How changes in the external environment

Question

Assignment:

1. Identify how changes in the external environment affect the OM strategy for a company. For instance, discuss what impact the following external factors might have on OM strategy:

1. Major increases in oil prices.
2. Water- and air-quality legislation.
3. Fewer young prospective employees entering the labour market. d) Inflation versus stable prices.
4. Legislation moving health insurance from a pretax benefit to taxable income.