Explore and select ONLY one critical problem that your firm faces in the simulation game. This problem shall be broadly related to one of lecture topics of QB5916, such as foreign entry mode or geographic diversification. Then you decontextualize this problem, take it as a common problem that many firms face in the existing COVID-19 pandemic, and think about how to deal with this common problem. You can use 500 words at most to describe this general problem. Please note that you need to think this problem and solutions/possible strategies to deal with the identified problem in the context of the COVID- 19 pandemic.
You need to come up with two or three solutions (no more, no less) to this problem and support your solutions with the theoretical perspectives you have learned in the module. Specifically, you will read academic papers, figure out what the literature says about this problem or similar problems, and generate solutions to this problem in the context of the current COVID-19 pandemic. You also need to use real-world business examples which can help you explain your solutions. It is better to use examples from different international firms rather than just talking about one firm. The theoretical reasoning and integration will be the main part of the essay, not your examples.
In the essay, you need to write an abstract using fewer than 200 words to summarize your essay. These 200 words are not accounted towards the 2500 words for the body of the essay. The abstract should briefly summarize the key problem and key solutions/strategies that firm can use to mitigate the potential challenges of COVID-19 or other similar external prolonged shocks. The document you submit should be in the PDF format and named exactly in this way: Student ID_Name. For example, 123456789_Name
On the first page of your essay, you only state your essay title, your name and student ID, and word counts. Each of those points takes a line.
On the second page, you put a content page as below to show the structure of the essay.
1. Abstract (200 words)
2. The key problem of an international firm (500 words)
3. Solutions to address the problem
1) Solution 1
2) Solution 2
3) Solution 3
4. Short summary
