|University||Kaplan University (KU)|
|Subject||Organizations in a Global Context|
Organizations in a Global Context Assignment, KU, Singapore: There are three characteristics of a “black swan” event – rarity, extreme impact, and retrospective predictability
The “Black Swan” COVID-19 Catastrophe Proves Just How Fragile Our World
There are three characteristics of a “black swan” event – rarity, extreme impact, and retrospective predictability. With the benefit of hindsight, it is always easy to spot the warning signs of a looming catastrophe, but few see them at the time. The global financial crisis of 2008 was an example of a black swan, and COVID-19 is an even better one.
The collective failure to anticipate a variant of the coronavirus first detected in China in late 2019 suggests we should all be careful about making bold statements about what will happen next. Perhaps, as the financial markets are signaling, the mass vaccination programs now underway will allow life to return to something like normal by the middle of this year. It is possible 2020 will be recorded in the history books as a one-off, an aberration that signified nothing.
There are reasons for thinking 2021 will be different and could eventually be seen as one of those years that prove pivotal. One is that the pandemic has sped up the technological change that was already happening because social distancing and lockdowns have meant we do so many more things from home via a computer screen or a mobile phone.
Buy Custom Answer of This Assessment & Raise Your Grades
People have surfed the net more; they have kept in touch with their friends remotely; they have shopped online. The result is that the digital transformation of economies has been accelerated. Companies that went into the crisis powerful enough already – Google, Amazon, Facebook – have seen their market dominance strengthened. Working from home has been terrible for some sectors of the economy but great for Zoom.
For years, there has been talking of how biotechnology would form a crucial part of a fourth industrial revolution. Its response to the pandemic has proved this is not just hype. It has been staggering how quickly vaccines were developed and produced. Genome sequencing has made it possible to identify mutations of the coronavirus
In addition, some governments have dealt better with the crisis than others. Ironically, China is poised to be the only major economy to register positive growth this year. Neighboring countries – Taiwan, South Korea, and Vietnam – were all better prepared for the pandemic than Europe or the US. Recent decades have seen a shift in the global balance of power from west to east and that trend has continued. The US emerges from 2020 relatively weaker, China relatively stronger.
The story of globalization over the past three decades has been of developed countries outsourcing production to places where wage costs were lower. Relying on China for protective personal equipment (PPE) and other medical equipment looked a lot less clever as the crisis erupted. There is now a recognition that there is a price to be paid for long and complex supply chains as there is for an economic model that pays too little heed to sustainability.
In the past, deep recessions have tended to push environmental issues down the political pecking order, but this time it has been different. Quite rightly, the thinking has been that if 2008 was a financial emergency and 2020 was a medical emergency, then next time – and the assumption is that there will be a next time – it could be a climate emergency.
Stuck with a lot of homework assignments and feeling stressed ? Take professional academic assistance & Get 100% Plagiarism free papers
Are you a student at Kaplan University (KU) in Singapore struggling with your assignments in the subject "Organizations in a Global Context"? Look no further! We offer assignment help Singapore services tailored to your needs. Our team of experts specializes in TMA, individual assignments, and essay writing services in Singapore. With our assistance, you can tackle even the most challenging tasks with ease. Don't let the rarity, extreme impact, and retrospective predictability of "black swan" events stress you out. Trust us to provide you with the support you need to excel in your coursework. Reach out today and let us help you succeed.
- DSM010 Big data analysis Course Work, UOL, Singapore: Implement the K-Means clustering algorithm with Euclidean and Manhattan Distance Measures
- DSM010 Big data analysis Course Work, UOL, Singapore: Find the descriptive statistics for temperature of each day of a given month for the year 2007
- HBC203 Statistics and Data Analysis for the Social and Behavioral Sciences Essay, SUSS, Singapore: Some experts in public health have proposed to cut tobacco-related deaths by reducing nicotine levels in cigarettes
- HBC203 Statistics and Data Analysis for the Social and Behavioral Sciences Essay, SUSS, Singapore: Researchers use experimental designs to make causal inference
- HRM331 Talent Management, SUSS, Singapore: Begin by conducting research on the topic of hiring for cultural fit. This research explores both the proponents’ and critics’
- ECON1056 Managerial and Business Economics Report, SIM, Singapore: What is the maximum price the company can charge a household for an income insurance policy?
- HBC101 Understanding Contemporary Society: The Social and Behavioral Sciences Assignment, SUSS, Singapore: “Countdown to Singapore’s Presidential Elections: Who is Likely to Run?”
- PSS101 Introduction to Singapore Legal System Assignment, SUSS, Singapore: All would be lost if the same man or the same body of principal men…exercised these three powers; that of making the laws
- PSS221 Urban Resilience and Security and Assignment, SUSS, Singapore: This unit aims to introduce terminology and concepts associated with urban resilience
- Financial Performance Management Report, NUS, Singapore: Select An International Organization And Identify Its Closest Competitor
UP TO 15 % DISCOUNT
Get Your Assignment Completed At Lower Prices