Management in the Sustainable Economy
Book: “The 99 Percent Economy How Democratic Socialism Can Overcome the Crises of Capitalism by Paul S. Adler”
Read a contemporary book on the new economy and analyze the threats and opportunities for businesses based on your reading.
This involves:
1) Articulating and understanding the principles of the new economy outlined in the book.
2) Reflecting on what you see as the strengths and weaknesses of this solution to current challenges facing society.
3) Analyzing what you see are the threats and opportunities for current and emerging businesses based on ideas outlined in the book.
Articulating and understanding the key principles and arguments made in the book in regards to the current economic system, and the solutions/alternatives they propose.
For example, since you are reading Paul Adler’s book, this would involve outlining the identified problems with capitalism (in its current form) and then articulating the principles of democratic socialism, his alternative. This section of the assignment should be seen as an in-depth summary of the core arguments made in the book. It should demonstrate your understanding of the book.
The remainder of the assignment involves your reflection and analysis of the book. The first component of this involves you reflecting on what you see as the strengths and weaknesses of the author’s proposed solution to current challenges facing society (NOTE: this is about strengths and weaknesses in address issues facing society as a whole not just business). Here you are expected to draw on context content and the challenges and changes we have discussed to assess the books core propositions.
In the final section of the assignment, you are to use an analytical lens to identify threats and opportunities for current and emerging businesses based on the ideas in the book (i.e., degrowth, democratic socialism, social business..). In this section, you can begin to imagine how a business might look like or respond to a “new” economy. You do not need to detail the organizations complete response or overhaul, but you do need to articulate threats from the new economy they need to consider and opportunities businesses should/could be engaging.
Context of content:
What’s changing the economy and the nature of business and work?
The purpose of business and the corporation
Explore the purpose of the corporation; what does acting ‘in the best interest of corporation’ mean?
Understanding stakeholders and shareholders
Potential reading: “Is the public corporation obsolete in the US?”
Gerald F. Davis. Global Focus. https://www.globalfocusmagazine.com/public-
corporation-obsolete-us/
Climate crisis, economic inequality and capitalism
Potential reading on topic: Wright, C., & Nyberg, D. (2015). Climate Change, Capitalism, and Corporations: Processes of Creative Self-Destruction. Cambridge: Cambridge University Press. Chapter 1.
Changing nature of work(labour)
Potential reading on topic: Capital markets and job creation in the 21st century.” Gerald F. Davis. Brookings Institution. https://www.brookings.edu/research/capital-
markets-and-job-creation-in-the-21st-century/
Supply chains and distribution
Potential reading on topic: Kim & Davis. “80% of companies don’t know if
their products contain conflict minerals.” Harvard Business Review.
https://hbr.org/2017/01/80-of-companies-dont-know-if-their-products-contain-conflict-minerals
Government relations and regulations
Potential reading on topic: Bremmer, I. The Technopolar Moment: How Digital Powers Will Reshape the Global Order. Foreign Affairs
Criteria
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Comprehensive and detailed elaboration of authors core arguments that demonstrate a deep understanding of the book
Analysis shows evidence of deep engagement with ideas in the book, and a critical lens to detail both strengths and weaknesses of authors proposed solutions to address core crises and issues facing society.
Assessment of opportunities and threats shows critical thought and creativity in the identification of threats and opportunities for current businesses.
Report includes and draws on context content to reflect and analyze strengths, weaknesses, opportunity and threats of “new” economy for business.
Document is well written and structured. Free of grammatical errors with clear headings and formatting.
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