Learning Team Final Project 1

ECO/561 Version 4

University of Phoenix Material

Learning Team Final Project:

Business Recommendations Based on Economic Projections
The economic future of an industry might change depending on various economic conditions.
Predicting economic futures is an essential skill when choosing between business alternatives.
This Learning Team project prepares you to make informed management decisions based on
what you know about the economy.

For this project, your team must offer recommendations for a company to make business
decisions based on potential changes that may occur in the economy over the next 5 years.

In Week Six, your team must submit a memo of no more than 1,050 words with supporting
documentation and a visual representation, which includes graphs or diagrams, detailing your
analyses. Your analyses will be based on Milestones 1, 2, and 3, which will be completed in
Weeks Three, Four, and Five.

Milestone 1

• Select an organization for your final project. You may choose among the Larson
Scenario, Big Drive Auto Scenario, or any organization in which you may obtain the same
type of data as the provided scenarios.

• Review the data for the organization you have chosen.

• Provide pricing strategy recommendations, recommendations for nonprice

barriers to entry, and ideas for product differentiation for the organization.

• Explain the evidence that supports these recommendations.

Milestone 2

• Discuss three alternative economic futures for the industry you have selected
that could occur in the economy over the next 5 years. Explain the likelihood of the economic
futures occurring.

• Update your recommendations from Milestone 1 to include how your

recommendations may need to be modified for the alternative economic futures.

• Recommend an appropriate course for your chosen organization to make

business decisions based on the projected economy’s stage in the business cycle and the
projected macro economic condition.

• Explain the evidence that supports these recommendations and how your
recommendations may need to be modified for the alternative economic futures.

Milestone 3
 Learning Team Final Project 2
ECO/561 Version 4

• Recommend an appropriate course for your chosen organization to make

business decisions based on the projected credit markets. What business decisions related to
trade and specialization might you recommend based on the effects of future global
conditions?

• Explain the evidence that supports these recommendations and identify how your
recommendations might need to be modified for the alternative economic futures.

Final Project Memo

The memo must be no more than 1,050 words and complete the following:

• Provide a general description of three alternative economic futures within the

next 5 years for your chosen organization’s industry.

• Include a summary of your specific recommendations for the organization to

make business decisions in relationship to these alternative futures. You must utilize your
determinations in Milestones 1, 2, and 3 to complete this portion of the memo.

• Provide a visual representation, including graphs and diagrams, of Milestones 2

and 3 to support your recommendations.