Accounting technicians scheme west africa
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- B.3.2 General/Mega Environment
- (i) Political environment
| (v) Labour Supply An organisation’s labour supply represents those who are potentially employable by the organisation. The ability to attract, motivate and retain the human resources necessary to fortify the competitive position of the company is a crucial variable for most organisations. Every company needs some individuals with some special skills and knowledge to make them competitively relevant. It is important for management to monitor developments with respect to individuals possessing these special skills and knowledge. Management should endeavour to know the supply rate of these categories of persons, the period of training to acquire the skill or knowledge, other users of the skills and knowledge, cost of such skills and knowledge and possible sources of supply of such skills and knowledge, possible substitute of the skills and knowledge in a period of dearth of supply of the said skills and knowledge. B.3.2 General/Mega Environment The elements of the general/mega environment can be summarised in the following acronym, PESITEL which stands for P Political environment E Economic environment S Socio-cultural environment I International environment T Technological environment E Ecological environment L Legal environment (i) Political environment Every good government should ensure that there are structures in place for the maintenance of law and order, provision of basic infrastructure and security of life and property to create an atmosphere where meaningful business activities can thrive. The government should also ensure that its policies, laws and regulations should help to accelerate and improve the welfare of the society. In view of the foregoing, business organisations that are armed with the policy thrust of the government are able to anticipate the pulse and direction for the government and thereby adjust their operations accordingly. 30 However, in times of political instability, there is a situation of policy instability and uncertainty from the point of view of business organisations. In addition, inmost developing nations like Nigeria, Ghana, Liberia, Gambia, etc, a change in government does not always follow clear-cut procedures. Frequent changes in government, especially during military dictatorships, also create unnecessary tensions and uncertainties. Download 3.37 Mb. Share with your friends:
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