Macro Sources of Change definition is?

If you perform a task repeatedly in Microsoft Excel, you can automate the task with a macro. A macro is a series of commands and functions (function: A prewritten formula that takes a value or values, performs an operation.

Agree with all ____________

Macro sources of organizational change:

• Economical environment. Around your company there are competitors, suppliers, different interest rates, unemployment rates, income settlement, credit policy, gross domestic product, inflation, the level of international trade… All these things will have high influence on companies and the need for changes in the organization. You need to track them in order to make the right decisions for change.
• Technological environment. Technology is simply the use of knowledge, methods and techniques that transform the inputs into the outputs of the organization. The rate with which technology as external source of organizational change can influence on organization varies from industry to industry. As an entrepreneur you will need to follow the development of new technology in your industry and use the latest achievements in technology development in your own business. Because of that technology will require organizational changes.
• Socio-cultural environment. Socio-cultural environment as the external environment or source of organizational changes contains people’s values, habits, norms, attitudes and demographic characteristics. Every society has different sociocultural characteristics based on the region, ethnics, settlement, etc. All of these factors will have high influence on the way how your business operates or will operate in the future.
• Political environment. This area as an external source of organizational change deal with the laws and bylaws retrieved by the parliament as well as regulations issued by the government. Political area contains elements such as legislation, government stability, strikes, political situation in neighbour countries, taxation… These sources of organizational change must be respected by entrepreneurs and incorporated in the work of their companies.
• International environment. Country where an company operate is a narrower environment of that company, but the wider environment is international environment. This environment recently had an increased impact on the business because of the increasing globalization of markets. What happens on the global market affects every business. The global crisis presents an example, which currently holds the whole world.