Question
Critical Thinking Current Event - General Environment; Industry Environment What is going on in the world? Find a current event (within last six months) that
Critical Thinking Current Event - General Environment; Industry Environment
What is going on in the world? Find a current event (within last six months) that is relevant to one of the concepts covered in lecture. Please include a link to the article and thorough explanation of why it is relevant, what business concepts it is demonstrates, and the significance of the news. This is NOT a summary of the news; this is where you practice and demonstrate critical thinking (a key learning objective of the class). The topics covered this week were:
The General Environment
- Trends in the general environment
- Political
- Economic
- Socio-cultural
- Technological
- Legal
- Environmental
The Industry Environment
- Five forces of an industry analysis.
- Threat of new entrants
- Threat of substitutes
- Power of suppliers
- Power of buyers
- Intensity of Rivalry
- Understand strategic groups
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