The paper is already typed. The corrections are attached that need to happen and listed as page corrections. The draft example is the sample automotive essay that provides context. I need the writing assignment one updated with the corrections that attached. If not, you are wasting your time getting started in this section. Make sure you understand the definitions, what companies are in the group, how to start laying out your document, etc.2. Perform basic INDUSTRY research for the ENTIRE industry you have been assigned (not just the strategic group) and look for issues by following the PESTEL model’s major categories. Read what the textbook has to say about the PESTEL model and what types of things go into each category. You can also find examples online by just Googling “PESTEL Example” and reading some of the pages that show up. There is a great page at https://www.business-to-you.com/scanning-the-environment-pestel-analysis/ that should give you some good ideas.).3. Perform additional basic INDUSTRY analysis for the industry again, but this time use “Porter’s Five Forces” model. Identify at least 2 major issues for EACH of the forces in the model. (NOTE: Again, this is an INDUSTRY analysis, not a company analysis.)For #2 and #3 above, the following items should help you get started. I expect to see most of these in your work because they are nearly always applicable to most industries:Unemployment rate, disposable income, wage rates, currency exchange rates, inflation rate, etc.Political stability at home and abroad, military strife, effects of administration changes, etc.Changing legislation (state / Federal), changing regulation (FDA, EPA, etc.), court cases, etc.Social and political issues regarding environmental concerns (raw materials, production, waste, etc.).Technological developments, availability of raw materials, barriers to entry/exit, economies of scale/scope, market growth/contraction, etc.Social trends and issues involving the products themselves, generational issues (i.e., old consumers vs. younger, demands consumers put on businesses, demand changes due to consumer preferences, differences in regional demand patterns (flavors in one area vs. another), etc..
