Which external factor is categorized under the macro-environment for drivers of change?

Economic conditions are considered a macro-environmental factor because they encompass the broader economic landscape that affects all businesses within a particular economy. Macroeconomic factors include elements such as inflation rates, unemployment levels, gross domestic product (GDP), and overall economic growth or decline. These conditions can directly impact consumer purchasing power, business investment decisions, and market demand, thereby influencing a company's strategy and operations.

In contrast, factors like management structure, employee feedback, and business resources are more closely related to the internal environment of an organization. Management structure pertains to how a company is organized and operates internally; employee feedback focuses on the domestic responses and insights from staff; business resources relate to the tangible and intangible assets a company controls. These elements, while important for a company’s performance, do not fall under the category of macro-environmental factors that drive change on a larger scale across multiple organizations and industries.