Description
This task requires you to address economic issues by choosing a “Sharing Economy” organization from the list of 101 ‘sharing economy companies’ available here:- https://ecowarriorprincess.net/2018/10/101-sharing… collaborative-consumption/
Socio-Economic and Legal Environment
This question consists of two tasks. For Task 1, you are asked to respond to questions in task 1.
For task 2, you are requested to create a reflective report based on the questions stated.
Maximum word limit: The maximum expected word count is 3500 words excluding
references.
Task 1 – Maximum word count: 2300 words
The sharing economy has been widely hailed as a major growth sector, by sources ranging
from Fortune magazine to President Obama. It has disrupted mature industries, such as hotels
and automobiles, by providing consumers with convenient and cost-efficient access to resources
without the financial, emotional, or social burdens of ownership. But the sharing economy isn’t a
“sharing” economy at all; it’s an access economy.
Sharing is a form of social exchange that takes place among people known to each other, without
any profit. Sharing is an established practice and dominates particular aspects of our life, such as
within the family. By sharing and collectively consuming the household space of the home,
family members establish a communal identity. When “sharing” is market-mediated — when a
company is an intermediary between consumers who don’t know each other — it is no longer
sharing at all. Rather, consumers are paying to access someone else’s goods or services for a
particular period of time. It is an economic exchange, and consumers are after utilitarian, rather
than social, value. You can read the complete article here:
https://hbr.org/2015/01/the-sharing-economy-isnt-about-sharing-at-all
This task requires you to address economic issues by choosing a “Sharing Economy”
organization from the list of 101 ‘sharing economy companies’ available here:https://ecowarriorprincess.net/2018/10/101-sharing-economy-companies collaborativeconsumption/
1|Page
You MUST follow the Project Report format, which should contain the following sections:
a. Economic indicators: Identify the macro and microeconomic indicators impacted by the
operations of your selected organization in the country of origin.
INTRODUCTION OF THE ORGANIZATION
1. Explain the impact of the operations of your chosen company on at least
2. 2 macroeconomic (Monetary policy, Fiscal policy, GDP, Inflation & Deflation, etc) and
******WHY
3. 2 microeconomic indicators (Distribution of Channels & Suppliers, Level of Competition,
Availability of Investors, Media & General Public, etc.) of the home country.WHY****
4. Focus on sharing economy indicators.
b. External analysis: Conduct a PESTLE analysis and critically analyze its impact on your
selected organization.
1. Conduct a brief PESTLE analysis on the operations of your selected organization.
2. Stress on those components of PESTLE that have a higher influence on the day to day or
strategic operations of your chosen organization. WHY/WHAT/HOW
c. Economic drivers: Recommend strategies for an entrepreneur by identifying three major
Socio-Economic and Technological drivers that contribute to the success of the organization.
1. From the list of Socio-Economic and Technological drivers, analyse and identify which three
drivers will contribute to the success of your chosen organization.
2. Keeping the three strategies in mind,
3. create strategies for value enhancement in your chosen sharing economy organization.
2|Page
d. Political influence: How does the political environment of the home country influence the
business model of your selected organization?
1. Discuss how different political agendas or parties in power change the course of business
for your selected organization.
2. List down some political initiatives that impacted the functioning of your chosen
organization.
e. Legal impact: Explain the role of regulatory and anti-trust laws and evaluate their impact on
your chosen organization.
1. Critically discuss how new rules and regulations in the domain of anti-trust has impacted
the functioning of sharing economy organizations.
2. How have the rules affected the nature of generating business for your chosen
organization?
f. References: You should use the Harvard Referencing System (HRS) correctly throughout your
report.
Task 2 (Reflective Report)- Maximum word count: 1200 words
This is a reflective report; a Reflective Report is a piece of writing that summarises a student’s
critical reflection on a subject. Report guidelines are as follows:
Socioeconomic and Legal Environment provides the study and analysis of economic, social,
political and legal context which affect the business environment, such as market
structures, unemployment, inflation, economic growth and legal regulations that frame the
performance of the firms. To this end, Socioeconomic and Legal Environment has a
number of basics and intermediate tools and instruments useful to analyze properly the
business environment.
3|Page
a. Curiosity: What made you curious in this Socioeconomic and Legal Environment module?
How does learning feel different when you’re curious?
1. Mention a topic or concept that left you searching for answers.
2. Put the light on the process of searching for answers through different techniques- asking
doubts to the teaching faculty or self-search or seeking help from a peer member.
3. Were you able to get answers to the doubtful questions?
b. Description: What’s the most important concept you learned in this Socioeconomic and
Legal Environment module? Why do you think so?
1. Mention a professionally relevant topic for you in this module and
2. explain how it is going to help you in your professional or personal life.
c. Self Realization: Which topic brought out the best in you and why do you think that is?
1. List a topic or two that excited you to learn more, ask more and search more.
2. How was this topic different from the rest- this topic can be beyond professional or
personal links.
3. Mention a topic you are passionate about after learning this module.
d. Extension: What do you want to learn more about, and why?
1. Mention an extension of a topic/concept/learning outcome you are interested to learn.
2. Why do you want to learn more about this topic – is the reason professional or personal.
3. Explain the reason explicitly.
4|Page
Socio-Economic and Legal Environment
This question consists of two tasks. For Task 1, you are asked to respond to questions in task 1.
For task 2, you are requested to create a reflective report based on the questions stated.
Maximum word limit: The maximum expected word count is 3500 words excluding
references.
Task 1 – Maximum word count: 2300 words
The sharing economy has been widely hailed as a major growth sector, by sources ranging
from Fortune magazine to President Obama. It has disrupted mature industries, such as hotels
and automobiles, by providing consumers with convenient and cost-efficient access to resources
without the financial, emotional, or social burdens of ownership. But the sharing economy isn’t a
“sharing” economy at all; it’s an access economy.
Sharing is a form of social exchange that takes place among people known to each other, without
any profit. Sharing is an established practice and dominates particular aspects of our life, such as
within the family. By sharing and collectively consuming the household space of the home,
family members establish a communal identity. When “sharing” is market-mediated — when a
company is an intermediary between consumers who don’t know each other — it is no longer
sharing at all. Rather, consumers are paying to access someone else’s goods or services for a
particular period of time. It is an economic exchange, and consumers are after utilitarian, rather
than social, value. You can read the complete article here:
https://hbr.org/2015/01/the-sharing-economy-isnt-about-sharing-at-all
This task requires you to address economic issues by choosing a “Sharing Economy”
organization from the list of 101 ‘sharing economy companies’ available here:https://ecowarriorprincess.net/2018/10/101-sharing-economy-companies collaborativeconsumption/
1|Page
You MUST follow the Project Report format, which should contain the following sections:
a. Economic indicators: Identify the macro and microeconomic indicators impacted by the
operations of your selected organization in the country of origin.
INTRODUCTION OF THE ORGANIZATION
1. Explain the impact of the operations of your chosen company on at least
2. 2 macroeconomic (Monetary policy, Fiscal policy, GDP, Inflation & Deflation, etc) and
******WHY
3. 2 microeconomic indicators (Distribution of Channels & Suppliers, Level of Competition,
Availability of Investors, Media & General Public, etc.) of the home country.WHY****
4. Focus on sharing economy indicators.
b. External analysis: Conduct a PESTLE analysis and critically analyze its impact on your
selected organization.
1. Conduct a brief PESTLE analysis on the operations of your selected organization.
2. Stress on those components of PESTLE that have a higher influence on the day to day or
strategic operations of your chosen organization. WHY/WHAT/HOW
c. Economic drivers: Recommend strategies for an entrepreneur by identifying three major
Socio-Economic and Technological drivers that contribute to the success of the organization.
1. From the list of Socio-Economic and Technological drivers, analyse and identify which three
drivers will contribute to the success of your chosen organization.
2. Keeping the three strategies in mind,
3. create strategies for value enhancement in your chosen sharing economy organization.
2|Page
d. Political influence: How does the political environment of the home country influence the
business model of your selected organization?
1. Discuss how different political agendas or parties in power change the course of business
for your selected organization.
2. List down some political initiatives that impacted the functioning of your chosen
organization.
e. Legal impact: Explain the role of regulatory and anti-trust laws and evaluate their impact on
your chosen organization.
1. Critically discuss how new rules and regulations in the domain of anti-trust has impacted
the functioning of sharing economy organizations.
2. How have the rules affected the nature of generating business for your chosen
organization?
f. References: You should use the Harvard Referencing System (HRS) correctly throughout your
report.
Task 2 (Reflective Report)- Maximum word count: 1200 words
This is a reflective report; a Reflective Report is a piece of writing that summarises a student’s
critical reflection on a subject. Report guidelines are as follows:
Socioeconomic and Legal Environment provides the study and analysis of economic, social,
political and legal context which affect the business environment, such as market
structures, unemployment, inflation, economic growth and legal regulations that frame the
performance of the firms. To this end, Socioeconomic and Legal Environment has a
number of basics and intermediate tools and instruments useful to analyze properly the
business environment.
3|Page
a. Curiosity: What made you curious in this Socioeconomic and Legal Environment module?
How does learning feel different when you’re curious?
1. Mention a topic or concept that left you searching for answers.
2. Put the light on the process of searching for answers through different techniques- asking
doubts to the teaching faculty or self-search or seeking help from a peer member.
3. Were you able to get answers to the doubtful questions?
b. Description: What’s the most important concept you learned in this Socioeconomic and
Legal Environment module? Why do you think so?
1. Mention a professionally relevant topic for you in this module and
2. explain how it is going to help you in your professional or personal life.
c. Self Realization: Which topic brought out the best in you and why do you think that is?
1. List a topic or two that excited you to learn more, ask more and search more.
2. How was this topic different from the rest- this topic can be beyond professional or
personal links.
3. Mention a topic you are passionate about after learning this module.
d. Extension: What do you want to learn more about, and why?
1. Mention an extension of a topic/concept/learning outcome you are interested to learn.
2. Why do you want to learn more about this topic – is the reason professional or personal.
3. Explain the reason explicitly.
4|Page
Purchase answer to see full
attachment