ECON616-1304B-04 Class Applied Managerial Economics ECON616-1304B-04 Phase 1 DQ and IP Week 1 Applied Managerial Economics Phase 1;Phase 1 - Task 1;Task Type;Discussion Board;Deliverable Length;See below;Primary Discussion Response is due by Wednesday;Introduction;Problem-based learning (PBL) is broken down into 3 phases: understanding the problem, exploring the available information, and resolving the problem. Each phase includes a series of steps, as follows;Understand the problem.;Meet the problem: Orient yourself to the problem.;Determine what is known and what needs to be known or discovered.;Define the problem statement: What exactly is the problem?;Explore the available information.;Collect information from a variety of sources.;Share and document information from discovery.;Generate possible solutions for comparison and consideration.;Resolve the problem.;Determine the solution that best fits.;Present and justify the solution.;Debrief the problem with a conclusion and the lessons that you learned.;Part 1- Introduction: Within the Discussion Board area, write 400 words that respond to the following with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.;Based on the description of PBL above, answer the following questions;What are your overall thoughts on PBL?;What ideas and plans do you have about approaching each of the 3 main phases and related tasks?;What are the pros and cons of PBL?;Part 2: Primary Task: Within the Discussion Board area, write 600?800 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.;Additional Information: Lester Scholl, Chairman of the Board at AutoEdge, told you during your interview for this job that the company has been floundering since product quality issues caused millions of automobiles to be recalled. He's phoned this morning to explain what he wants you to focus on initially.;So have you settled in to your office?" he asks.;I have," you say. "I think I have everything I need. What can you tell me about my first assignment?;I'm glad you're eager to get started with work," he says. "The board is considering several proposals in response to our situation, and we need you to create a list of the legal, cultural, financial, and economic factors that AutoEdge needs to consider about the location of our manufacturing operations. Most members of the board aren't familiar with this aspect of the business, so we want you to briefly describe the factors you list, rank the factors, and explain your reasoning. Be specific when you explain so the board understands your rationale.;Do I need to conduct the research, as well?" you ask.;We just need you to list and describe the factors at this time," he explains. "You don't need to actually do the research.;I can do that," you say. "When do you need it?;Send it to me by the end of this week so I can review it before the rest of the board gets copied," he says.;No problem," you say. "Can you give me an idea about how detailed you want me to be?;I don't want it more than 800 words," he says. "Between 600 and 800 words, I'd say.;OK, I understand" you say. "Thanks for your call.;Please respond to the discussion board.;Phase 1 - Task 2;Task Type;Individual Project;Deliverable Length;1,200?2,000 words, including research in essay format;Lester Scholl's administrative assistant calls you on Monday afternoon to set up a conference call between you and the chairman tomorrow morning to discuss the board's reaction to your list and to discuss your next task. You call the number she gave you, and Lester joins the call shortly after.;I'm pleased with your work," he says. The board was impressed with your list of factors. Your ranking made sense because your explanations were well-written. I suspect they read everything you sent because it was concise and clear. Good job.;Thanks," you say, and you feel relieved that your first assignment was well-received.;Your list provided the basis for a good conversation about the manufacturing operations," he says. "We want to know more about the economy of both countries to further inform our decision-making process.;That makes sense," you say. "The United States and South Korea hold many distinct economic factors that may affect AutoEdge?s long-term financial performance.;Right," he says. "Your research on the two economies will give the board enough information so we can advise the new, incoming CEO.;What should my research include?" you ask.;In your research, you must take into consideration several macroeconomic factors," he says. "We want to see information about the gross domestic product (GDP), unemployment, interest rates, and inflation for both the United States and South Korea. Make sure your research is current, that is, no more than 6 months old.;I'll get started right away," you say.;Very good," he says. "Let me know if you have any questions, and I'll put you in touch with some of the other members of the board if I can't provide the answers you need.;Great," you say. "Thank you.;Please submit your assignment.
Paper#24747 | Written in 18-Jul-2015Price : $37