challenges in the business envirnemt pt1

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ASSIGNMENT 2: CHALLENGES IN THE BUSINESS ENVIRONMENT, PT 1




WeeDue Week 9 and worth 330 points


As you have explored in this course, ongoing challenges in the global business environment are mostly attributed to unethical business practices, failure to embrace technology advancements, and stiff competition among businesses. Imagine that you have been appointed as the Chief Compliance Officer of a Fortune 500 company of your choice and must prepare a presentation for your suppliers regarding your Supplier Code of Conduct to deliver via a web meeting.

This assignment has two parts. For the first part, you are to create a five to seven (5–7) minute dynamic video on your company’s Code of Conduct. You may use any type of recording device you have to create this video—smartphone, laptop, webcam, or other type of video recorder. The specific points to cover for this video are listed below.

As an alternative to the video, you may submit a four to six (4–6) page paper that details what you would say in such a presentation following the same prompts as the video assignment below.

For the second part of the assignment, you will create a presentation using PowerPoint (or other equivalent software) summarizing the important changes and explanations regarding the code of conduct that you communicated in your video/paper presentation to email to the suppliers after the meeting for future reference. The specific points to cover are listed below.

You must submit both parts of the assignment to receive full credit.

Note: If you are using a tablet or smartphone you will need to email the video file to yourself, then save it to a computer in order to upload to Blackboard. You may want to upload your video to a file sharing service, such as Dropbox, if your email will not let you send a large video file. Dropbox is accessible from all smartphones and tablets from the Dropbox app.

Once you are ready to upload your video to Blackboard, view the Kaltura video tutorial found in your online course shell (Week 9). Please use the following naming convention in the popup window for your video once it is finished uploading:

Title: Your First Name, Your Last Name – Challenges in the Business Environment
Tags: BUS475, Business Environment
Description: First Name, Last Name – BUS475 Assignment 2 (Date Uploaded ex. 1-14-2018)

Part 1: Video Presentation OR Paper
Prepare and present a video that is a maximum of five to seven (5–7) minutes OR write a four to six (4–6) page paper in which you:

  1. List specific changes that your company has made to its Code of Conduct in recent years. Provide at least one (1) example of each change.
  2. Explain the identified changes to the suppliers in such a way that they will understand the standards that your company requires in order to maintain their relationship with the company.

If you choose the written paper instead of the video, your assignment must follow these formatting requirements:

  • Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
  • Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

Specific Library Resources to help you get started

The Strayer University Library is accessible at research.strayer.edu.

A general introduction to the Strayer Library is available in your course shell on the left-hand menu under Research-Library.

  • Introductory Search - Use the home page’s search box to keyword search many, but not all, databases.
  • Targeted Search - Scroll to the bottom of the page for an A to Z listing of all databases. Float over each link to see a description of the database and click to load that particular database’s custom search page. Custom search pages include both basic and advanced search options.

These databases are only partially searchable through the general search bar. You will have to search them individually to find resources for your paper.

  • Nexis Uni - This contains legal information and would be useful to search for court cases in which your company has been involved.
  • Video Explaining Nexis Uni
  • Mergent Online - This has company info on both public and private companies. Fortune 500 can be public or private. Mergent is known for financial and accounting info, but also has qualitative information too. They offer news feeds, country reports on business environments, industry-wide reporting, company reports, and Annual Reports—the middle 3 are unique to this database. Starting with looking at a company's annual report would be very useful for this assignment. Industry reports would also be useful to see if your company is involved in any industry-wide initiatives or is notable in its industry in any way (could be good or bad.)
  • Instructional Videos on each of the databases:

American City Business Journals - This is probably the most fun way to read business news by metro area. They have over 35 journals based around US cities. Look up the metro area your company is associated with, go to ACBJ, then choose the applicable city, and search for news articles.

Research Starters are like the academic version of Wikipedia. Search on a topic to get an overview with links to other information within that topic. It will help you get ideas for keywords for your own searches and what you need to know in order to successfully write your paper.

Note - This is an exception example. Research Starter articles do appear in a feature box above the results list when using the general search box on research.strayer.edu.

Don't stress over writing papers! Watch this video on writing papers and essays. Topics include how to start your research, how to organize your research, how to draft your paper, and how to revise it.

https://www.youtube.com/watch?v=KlgR1q3UQZE&t=9s

Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the rubric.k 9 and worth 330 points

As you have explored in this course, ongoing challenges in the global business environment are mostly attributed to unethical business practices, failure to embrace technology advancements, and stiff competition among businesses. Imagine that you have been appointed as the Chief Compliance Officer of a Fortune 500 company of your choice and must prepare a presentation for your suppliers regarding your Supplier Code of Conduct to deliver via a web meeting.

This assignment has two parts. For the first part, you are to create a five to seven (5–7) minute dynamic video on your company’s Code of Conduct. You may use any type of recording device you have to create this video—smartphone, laptop, webcam, or other type of video recorder. The specific points to cover for this video are listed below.

As an alternative to the video, you may submit a four to six (4–6) page paper that details what you would say in such a presentation following the same prompts as the video assignment below.

For the second part of the assignment, you will create a presentation using PowerPoint (or other equivalent software) summarizing the important changes and explanations regarding the code of conduct that you communicated in your video/paper presentation to email to the suppliers after the meeting for future reference. The specific points to cover are listed below.

You must submit both parts of the assignment to receive full credit.

Note: If you are using a tablet or smartphone you will need to email the video file to yourself, then save it to a computer in order to upload to Blackboard. You may want to upload your video to a file sharing service, such as Dropbox, if your email will not let you send a large video file. Dropbox is accessible from all smartphones and tablets from the Dropbox app.

Once you are ready to upload your video to Blackboard, view the Kaltura video tutorial found in your online course shell (Week 9). Please use the following naming convention in the popup window for your video once it is finished uploading:

Title: Your First Name, Your Last Name – Challenges in the Business Environment
Tags: BUS475, Business Environment
Description: First Name, Last Name – BUS475 Assignment 2 (Date Uploaded ex. 1-14-2018)

Part 1: Video Presentation OR Paper
Prepare and present a video that is a maximum of five to seven (5–7) minutes OR write a four to six (4–6) page paper in which you:

  1. List specific changes that your company has made to its Code of Conduct in recent years. Provide at least one (1) example of each change.
  2. Explain the identified changes to the suppliers in such a way that they will understand the standards that your company requires in order to maintain their relationship with the company.

If you choose the written paper instead of the video, your assignment must follow these formatting requirements:

  • Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
  • Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

Specific Library Resources to help you get started

The Strayer University Library is accessible at research.strayer.edu.

A general introduction to the Strayer Library is available in your course shell on the left-hand menu under Research-Library.

  • Introductory Search - Use the home page’s search box to keyword search many, but not all, databases.
  • Targeted Search - Scroll to the bottom of the page for an A to Z listing of all databases. Float over each link to see a description of the database and click to load that particular database’s custom search page. Custom search pages include both basic and advanced search options.

These databases are only partially searchable through the general search bar. You will have to search them individually to find resources for your paper.

  • Nexis Uni - This contains legal information and would be useful to search for court cases in which your company has been involved.
  • Video Explaining Nexis Uni
  • Mergent Online - This has company info on both public and private companies. Fortune 500 can be public or private. Mergent is known for financial and accounting info, but also has qualitative information too. They offer news feeds, country reports on business environments, industry-wide reporting, company reports, and Annual Reports—the middle 3 are unique to this database. Starting with looking at a company's annual report would be very useful for this assignment. Industry reports would also be useful to see if your company is involved in any industry-wide initiatives or is notable in its industry in any way (could be good or bad.)
  • Instructional Videos on each of the databases:

American City Business Journals - This is probably the most fun way to read business news by metro area. They have over 35 journals based around US cities. Look up the metro area your company is associated with, go to ACBJ, then choose the applicable city, and search for news articles.

Research Starters are like the academic version of Wikipedia. Search on a topic to get an overview with links to other information within that topic. It will help you get ideas for keywords for your own searches and what you need to know in order to successfully write your paper.

Note - This is an exception example. Research Starter articles do appear in a feature box above the results list when using the general search box on research.strayer.edu.

Don't stress over writing papers! Watch this video on writing papers and essays. Topics include how to start your research, how to organize your research, how to draft your paper, and how to revise it.

https://www.youtube.com/watch?v=KlgR1q3UQZE&t=9s

Grading for this assignment will be based on answer quality, logic / organization of the paper, and language and writing skills, using the rubric.

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

Attached.

Running head: CHALLENGES IN THE BUSINESS ENVIRONMENT

Challenges in the Business Environment
Student’s Name:
Professor’s Name:
Course Title:
Date:
Institutional Affiliation

1

CHALLENGES IN THE BUSINESS ENVIRONMENT

2

Challenges in the Business Environment
A supplier code of conduct is essential in ensuring that a company gets the best suppliers.
Tesco is a fortune 500 company which has over the years changed its supplier code so that it
creates a better relationship with suppliers and ensures that consumers get the best products.
Tesco is a retail business that deals in various goods, and the company has grown immensely
over the past years. Being a retail business, the company deals with many suppliers, hence the
need to keep changing the supplier code of conduct to suit business and consumer needs. Tesco
has a core value of trying their best for customers and treating people as they would like to be
treated. Tesco sources its supplies from all over the world, hence the need to have a uniform
code of conduct in place. The company has over 5000 suppliers and prefers choosing suppliers
from the source as it enhances quality. This also enables Tesco to give the best prices to its
consumers. Giving the best prices to consumers has seen the company drive economic growth in
its locations and the company has also been able to grow in terms of profitability. To be in line
with international standards and drive quality efforts, Tesco has over the years made some
changes to its supplier code of conduct (Tesco, 2018). These changes include having published
payment terms, observing ethical standards and collecting feedback so that there can be
improvement and quick issue resolution. The changes are meant to help both Tesco and its
suppliers, so that there is better communication and ways of working.
Supplier Feedback
Tesco has over the years changed its code of conduct to include getting supplier feedback
and using the same as a strategy improvement tool. The company has launched supplier
viewpoint, which is an anonymous survey used to gather feedback. The company gets to know
what suppliers think of them and this enables the identification of any issues and any areas in
which the company is performing well. Tesco has a huge number of suppliers, hence the need to
monitor feedback and understand supplier needs. This system has been used in various countries
where Tesco gets its supplies from. In 2007, for example an anonymous survey was done by
Tesco in South Korea and through the feedback, the company was able to identify its strong
areas as being communication processes and fair trading. Various areas of improvement were
identified, and this enabled the company to come up with different projects. Through the

CHALLENGES IN THE BUSINESS ENVIRONMENT

...


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