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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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‚ LEGAL AND SOCIAL SITUATION IN VIETNAM TODAY_ After the Vietnam war Vietnam became communist in 1975. Even though a lot has changed since then‚ Vietnam continues to be a communist country today. The politic framework in Vietnam is a single party socialist republic. The communist party is in power today‚ it consist of a 14-member politburo (short for _Political Bureau_‚ executive organization for a number of political parties‚ most notably those of communists)� the members of the politburo
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Entrepreneurs are people in which organised other productive resources in which helps to make good and since the economics regard entrepreneur’s as a specialist form a labour input. Others believe that they deserve recognition as a separate factor of production in their own rights. With entrepreneurs they play an important role in the society. They make a major contribution to economic activity. Imagine how many jobs are created by the thousands of new businesses that are set up every year and
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D2 Evaluate how future economic‚ political‚ legal and social factors impact the strategy of an organisation Economic Factors Economic factors have always been a concern for businesses like Tesco’s this is because the economy is continuously changing. In 2008 we experienced a worldwide recession which affected every business after the stock market collapsed. Tesco’s were also affected by the recession which resulted in their profits decreasing however they did find a way to benefit from the
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Political and legal forces are two of the three most important aspects for a business‚ with social forces being the third. Politics is a changing scene‚ and the rules and laws will change not regularly but often enough. Different elected parties have different feelings about certain business practices and use or alter the laws to change these. The same comes into play with trading in other countries. Organizations‚ especially the European Union‚ have a lot of rules for their member states with
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The political environments which include political stability ‚ government support for different types of organisation‚ fiscal‚ direct support‚ providing infrastructure‚ enhancing skills of the working population‚ organisations to support businesses and membership of international trading communities. Political factors can affect a business in the following ways: Political stability affects a business because taxation‚ legal framework‚ policies and laws are all under threat of drastic changes
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A McDonalds Marketing Breakdown "That night in my motel room I did a lot of heavy thinking about what I’d seen during the day. Visions of McDonald’s restaurants dotting crossroads all over the country and world paraded through my brain." (Ray Kroc) Kroc’s aim for McDonalds was far more than fulfilled. Today‚ it is the leading global food service retailer with 34‚000 local restaurants serving nearly 69 million people in 119 countries. There are 3 very important factors that have contributed
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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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Factors of production • 1 Land: McDonalds NZ uses cattle from Canterbury from farming regions to create the tastiest beef Pattie. Local goods. 100% pure beef. Beef patties are ordered in from Auckland. • Land owned by farmers in order to breed the thousands of livestock (cow and chicken) and supplied to McDonalds. • Chicken is supplied by tegal NZ leading supplier for chicken - national • Fish is bought in locally from the sparkling waters that surround NZ. -national • Buns and breads are
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