Every business is affected by its micro and macro-environments. The macro-environment of a business includes all those societal forces which affect the micro-environment of the business for example the economic and the political environment. In the political environment, a government can pass some rules and regulations which may affect a business profoundly. For example, recently Ottawa has shot down a ruling by Canada's telecoms regulator, opening the door for a fourth national mobile-phone operator to roll out its service in Canada. This decision will increase competition in the telecom sector and it may adversely affect the structural attractiveness of the sector. Check out this article relating to this move by Canada and do give feedback.
Saturday, December 26, 2009
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Political environment is a part of an organisation's macroenvironment and involves pressure groups etc this environmental aspect directs entrepreneurs to bring certain changes in policy making, and overall company wide strategic planning is also effected due to this. Nice addition hassan. keep it up.
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