Question: 2: Managing in a changing environment [40] 2.1 Briefly explain the meaning of the economic environment. (5) 2.2 Define the macro-environment of a business. (5)

2: Managing in a changing environment [40] 2.1 Briefly explain the meaning of the economic environment. (5) 2.2 Define the macro-environment of a business. (5) 2.3 Evaluate various management challenges facing managers today. Conduct relevant research on Vodacom, which is a leading African communications company. Consider the points in 2.3.1-2.3.3 below in your research (Include all references and in-text citations, marks will be awarded accordingly). 2.3.1 Provide the information you researched about Vodacom, and list three challenges in the economic environment that have a direct influence on the long-term profitability of this company. (16) 2.3.2 Write a short report (half a page) in which you describe the macro-environment in which Vodacom has to survive. (7) 2.3.3 Provide three examples of the ways in which Vodacoms top management has prepared the company for changes in the business environment. (7)

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