Assignment ContentReflectionCompetency 1 Reflection: Analyze the needs of organizations within a changing global business environment.Respond to the following in a minimum of 500 words: The global business environment is constantly evolving based on the forces in the general and task environment. In order to sustain the company and maintain a competitive foothold, organization leaders must consistently analyze the global environment and adjust their strategy as needed. Managers play an important role in implementing strategies to achieve a company’s mission and goals.Consider the four functions of management (e.g., planning, organizing, leading, and controlling). How would you characterize your current or past supervisor’s approach to management? Consider these questions in your response:Which particular management tasks and roles does this person perform most often? What kinds of management skills does the manager have?How does this approach affect a global environment? Now that you’ve considered the approaches to management, you can focus on the strategy that is affected by the management team. Research a company with stockholder reports available. These reports can usually be found on a company’s website. Use the report to answer the following questions:What is (are) the main industry(ies) in which the company competes?What business-level strategy does the company seem to be pursuing in this industry? Why?What corporate-level strategies is the company pursuing? Why? Have there been any major changes in its strategy recently? Why?Include citations in your response.

ScenarioYou are a production manager for Gold Corporation, a manufacturing company that manufactures bottles of liquid soap. The equipment you are using is over 20 years old, having been purchased when liquid soap first entered the retail market. While the equipment still works, you incur $100,000 annually in maintenance expenses because the equipment is old. You presently produce 1 million cases of liquid soap per year. This soap sells for $3 per case. Given the age of the equipment, you anticipate a decline in production of 50,000 cases in each of the next five years because of breakdowns in the equipment. You have been researching new production equipment and have found a new machine that will reduce annual operating costs to $48,000 per year and allow an increase in production over the 1 million cases presently being sold by sales and marketing. In conversations with sales and marketing, management believes that they can increase sales by 1% per year for the next five years. The new machine will have a fully loaded cost of $370,000, and an expected useful life of 5 years with no salvage value. The old machine can be sold today as scrap for $5,000.InstructionsPrepare a 6-10 slide PowerPoint presentation for management to demonstrate the following:Develop a schedule of projected cash flows using current equipment including the reduction in future sales.Develop a schedule of projected cash flows using discounted cash flows for the proposed new equipment.Analyze the projected cash flows and evaluate the feasibility of the proposed capital investment.Make a recommendation on the course of action management of Gold Corporation should take regarding the capital equipment used in this manufacturing process.