Environmental News Analysis And Global Business Report

Globalenvironmental News Analysis Gena Reportthe Global Business Env

Globalenvironmental News Analysis Gena Reportthe Global Business Env

Global Environmental News Analysis (GENA) Report The global business environment is changing rapidly. The objective of the GENA is to encourage you to be informed of changes in the global business environment. Your task is to report such news and its implications for theory and practice. By executing this assignment, you will learn to apply theoretical readings to current global news, and understand the implications of current business practices. This is business writing using professional terms and wording.

Avoid using slang and common colloquialisms. The following format must be used 50 “points†total: (a) News item, source, date (b) Concise, brief summary (10 pts.) (c) Implications for practice (beneficiaries/losers) (10 pts.) (d) Implications for theory (link theories/concepts from text to news item) (10 pts.) (e) Future direction/your personal prediction based on reading (10 pts.) (f) Presentation 3-5 minutes (10 pts) Using this article relating to global news, summarize the article, identify and explain implications for practice and theory ( including citing the related concepts from your textbook ), and provide your opinion of the future direction the story might take. Prepare your report according to the instructions below: Requirements (Here’s what your paper should look like) : Length 2-3 (maximum) well-written Single line spacing Font – Times New Roman size 12pt USE THESE Headings: Summary , Implications for Practice , Implications for Theory , Future Direction .

Note: Failure to follow instructions, e.g. wrong headings, spacing, not stapled etc. will cost points. The Writing Center is an excellent resource on campus for writing assistance. It is located in Carlson Library - . I strongly recommend utilizing the Center.

Paper For Above instruction

Summary

Recent reports from the United Nations Environment Programme (UNEP, 2024) highlight the accelerating impact of climate change on global business operations. The report details how climate-related disruptions, such as extreme weather events, rising sea levels, and resource scarcity, are increasingly influencing supply chains, production costs, and market demands worldwide. For instance, manufacturing hubs in vulnerable regions are experiencing shutdowns due to natural disasters, which in turn affect global supply chains and product availability. The source of this report is UNEP, published in March 2024.

Implications for Practice

The immediate beneficiaries of this news are environmentally conscious corporations and governments adopting sustainable practices, as they are better prepared to adapt to climate risks. Conversely, businesses heavily reliant on vulnerable regions or resource-intensive industries face significant challenges, including increased operational costs and supply chain disruptions. For example, industries like agriculture and manufacturing that depend on consistent climatic conditions will need to innovate through diversification and technological adaptation to survive these disruptions. Policymakers may also be prompted to develop strategic frameworks to enhance resilience, thus benefiting stakeholders who prioritize sustainability. These changes could shift market dynamics, favoring companies with sustainable and adaptable supply chain practices (Rehman et al., 2022).

Implications for Theory

This news can be conceptually linked to the Resource-Based View (RBV) theory, which emphasizes the importance of unique resources and capabilities in gaining competitive advantage (Barney, 1991). In the context of climate change, firms with environmental resilience—such as robust supply chains, sustainable resource management, and innovative practices—hold a strategic advantage. Additionally, the Institutional Theory suggests that firms and governments must adapt to changing regulatory environments emphasizing sustainability (DiMaggio & Powell, 1983). The emphasis on corporate social responsibility (CSR) aligns with the stakeholder theory, which advocates balancing economic, social, and environmental interests—a necessity underscored by the current climate crisis (Freeman, 1984).

Future Direction

Given the current trajectory, it is likely that climate change will continue to be a central factor influencing global business strategies. Businesses will increasingly invest in sustainable technologies like renewable energy, resource-efficient manufacturing, and circular economy models to mitigate risks and capitalize on emerging market opportunities. Governments worldwide are expected to escalate policies on carbon regulation and climate resilience, fostering a transition toward more sustainable economic models. Personally, I predict a significant shift towards climate-smart supply chains, with transparent reporting and integrated sustainability practices becoming standard. Companies that proactively embrace environmental resilience now will likely outperform their competitors in the future economy, which will be increasingly shaped by climate considerations. This transition, while challenging, presents opportunities for innovation, economic growth, and environmental preservation (Kolk et al., 2020).

References

  • Barney, J. B. (1991). Firm resources and sustainable competitive advantage. Journal of Management, 17(1), 99-120.
  • DiMaggio, P. J., & Powell, W. W. (1983). The iron cage revisited: Institutional isomorphism and collective rationality in organizational fields. American Sociological Review, 48(2), 147-160.
  • Freeman, R. E. (1984). Strategic management: A stakeholder approach. Boston: Pitman.
  • Kolk, A., Rivera-Santos, M., & Rufin, C. (2020). Reviewing a Decade of Research on the Business and Human Rights Field: Moving the Agenda Forward. Business & Society, 59(1), 170-197.
  • Rehman, S., Ahmed, F., & Mahmood, S. (2022). Sustainability and supply chain resilience in emerging markets. Journal of Business Ethics, 171, 1-12.
  • United Nations Environment Programme (UNEP). (2024). Climate Change and Business Resilience: 2024 Global Report.

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