Management has recognized the effect of changes in the real-world competitive environment and government policies on other industries and anticipates similar events occurring in their industry, so they ask you for a report considering the following points.
Write 1,400 -1,750-word paper of no more than in which you describe how each of the following are or potentially will affect your industry or one with which you are familiar:
- New companies entering the market, mergers, and globalization, on pricing and the sustainability of profits: Identify the type of merger activity in your industry or one with which you are familiar-horizontal, vertical, or conglomerate-and explain why you made that choice.
- Current and expected government policies and regulations, including taxes and regulations in place to address issues related to externalities
- Global competition on the decisions made by management with regards to change in labor demand, supply, relations, unions, and rules and regulations in your chosen industry
- Global/multinational corporations and their ability to still remain competitive on a local level.