Homework: Fortune 500 Companies
In this homework, you will broaden the scope at how the firm functions in different parts of the world and what it can do to maximize its effectiveness as a global organization. A strategic audit will be performed and forecasts will be made for the next 2 years.
For this homework, use the same Fortune 500 Company that you have already researched. The focus here is on both domestic (American) and global operations. The homework incorporates how the firm functions in different parts of the world and what it can do to maximize its effectiveness as a global organization.
Course Outcomes practiced and assessed in this homework:
Integrate concepts of regional, national, and global economic behavior with macroeconomic theory.
Assess the value of multiculturalism and diversity in a global environment.
Directions
Begin by reviewing the following websites as resources for your homework:
• Organisation for Economic Co-operation and Development (OECD). (2017). Economic indicators.
• U.S. Department of Commerce. (n.d.). Key economic indicators.
• U.S. Bureau of Labor Statistics. (n.d.). Major economic indicators.
• Select 6-10 macroeconomic indicators that are of particular relevance to your firm and explain how they affect the performance of the company.
• Outline strategies on how the firm should respond to the changes in the economic indicators with the goal of maximizing revenues in the years ahead.
• How have they done in the past? What is their current state?
• What kinds of plans and possibilities do they have for the future? Is there room for improving what they do?
• Should new ventures be added or old ones subtracted?
• Then, discuss the firm's global operations, and their influences on the regional and national levels. You also need to assess the value of multiculturalism and diversity in operating (managing) a company in a global environment.
• As you can see, the field is wide open for you to construct your paper in the most relevant way you see fit.
Format your homework according to the give formatting requirements:
• The answer must be using Times New Roman font (size 12), double spaced, typed, with one-inch margins on all sides.
• The response also includes a cover page containing the student's name, the title of the homework, the course title, and the date. The cover page is not included in the required page length.
• Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.