Module 3 – Case

Efficiency and Adaptation

Assignment Overview

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. Let’s look at how the principles of economics determine production costs and the role that these costs play in the success of a business. (Complete the production costs tutorial before you proceed). 

Case Assignment

In module one you were first introduced to communities. Organisms within communities interact primarily through the following ways: competition, predation and symbiosis. View the following PowerPoint on Interaction Between Communities (be sure to open the file in full view for audio capability). Read about the unusual relationship documented between Ethiopian wolves and Gelada monkeys at the website below and then answer the following questions:

Luntz, S. (2015). Symbiotic Partnership Between Monkeys and Wolves Discovered IFLScience. Accessed on August 16, 2016 at http://www.iflscience.com/plants-and-animals/monkey-wolf-symbiosis/.

Part II

Now consider the production costs to extinct businesses: choose one of the following: Kodak, Borders or Blockbuster. Do some independent research and use the production cost tutorial from the overview above to address these questions:

Assignment Expectations

For this Case Assignment, answer all questions using full sentences and use Part I and Part II as your headings to organize your paper. The length of this assignment should be 2–3 pages.

You are provided with many scholarly references to complete this assignment. Include a References section that lists these and any additional sources you used in APA format. For any additional research you are required to do in order to complete your assignment, please use scholarly references such as a peer-reviewed journal article or a government-sponsored or university-sponsored website. As you read through your sources, take notes from your sources and then write your paper in your own words, describing what you have learned from your research. Direct quotes should be limited and must be designated by quotation marks. Paraphrased ideas must give credit to the original author, for example (Murray, 2014). Direct copying from “homework help” websites will not receive credit.

Under each main section, use subtitles to organize your answers to the questions. For example:

Part I: Economics of Species Relationships

Introduction

Costs

Benefits

Scarce Resources

Part II: Case Study: Production Costs for Kodak (or your business of choice)

Costs

Competition and the Shut-Down Decision

Extinctions: Parallels in the Business World

References

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