Macro and Micro Environment About Essay

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Technological forces -- numerous technological advancements have been made that allow the organizations to increase their operational efficiency, market coverage, quality of products and services, all to lead in superior levels of profitability.

Legal characteristics -- the business legislation is continually modifying, often implying additional costs for the companies, which have to spend increased time and resources to understand and comply with the new regulations; examples could include new laws regarding fiscal pressure or advertising regulations.

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Environmental features -- there is a growing focus on environmental concerns and a real trend in both society as well as legislation to deliver environmentally-friendly products and services. Ways in which these concerns could affect West End include financial pressure to purchase more energy-efficient technologies or to use organic commodities in their manufacturing processes.

Reference:

Website of the London West End, http://www.westendlondon.com / last accessed on May 26, 2009.....

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