Watch this video about a small business, Holden Outerwear (Links to an external site.), to learn about the challenges they face competing in a global economy. After the video, answer the following questions in one well-developed paragraph each. Be sure to include the question number each of your responses refers to.

Using the open systems view of organizations, describe Holden Outerwear's internal and external environment.

How has globalization influenced Holden's business and created opportunity?

What are some challenges of globalization for managers at Holden?