Telecom for Canadians Inc. (TFC) is a hardware and software corporation that began operations 10 years ago. At that time, TFC leveraged its expertise in wireless communications, resulting in exponential growth and large profits. In the last few years of operations, TFC has continued to grow through an aggressive strategy of acquiring smaller innovative wireless communications companies. As a result, TFC has established itself as a leader in the wireless communications industry in Canada and has tripled its share price.

Senior management at TFC is currently reviewing its external environment in order to understand the external influences that it might be exposed to so that it can adapt its strategy to these influences and maintain successful operations.

Required:

Identify and briefly describe five macro forces that TFC should consider, which will impact TFC's ability to adapt to external influences. Support your response with case facts. (5 marks