logo

Global Environment - A Challenge for Organizations and Individuals

7 Pages1475 Words61 Views
   

Added on  2020-10-22

About This Document

Context of Business (Project-1) Contents INTRODUCTION 3 Determine micro and macro environment factors that altered nature of modern business in global environment 3 Reasons for organizations and individuals managing responsibility, sustainability and ethical behaving in respect to social, cultural, economic and environmental issues. The present report discusses the influencing factors of micro and macro environmental factors which forces modern organizations that are operated at global level to bring changes in their business operations so as to achieve strong position in competitive global market. Determine micro and macro environment factors that

Global Environment - A Challenge for Organizations and Individuals

   Added on 2020-10-22

ShareRelated Documents
Context of Business(Project-1)
Global Environment - A Challenge for Organizations and Individuals_1
ContentsINTRODUCTION.......................................................................................................................................3Determine micro and macro environment factors that altered nature of modern business in global environment.............................................................................................................................................3Reasons for organizations and individuals managing responsibility, sustainability and ethical behaving in respect to social, cultural, economic and environmental issues...........................................................5CONCLUSION...........................................................................................................................................5REFERENCES............................................................................................................................................7
Global Environment - A Challenge for Organizations and Individuals_2
INTRODUCTIONGlobal environment is termed as the combination of micro and macro environmentalfactors which makes huge impact on the sustainability and profitability of business organization.The present report discusses the influencing factors of micro and macro environmental factorswhich forces modern organizations that are operated at global level to bring changes in theirbusiness operations so as to achieve strong position in competitive global market. The projectalso examines the purposes of an organization and individuals who performs ethically, sociallyand responsibly with the respect to external environment.Determine micro and macro environment factors that altered nature of modern business in globalenvironmentIn the modern scenario where the competition in market is so high, the modernorganization facing challenges and issues due to fluctuations in global market environment. Suchenvironment consists of several elements or factors which can influence the management of anorganization (Anıl and Ficici, 2017). These elements cannot be easily tackled by the authoritiesand powers of business. Factors which affect the functions of an organization internally areknown as micro-environmental factors whereas the external factors including fluctuations inpolitical and economical conditions are known as macro-environmental factors. Both thesefactors forces modern businesses to make suitable alterations in their business activities andfunctions on timely basis. These factors are briefly discussed as under along with its impact onthe modern business in global environment:Micro-environmental factors:These factors influences most to the functions of an organization but can be controlledand tackled by the management through implementation of an appropriate strategies and policies.Here are the some micro-environmental factors which can either adversely or positively affectthe modern businesses:Customers are considered as lifeline of an organization. Organizations who are operatedat global level performs hard in order to strong their global presence in market and achieve hugeprofitability. They tried to identify and fulfill the preferences, needs and requirements of targetedpeople. For this, the management formulates an effective plans and strategies by which an
Global Environment - A Challenge for Organizations and Individuals_3

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Global Environment Assignment - Doc
|6
|1640
|236

Micro and Macro Environmental Factors - Essay
|7
|1539
|435

Micro and Macro Business Environment : Assignment
|6
|1346
|282

Micro and Macro Factors Assignment
|6
|1366
|471

Micro and Macro Environmental Factors Assignment
|6
|1411
|139

Business Ethics and Sustainability Essay
|11
|1475
|324