Question: Identify how changes in the external environment may affect the Operations Management (OM) strategy for a company. For example, what impact are the following factors

Identify how changes in the external environment may affect the Operations Management (OM) strategy for a company. For example, what impact are the following factors likely to have on OM strategy?

a. The occurrence of a major storm or hurricane.

b. Terrorist attacks of 9/11/01.

c. The change of government in the US

d. Trade Legislation such as WTO and NAFTA and changes in tariffs and quotas.

e. The rapid rate at which the cost of health insurance is increasing.

f. The Internet.

g. The coronavirus pandemic

2. Operations managers are called upon to support the organization's strategy. OM does this with some combination of one of three strategies. What are these three strategies and how does it help organizations achieve a competitive advantage? (Differentiation, Cost leadership, and Response)

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