Describe the strategic economic questions all firms must answer. Appraise various objectives and economic data needed for an industry analysis from the attached form.
Investigate the economic data in order to determine the competitive environment of an industry.
Interpret economic data in order to create an economic forecast for an industry.
Determine opportunities and risks within the economic analysis.
Critique the economic decision-making process of organizations within an industry for alignment with the VBM.
For the agricultural market you chose in the previous workshop, what are some current and future opportunities and risks for the next five to ten years? How might a manager in this market address both the positive and negative risks? What might a manager do differently if he or she practiced VBM?
Find a generative artificial intelligence program online and input this query, “What are some current and future opportunities and risks for the next five to ten years in the [market you chose] market? How might a manager in this market address both the positive and negative risks? How might a virtuous manager in this market address both the positive and negative risks?”
Some of the better known AI platforms are Viso Suite, ChatGPT, Jupyter Notebooks, and Google Cloud AI. Or you could submit your own Google search for an alternative AI platform.
How to cite AI(new tab) with The American Psychological Association
McAdoo, T. (2024, February 23). How to cite ChatGPT. APA Style Blog. https://apastyle.apa.org/blog/how-to-cite-chatgpt.
How to cite AI(new tab) with Purdue University
Purdue University Libraries and School of Information Studies. (nd). How to Cite AI-Generated Content. LibGuide. https://guides.lib.purdue.edu/c.php?g=1371380&p=10135074.
Scan how the AI’s response is similar or different from your own response. Were you surprised by anything in the AI generated response?
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