Innovating Auto Industry: Strategy & Entrepreneurship | Managerial Economics

Background:

For this assessment, you are required to evaluate an industry of your choice by applying relevant managerial economics theories and perspectives to address potential challenges faced by the industry.

General Structure:

1. Choose an industry of your choice and conduct a business trend analysis that examines the growth or decline of the industry, economic factors that propelled the exponential growth of the industry and the future outlook for the industry.

2. Analyse the real-world business challenges faced by the business organizations based on the business trend analysis attributed to changes in economic conditions.

3. Propose potential entrepreneurial and visionary business solutions. Use managerial economic theories to support your arguments.

4. Evaluate either game theory, managerial theory of the firm, or bounded rationality theory as the theoretical framework to create practical business solutions for addressing real-world business challenges.

5. Analyse the supply and demand factors impacting the practical business solutions in the short run and long run from a managerial economics perspective.

Guidelines for Individual Written Assignment Preparation

1. Prepare an essay (report format) of around 4,000 words within an acceptable variation of fewer than 1000 words above such a requirement.

2. A minimum of 60 journals article references is required for this assignment. Please ensure that citations for sources and bibliography are properly given in the test of your essay. You must use the Harvard referencing / citation style. The overall grading will take this into consideration.

Submission Requirements for Individual Written Assignment Preparation

1. Your assignment will be anonymously marked so you must not identify yourself other than by using your student number anywhere on, or within, the assignment.

2. Coursework must be submitted using point, font style (Times New Roman), font sizes (12), and at least one-and-a-half (1.5) line spaced.

3. You are advice to include page number of your work for each discussion question. Pages must be numbered consecutively throughout the text

4. Faculty penalties for Dishonorable Academic Practice and Plagiarism, including Generative-AI similarity, apply.

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