BMGT101 Business Management

Purpose

The purpose of this project is for you to demonstrate an understanding of current events and their effect on management, management processes and operations.

Outcome Met With This Project

• Discuss the financial, economic, regulatory, sociopolitical, and technological factors as they relate to a dynamic business environment.

How to Set Up the Paper

Create a Word or Rich Text Format (RTF) document that is double-spaced using 12-point font. The final product will be 3-4 pages in length excluding the title page and reference page. Write clearly and concisely.

Background

In January 2019, the Federal Reserve announced that its goal was to keep the benchmark interest rate range between 2.25% – 2.5%. This was the same range announced at their December 2018 meeting. The last interest rate increase was 25 basis points in September 2018. This was the highest recorded rate increase since April 2008.

In the past, no one worried about the Federal Funds rate, but that all changed with the Great Recession of 2008. Now, most people are very aware of the consequences of drastic rate changes. When interest rates rise, it affects the way consumers and businesses can access and use credit.

Course Material and Research

This project requires you to research the Federal Funds Rate and the Federal Reserve on the Internet. You will find various articles that define and comment on the actions of these topics. Articles should be not more than three months old. You are expected to address the five questions provided in the Current Event Template below, using a minimum of four selected articles and the course material to support the reasoning. Note that using course materials and reference articles goes beyond defining terms but by clearly and thoroughly explaining. They are used to explain the ‘why and how’ of a situation. Avoid merely making statements but close the loop of the discussion by explaining how something happens or why something happens, which focuses on importance and impact. In closing the loop, you will demonstrate the ability to think clearly and rationally showing an understanding of the logical connections between the course material, your reference articles and the question(s) being asked.