Reference no: EM133411305

Scenario (Political, Economic, Environmental and Legal Forces):

You are the CEO of a new company that produces organic baby food. The company is based in Canada and is competing in a market dominated by large food conglomerates. Your company has differentiated itself by producing high-quality organic baby food, but you are facing challenges in expanding your market share.

1. Analyze the market structure of the organic baby food industry in Canada. Identify the key characteristics of the market and determine whether it is closer to perfect competition or monopoly. Use economic theory to support your analysis.

2. Evaluate the potential impact of government policies on your company's growth. Consider the economic system in Canada and the role of the government in regulating business activity. Identify any relevant policies or regulations that may impact your company, and assess their potential impact on your ability to compete in the market.

3. Develop a strategy to differentiate your company from its competitors. Consider the potential benefits of innovation, branding, and marketing, as well as the potential costs associated with these strategies.

4. Evaluate the ethical implications of your company's actions in the market. Consider the potential impact of your company's products on the health and well-being of babies and their families, as well as the impact on the environment and sustainability.