|Programme Title||BA (Hons) Business Enterprise|
|Module Title||Innovation, Creativity and Entrepreneurship|
|Assignment Title||Coursework 2 – Contemporary challenges in the global business environment and the impact on the SME sector|
|W/C Hand Out Date||29/08/2020|
|Due Date||By 17:00 (UK time) 29/10/20|
|Feedback Post Date||26/11/2020|
|Assignment Format||Individual Report|
|Assignment Word Count||3000 words maximum|
|Module Learning Outcomes covered in this assignment||i. To evaluate the contemporary challenges evident within the global business environment and the impact on the SME sector. ii. To critically assess the concepts of entrepreneurship, innovation and creativity and their role in the development and growth of SMEs|
|ATS Code||Not applicable|
An individual report requiring each student to assess the global challenges facing the Small to Medium Enterprise (SME) sector. 3000 words maximum.
With reference to recognised credible sources and using relevant economic data, such as GDP, unemployment levels, inflation and interest rates etc:
Evaluate the contemporary economic challenges evident within the global business environment and the impact these may have on the SME sector in Hong Kong. Provide some specific company examples and suggest how they have been affected by the global business economy. (Learning outcomes i and ii).
In addition to the Generic Grading Criteria for HE work at Level 6, credit will be given for:
- Evidence of high levels of business knowledge and applied abilities to service sector.
- Critical analysis of issues in terms of breadth and depth.
Submission of Coursework:
It is strongly recommended that you submit a draft version of your assignment to obtain helpful guidance from the lecturing team prior to submitting the final assignment. You should submit the draft assignment for comment to the Draft Assignment submission point in the relevant module area in Canvas either on or before the date specified. The lecturer then has 15 working days (i.e. three weeks) to evaluate the draft and provide feedback on your performance allowing you time to make any necessary amendments before submitting the final version.
Please do not submit drafts to individual lecturers as they will not be accepted. Only drafts submitted to the ‘Draft Assignment (ICE, CW) – to be marked by the lecturers’ submission point in Canvas will be seen by the lecturing team.
Draft assignment submission date: 24th September 2020
Electronic submission via Canvas is required for this assignment. To submit your assignment online, access the relevant module site in Canvas and navigate to the ‘Final Assignment (ICE, CW): Submit Here’ submission point at the end of the module items.
Final assignment submission date: 29th October 2020
Full submission details can be found in the Canvas Guides by clicking on the help button on the left menu on the Canvas home page, selecting Dice Canvas Guides then selecting Students.
Cut-off date for late work:
Work submitted after the submission due date risks being capped at 40% unless Extenuating Circumstances are submitted and accepted. The final cut-off date for this assignment is 10 working days from the original deadline. Please follow the guidance on Extenuating Circumstances in the link on the following page.
A suggested structure and advice content
Provide the reader with what will feature in the report and what it will be about, e.g. it will be examining some of the economic challenges within the global business environment and the impact these may have on SME’s in Hong Kong, during the last two years. You can mention which economic challenges you will examine and which SME’s you will refer to as examples.
This part should examine and details some of the economic crisis and potential crisis in the Global Economy which could affect SME’s in HK.
Define what is an economic crisis? What data would indicate and economic crisis/downturn or recession? You should refer to data such as inflation and unemployment level, bank interest rate, Gross Domestic Product of a country, the strength of the currency, trade surplus or deficit? A lot of this data is available from the International Monetary Fund(IMF) the World Bank reports, and OECD annual reports and of course official Government economic data.
You will need to do some reading and research using reputable publications such as newspapers, journals and particularly International newspaper such as the Financial Times, Times Magazine, The Economist, as well as academic journals. If you use websites, you need to refer to the authors of the information and provide full references in your reference page.
You could discuss the concept of Globalisation and how is has facilitated economic prosperity through tariff free movement of goods and services around the world as well as people and capital. You should also consider the downsides to this, such as the recent policy decisions in the US for example and Brexit which is a symptom of an anti-globalisation movement.
You could also mention the many conflicts and wars in the world and how they affect the global economy, famines and natural disasters, extreme weather, mass migration and how that affects economies of host nations. This week thousands of people from Venezuela are leaving their country as their economy has collapsed, and their currency is worthless due to inflation of nearly one million per cent. The people are migration to neighbouring countries in the hope of better life.
In this section, you can focus on one or more SME’s in Hong Kong and examine how they have been affected by the global economy. You can identify upside and/or downsides. Depending on what kind of business it is, some businesses can grow in times of uncertainty or economic recessions as their low-cost goods and services become popular.
You should provide a summary of the important parts of your report to remind the reader of what was featured. No new information should appear in the conclusions.
It is vitally important that you fully reference this report. It should be clear to the reader where you obtained the information and data that you used. As the data appears, you should provide the authors name and the year of publication. This will then give your report academic credibility. The reader can then check the references you have used to see if they are credible, reliable sources. It’s also important to use recent reference too, particularly when you are discussing economic data