Assignment Task
On 5th July 2018 the United States trade war with China officially began, as the Trump administration’s threat to impose tariffs became reality. Designed to tackle the US trade deficit with China, at midnight $34 billion worth of tariffs on approximately 800 different types of products came into effect.
China reacted immediately and similarly placed a 25% tax on products imported into the country from the US Recently, trade wars were thought to be a thing of the past. Politically and economically, free trade has been seen to be of benefit for domestic and global economies and the wealth of nations.
Question 1.
a. Critically evaluate the external and internal environments using appropriate tools and identify potential intended strategies for the organization. Are there any steps which the organization should take now in case there is another global crisis in the next 2 to 5 years?
b. If a global recession was to occur in the next year, are there any emergent strategies which you would recommend?
Question 2
c. Evaluate the purpose of strategic planning and decision making within an organization. You should evaluate and distinguish between intended, emergent and realized strategies and consider the alternative approaches to how strategy can be viewed and strategic planning undertaken within an organization.
