Challenges of the Business Environments (Grade 11 NSC Matric Business Studies): Flashcards
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Metaphor for interconnected business environments
Metaphor for interconnected business environments
Spider web
Retrenchment definition
Retrenchment definition
Reducing employees to cut operating costs
Lobbying definition
Lobbying definition
Seeking to influence government decisions/policies
Infrastructure definition
Infrastructure definition
Physical structures like buildings, roads, technology
Ripple effect in business environments
Ripple effect in business environments
Change in one environment impacts the other two
Long-term business survival requirements
Long-term business survival requirements
Monitor, respond to & influence all 3 environments
Community-based macro environment engagement
Community-based macro environment engagement
Job opportunities & social responsibility programmes
Financial benefit of macro involvement
Financial benefit of macro involvement
Positive publicity & attract skilled employees
Strategic benefit of macro involvement
Strategic benefit of macro involvement
Anticipate challenges & attract top investors
Government tenders definition
Government tenders definition
Govt contracts paying agreed prices for goods/services