MegaMaester

Business · Module 3

Business in a Changing World

Module 1 built the foundations of how businesses work; Module 2 covered building and growing one. This module looks outward and forward: how businesses survive and thrive amid technological change, ethical scrutiny, environmental limits, global competition, and disruption.

You will learn why firms must innovate or fade, how digital technology rewrites business models, what business ethics and responsibility really demand, how sustainability became a business issue, what it means to operate across borders, how organisations manage risk and crisis, and how work itself is changing.

Lessons
7 lessons
Estimated time
~6-8 hours
Assessment
Module quiz included

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Lessons

Lesson 1 · 16 min

Innovation and Adaptation

Lesson 2 · 16 min

Technology and Digital Transformation

Lesson 3 · 16 min

Business Ethics and Responsibility

Lesson 4 · 16 min

Sustainability and the Triple Bottom Line

Lesson 5 · 16 min

Globalization and Doing Business Across Borders

Lesson 6 · 16 min

Risk, Resilience, and Crisis

Lesson 7 · 16 min

The Future of Work and Business

Check your understanding

Finish the lessons, then test yourself. Your best score is saved on this device. You can also open this quiz on its own page.

Business in a Changing World — Module Assessment

14 questions · pass mark 75%

  1. 1.What best describes a disruptive innovation, as Clayton Christensen used the term?
  2. 2.According to the innovator's dilemma, why do successful firms often fail to adapt to disruption?
  3. 3.Which of the following best captures a network effect in a platform business?
  4. 4.A shop moves its paper records online and lets customers order through a website, but still buys, stocks, and sells the same goods the same way. This is best described as:
  5. 5.In his 1970 essay, Milton Friedman argued that the social responsibility of business is to increase its profits. Which qualification did he attach to that claim?
  6. 6.What is the clearest reason an ethical lapse can destroy more value than it appears to save?
  7. 7.Which statement best reflects John Elkington's own later view of the triple bottom line he coined in 1994?
  8. 8.Volkswagen's "clean diesel" scandal (Dieselgate, 2015) is best described as which of the following?
  9. 9.A country can produce both cars and grain using less labour than its neighbour. According to comparative advantage, what should it do?
  10. 10.Which statement best captures the globalization-versus-localization debate as presented in the lesson?
  11. 11.A business is deciding where to focus its limited risk-management effort. What is the most sound basis for prioritising?
  12. 12.Why is Johnson & Johnson's 1982 Tylenol recall widely taught as a model crisis response?
  13. 13.According to research led by Stanford's Nicholas Bloom and the WFH Research team, how did the share of US paid workdays done at home change from 2019 to the spring 2020 lockdowns?
  14. 14.Why is it more accurate to describe automation's effect on jobs as an open debate rather than a settled outcome?
Answer every question to submit.