Analysis Of The Micro And Macro Environment

SECTION A
QUESTION 1
1.1 macro is the issues in business can represent any item or issue not directly controlled by the company, Availability of raw materials, government laws and regulations, number of eligible employees available to hire and the threat of competition can be just a few major forces that separate the micro and macro environment. Companies will often identify these factors and create policies that help them cope with the potential problems that may arise with each one. Studying the macro environment may also require the help of outside consultants more in tune with the changes of this environment.

Political
Political macro environment factors include things like tax policies, government-issued safety regulations, and the availability of government contracts. International laws, such as trade agreements, which may affect the supply and demand chains and available markets for many different companies as well in the future “the government sets limits to reduce emissions from vehicles to control what pollutants are legal, putting pressure on car manufactures”. the government can set taxation rule to encourage certain businesses or types of business to operate in their country” ”the recession meant a fall in demand for many organizations products, including Johnson Matthey”tax credits are given to the business that invest in R&D to create new products and techniques.’’
Economic
A market boom, recession, or growing inflation problem can all change the way an organization plans for the future and operates in the present. Unemployment levels, comparative foreign exchange rates, and the state of the global economy can all help or hurt a business' ability to get needed components and maintain a stable profit.’’ After t...

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...nt but not overwhelmingly so. Common law in most states affords entrepreneurs a certain degree of trademark and copyright protection just from using their brands. Entrepreneurs, though, cannot recoup money beyond damages under case law. Choosing to Hire Employees or Contractors For starters, hiring these workers translates into lower overhead, since freelancers don’t require office space, benefit packages or other perks associated with full-time employment. Employers who hire these workers also aren’t required to withhold income taxes, Medicare and Social Security on the workers’ behalf realities that translate into operational savings across the board. Downside to independent contractors is that they put their own interests above those of the company as a whole. It’s their very nature. Finally, of course, there’s the risk of misclassification in the eyes of the IRS