The Political and Legal Environments Facing Business参考.pptVIP

International BusinessEnvironments Operations 14e Daniels ● Radebaugh ● Sullivan Chapter 3 The Political and Legal Environments Facing Business Learning Objectives To discuss the philosophy and practices of the political environment To profile trends in contemporary political systems To explain the idea of political risk and approaches to managing it To discuss the philosophy and practices of the legal system To describe trends in contemporary legal systems To explain legal issues facing international companies Introduction Learning Objective 1: To discuss the philosophy and practices of the political environment Introduction Every country has its own political and legal environment Companies must determine where, when, and how to adjust their business practices without undermining the basis for success Introduction Political and Legal Factors Influencing International Business Operations The Political Environment Managers evaluate, monitor, and forecast political environments A country’s political system refers to the structural dimensions and power dynamics of its government that specify institutions, organizations, and interest groups, and define the norms that govern political activities Individualism vs. Collectivism Individualism primacy of the rights and role of the individual Collectivism primacy of the rights and role of the community Political Ideology A political ideology stipulates how society ought to function and outlines the methods by which it will do so Most modern societies are pluralistic different groups champion competing political ideologies Democrats vs. Republicans in the United States Democratic Party vs. Liberal Party in Japan Spectrum Analysis A political spectrum outlines the various forms of political ideology Political freedom measures the degree to which fair and competitive elections occur the extent to which individual and group freedoms are guaranteed the legitimacy ascribed to the general rule of law the freedom of th