Question: Determine how global competition impacts your organization.
· Should the organization/industry continue, expand, or reduce current operations in order to maximize profits? Explain your reasoning.
· If your answer is to expand: Should the organization/industry invest in new plants, equipment, or technologies? Should the organization/industry consider a merger with another organization? Explain your reasoning and explain global competition implications.
· If your answer is to reduce: Should the organization/industry reduce production or shutdown their operations? Explain your reasoning.