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Respond to post # 1 Ok, for my example, I went to buy new rims and tires for my truck. The rim/tire shop I went to was not in the best of areas, however, it had good reviews, and seemed like a popular place so went for it. I am a 36 yo. woman with primary emperience in dentistry, not tires and sizes, and anything of that nature. Also we all know that the rim and tire industry is a known male doninated industry. Well, I paid what I paid, got the rims, tires, and a leveling kit to go in it. When they pulled my truck out to the front, everything looked great. Before I left the man told me that if I felt like I was driving all over the place that I would need an alignment. WHAT!? This is a new truck with 2k miles on it, why would it need alignment. My point is, I didnt have enough knowledge and information to justify if I got a good or a bad deal. The final thing about the alignment didnt make me feel any better. I didnt go back as I felt that when went over a bump my truck would go any which way so I knew something was up, I ended up going to someone else. I didnt trust them after that even though they knew more information about the transaction. I took the risk, and ended up paying for it in the end even though I had my rims and tires. Had I known that I would need alignment after spending all that money, I would not have gotten the rims. I sold my factorys soon after so was unable to go back to factory. When considering what I have learned in in this course as it related to my current and future work is to try to get as much information before making any big business moves, or taking risks if the profit does not outweigh the loss. I will also take with me the note that there will lots of opportunities for principal agent problems, but if I can find a principal solution, go for it. Additionally, I am looking to make sure that all incentives are aligned before making any transactions moving forward. Respond to post # 2 This course has really opened my eyes on how to analysis a company and look at all internal and external factors with PEST and SWOT. This is some major considerations to help see if success is even an option. Unfortunately sometimes even the original evaluations of a business does not lead to many years of success. A company, needs to be done on yearly bases, so the inevitable of unforeseen closure happens, like the company Pier 1 imports. They filed for chapter 11 in 2020. I am sure covid had some affects on this close, but also a lot of online sales from competitors like TJ Maxx, Wayfair, and Amazon. Pier 1 could have prevented such tragic outcomes if promotion of more online sales would have been initiated sooner than right before closing the doors.