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.