challenges of bussiness and the enviroments and to overcome

Micro Challenge: Trade unions

Communicate with trade unions and be aware of the legal rights of the workers. [1]

Micro Challenge: Outdated goals

Test that organisational goals are relevant to the market and macro environments. [1]

Micro Challenge: Strikes and go-slows

Deal with employees' dissatisfaction as this could disrupt daily operations. [1]

Market Challenge: Regulators

Conform to the requirements of regulators in the industry (e.g. ICASA, NCR, CIPC). [2]

Market Challenge: Shortages of supply

Ensure that there are adequate supplies to carry out the functions. [2]

Market Challenge: Competition

Be aware of competitors and their prices, influences and operations. [2]

Macro Challenge: Micro lending

Be aware that there is limited regulation of micro-lending practices in South Africa. [2]

Macro Challenge: Political changes

Be aware of the negative effect that political instability has on consumer and investor confidence. [2]

Macro Challenge: Technological advancements

Stay up-to-date with new technological developments. [2]

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