Socio-Economic and Legal Environment Reflective Report – Economics Assignment Help

Assignment Task

Task 

Module Description

This module has been designed to provide the learners with the adequate understanding of the economic, social, political and legal context which affects the environments in which businesses and organisations operate. An analysis and understanding of critical factors such as globalisation, growth in the economy and legal regulations which affect the ability of businesses to operate is deemed highly important for management professionals.

Learning Outcomes

LO1. Critically analyse the knowledge economy and the various drivers of economic changes which impact business activities.

LO2. Understand the legal framework and its implications in the wider context of businessManagement.

LO3. Analyse case scenarios and case studies on the various economic drivers and legal frameworks practised in business management.

LO4. Critically evaluate the political factors which influence company management and dynamics.

Assignment Task

Socio-Economic and Legal Environment 
This assignment consists of two tasks. For Task 1, learners are asked to respond to questions in task 1. For task 2, learners are requested to create a reflective report based on the questions stated. 

Task 1 
The sharing economy has been widely hailed as a major growth sector, by sources ranging from Fortune magazine to President Obama. It has disrupted mature industries, such as hotels and automotives, by providing consumers with convenient and cost-efficient access to resources without the financial, emotional, or social burdens of ownership. But the sharing economy isn’t really a “sharing” economy at all; it’s an access economy.
Sharing is a form of social exchange that takes place among people known to each other, without any profit. Sharing is an established practice, and dominates particular aspects of our life, such as within the family. By sharing and collectively consuming the household space of the home, family members establish a communal identity. When “sharing” is market-mediated — when a company is an intermediary between consumers who don’t know each other — it is no longer sharing at all. Rather, consumers are paying to access someone else’s goods or services for a particular period of time. It is an economic exchange, and consumers are after utilitarian, rather than social, value.

This task requires you to address economic issues by choosing a “Sharing Economy” organization from the list of 101 ‘sharing economy companies’ 

You MUST follow the Project Report format, which should contain the following sections:
a.Economic indicators: Identify the macro and microeconomic indicators impacted by the operations of your selected organization in the country of origin. 
b.External analysis: Conduct a PESTLE analysis and critically analyze its impact on your selected organization. 
c.Economic drivers: Recommend strategies for an entrepreneur by identifying three major Socio-Economic and Technological drivers that contribute to the success of the organization. 
d.Political influence: How does the political environment of the home country influence the business model of your selected organization? [10 Marks]
e.Legal impact: Explain the role of regulatory and anti-trust laws and evaluate their impact on your chosen organization. 
f.References: You should use the Harvard Referencing System (HRS) correctly throughout your report. 

Task 2 
This is a reflective report; a Reflective Report is a piece of writing that summarises a student’s critical reflection on a subject. Report guidelines are as follows:

a.Curiosity: What made you curious in this module? How does learning feel different when you’re curious? 
b.Description: What’s the most important concept you learned in this module? Why do you think so? 
c.Self Realization: Which topic brought out the best in you and why do you think that is?
d.Extension: What do you want to learn more about, and why?