Analysis Of Micro And Macro Business Environment - 2754 Words

Analysis of Micro and Macro Business Environment Market Structure Submitted by Haleema Sadia Student ID Number: 9740 ECONOMICS FOR BUSINESS Post Graduate Strategic Diploma (Level 7) Submitted to: Finance and Technology Institute of London 2015 Activity one: 1.1Explain the importance of the micro-economic environment to business organisations: Microeconomics looks at how individual players in the economy, such as households and firms, interact. It focuses on the impact that their economic choices have on the allocation of scarce resources to meet unlimited demand. These interactions match what one party wants or demands in economic term and what the other gives in exchange (supply). Each time someone buys a chocolate bar from a newsagent or undertakes the morning paper round, there’s an interaction between supply and demand (ESRC). (P) Demand curve Equilibrium point of DS Supply curve (Q) Fig1.1: equilibrium of consumer demand curve and firm’s supply The Above picture clearly illustrate that where the Demand and supply curves intersect, that is called equilibrium point of demand and supply where consumer demand is equal to supply from firms or production sector and Q shows quantity and P shows price. The collective way of all the decisions on demand and supply, use of resources and opportunity costs made by millions of people or firms sets the price for goods, services, assets and labour demand and supply therefore form the main principleShow MoreRelatedPart 1 Introduction to Macro Micro frameworks: The Business firm consist of a set of internal800 Words   |  4 PagesPart 1 Introduction to Macro Micro frameworks: The Business firm consist of a set of internal factors and is confronted with a set of external factors (i.e., Environment). This is the relation between a firm and its environment. Business environment (external factors) is classified as (1) Micro Environment (2) Macro Environment Micro Environment: The micro environment consists of the factor of the firm’s immediate environment, i.e. a) Suppliers b) MarketingRead MoreThe Micro Environment1504 Words   |  7 PagesCHAPTER 3: THE MICRO ENVIRONMENT MGMT 488 – STRATEGY AND POLICY OVERVIEW The micro environmental analysis is the second step in creating the Environmental Analysis. The micro environment examines the general business climate as it relates to the organization within its industry. The micro environment is also known as Porter’s Five Forces of Competition. The macro environment is primarily concerned with major issues and upcoming changes in the environment. The analysis looks at five areas of interestRead MoreMarketing Micro and Macro Environmental Factors1669 Words   |  7 PagesMacro and micro environments both fall into the categories of environmental scanning. The general scope of environmental scanning is that it is a component of global environmental analysis. While analyses are typically carried out on the macro environment, the micro environment still has an important role to play. In summary, the macro environment is involved with the industries, companies, markets, clients and competitors, while the micro environment can be represented by the suppliers, competitorsRead MorePolitical Risk948 Words   |  4 Pagescomplications businesses and governments may face as a result of what are commonly referred to as political decisions—or â€Å"any political change that alters the expected outcome and value of a given economic action by changing the probability of achieving business objectives.†.[1] Political risk faced by firms can be defined as â€Å"the risk of a strategic, financial, or personnel loss for a firm because of such nonmarket factors as macroeconomic and social policies (fiscal, monetary, trade, investment, industrialRead MoreMicro and Macro Marketing946 Words   |  4 PagesMICRO AND MACRO MARKETING ENVIRONMENT Introduction Micro marketing Refers to the internal controllable factors or forces which affects the ability of a company to serve its customers. e.g. the organization, the market, the suppliers, market intermediaries and the marketing mix. The micro marketing environment that surrounds organisations can be complex by nature, however the company has an element of control over how it operates within this environment. Macro marketing Refers to the externalRead MoreElements of Small Business Environment1534 Words   |  7 PagesELEMENT OF THE SMALL BUSINESS ENVIRONMENT Entrepreneurship Individual Assignment THE ELEMENT OF THE SMALL BUSINESS ENVIRONMENT Entrepreneurship Individual Assignment NGUYEN THAI HA B0074 - BA505 ETR401   |   LECTURER: MR. NGHIAHT NGUYEN THAI HA B0074 - BA505 ETR401   |   LECTURER: MR. NGHIAHT CONTENTS I. INTRODUCTION of ENVIRONMENT II. INTERNAL ENVIRONMENT III. EXTERNAL ENVIRONMENT 1. Task Environment 2. General Environment IV. CONCLUSION Read MoreThe Micro And Macro Effects On The Groups And Their Function848 Words   |  4 Pagesinto the organization. There are more than a few ways that a company can be viewed and in which the information can be described. It really be subject on the way that they are doing the research. In this situation we are going to discuss the micro and macro effects on the groups and their function. This part is supposed to be a mixture of psychology, sociology and communication studies and is done to benefit the companies and firms purpose at a greater level of proficiency. OrganizationalRead MorePest Analysis : Pest And Porter s Five Forces1314 Words   |  6 PagesAccording to Mind tools (n.d.). PEST Analysis, PEST and Porter s five Forces each analyze different aspects of a business. PEST (Political, Economic, Socio-cultural and Technical) factors are often considered to gauge the expected impact of business decisions, and the likelihood that the trend set will continue in a particular direction. PEST analysis allows a company to determine if the resources and capabilities used by the company support the company s opportunities, or diminish existing threatsRead MoreMicro And Macro Environment Of The Company1590 Words   |  7 Pagestypes of analysis a company should look at when considering a new project, the more you look into the business environment for your company the better equipped you will be to bring forward a project that will be successful, in this section we’ll be looking at the micro and macro environment of the company through pestle and porters five forces. Also looking at why robust information and research is important how stakeholder analysis works along with constraints analysis. 1. Micro and macro Theâ€Å"microenvironmentRead MoreComplexity Leadership For An Education Mnc1698 Words   |  7 Pagessense of knowledge and cultivating this throughout the organization, rather than a few leaders with the knowledge is required in leading a complex adaptive system (Best, 2014). This paper analyzes macro, meso, and micro level leader interactions in leading complex adaptive organizations; an analysis of traditional and complexity leadership theories, with a mix of traditional and complexity leadership applied to a large knowledge worker based multinational education company. Traditional command