![]() ![]() ![]() These robust results are consistent with the theory of strategic positioning. The link between macro environment dimensions and intention to invest was strengthened via the interaction effect of supply chain resilience. Moreover, the research findings revealed that supply chain resilience moderated the relationship between macroenvironment dimensions and intention to invest. Our indicative evidence suggests that political factors, economic factors, environmental factors and technological factors are related to SMEs intentions to invest in the down stream oil and gas. Using Partial Least Square method we analyze cross sectional data across Ghana's SMEs spectrum between the periods 2017–2018. ![]() The study also, examined the conditional effect of micro environment dimensions on intention to invest at different levels of supply chain resilience. Specifically, macro environment model has been developed wherein an important exogenous context (supply chain resilience) variable has been considered and studied its moderating effect on the relationship between macro environment dimensions and intentions to invest. How does a company prepare for macro environmental factors? Is there any way to hedge against these risks so they have less of an impact on the company? Incidents like natural disasters cannot be predicted, making them very hard to plan for.Following a theory of strategic positioning perspective, this paper aims to explore the operating context in which dimensions of the macro-environment factors are likely to enhance Small and Medium Enterprise's (SMEs) intentions to invest in the Ghana's’ downstream oil and gas sector. The best way for a business to manage these risks is not to let them catch it off guard. The trick is to balance these risks and redundancies so that a business is maximizing profit for the least risk. Once a business can analyze these factors, they can implement strategies to mitigate these risks.įor example, establishing multiple resource streams so production is not completely shut down in case of a disaster. Using a PESTEL or STEER (Socio-cultural, Technical, economic, ecological, and regulatory) analysis can help a business identify how each of these factors would affect their price, product, production and place in the market. Businesses with god leadership will recognize threats through analysis. May 16, Although you cannot always prepare for environmental problems, you can minimize their damage. ![]() A company may survive a black swan incident in a nation like the United States or Japan, but would be hard pressed to do the same in a less developed country where the geopolitical climate is more risky. The only protections against these types of incidents would be institutional safeguards and robustness put in place within a nation. These events cannot be predicted or mitigated at the organizational level. The four factors of a black swan incident are:Ģ) The incidences cannot be predicted with empirical probabilitiesĤ) People often have hindsight bias once these events occur. These events share four common characteristics, and are almost always devastating in nature. Black swan incidents are completely unpredictable and cannot be foreseen. May 17, There are events that even PESTEL Framework will not protect against. As climate change gets worse this will only become a bigger problem. I think I heard recently that the average disaster response costs $11 billion. Recovering from these disasters is also expensive for the government. Just in the last year there have been storms, droughts and other unexpected weather events that have disrupted businesses across huge areas. That environmental one really stood out to me. What kind of macro event was the global economic collapse of 2008? It seems like this was a bunch of things going wrong at the same time, but they must have had some ultimate, overarching cause. What are some issues evolving in the macro business environment which may impact, positively or negatively, ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |