100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
MNG4801 Assignment 2 (COMPLETE ANSWERS) 2024 (276844) - 19 July 2024 R47,11
Add to cart

Exam (elaborations)

MNG4801 Assignment 2 (COMPLETE ANSWERS) 2024 (276844) - 19 July 2024

 4 views  0 purchase

100% TRUSTED WORKINGS, EXPLANATIONS & SOLUTIONS

Preview 2 out of 9  pages

  • June 12, 2024
  • 9
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
All documents for this subject (38)
avatar-seller
examexpert01
MNG4801
Assignment 2
(COMPLETE
ANSWERS)
2024 (276844) -
19 July 2024
CONTACT: biwottcornelius@gmail.com

, Question 2: 2.Critically analyse the macro-environment of The Shoprite
Group. As part of your analysis,you should first, provide a brief theoretical
discussion of change in the external environment.Then, critically analyse the
effect of change on the factors and forces in the macroenvironment evident in
the Shoprite case study. Conclude your discussion by advisingsenior
management at Shoprite on the measures they can take to
assessmacroenvironmental turbulence. <Your answer must not exceed 2 ½
pages> Total: [20]

Analyzing the macro-environment of a company like The Shoprite Group involves
understanding the various external factors and forces that impact its operations. Let's start with a
brief theoretical discussion of change in the external environment before delving into the specific
case of Shoprite.

Theoretical Discussion of Change in the External Environment:

The external environment of a company consists of numerous factors that are beyond its control
but can significantly influence its performance and strategic decisions. These factors can be
categorized into several broad categories, including economic, technological, socio-cultural,
political/legal, and environmental (often referred to as PESTLE analysis). Change in any of these
areas can create both opportunities and threats for a company.

Change in the external environment is inevitable and occurs due to various reasons such as
technological advancements, shifts in consumer preferences, changes in government regulations,
economic fluctuations, and global events. Organizations must continuously monitor these
changes and adapt their strategies accordingly to remain competitive and sustainable.

Analysis of the Macro-Environment of The Shoprite Group:

1. Economic Factors: Economic fluctuations, such as changes in GDP growth rates,
inflation, and currency exchange rates, can significantly impact Shoprite's performance.
For instance, during economic downturns, consumers may opt for cheaper alternatives,
affecting Shoprite's sales and profitability.
2. Technological Factors: Rapid technological advancements in the retail industry, such as
the rise of e-commerce and digital payments, pose both opportunities and threats for
Shoprite. Embracing technology can enhance operational efficiency and customer
experience, but failure to adapt may lead to loss of market share.
3. Socio-Cultural Factors: Changes in consumer preferences and lifestyles influence
shopping habits. Shoprite must stay attuned to socio-cultural trends, such as the growing
demand for healthy and sustainable products, and tailor its offerings accordingly to meet
customer expectations.
4. Political/Legal Factors: Changes in government regulations, such as tax policies and
trade agreements, can impact Shoprite's operations, particularly in regions where it

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying this summary from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller examexpert01. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy this summary for R47,11. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

52510 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy summaries for 14 years now

Start selling
R47,11
  • (0)
Add to cart
Added