Legal and political environments

If the citizens are, for example, pro-Big Business then probably taxation will be modest and there will not be a lot of stringent rules about environmental considerations. The rules and regulations created by the politicians, have significant influence on the cost of running a business and the way it can market products and services - for example in Canada there are severe regulations about advertising for alcohol and tobacco. For companies selling industrial products, which are often simply marketed by dimensions size, weight, height etc.

Legal and political environments

What is Political-legal Environment? 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.

The purposefulness and efficiency of governmental agencies, the extent and nature of governmental intervention in the economy and the industry.

Government policies fiscal, monetary, industrial, labour and export-import policiesspecific legal enactments and framework in which the enterprise has to function and the degree of effectiveness with which they are implemented, public attitude towards business in general and the enterprise in particular, and so on.

These elements are as follows: A business is highly guided and controlled by government policy. Hence the type of government running a country is a powerful influence on any business; a strategist has to consider the changes in the regulatory framework and their impact on the business.

Taxes and duties are other critical areas that may be levied and that affect the business. Business organisations prefer to operate in a country where there is a sound legal system. However, in any country, businesses must have a good working knowledge of the major laws protecting consumers, competitions and organisations.

Businesses must understand the relevant laws relating to companies, competition, intellectual property, foreign exchange, labour, and so on. Apart from Govt, and Legal factors there are several other political pressures that influence and limit organisations.

Political uncertainty, political movements against certain products, service and organisations, politicalisation of trade unions, etc.2. Law: Rule based on and meant to carry out a specific piece of legislation (such as for the protection of environment). Regulations are enforced usually by a regulatory agency formed or mandated to carry out the purpose or provisions of a legislation.

Also called regulatory requirement. Course Sequence Guide for B.A. Degree in Geography and Environmental Sustainability. This course sequence guide is designed to assist students in completing their UTSA undergraduate Geography and Environmental Sustainability degree requirements.

What is Political-legal Environment?

The International Dance Council CID, Paris. CID is the official umbrella organization for all forms of dance in all countries of the world. It is a non-governmental organization founded in within the UNESCO headquarters in Paris, where it is based.

Legal and political environments

LexisNexis provides customers with access to billions of searchable documents and records from more than 60, legal, news and business sources. Over the past century Western industrialized nations have attempted to reorganize the rest of the planet to live by their understanding of the natural and social world.

In many ways they have been very successful in this endeavor.

Key takeaways

Over the period a world economic system has emerged with which communities must increasingly interact. Political speech and activity, especially in private sector employment, is not well protected by anti-retaliation laws.

If you’ve experienced retaliation or discrimination at work because of your political beliefs or speech, the law may protect you.

Political Factors Affecting Business