Introduction. The Single Euro Payments Area is a payment-integration project of the European Union. SEPA is aiming to create an integrated euro payments market and to harmonize the national and crossborder euro payment systems, making cross-border transactions as simple and cheap as national ones. The SEPA regulations is aiming to increase harmonization, through using of common payments formats and computer languages.
Aim of the study. The goal of using a common standard in the industry in order to facilitate interoperability among systems and infrastructures, will be more and more important. In this view, standardizing messages across institutions and companies has never been more important. The ISO 20022 provides interoperability and consistency to a highly complex industry, thereby reducing the risk of errors and speeding up processes.
Keywords: SEPA, payments, ISO 20022, infrastructure, interoperability.
Introduction. The macro environment refers to that side of the external environment that has the capacity to influence the companies’ activity, while acting indirectly through their microenvironment. Additionally, the macro environment’s influence can be remarked especially on a long-term perspective, being sometimes weak and somewhat uncontrollable. In this regard, some examples can be offered, such as: the unexpected activity of the volcanoes (especially after being “asleep” for a longer period of time or even after declared “inactive”); the unexpected devastating and destructive natural phenomena, such as, typhoons, hurricanes, tornados, or even floods;the unpredicted droughts; and economic phenomenon having the capacity of spreading world-wide a high and unexpected pace, such as the global financial crises.
Aim of the study. This paper focuses on the companies’ economic, social and research – development – innovation potential in terms of the macro environment. Moreover, the study takes into considerations the nowadays key elements, perspectives and challenges concerning this subject. Furthermore, this approach is a theoretical one, chosen due to the necessity of presenting the essential macro environment’s elements influencing and affecting the companies’ economic, social, cultural, technical, political and legal evolution in the marketplace, while taking into consideration elements such as competitiveness, open market, consumers’ behaviour, needs, wishes and desires, infrastructure and research – development – innovation potential. The first part of the paper focuses upon the main characteristics of the key components of the macro environment, such as, the economic, socio-cultural, technologic, demographic, natural, political and legal elements. The second part of the scientific study tackles the aspects related to the companies’ potential, in terms of their economic, social and research – development – innovation perspectives. The conclusions, limitations as well as future implications section presents the basic ideas that result from this study, as well as the elements that could be improved or even further addressed into the near future.
Keywords: macro environment; companies; economic, socio-cultural, technical, natural, demographic, political and legal elements, research – development – innovation potential, Gross Domestic Product (G.D.P.), infrastructure, financial and monetary factors, economic perspectives and challenges.