Names And Directions Based On The Given Theory: Practice Que ✓ Solved

Namesdirectionsbased On The Given Theory1give A Practice Scenari

Namesdirectionsbased On The Given Theory1give A Practice Scenari

Namesdirectionsbased On The Given Theory1give A Practice Scenari

Name(s): Directions: Based on the given theory, 1) give a practice scenario that fits the theory (what behavior, phenomenon, or action does the theory explain; 2 ) provide an appropriate practice model (what actual intervention (model) will I use based on the defined problem and theory?); 3 provide an appropriate perspective (based on the actual intervention (model) I choose, is there an actual perspective or point of view that will aid me in practice?) 4 ) Provide an actual intervention or tool that will aid you (based on the actual practical example you give, tell me what you’d actually do in practice). Theory Scenario Appropriate Model of Practice Appropriate Perspective Practice Interventions Due Date: 11:59 pm, Sunday of Unit 5 Points: 100 Overview: Creativity and innovation are two of the key elements needed to successfully start a new business. For this assignment, you will perform a PEST Analysis on a new business that you plan to create and use this analysis to describe how you intend to grow your business in the global environment. Instructions: • Describe your new business. Do you provide a service or a product? • Develop a PEST Analysis using the template provided in the assignment description. • Describe how you will grow your business in the global environment. Did the PEST Analysis help you to make decisions about this plan? Why or why not? • Explain how the PEST Analysis effects your views of creating a new business. Requirements: • For parts 1, 2, and 3, develop one Word document and clearly label each section. • Use APA formatting (no abstract required). • Focus on quality of writing and content, as opposed to length. • For part 2, use the PEST Analysis template. Your PEST Analysis needs to be placed in the appendix of the combined paper. • Review and follow the grading rubric. Be sure to read the criteria by which your work will be evaluated before you write and again after you write. BUS411 – Business Policy Seminar Unit 5 Assignment: Strategy in the Global Environment Evaluation Rubric for Strategy in the Global Environment Assignment CRITERIA Deficient Proficient Exemplary 0-7 points 8-12 points 13-15 points Introduction and Thesis Statement Unclear or incomplete. Introduction with a partially developed thesis. Clear, well- developed, introduction and thesis. 0-20 points 21-26 points 27-30 points Supporting Evidence/Analysis Lacks specific, credible, and relevant support. Development of position / argument is inadequate or missing. Adequately supported with a limited spectrum of specific, credible, and relevant evidence. Development of position/argument is thoughtful and persuasive but lacks some detail. Well-supported with a broad spectrum of specific, credible, and relevant evidence. Position / argument is well- developed, very thoughtful, and persuasive. 0-6 points 7-8 points 9-10 points Clarity and Organization Lacks organization, logic and clarity. Transitions seldom or never used to connect ideas. Generally organized, logical and clearly articulated. Transitions often smoothly connect ideas. Fully organized, logical and clearly articulated. Transitions smoothly connect ideas. 0-14 points 15-17 points 18-20 points Professional Communication Does not demonstrate proficiency in spelling, grammar, punctuation, capitalization, and sentence structure. Some spelling, grammar, punctuation, capitalization, and/or sentence structure errors. Polished and demonstrates a high level of proficiency in spelling, grammar, punctuation, capitalization, and sentence structure. 0-7 points 8-12 points 13-15 points Conclusion No conclusion included. Some attempt at a conclusion, but it is not well written. Well written and fully developed conclusion. 0-6 points 7-8 points 9-10 points APA Paper has no APA formatting, or paper has an APA cover, but no references or in text citations. Less than the required number of credible references provided. Paper lacks one element of APA (cover, references or in text citations), but has at least one credible reference. Paper has all elements of APA formatting (cover, references and in text citations) with the required number of credible references.

Sample Paper For Above instruction

Introduction

Launching a new business requires thorough strategic planning and understanding of external environmental factors. The PEST analysis framework offers valuable insights into Political, Economic, Social, and Technological influences that can impact business success. This paper presents a detailed case of a new eco-friendly packaging business, analyzes the PEST factors affecting it, and discusses strategies for growth in the global marketplace. The integration of PEST insights helps shape informed decisions, enhances adaptability, and highlights the importance of environmental scanning in international entrepreneurship.

Business Description

The business I propose is a provider of sustainable packaging solutions targeting small and medium-sized enterprises (SMEs). The company will offer biodegradable containers, wraps, and other packaging products made from recycled and renewable materials. Its primary goal is to reduce plastic waste and promote environmental consciousness among consumers and businesses. The product line will encompass various customizable options to cater to different client needs, including food, cosmetics, and e-commerce sectors.

PEST Analysis

Political Factors

Political stability in target markets significantly influences business operations. Governments worldwide are increasingly implementing strict regulations on plastic waste management, incentivizing businesses to adopt sustainable practices (Kotler & Keller, 2016). Policies favoring environmental conservation, such as bans on single-use plastics and subsidies for green businesses, create opportunities for eco-friendly packaging firms. However, changes in trade policies and tariffs can pose challenges. For example, import restrictions or tariffs on recycled materials or manufacturing equipment may increase operational costs (Cavusgil et al., 2014).

Economic Factors

The economic environment affects consumers’ purchasing power and business investments. During economic downturns, customers may prioritize cost savings over eco-friendliness, impacting sales. Conversely, rising eco-conscious consumer demand translates into increased market potential and premium pricing strategies (Porter, 1980). Currency fluctuations also influence material costs and export profitability. For instance, a strong local currency can make imported recycled materials more affordable, impacting supply chain decisions (Hitt et al., 2017).

Social Factors

Social trends favor sustainability and environmental responsibility. As awareness of climate change grows, consumers increasingly prefer products and services aligned with green principles (Freeman et al., 2010). Corporate social responsibility (CSR) initiatives enhance brand image and customer loyalty. Cultural values regarding environmental stewardship shape preferences and acceptance levels, especially in diverse markets. For example, markets with strong environmental advocacy may demand higher standards and certifications for eco-friendly products.

Technological Factors

Advances in materials science and manufacturing technology enable the production of innovative biodegradable packaging. Developments in composting and recycling technologies improve the sustainability features of products (Ríos et al., 2019). Digital platforms facilitate marketing, direct sales, and customer engagement, expanding global reach. However, technological disparities among countries may necessitate adaptation strategies to local infrastructure and capabilities (Cavusgil et al., 2014).

Growth Strategies in the Global Environment

The PEST analysis revealed significant opportunities and threats across various dimensions, guiding strategic growth decisions. To expand globally, the business plans to focus on markets with strong environmental regulations and active consumer advocacy for sustainability, such as the European Union and North America. Participating in international environmental certifications can boost credibility and facilitate entry into multiple markets (Yüksel, 2012). The company will leverage digital marketing and partnerships with local distributors to adapt to regional preferences and infrastructure capabilities. Understanding local political environments ensures compliance and smooth operations, while currency management strategies mitigate financial risks.

Example, in the EU, stringent plastic regulations present a compelling opportunity for eco-friendly packaging, whereas in emerging markets, infrastructural limitations necessitate technological adaptation (Kotler & Keller, 2016). The PEST analysis directly influenced the decision to invest in research and development for innovative materials suitable for different climatic and logistical conditions, supporting scalability and resilience.

Impact of PEST Analysis on Business Perspectives

Conducting the PEST analysis heightened awareness of external factors influencing business sustainability and profitability. It emphasized the need for adaptive strategies, regulatory compliance, and cultural sensitivity. This proactive approach increases resilience against political shifts and economic fluctuations, fostering long-term growth. The analysis also reinforced the importance of technological innovation and consumer engagement in building a competitive advantage, especially in the environmentally conscious market segment.

Conclusion

In conclusion, integrating PEST analysis into strategic planning provides critical insights for navigating the complexities of the global environment. For the eco-friendly packaging business, understanding external influences enables targeted growth strategies, risk mitigation, and sustainable development. This comprehensive environmental scanning is vital for aligning business objectives with global trends and regulatory landscapes, ensuring adaptability and long-term success.

References

• Cavusgil, S. T., Knight, G., Riesenberger, J. R., Rammal, H. G., & Rose, E. L. (2014). International Business. Pearson Australia.
• Freeman, R. E., Harrison, J. S., Wicks, A. C., Parmar, B., & De Colle, S. (2010). Stakeholder Theory: The State of the Art. Cambridge University Press.
• Hitt, M. A., Ireland, R. D., & Hoskisson, R. E. (2017). Strategic Management: Competitiveness and Globalization. Cengage Learning.
• Kotler, P., & Keller, K. L. (2016). Marketing Management (15th ed.). Pearson Education.
• Porter, M. E. (1980). Competitive Strategy: Techniques for Analyzing Industries and Competitors. The Free Press.
• Ríos, P., Sekiguchi, T., & Ling, Y. (2019). Innovations in Sustainable Packaging. Journal of Sustainable Development, 12(4), 45-58.
• Yüksel, I. (2012). Making decisions under environmental uncertainty: Using PEST analysis. Business Strategy Review, 24(1), 36–41.