Adapting to challenges of the business environment Business Studies Grade 11

Adapting to challenges of the business environment Business Studies Grade 11

Benefits or advantages of Business Involvement in Macro Environment 

• The business can more accurately predict future events, threats and opportunities that may arise 
• The business can contribute to a healthier, more skilled and productive workforce 
• It can protect natural resources and meet consumer needs in a sustainable way 
• The business can contribute to wealthier consumers. 
• Reduced industrial conflict and increase productivity. 
• The business can accurately promote a cause that is a concern to the society. 
• The business can contribute its expertise and resources that can influence the public opinion. This is called advocacy.