Businesses are influenced significantly by the macro environment. If the environment is stable, then it has positive impacts on the organisational aspects, and when it is unstable, then it has adverse effects. In the world, organisations operate in accordance with the scenarios and forecasts about the future, which comprise certainties and uncertainties. But as much as organisations are concerned about uncertainty, there is another thing that organisations are careful about, and it is the conditions of the macro environment. The instability in the macro environment seems to occur from political dysfunction, extremism, and political gridlock. That is the reason why various emerging markets in Oman either repel or attract foreign investors. It is a well known fact that countries having more political stability and better social system, attract more foreign investors than developing world, where economy is always in danger, because political stability is always hovering around. So, if Oman will have issues with regards to its political stability, it will certainly create issues for Oman Chamber of Commerce. It is hard for Oman Chamber of Commerce to attract foreign investors, because investors never take risk of investing money in unstable economic and political conditions (Valeri, 2015).

There are some significant examples which indicate how social and political stability can help both the organisations and the national economy. India and China are the countries which still attract a large number of foreign investors because they are stable both socially and politically. Although there are sporadic moments of social unrest in some specific regions, countries are still attractive on a whole level. The reason why organisations and corporations seek out political stability is that once they acquire the licenses and permits for operating in states and regions, huge sums of money are invested by them in structuring and setting up facilities. Furthermore, during the whole process of obtaining assets and land, they require the government to cooperate with them for facilitating this process. Other than this, organisations are often forced to change their geographical locations as well, and it has a severe negative effect on the revenues of organisations. In other words, political instability affects not only operations but also profits. Even sometimes, whole investment is in danger of unrest and bad political conditions, especially in areas, where war crisis occur. So, investors will always play safe in this regard, and they will invest in countries with utmost political stability with good economic indicators.

At present, in Oman Chamber of Commerce is suffering from the lack of foreign investments and foreign investors. There is political instability in the nation, and it is repelling multinational organisations from operating in the area in a collaboration with the authority. As it has been described above, a stable environment is favoured by firms because they don’t have to face issues like changing the location and complying with the strict regulations. Due to it, there are not many foreign investors who are willing to work in Oman. Considering the fact that OCC is responsible for managing the organisations working with it and its contribution to the national economy, it is important for it to operate with multinational firms. If they are not attracted by the circumstances of Oman, they will not work there and definitely not operate with the Oman Chamber of Commerce. If this continues, the framework of OCC will not be able to operate properly. It will not be able to collaborate and manage other organisations and mutual goals will not be pursued. With time, it will result in the loss of revenues and the whole authority will not be capable of practicing control. Overall, this issue must be dealt with as soon as possible because it is directly impacting Oman Chamber of Commerce. The political unrest and instability makes life miserable for Oman Chamber of Commerce, because their job becomes hard with such circumstances. It becomes difficult for representatives of Oman Chamber of Commerce to keep things on right track by convincing foreign companies that their investments in Oman will get them good return in investment, and they should consider making huge investment. But they will have to ensure foreign investors that their money will be safe in terms of any unforeseen circumstances (Peterson, 2016).

References of Strategic Issue Faced by Oman Chamber of Commerce

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