Research your favorite industry that you would like to work on in the future, as

Question

Research your favorite industry that you would like to work on in the future, as a career man/woman (Bussiness/Accounting).

Access the Harvard Business Review and all Harvard Business School data files that you can find, assess how you see that particular field in a 10-20 year projection, revenue, salaries/compensation, and opportunity growth? Make this homework fun, be creative and let your imagination take on: How would you like your future office to be like, employees working for you, business model, nationwide impact and so forth? Any industry will be accepted, also take into consideration technology and its ever-changing components, digital marketing and key aspects such as globalization.

Current Events:

Research what economic and global concerns will be raised in this meeting; and also how will it affect domestic and foreign economic policies. What is the U.S. role and how does it affect the American people?

The 44th G7 summit which will be held on June 8 and 9, 2018, in La Malbaie, Quebec, Canada. This will be the sixth time since 1981 that Canada has hosted the meetings.

Explanation / Answer

Contemporary history is stuffed with studies of corporations and usually even complete industries which have made grave strategic errors due to the fact of inaccurate industrywide demand forecasts. For instance:

In 1974, U.S. Electrical utilities made plans to double generating capacity by using the mid-Eighties founded on forecasts of a 7% annual progress widespread. Such forecasts are critical on account that firms must start building new generating vegetation 5 to 10 years before they're to return on line. But throughout the 1975-1985 interval, load definitely grew at handiest a 2% rate. Despite the postponement or cancellation of many initiatives, the surplus producing ability has damage the enterprise financial situation and led to better client premiums.
The petroleum enterprise invested $500 billion worldwide in 1980 and 1981 in view that it anticipated oil costs to upward push 50% by 1985. The estimate used to be headquartered on forecasts that the market would develop from 52 million barrels of oil a day in 1979 to 60 million barrels in 1985. Rather, demand had fallen to 46 million barrels by way of 1985. Prices collapsed, creating gigantic losses in drilling, construction, refining, and transport investments.
In 1983 and 1984, sixty seven new types of business personal computer systems have been introduced to the U.S. Market, and most companies were expecting explosive growth. One enterprise forecasting provider projected an hooked up base of 27 million models by 1988; a different envisioned 28 million units by using 1987. Correctly, simplest 15 million items had been shipped by using 1986. Through then, many manufacturers had abandoned the pc market or long past out of trade altogether.

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