Assignment Task
Learning Outcomes
a) Examine the influence of the external environment on organisations.
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Get Help Now!b) Identify and apply appropriate frameworks and tools to the problems and challenges faced by organisations.
c) Research and relate industry specific factors to the organisation decision-making process.
d) Apply a relevant framework(s) to evaluate the micro and macro environmental influences on an organisation.
Instructions:
Choose an article about an Australian or international business still in operation published within last three months from submission date of this assessment from the listed sources (choosing an article older than this period will result in an automatic fail for this assessment). Write a report identifying and analysing any relevant information about the macro environmental factors of the organisation from the chosen article incorporating the following:
• Identify macro environmental factors that influence the chosen business specifically. These factors may include but are not limited to changes in political, environmental, social (ethical), cultural, technological, legal (government regulation in both domestic and foreign country), economic factors (inflation, unemployment, income levels, economic growth, foreign exchange rates, international trade policies, foreign investment restrictions, taxation, etc) environment. Analyse their impact on business that may be in terms of but not limited to changes in business performance, structure, policies, profitability, reputation, growth and market share.
• Propose solutions to challenges to counter prevailing/potential risks within macro environment of the business.
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