EBK OM
6th Edition
ISBN: 9781305888210
Author: Collier
Publisher: YUZU
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Chapter 1, Problem 10PA
Summary Introduction
Interpretation:Impact and challenges posted on operations management by a friction-free economy.
Concept Introduction:The ideology of friction-free economy was first brought under the spotlight by a much known personality in the field of information technology. According to him, internet style electronics would continue to lower the frictions in the economy in the times to come. Accordingly, a friction-free economy is one that has no or minimal barriers with regard to economic operations at global level.
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Having completed the analysis of the internal assessment, it is critical that Peter understands how changes in the macro-environment can impact his business. Apply the PESTEL framework to Peter’s operations. You can use your country as an example when discussing the PESTEL factors. Information from the scenario must be included to support the discussion.
Operations Management CH 11
Please show work and explain. Thank you.
Question 17, Part C
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