During our first class i presented a list of 18 domestic, Ask an Expert

Economics

During our first class I presented a list of 18 domestic and global factors that impact an economy and companies/organizations within the economy. Select any three factors from this list and explain how they have impacted your company/organization and what, if any, strategic decisions have been made to address these three factors. Focus on strategic decisions such as

You can consider either NACCO Industries or New York Life Insurance Company

18 factors:

1. monetary policy

2. Fiscal policy

3. psychology of consumers and producers'

4. Availability of critical resources

5. Research and development (Innovation)

6. Domestic and global economic polices

7. inflation/Recession

8. Currency exchange rates and trade policies

9. Emerging economic and political strength of other nations.

10 Advances in technology

11. War/peace

12. Degree of Regulation.

13. Politics and special interests

14. Population growth

15. Distribution of the population

16. Luck or misfortune

17.cyber security

18. Unions.

Product development and positioning in the market

Corporate expansion or downsizing

Marketing and sales strategies

Cost reductions

Outsourcing

Demand and pricing decisions

Any other strategic aspect

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91950467

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