Page 1 . 1.What is a firm’s broad environment? Explain in detail the four forces. To what extent can the broad environment influence a firm? To what extent can one firm influence the broad environment?
2. What are some of the most critical economic factors for a firm to track? Why are they important?
3. Explain Porter’s Five-Forces Model of Industry Competition including other forces.
4. For four different stakeholders give examples of cooperative strategies.
Page 2. Read Dan Price and his company Gravity Solutions. Also watch some You Tube videos. Be sure your research is complete. Analyze what he did and render an opinion whether such a decision would work for other businesses.