Macro Environment Analysis In Business †MyAssignmenthelp.com

Question: Discuss about the Macro Environment Analysis In Business. Answer: The given assignment is about describing the Macro environment analysis in business that includes economic, political and legal environment of a nation. It is important for every business organization to analyze these macro environment elements. From the website of International Monetary Fund it is possible to get detailed information about latest economic changes in the global environment. It is also possible to get the result of the latest research work from different forums, which are analyzed in details in order to provide raw data for business analytics. The latest news or also been published along with detailed analysis of the same. The impact of the news will be viewed, which will help to ensure that the business marketing plans are being implemented in proper way. The website also presents videos of important debate sessions that can raise and highlight essential issues related to economic issues in the global environment. There is also the element of macroeconomic Framework that is being described in the website, which will help the business organization to predict all type of economic trends. This will help ensure that proper intervention measures are being taken by the business organization to deal with all type of unfavorable business environment. This is combined along with the legal complexities that every business organization may have to face under any given situation (IMF -- International Monetary Fund Home Page, 2018). Research works that are published in the website of International Monetary Fund are highly reliable as they are verified along with proper reviews of economic experts from all parts of the globe. There is also the section of commodity prices, where it wills possible to get detailed information about the foreign exchange rate. Future prediction is done by properly calculating and researching about the past trends in rate of inflation and changes in the foreign exchange rate. Major focus is given up on the market price of Petroleum products, which is believed to have a significant effect upon the foreign exchange rate. The website is also effective in raising issues related to energy crisis and global warming which is considered to be the major cause of concern for the modern global society. One of the important sections in the website of International Monetary Fund is about the international trade policies which differ from various Nation across the globe. This policy is needed to be compared and analyzed in order to conduct international business. This is highly relevant in the matter of maintaining future growth and economic sustainability. The major aim of the state policies is to ensure that poverty in all the developing nations is being minimized. It is important for every business organization to analyze the trade policies in order to implement the policies of Corporate Social responsibilities. This will help them to develop and expand the international market for future sustainability and growth (IMF -- International Monetary Fund Home Page, 2018). Hence, the website of International Monetary Fund do contains enough information related to the Global economic environment that need to be analyzed carefully before setting up an international business. Nevertheless one of the major drawback of this website is due to the fact that into not contain in a political information that is directly linked to all type of economic policies being implemented in the global environment. References IMF -- International Monetary Fund Home Page. (2018). Imf.org. Retrieved 25 March 2018, from https://www.imf.org/external/index.htm