• Home
  • Study Resources
    • group1
      • Business
        • Accounting & Finance
        • Business Environment
        • Business Law
        • Business Plan
        • Change Management
        • Economics
        • Human Resource Management
        • Innovation and Entrepreneurship
        • Operation Management
        • Organisational Behavior
        • Project Management
        • Sales & Marketing
        • Strategic Management
        • Business
        • Accounting & Finance
        • Business Environment
        • Business Law
        • Business Plan
        • Change Management
        • Economics
        • Human Resource Management
        • Innovation and Entrepreneurship
        • Leadership & Management
        • Operation Management
        • Organisational Behavior
        • Project Management
        • Sales & Marketing
        • Strategic Management
    • group2
      • Research
        • DBA Thesis
        • Dissertation Undergraduate
        • Dissertation Postgraduate
        • M.Phil / P.H.D Thesis
    • group3
      • Research Proposal
        • DBA Research Proposal
        • Proposal for Undergraduate
        • Proposal for Postgraduate
        • M.Phil / P.H.D Proposal
    • group4
      • Others
        • HND in Business
        • HND in Education
        • HND in health / social care
        • Knowledge Management
  • Blog
  • About Us
  • Contact Us
    • RegisterLogin
    • GET STARTED
Global Coursework
  • Home
  • Study Resources
    • group1
      • Business
        • Accounting & Finance
        • Business Environment
        • Business Law
        • Business Plan
        • Change Management
        • Economics
        • Human Resource Management
        • Innovation and Entrepreneurship
        • Operation Management
        • Organisational Behavior
        • Project Management
        • Sales & Marketing
        • Strategic Management
        • Business
        • Accounting & Finance
        • Business Environment
        • Business Law
        • Business Plan
        • Change Management
        • Economics
        • Human Resource Management
        • Innovation and Entrepreneurship
        • Leadership & Management
        • Operation Management
        • Organisational Behavior
        • Project Management
        • Sales & Marketing
        • Strategic Management
    • group2
      • Research
        • DBA Thesis
        • Dissertation Undergraduate
        • Dissertation Postgraduate
        • M.Phil / P.H.D Thesis
    • group3
      • Research Proposal
        • DBA Research Proposal
        • Proposal for Undergraduate
        • Proposal for Postgraduate
        • M.Phil / P.H.D Proposal
    • group4
      • Others
        • HND in Business
        • HND in Education
        • HND in health / social care
        • Knowledge Management
  • Blog
  • About Us
  • Contact Us
  • RegisterLogin
  • GET STARTED

Economics

Global Coursework has huge resources and study materials for students across the world. It has now over 10 millions documents
  • Home
  • Blog
  • Economics
  • The Macro Environment And Business (GC005)
The Macro Environment And Business

The Macro Environment And Business (GC005)

  • Categories Economics
  • Comments 0 comment

Table of Content

Examination context
Topic List
1 The business environment
2 Environmental dynamics
3 PESTEL analysis
4 The international business context
5 Limits to the globalization of  business

Learning objectives
Explain how a business collects and distributes environmental information in order to manage
its strategy
Analyze for a given situation the external factors which may impact a business’s
performance and identify significant issues in the following areas:
Sustainable development
Global macroeconomic forces
International trade and financial systems
Government policies
Cultural environment
Identify the risks attached to operating a global business
Specific syllabus references for this chapter are 1b, 3g.

Practical significance

The wealth of many European countries, and of the businesses within them, can be attributed to their early
industrialization and imperialism commencing in the 17th century. The USA caught up and overtook Europe
during the early 20th century. From the mid 20th century those gains have been gradually superseded by the
development of emerging economies in Asia and Latin America. These have brought new markets and new
challenges that must be addressed by businesses from the developed economies if they are to survive.

Stop and think

You are early in your career as a professional accountant. Where in the world should you be working in
order to make the best of the opportunities over the next 40 years? Which industries around you are likely
to thrive and which to die?
Exactly the same questions are facing business strategists, albeit on a grander scale.

Working context

Many of your clients will be global businesses, or at least have some form of buying and selling relationship
with overseas firms. Your firm may be required to:
 Assist in transnational audits alongside professional colleagues from outside of your home country
 Assess the extra risks the client runs as a consequence of operating internationally
 Advice on taking-on international contracts

Syllabus links

The environmental analysis was covered in your Business and Finance paper under section 6 of the syllabus.
However, its coverage was at the level of core knowledge. In the Business Strategy examination, you will be
required to apply it.

Our Recommended Resources:

Significance of Micro-Environment And the Context of Economics

Managing Communications, Knowledge & Information

Exam requirements

The scenarios in the majority of exam questions will require you to absorb and understand information
about the external environment in which an organization operates. You will also need to assess the
implications of the environment and changes in the environment for the strategic positioning and strategic
decisions of an organization. To do this you will need to apply your knowledge of the tools and ideas
covered in this chapter.

Importance of management understanding business environment

The environment contains those factors surrounding the organization’. Therefore it includes more than the
‘ecological’ environment. In your answers, you must ensure you discuss environmental factors such as
competitors and legislation as well as factors such as environmental pollution and recycling……….

For Full Documents Click Download Button

Free – Download Checkout Added to cart

  • Share:
author avatar
Editorial Team

Previous post

Significance of Micro-Environment And the Context of Economics (GC004)

Next post

Managing Communications, Knowledge & Information (GC009)

You may also like

Unit 6.3 Economics for Business Assignment
Unit 6.3 Economics for Business Assignment (GC01587)
24 June, 2021
Unit 6.3 Economics for Business Assignment Solution
Unit 6.3 Economics for Business Assignment Solution (GC01588)
24 June, 2021
Strategic Macro-Environmental Factor Analysis
Strategic Macro-Environmental Factor Analysis (GC012)
4 February, 2020

Leave A Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Treading Quarry

    Impact of Information Technology on Employee Performance in Retail Sector (GC02036)
    Impact of Information Technology on Employee Performance in Retail Sector (GC02036)
    11Jan2022
    Unit 16: Managing Communications, Knowledge and Information (GC015)
    Unit 16: Managing Communications, Knowledge and Information (GC015)
    04Feb2020
    Strategic Macro-Environmental Factor Analysis (GC012)
    Strategic Macro-Environmental Factor Analysis (GC012)
    04Feb2020
    Three Types of Economies and Economic Problem of Scarcity (GC011)
    Three Types of Economies and Economic Problem of Scarcity (GC011)
    04Feb2020
    Unit 16: Managing Communications, Knowledge & Information (GC010)
    Unit 16: Managing Communications, Knowledge & Information (GC010)
    04Feb2020
    Managing Communications, Knowledge & Information (GC009)
    Managing Communications, Knowledge & Information (GC009)
    04Feb2020
    The Macro Environment And Business (GC005)
    The Macro Environment And Business (GC005)
    04Feb2020
    Significance of Micro-Environment And the Context of Economics (GC004)
    Significance of Micro-Environment And the Context of Economics (GC004)
    04Feb2020
    Briefly Describe the Term Macro Economics (GC003)
    Briefly Describe the Term Macro Economics (GC003)
    04Feb2020
    HND in Nursing: Group Clinical Supervision (GC002)
    HND in Nursing: Group Clinical Supervision (GC002)
    04Feb2020

    Login with your site account

    Lost your password?

    Not a member yet? Register now

    Sign up for Newsletter

    Become an Instructor

    Join our community of students around the world and sell your courses.

    Learn More

    Our Main Categories

    • Business
    • DBA Research Proposal
    • Research Proposal
    • Research
    • Blog

    Get To Know Us

    • Home
    • Privacy
    • Terms
    • About Us
    • Contact Us

    Contact Us

    • info.globalcoursework@gmail.com
    • +44(0)7805072437
    • 56B Bigland Street, London, E1 2ND UK.
    Facebook-f Twitter Linkedin-in Youtube

    Global Coursework all Copyright Reserved @2020

    • Home
    • Privacy
    • Terms
    • About Us
    • Contact Us
    [miniorange_social_login shape="longbuttonwithtext" theme="default" space="4" width="240" height="40"]

    Login with your site account

    Lost your password?

    Not a member yet? Register now

    Register a new account

    Are you a member? Login now