Assessment 3 – Individual Report – MINIMUM 3200 Words
Learning Outcomes
Learning Outcome 1
Evaluate the role of culture, govemments and international organizations in promoting global trade and business
Learning Outcome 2
Assess the opportunities and threats posed by cultural difference in a global environment
Learning Outcome 3
Evaluate the risks, costs and benefits of doing business in different countries
Learning Outcome 4
Argue a point of view relating to ethics and social responsibility by global businesses
Assessment Task:
Covid 19 has put a once in a 100 year stress on people and economies around the world, with many experts saying that the world will not return to normal until a viable vaccine has been distributed.
Some experts think that it may take until 2025 (or even longer) for enough vaccine to have been distributed for borders to safely reopen and for global trade resume at pre 2020 levels.
Within this context intenational organisations (such as the WHO), Governments and the Pharmaceutical industry are working closely together to develop vaccines in order to protect people and get the global economy restarted.
However with any such large scale business endevour, with billions of dollars at stake and literally the future of the world in the hands of the Pharmaceutical industry, there are numerous opportunities for poor ethical choices and poor social responsibility at every level from international and local governance to business and healthcare.
Part 1:
Do a macro level review of the ‘vaccine industry’:
Evaluating the role of culture, governments and international organizations in promoting global trade and business
Assessing the opportunities and threats posed by cultural difference in a global environment
Evaluating the risks, costs and benefits of doing business in different countries
Part 2:
Based on the findings of your review formulate and argue a point of view relating to ethics and social responsibility by global businesses in the context of your findings