running a study on automobile industry which includes Sociocultural Forces , global political forces, Global economic forces and Technological forces including threats and opportunities for each force

Job ID: 37391505

Budget: $10 – $30 USD

you should at a minimum evaluate GDP, inflation/deflation, probability of recession, strength of the dollar, interest rates, exchange rates, oil prices, etc., to determine the threats and opportunities that will be eventually hitting the industry.In the area of political/legal forces, what about legislation requiring MPG? EV subsidies? Recent government actions (i.e., export controls) in China? The war in Ukraine? Middle East? An impending government shutdown in the U.S.? In the technological forces area, is AI an opportunity? Threat? Both? And where is society headed and what threats and opportunities will those directions create for the industry? Analyze the four forces in the broad/remote environment and then specifically identity the numerous threats and opportunities for the industry. Don't just allude to them. Based upon your analyses, state them clearly. We have to identify all of the threats and opportunities emerging from the broad environment, so that we can figure out how to mitigate those threats and exploit those opportunities in later steps of the strategic management process. If our environmental analyses are insufficient, our eventual strategic plan will also be insufficient.