Explain how industry standards and country/government laws and regulations affect business decisions in terms of sustainability at a global and local level.

The business scenario described below must be set in the country of Bangladesh. This essay must be written based on rice and the rice industry. This is key.

To present a sustainable business scenario set in year 2055. The sustainable business scenario will be based on research into the geo-political, socio- economic, legal and environmental factors affecting a nation; an industry; and your chosen business and provide a response and adapt to the major challenges you will have identified in terms of environmental risks and socio-political issues that pose a direct risk to the company and its community. You should aim to research and demonstrate:

How industry standards and country/government laws and regulations affect business decisions in terms of sustainability at a global and local level.

How environmental factors such as: fresh water shortage, waste, land-use, climate change, pollution and bio-diversity loss will impact a selected business/ industry the most alongside economic and/or demographic factors.

How business leaders and global corporations can use emerging and future trends to inform future visions and plans (see reports from the EU, UN and various organisations such as Unilever, Volkswagen or Shell’s plans for 2050).

How scenario planning can help formulate a strategy for sustainable innovation that will provide value creation and competitive advantage.

You will demonstrate that you can apply the appropriate knowledge (concepts, methods and tools introduced and explored in the lectures and seminars) through research and analytical evaluation. You are expected to use relevant and credible sources based both on key readings on the module as well as from your individual research.

A summary: a brief (one paragraph) overview of what the report contains including conclusion and

recommendations. (write this at the end)

Contents page: including the headings for the sections

Introduction: introduce the aims and objectives of the report and then provide the context with the necessary background information in a concise manner.

Main section: Introduce the scenario set in 2055 that describes a sustainable business that operates within a resource-constrained economy yet that offers a solution that is plausible and ‘innovative’ to the difficult environmental and social challenges. What has happened? What has changed? How have environmental limitations impacted your industry, society and global markets? How will governments respond? How can the industry respond? How do the specifics of your home country interact with the limitations and impacts? Why did you prioritise the impacts as you have? Why did you approach the business development strategy as you did? What are the opportunities? Why might the business model need to change? Why do you consider your chosen approach to be the best one for your business?

Stick to what is relevant and be concise, write in a clear, brief and direct style

Make sure you make logical sections with clear headings

Any extra background information should go in the appendices.

Include figures/diagrams/charts if need be (don’t put these in the appendix)

Conclusion: in summary, you should include your own critical reflections on the task, highlighting your own point of view and how the elaboration of this report has helped you gain a better insight into Sustainability in Global Business.

Bibliography: All sources need to be cited including Internet. References should be traceable – anyone reading your report should be able to follow up your references so they must be able to find them from what you’ve written. Use the Harvard system: AUTHOR LAST NAME, first name (DATE), Full Title, where published, name of publisher.


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