Question: Identify how changes in the external environment affect the Operations Management strategy for a company. For instance, discuss what impact the following external factors might

Identify how changes in the external environment affect the Operations 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 labor market

d) Inflation versus stable prices.

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