Discuss the financial, economic, regulatory, sociopolitical and technological factors as they relate to a dynamic business environment.

Purpose: The Project is a cumulative project. The paper is an opportunity for students to demonstrate how well he or she comprehends the course materials/concepts. Students will apply various concepts learned throughout the course to the presented situation. Outcomes Met with This Project:Discuss the financial, economic, regulatory, sociopolitical and technological factors as they relate to a dynamic business environment.Identify the critical business functions and how they interact in order to position the organization to be effective in the current business environment. Case Scenario:Carlos Rodriguez is retiring early from his management job in publishing due to a business consolidation in his industry. Because readers are moving to online formats for purchasing books and magazines, Carlos is not interested in staying in that industry. Since Carlos is only 53 years old, he is not ready to retire. He and his brother, Julio, enjoy cycling, running and occasionally entering triathlons together and train together frequently. Carlos has noted that it is difficult finding affordable quality equipment for his hobbies and believes that if he opened a brick and mortar store, he could have a successful business.Julio has also expressed some interest in being a part of this new business, but he and Carlos have not discussed the arrangement in detail. Julio expressed concern about the role he would play in the business and admits to being hesitant about being an owner. In addition, Carlos is not sure he wants to go back to work full-time and thinks he could run this business without it encroaching on his training time.Carlos was given a severance package of $50,000 and other than a $1800 house payment, does not have any other personal financial obligations. He is single and his only child is grown and lives away from home.