Read Critical Incident 31 Do You Have a Plan in Todays Econo

Read Critical Incident 3-1, \"Do You Have a Plan in Today\'s Economy?\" on pages 317-318 of the text.

Navigate to the threaded discussion below and respond to the following:

Answer each of the Questions for Discussion in Critical Incident 3-1 on page 318 of your textbook.

Solution

todays economies are integrated economies and while we are making a strategy or plan we need to be consider our best priorities and we also needs to be consider the other\' priorities. here all the economies are integrated and one is linked with other econimies also. so, our decision should be in a way that mutual benefited one, else we cant succeed.

a best example for this is: recently US fed had their meetings and they have not increased the interest rates in US. here US fed consider the requests of the other nations (india) and the did it. so, while we are working together for a common goal we need to support others some times and some other times we requires support from others.

todays economies are integrated economies, and a small mistake are change can show huge revolutions. one more example is one month back China has decreased its currency value in international market. the reason is to be play an effective role in international markets they have taken the decision.