Business Studies Grade 11: Macro environment extent of control Notes

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Macro environment extent of control Notes, Macro Environment This environment is outside the micro environment and markets. Organizational level A company’s degree of influence over its business environment.

Ways in which businesses can be involved in the macro environment 

  • Influencing suppliers by signing long-term contracts.
  • Creating new uses for a product by finding new customers.
  • Influencing regulators through lobbying and bargaining.
  • Initiating bargaining sessions between management and unions.
  • Influencing its owners using information contained in annual reports.
  • Negotiating strategic alliance agreement through contractual processes.
  • Knowing government regulations and operating within them.
  • Keeping up with new technologies to improve production and marketing.
  • Lowering its impact on the environment.
  • Entering the global market by using the internet to source suppliers and customers.
  • Working within the law to set up contracts.
  • Taking advantage of economic changes such as exchange rate, tax breaks. .
  • The business can stay informed about the challenges and developments in the macro environment and can adapt to challenges quickly.
  • Entering the global market by using the internet to source suppliers and customers
  • Working within the law can assist the business to set up contracts.
  • Getting involved in research/development so that they can continue to operate.

 

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