Annotated Bibliography: Future Uncertainties for Business Students

This annotated bibliography, created for a business communication course, explores various facets of future uncertainties in the business world. It includes annotations of several academic articles and research papers. These sources delve into topics such as the impact of economic policy uncertainties on business tourism, the challenges of circular business models, and the influence of corporate social responsibility on financial distress. The bibliography also examines risk assessment in a changing global landscape, the role of business uncertainty in investment decisions, and different approaches to sustainable business models. The selected articles offer diverse perspectives on how businesses can navigate and adapt to an increasingly unpredictable future, addressing issues from technological advancements to socio-economic shifts. The annotations provide concise summaries of each source's main arguments, methodologies, and findings, making it a valuable resource for students researching the future of business.

Annotated Bibliography of Future Uncertainties in a Business
Student Details
3/25/2020

Annotated Bibliography
Gibson, I., Rosen, D., & Stucker, B. (2015). Business opportunities and future
directions. In Additive Manufacturing Technologies (pp. 475-486). New York: Springer.
The article is written by three authors among them Ian belongs to Australia and other two
belongs to USA. For several industrial companies, the new strategy is assumed to centralize
product creation, product delivery, and product distribution in a comparatively few geographic
locations. Such areas will decrease even more if businesses grow, manufacture and export off-
shore goods to other businesses to benefit from lower capital, labour or overhead costs. The
resultant labor concentration leads to areas where underemployment and unemployment are
overwhelmingly high. Authors believed that lots of variables contribute to market growth. It's all
important to have a solid plan, have a profitable service or product and even have effective
processes. So it is up to the organization's employees to actively implement policies, plans, and
procedures that make a company effective. As a result, nations will have under-populated areas
with consequent regional challenges, such as under-utilizing resources, and undermining long-
term territorial sovereignty (Gibson, Rosen, & Stucker, 2015).
Costanza, R., Kubiszewski, I., Grigg, N., & Korb, E. (2015). Scenarios for Australia
in 2050: A Synthesis and Proposed Survey. Journal of Futures Studies , 19 (3), 49-76.
The research paper is written by multiple authors and all of them belong from various
universities of Australia. They checked a broad variety of future possibilities developed within
Australia, yet developed a model for the Australia internationally. Their four diffusion scenarios
were built along two lances: (1) person vs. group focus, as well as (2) either biophysical
constraint are binding on continued GDP production, or could be resolved with technology.
Although regional scenarios have discussed transition or breakdown possibilities, Australia has
achieved so with relatively few possibilities on a global scale. They explain each scenario in
columnar and overview form and also created a poll of public opinion that can be used to include
Australians in the classification of the possibilities by talking about what potential organizations
need. The expansion to contingency planning is innovative and the writers of the whole study
intend to use it to enhance the future of Australia's thought, dialogue and government (Costanza,
Kubiszewski, Grigg, & Korb, 2015).
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Linder, M., & Williander, M. (2017). Circular Business Model Innovation: Inherent
Uncertainties. Business strategy and the environment , 26 (2), 182-196.
The authors of this study belongs from a city of Swedan and they in together attempted to
idnetify business uncertanities based on innovation model of business. Circular market strategies
focused on re-manufacturing as well as reuse offer considerable cost savings through
revolutionary environmental impact reductions. Variations to these business strategies have been
proposed for generations, and prominent positive stories including the Xerox product as well
as service concept focused on re-manufactured photocopiers exist. Based on a business model
concept hypothesis-testing system, authors prove that revolving business models mean major
obstacles for the entrepreneur to proactively reduce complexity. In addition, they demonstrate
that certain versions of the goods and service method that promote the management of return
flow in loop business models further aggravate the possible negative consequences of a failure to
minimize volatility due to increased capital investments. Authors also offer a counterexample to
many of the problems found in previous studies by a retrospective intervention analysis sample
which could be resolved in the case examined (Linder & Williander, 2017).
Maier, H., J.H.A.Guillaume, Delden, H., & G.A.Riddell. (2016). An uncertain
future, deep uncertainty, scenarios, robustness and adaptation: How do they fit together?
Environmental Modelling & Software , 81, 154-164.
There are multiple authors of this study can they also belongs to different countries and
regions. Most of them belongs to Australia and they come together to provide results of their
research about business uncertanities. An increasingly unpredictable future due to global
warming, technology, including socio-economic shifts has led to the fact that potential
requirements for determining "best-guess" may no longer be acceptable. Alternatively, several
possible alternatives need to be considered, allowing risks to be defined based on the various sets
of hypotheses, (ii) system efficiency to be described by measures that quantify insensitivity (i.e.
robustness) to changes in potential conditions, and (iii) adaptation approaches to be addressed
along the same lines. While these variables were traditionally viewed in isolation, there has also
been the lack of debate regarding how they are related. To remedy this limitation, this paper
provides a multidisciplinary viewpoint on how the above-mentioned variables work together to
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promote the creation of approaches that are ideally suited to coping with a deeply unknown
future (Maier, J.H.A.Guillaume, Delden, & G.A.Riddell, 2016).
Tsui, W. H., Balli, F., & Tan, D. T. (2018). New Zealand business tourism:
Exploring the impact of economic policy uncertainties. Tourism Economics , 24 (4), 386-
417.
Tsui the first author of this article belongs to Hong Kong and rest of them belongs to
New Zealand. The goal of this analysis is to give deep understanding of the effect of economic
instability on corporate tourism within New Zealand. The information gravity template panel and
indeed the maximally linked array was used to analyze the influences of New Zealand's
Economic Policy Uncertainty (EPU) indexes and its main trading allies, together with tourism
including aviation-related influences, on corporate tourist movements in New Zealand since
2008 to 2015. The results indicate that two economic forces (EPU chart including bilateral trade
levels for New Zealand) as well as two semi-economic factors (flying distance and overall direct
flight seats) become statistically important in understanding some of the fluctuations in business
travel. The findings have important policy consequences for decision makers throughout New
Zealand in recognizing business tourist needs and preparing their tourism policies (Tsui, Balli, &
Tan, 2018).
Lacity, M. C., Khan, S. A., & Yan, A. (2017). Review of the empirical business
services sourcing literature: an update and future directions. In Outsourcing and offshoring
business services (pp. 499-651). Cham: Palgrave Macmillan.
Lacity which is the first author of this study belongs to USA, whereas other others
belongs to Hong Kong. They repeated the approach used in the previous JIT reviews in order to
analyze the most recent research findings on professional services, which include ITO as well as
BPO, as well as to equate the results against previous JIT reports. They reviewed 174 newly
published papers in this analysis across 78 scientific journals that were written between 2010
through 2014. They find researchers over the last 4 years have substantially increased interest
parameters. Researchers have looked at 69 different variables in total. This analysis of recent
papers finds a broader examination of the direct impact of contract characteristics, and
governance on procurement decisions including outcomes comparison with earlier studies.
Researchers have also been researching a wider range of procurement choices, including pooled
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services, cooperative centers, regional procurement, and back-sourcing. However, this report
finds a more complex view of hierarchical government and its relationship with contract
management (Lacity, Khan, & Yan, 2017).
Morikawa, M. (2016). Business uncertainty and investment: Evidence from
Japanese companies. Journal of Macroeconomics , 49, 224-236.
The author of this research study belongs to Tokyo, Japan. Using information from a
sample quarterly market poll in Japan, this analysis establishes business instability metrics,
provides analytical observations about the time-series characteristics of market uncertainty
indicators, including analyzes the connection between these indicators and acquisitions.
Manufacturing including small companies continue to face greater confusion about the sector.
They find a negative correlation between volatility of the market and expenditure. The findings
suggest, first, that market uncertainty rose at the time of Lehman Brothers ' bankruptcy but the
impact in market volatility of an improvement in the income tax rate was low. Third,
manufacturing including small firms continue to face greater volatility than non-manufacturers
and major corporations. Third, we find a detrimental correlation between confusion regarding
market and investment (Morikawa, 2016).
Al‐Hadi, A., Chatterjee, B., & Yaftian, A. (2019). Corporate social responsibility
performance, financial distress and firm life cycle: evidence from Australia. Accounting &
Finance , 59 (2), 961-989.
Al-Hadi the first author of this study belongs to Australia, where as Chatterjee belongs to
New Zealand. All authors of this study in together Examined the correlation between the success
of corporate responsibility (CSR) including financial hardship and, in turn, the balancing effect
on that correlation of company life cycle levels. Based on a comparison of 651 publicly traded
Australian company-years data spanning the periods 2007–2013, their regression findings
indicate that optimistic CSR activity substantially decreases the company's financial pressure.
According to authors success offers confidence, stability, and a sense of well-being, the desire to
contribute at a higher degree, optimism and leadership. You, the party, the business, the
ambitions, dreams as well as entire societies cease living without progress. Additionally, the
negative correlation between positive CSR results and financial loss is more pronounced for
businesses in early stages of the life cycle. Our tests are resilient to alternative financial
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uncertainty, CSR efficiency and life cycle processes proxy steps (Al‐Hadi, Chatterjee, & Yaftian,
2019).
Zio, E. (2018). The future of risk assessment. Reliability Engineering & System Safety
, 177, 176-190.
The author of this study belongs to France, which discussed future risk assessment
process in the study. In this article, the author focuses on the dramatic shifts and developments
which the world they live in is undergoing and analyzes them on the challenges they bring to the
risk management sector. The article is not a theoretical report and not necessarily a summary or a
state-of - the-art report, but instead it gives a stare-out on risk management, open to
interpretation and debate, because it cannot claim to provide an absolute perspective or be full in
the issues discussed. Climate change and significant weather disasters are rapidly threatening our
infrastructure; terrorism and malevolent risks raise important questions about the stability of our
structures and lives. Such causes of hazard are highly unpredictable, and are thus difficult to
quantitatively classify and model. Some new avenues of research and development are identified
and addressed, often taking into account the ever-increasing computing capacities and
availability of data (Zio, 2018).
Dentchev, N., Rauter, R., & Jóhannsdóttir, L. (2018). Embracing the variety of
sustainable business models: A prolific field of research and a future research agenda.
Journal of Cleaner Production , 194, 695-703.
The paper is written by multiple authors whereas first author Dentchev belongs to
Belgium. They focused on investigating the effects of viable business models is indeed an
important and appropriate subject for our communities. The agreed papers offer a description of
the specific organizational structures, management processes, sustainability approaches,
problems, analytical lenses and scientific facts, that is, fundamental factors in the analysis of
viable business systems. The thirty-seven papers published in this Unique Volume are
summarized in this explanatory text, grouped in four solutions to viable business models: 1/the
specialist approach, 2/the approach centered on technology, 3/the response to innovation and
creativity and 4/the approach to actions. In summary, opportunities for future work are proposed,
with a demand for sound hypothesis building, more advanced analysis techniques, concentrating
on the interplay of sustainable with current traditional business models, and systematic
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evaluation of the role of policymakers in promoting sustainable business designs (Dentchev,
Rauter, & Jóhannsdóttir, 2018).
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Bibliography
Al‐Hadi, A., Chatterjee, B., & Yaftian, A. (2019). Corporate social responsibility performance,
financial distress and firm life cycle: evidence from Australia. Accounting & Finance , 59
(2), 961-989.
Costanza, R., Kubiszewski, I., Grigg, N., & Korb, E. (2015). Scenarios for Australia in 2050: A
Synthesis and Proposed Survey. Journal of Futures Studies , 19 (3), 49-76.
Dentchev, N., Rauter, R., & Jóhannsdóttir, L. (2018). Embracing the variety of sustainable
business models: A prolific field of research and a future research agenda. Journal of
Cleaner Production , 194, 695-703.
Gibson, I., Rosen, D., & Stucker, B. (2015). Business opportunities and future directions. In
Additive Manufacturing Technologies (pp. 475-486). New York: Springer.
Lacity, M. C., Khan, S. A., & Yan, A. (2017). Review of the empirical business services
sourcing literature: an update and future directions. In Outsourcing and offshoring
business services (pp. 499-651). Cham: Palgrave Macmillan.
Linder, M., & Williander, M. (2017). Circular Business Model Innovation: Inherent
Uncertainties. Business strategy and the environment , 26 (2), 182-196.
Maier, H., J.H.A.Guillaume, Delden, H., & G.A.Riddell. (2016). An uncertain future, deep
uncertainty, scenarios, robustness and adaptation: How do they fit together?
Environmental Modelling & Software , 81, 154-164.
Morikawa, M. (2016). Business uncertainty and investment: Evidence from Japanese companies.
Journal of Macroeconomics , 49, 224-236.
Tsui, W. H., Balli, F., & Tan, D. T. (2018). New Zealand business tourism: Exploring the impact
of economic policy uncertainties. Tourism Economics , 24 (4), 386-417.
Zio, E. (2018). The future of risk assessment. Reliability Engineering & System Safety , 177,
176-190.
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