Write your problem statement based on the information presented and your 5Ws and 1H.
Grand Challenge Problem Statement A2 is about identifying a grand challenge problem that impacts a particular business/ industry. You have to form a clear problem statement which must be addressed later in A3 (Solution and Pitch). A2 is problem identification and writing a problem statement (no solution(s) are required). A3 is Solution(s)/ Strategies to A2 problem statement and pitching your solution(s)/ strategies to your target audience(s). It is important to note in A2 you are identifying challenge(s)/ problem(s) faced by your chosen business/ industry caused by a Grand Challenge problem. Thus, your A3 will be the solution(s)/ strategies that your chosen business/ industry will be using to remain viable when facing this grand challenge. Your A3 is NOT about finding solutions to resolve the grand challenge problem. For example, COVID19 impacts all businesses. Your task is to identify what solution(s)/ strategies your chosen business/ industry could use to survive the impact caused by COVID, not to find solutions to resolve COVID. There is an example on Apple Inc. China to illustrate this below. You can find more details about the structure below: In this assessment, you need to introduce the business/ industry and tell us about their context. Identify the grand challenge the business/ industry is dealing with and explain how it impacts the business. Use an environmental analysis framework (PESTLE or SWOT) to analyse the business environment. Include a figure to help explain your analysis (this should not be full of text, only include dot points – this is counted in the word limit). Then, clearly define the business problem in a statement by using 5Ws and 1H. Conclude by summing up the context, analysis and problem statement. You should refer to course content and recommended readings to help you frame your problem and use supplementary research to support your analysis. A minimum of 6 references is required with at least half of them from academic/ business sources, such as peer reviewed/ academic journal […]