Question: Critical Thinking Current Event - General Environment; Industry Environment What is going on in the world? Find a current event (within last six months) that

Critical Thinking Current Event - General Environment; Industry Environment

What is going on in the world? Find a current event (within last six months) that is relevant to one of the concepts covered in lecture. Please include a link to the article and thorough explanation of why it is relevant, what business concepts it is demonstrates, and the significance of the news. This is NOT a summary of the news; this is where you practice and demonstrate critical thinking (a key learning objective of the class). The topics covered this week were:

The General Environment

Trends in the general environment
1. Political
2. Economic
3. Socio-cultural
4. Technological
5. Legal
6. Environmental

The Industry Environment

Five forces of an industry analysis.
1. Threat of new entrants
2. Threat of substitutes
3. Power of suppliers
4. Power of buyers
5. Intensity of Rivalry
Understand strategic groups

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