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Micro and Macro Environmental Factors - Essay

   

Added on  2020-10-22

7 Pages1539 Words435 Views
INDIVIDUAL ESSAY
Micro and Macro Environmental Factors - Essay_1
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1Micro and macro environmental factors that changed nature of modern business in globalenvironment............................................................................................................................1Reasons for individuals and organisations to manage responsibly, sustainably and behaveethically..................................................................................................................................3CONCLUSION................................................................................................................................4REFERENCES................................................................................................................................5
Micro and Macro Environmental Factors - Essay_2
INTRODUCTIONThe study will be based on the assessment of micro and macro environment which can bedirectly linked with its success. The report will be based on the operations of differentgeographical area that can be directly linked with the factors. It will also describe the importanceof organizations and individuals in securing environmental, social, economic and cultural issues.Micro and macro environmental factors that changed nature of modern business in globalenvironmentMicro environmental factors are the internal factors that affect the productivity andquality of organizations' operations and employees. These factors can be assessed directly by theapplication of certain specified models and approaches. Micro environment and related factorsneed to be priorly determined to increase the sustainability of businesses. Large organizationsrunning at global level perform all strategic functions to evaluate its micro and macroenvironment to receive high quality of working procedures. CompetitorsCompanies need to focus upon the nature of its competitors and their strengths to achieve highlevel of sustainability in competitive market. Global businesses like Amazon, inhibits number ofcompetitors and it is continuously assessing its competitors which provide it strategic path wayto increase customers' loyalty.The competitors strategies will help in providing suitable ideaabout the strategies and make significant changes accordingly(Hamilton and Webster, 2018)SuppliersSuppliers are the back bone for organizations' operational activities and there must be a properassessment related to the selection of its suppliers. Companies or organizations with effectivechain of suppliers and distributors to attain significant profit margins and real time services tocustomers. For example, suppliers will provide high quality raw material for the productdevelopmnet (Salvioni and Gennari, 2017)CustomersCustomers are the principle factors that affect any global business in terms of its profit marginsand market reputation. Companies continuously offer variant provisions to increase customers'satisfaction and loyalty. (Souto, 2015).Employees 1
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