Kulturraumbezogene Wirtschaftsthemen, Homework for April 26th

 ***Please note that our next class meeting is on Tuesday, April 26th from 14:00-15:30 at the TH Köln, Uberring 48, Room 319.***

Please be advised that your first Teilleistung must be submitted by Friday, April 22nd at 5 pm to my university e-mail address. Late submissions will not be accepted.

Your Teilleistung should be submitted by ONE partner as a joint document with both/all of your names on it. Please only send me Teilleistungen as .docx (so that I can insert my comments directly and send these back to you.)

 For homework, please have prepared the following in advance of our first in-person session on April 26th: 

- submit your Teilleistung consent form, if you haven't done so already.

- first, read the vocab page and do the exercises in the two "risk and uncertainty" files the "crisis management and risk management" folder 

- then, watch the following 5-minute video on risk management and put the six questions outlined in the video in your own words: Risk management basics: What exactly is it? - YouTube

- thereafter, apply those questions to one of the following situations: 1) you're considering starting a business (you should specify what type of business it is) or 2) you're considering buying some stocks (you should specify what company the stocks belong to). 

- read the article on crisis management in the "crisis management and risk management" folder on Ilias, answer its accompanying comprehension questions, and answer the following: what is the difference between risk and crisis management? Do these two types of mangement ever overlap? If so, when/under what circumstances/in what situations?

Information and content for your second Teilleistung will be posted in a folder entitled "Second Teilleistung" on Ilias by Friday, April 22nd at noon. You are welcome to peruse it in advance of our session on Tuesday, April 26th from 14:00-15:30. Extensive information about how to complete that Teilleistung will be provided in our first in-person session. 

- Optional essay: consider the Hofstedian category of risk aversion/uncertainty avoidance. Research whether you come from a more risk averse culture or one that embraces more risk. (You can use this tool to compare countries: Country Comparison - Hofstede Insights (hofstede-insights.com) ) What implications does this finding have for business in your culture, in your opinion? If you choose to submit an essay in response to this prompt, make sure to keep it to 250-350 words and that it is sent to me as a .docx file to my email address by Friday, April 22nd at 5 pm. Late submissions and submissions that exceed the word limit will not be read.