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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