Pondent - Updated June 29, The political environment in a country affects business organizations and could introduce a risk factor that could cause them to suffer a loss.
Course Information Political and Legal Environment of Business For many businesses, non-market forces are as significant as market factors: Lawyers are frequently involved in developing and implementing strategies in the non-market environment to advocate and realize the interests their clients.
This class introduces a set of analytic tools that rest upon a foundation of economic principles, political analysis, social psychology and risk management to help students identify patterns of behavior and outcomes in the non-market environment, methods of analysis that facilitate understanding and prediction, and, ultimately, the shaping of strategies to improve the non-market environment for clients.
The course is organized through a series of case studies that identifies the ways in which firms are subjected to, and need to respond to, non-market forces and institutions including the media, activist campaigns, regulatory action and threats, and the legislative arena.
In exploring these topics students will be required to prepare a series of short assignments that provide policy and legal guidance for firms that are engaged in these situations, complete an in-class midterm that tests students on their understanding of fundamental concepts in non-market analysis, and complete a substantial group project in which students identify an important non-market issue being faced by a Nashville-area business or non-governmental organization, and use the frameworks and lessons learned in class to offer advice and recommendations for how best to achieve their goals while paying appropriate attention to the relevant non-market considerations.The political environment in international business consists of a set of political factors and government activities in a foreign market that can either facilitate or .
The political environment can impact business organizations in many ways. It could add a risk factor and lead to a major loss..
You should understand that the political . BUSINESS ENVIRONMENT IN CHINA: ECONOMIC, POLITICAL, AND CULTURAL FACTORS. Georgine K.
Fogel, Lawrence Technological University. ABSTRACT.
China is an emerging economy that offers lot of market opportunities for foreign investment. The political environment can affect business institutions in many ways. It could increase the risk factor and might lead to a significant loss. You should recognize that the political factors have the ability to change results, and can also influence government policies from local to federal level.
The political-legal environment provides a host of laws and regulations that affect the business affairs.
It provides opportunities, threats and challenges for the business enterprises. The Government interacts with business enterprises at the local level, State level and the Central level and regulates their functions through various rulings.
Article shared by. Political-legal Environment is a collection of factors, such as the general state of politics, the degree of politicalisation of business and economic issues, the level of political morality, the law and order situation, political stability, the political ideology and practices of the ruling party.