Question: Identify how changes in the external environment affect the OM (operation management) strategy for a company. For instance, discuss what impact the following external factors

Identify how changes in the external environment affect the OM (operation management) strategy for a company. For instance, discuss what impact the following external factors might have on OM strategy:

a) Major increases in oil prices.

b) Water- and air-quality legislation.

c) Fewer young prospective employees entering the labour market.

d) Inflation versus stable prices.

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