Order ID: 89JHGSJE83839 | Style: APA/MLA/Harvard/Chicago | Pages: 5-10 |
Instructions:
Description
As we begin to consider some parallels between the business world and the natural world, we can identify some very similar patterns in extinction, adaptation, and supply and demand in both. For example, an organism faces many challenges as it attempts to survive in the natural world, just as a business will struggle to succeed in the marketplace. When resources in the environment are limited, like consumers in the marketplace, organisms and businesses will compete. Those that can maximize their efficiency at production will succeed over those that cannot. Lets look at how the principles of economics determine the role that these costs play in the success of species in the wild and a business in the marketplace.
Case Assignment
Part I
In Module 1 you were first introduced to communities. Organisms within communities interact primarily through the following ways: competition, predation, and symbiosis. Read about the unusual relationship documented between Ethiopian wolves and Gelada monkeys at the website below or read about the symbiotic relationship between badgers and coyotes. Chose only one of the articles below to answer Part I using the following questions:
Luntz, S. (2015). Symbiotic partnership between monkeys and wolves discovered. Accessed on IFL Science on August 16, 2016, at http://www.iflscience.com/plants-and-animals/monkey-wolf-symbiosis/
or
Haemig, P. D. (2012). Badger-coyote associations. Ecology. Info 11. Retrieved from http://www.ecology.info/badger-coyote.htm
What type of relationship is found between the Gelada monkeys and Ethiopian wolves or badgers and coyotes?
What are the short-term and long-term benefits for each species you read about in the article you selected?
What are some of the costs for each of the species as a result of their mutual relationship?
Do you think their relationship could change if resources became scarce? Why or why not?
Part II
Now consider the benefits and costs to businesses in the marketplace: Choose one of the following businesses that are now extinct: Circuit City, Pan Am, or Tower Records. Address the following questions in Part II of your assignment:
What were some of the long-run costs associated with operating the business?
Who were their competitors?
What were the factors that contributed to the decision to shut down the business?
Do you think your chosen company could have been successful by adopting a mutually beneficial partnership, similar to organisms in the wild? Why or why not?
RUBRIC |
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Excellent Quality 95-100%
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Introduction
45-41 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Literature Support 91-84 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Methodology 58-53 points Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met. |
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Average Score 50-85% |
40-38 points More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided. |
83-76 points Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration. |
52-49 points Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met. |
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Poor Quality 0-45% |
37-1 points The background and/or significance are missing. No search history information is provided. |
75-1 points Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration. |
48-1 points There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met |
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