Legal and political environment • This environment is composed of laws‚ government agencies‚ and pressure groups that influence and limit various organizations and individuals. • Sometimes these laws create new opportunities for business. Various associations have been formed in India for automobile industry ➢ ACMA and SIAM are two major automobile association in India. ➢ acma(Automotive Component Manufacturers Association of India ) ➢ siam (Society of Indian Automobile
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Americas Socio Economic Evolution from 1492-1750 During the period of 1492-1750 the world experienced a process of transformation as the continents connected. In this era America experienced discovery and colonization from the Europeans. As a result‚ Native Americans entered a process of evolution. They were deeply influenced by the modern Europeans. Socially and economically they grew and evolved. All this changes influenced the Americas by influencing and shaping it. As a result of the blending
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Haiti’s political system was difficult for many citizens. Most were frightened from overhearing rumors of soldiers convicting many innocent citizens of crimes. The terrifying reality of it all was that nothing was done to stop the soldier’s cruel actions. The government wasn’t either they allowed it. They aren’t enforcing the laws to anyone. Myriads of people were dying by starvation. It was extremely difficult keeping a family together. since the father would always be at work to earn money for
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France Country Risk Tier CRT-1 • France is a CRT-1 country with low levels of risk across all three categories. The French economy has been significantly impacted by the global financial crisis. The economy contracted by 2.6% in 2009 and has recovered modestly‚ with the economy growing by 1.5% in 2010 and by 1.7% in 2011. A fragile labor market‚ tight credit conditions‚ and fiscal tightening will create economic difficulty over the next few years. Economic Risk Moderate Low High
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2011-10-03 Definition of a Political System • The complete set of institutions‚ political organizations‚ and interest groups‚ • The relationships among institutions‚ and the political norms and rules that govern their functions International Business Part Two Comparative Environmental Frameworks Chapter Three The Political and Legal Environments Facing Business 3-2 Copyright © 2009 Pearson Education‚ Inc. publishing as Prentice Hall Individualism vs. Collectivism Political Ideology • Individualism:
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Political factor is one of the factors of remote environment. Political factors are legal and regulatory parameters that firms must abide by. Since those factors can affect the whole business environment such as tax rate‚ minimum wage etc. When designing the strategy‚ political factors are the major considerations of managers. Cathay Pacific‚ one of the largest airlines in the world‚ has also been affected by political factors. The first political factors is export control. In the recent years‚
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A macro environment comprises the external factors that can influence a business. These factors are often out of the control or management ability of a company. Factors typically include economic‚ demographic‚ political‚ and technological forces in business. Business owners and managers often spend copious amount of time and effort to assess the overall economic environment in order to determine the number and strength of each factor. Strategies and performance reviews can help owners and managers
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ECONOMIC ENVIRONMENT OF INDIA Section – A I. Economic Environment : Meaning‚ Factors affecting Economic Environment‚ Basic Features of Indian Economy‚ India in World Economy. Economic Policies : Agriculture Policy‚ Industrial Policy‚ Commercial Policy & Fiscal Policy. Economic Planning : Meaning‚ Importance‚ Objectives & Techniques of Planning. II. III. Section – B I. Significance of Agriculture in Indian Economy and New Agriculture Strategy. Agriculture Finance (specially Kisan Credit Card)‚
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interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the bondissuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal. Bonds guide. Boom: A state of economic prosperity‚ as in boom times. Break even: This is a term used to describe a point at which revenues equal costs (fixed and variable). Bretton Woods: An international monetary system operating from 1946-1973. The value of the dollar was fixed
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Analysis of Telefónica Case—re-enter Latin America After having a conference call with a senior Telefónica official‚ I fully analyzed the Latin American market and Telefónica’s situation‚ and I think that re-entering Latin America might be a good choice for Telefónica in the future based on the following reasons. Latin America emerged as the second most important and favorable region in the developing world for FDI inflows and it had totally 141 billion inward investments in 2008. Moreover‚ as
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