Political environment and relationship between government and business Gurkirat and Jasmeen ppt.pptx

Political environment and relationships between government and business

1. Political environment and relationship between government and business Submitted by Gurkirat kaur 34 and jasmeen 40 Submitted to Ms. minika

2. Political environment The political environment of global marketing is the set of governmental institutions, political parties and organizations that are manifestations of the people of the nations of the world. In particular, anyone involved in global marketing should have a comprehensive understanding of the importance of sovereignty to national governments. The political environment varies from country to country and it is important to assess political risk. It is important to understand a particular government's actions with respect to taxation and property seizure

3. Role of political environment The political environment plays an important role in business regulations. The political environment mainly affects the way a business operates. But more than once it became an obstacle in the operation of the business. The political environment is related to the business environment including all the rules and regulations, laws and the role of government in the day-to-day operations of organizations.

4. Political insitutions Legislative Executive Judiciary

5. legislature Most powerful institution. Role is to make the law. Powers. Policy making. Approval of budgets Law making.

6. executive Referred to as government. Responsible for implementing the law. To shape, direct and control the business activities.

7. judiciary Responsible for interpreting and applying law. It has to look into the exercise of authority by the executives is according to the general rules laid down by the legislature. To settle legal disputes that affects business considerably. Disputes between employers and employees. Disputes between two companies. Disputes between employees.

8. Relationship between business and government Responsibility. Accountability. Duty.

9. Responsibilities of business towards government Regular payment of taxes. Voluntary programmes- sponsoring social welfare programmes, environment preservation, promoting education, assistance in drought, flood etc. Providing feedback information. Government contracts. Providing service to the government through becoming member in advisory board.

10. RESPONSIBILITIES OF GOVERNMENT TOWARDS BUSINESS Provision of peaceful atmosphere. Provision of a system of money and credit. Balanced development and growth. Provision of basic infrastructure. Provision of information. To assist small scale industries. Licensing and inspection. Protection from foreign competiton .