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In: Economics

Imagine that fully aware of the challenges to traditional modes of economic commerce presented by the...

Imagine that fully aware of the challenges to traditional modes of economic commerce presented by the COVID-19 virus and the ramping up of the inevitable political competition between the United States and China that currently threatens any previous cooperation between the two largest economies in the world you have created a strategy that includes the total exclusion of any production dependence on China by switching all to automated U.S. factories, low cost competitors to China (India, Indonesia, Mexico, etc.) you now need to implement this strategy in a way that excites both your workforce and your shareholders. Additionally, you want to lower costs and gain market share.

Question: What elements of your new strategy would require any difference in it implementation from your old strategy?

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