, the way how they do business has been remarkably impacted. Not just with sales, the impact of this pandemic effected the way this company work, communicate and operate.

Therefore, as the global manager of this Medawa medical company you are required to develop a detail strategy on the following:

  • Introduction about the topic.
  • Explain what are the limited options that Medawa currently have regarding dealing with the pandemic.
  • What is the level of technology urgency Medawa needs to sustain its performance?
  • As a global manager, leading from home involves the leverage of digital capabilities. What are these capabilities? List and explain at least 3.
  • Explain what type of virtual management characteristics will be implemented and why?
  • How the virtual teams will work together?
  • What tools are they using for communications and task management?
  • How you will manage delivering the new changes within a short time in different locations in terms of language, cultural, time, political, and economical differences?
  • What are techniques that you will be using to create a strong team with a high level of teamwork?
  • What are the advantages and disadvantages of managing a virtual team?
  • What type of conflicts might occur between members? When it happened how will you solve it?
  • As a manager how you will manage the outsourced projects?
  • What techniques that you will apply to encourage and motivate your team for improvement?
  • Conclusion.

Keep in mind that the project MUST be supported by evidence and resources. Otherwise, your answer will not be valid.


Important details

Due date

Marks

End of week 13

28/11/2020

15 marks

Useful links:

Guidelines for the assignment:


Unformatted Attachment Preview

College of Administrative and Financial Sciences Assignment-3 Deadline: 19/11/2020 @ 23:59 Course Name: Macroeconomics Student’s Name: Course Code: ECON201 Student’s ID Number: Semester: I CRN: Academic Year: 1441/1442 H For Instructor’s Use only Instructor’s Name: Students’ Grade: / 5 Level of Marks: High/Middle/Low Instructions – PLEASE READ THEM CAREFULLY • The Assignment must be submitted on Blackboard (WORD format only) via allocated folder. • Assignments submitted through email will not be accepted. • Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page. • Students must mention question number clearly in their answer. • Late submission will NOT be accepted. • Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions. • All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism). • Submissions without this cover page will NOT be accepted. Assignment 3-Case Study-Chapters: 15, 16, 17 & 18: - [5 Marks] Caselet On Unemployment Many Theories are given by different expert to explain the reasons behind unemployment. One reason of unemployment may be downswings (periods of recession) in the business cycle. Another reason behind wide-scale unemployment refers to structural unemployment. Structural unemployment arises from longer-term changes in the economy, affecting specific industries, regions and occupations. Structural unemployment often explains regional unemployment. Some industries in India have lost their business and so employment to the cheaper imports coming from abroad. Some experts explain that new technology is a cause of unemployment which is also known as technological unemployment. The argument is that the introduction of new technology is destroying jobs and business while at the same time imports from low-wage developing countries are undercutting goods produced in this country. However, many studies may contradict this also. New technologies generally help in producing new products, or services and therefore new areas of employment. Sometimes lesser workers may be required in some areas of production where specific tasks are taken over by machines, but rising productivity boosts overall income and then the demand for new jobs in the economy as a whole. Q1: What are the main causes of Unemployment? Do you agree that technological up-gradation in any industry may cause unemployment in that industry? Provide your opinion with one example. (2.5 Marks) Q2: Structural unemployment in many countries has touched its highest peak during corona pandemic, but it seems that most of the industries in KSA are not that affected. Discuss the role of the Saudi Government in reducing the impact of Corona pandemic on employment in Saudi Arabia. (2.5 Marks) Answer:
Purchase answer to see full attachment
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

I am glad to submit my final answer. Hope this is the assignment I was suppose to do, you gave out two different tasks without specifying. Let me know if there are corrections or reviews to be done. Thank you.

Question 1
i)

Higher rising costs. In this, the employers find it hard to pay the optimal usual salary
to their employees and in many considerable cases they are offered minimum wages.

ii)

Increasing population. This is because as the number of people keep increasing
difficulties arise in the form of job searching for everyon...

Similar Content

Related Tags