Discuss how the following changes in a firm’s external environment would affect its operations management (OM) strategy. What impact would these changes have on OM strategy:

1. Threat of war between Pakistan and India

2. Significant drop in oil prices as a result of new technologies

3. Price deflation in the European Union

4. New federal regulations limiting fossil fuel use

5. Demographic changes leading to fewer young people entering the workforce

6. New federal legislation mandating health-care coverage for firms employing 50 or more full-time workers