Political factors Political risk‚ for examples the Gulf war and terrorism somehow damaging passenger confidence‚ particularly in the US. Presence of political support and lobbying for major EU/US aerospace businesses Support of EU aircraft manufacturer for Rolls-Royce Subsidies by EU government US tax breaks for Rolls-Royce Carbon emissions under the Kyoto protocol is targets for reduction by EU‚ creating pressures for reduced impact of air travel Policy formation for example Open Skies liberalisation
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Legal factors Legal factors are those that impact businesses in a legal way. The legal factors would be ranked and analysed. They include: providing a framework for businesses‚ consumer protection and employment law‚ ensuring fair and honest trading. PROVIDING FRAMEWORK FOR BUSINESSES This law is very important because it gives businesses legal protection and also gives them some degree of certainty as to what the business has to gain and loss in extreme cases such as business bankruptcy
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The impact of Political‚ Legal and Social factors on a business Describe how political‚ legal and social factors are impacting upon the business activities of the selected organisations and their stakeholders. Political factors: ‘’Political factors are how and to what degree a government intervenes in the economy.’’ (http://en.wikipedia.org/wiki/PEST_analysis) Political factors include: * Environmental regulation and protection * Taxation ( corporate: consumer) * International
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Unit 1 the business environment Tescos Political factors This could include government support‚ provide‚ enhancing skills of the working population of Tesco’s which may include training days or induction days if you have just been previously employed. The main factor could be government support which has to routes that it can go down. Direct support or indirect support which also includes the fiscal policy which is linked with taxes‚ vat and cooperation tax The level of taxation changing
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through any Wal-Mart outlets. 4. Brand Image:- The strongest competencies of Wal-Mart are there brand image in the minds of consumer. It is the leader of the world retail industry. RETAIL INDUSTRY IN INDIA Retail industry is one of the largest growing industries in India.
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adverse effects on company operations and profitability caused by developments in a country’s political and legal environments. Some examples like: Diverse political and legal systems‚ as managers must adhere to business laws and regulations. Preferential subsidies‚ government incentives‚ and protectionism. International Business: Strategy‚ Management‚ and the New Realities 2 Political or legal factor‚ economic‚ social‚ or technological developments. Unintended consequences- Laws may be
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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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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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company and get it approved. The topic of Wal-Mart is focusing on three external factors‚ which are history of company‚ lawsuits against the company‚ and foreign currency conversion. These factors from both the positive and negative aspects reflect the present situation of the company. Introduction Authorization Purpose‚ Scope and Report Organization The purpose of this report is to research some main external factors that affect the biggest worldwide retailer-----Wal-Mart during the last four
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Legal and Political Environments The legal and political environments of global markets differ by country and often by region within a country. Global marketers must be aware of each environmental risk in global markets and develop contingency plans to overcome them. Legal Environment Clearly‚ the global legal environment is very dynamic and complex. It is the result of three forces: international law‚ U.S. domestic law‚ and legal requirements of host nations. According to Czinkota and
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