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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_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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carried out in 2011; the second is underway. The 2011 study revealed some key insights. Employees expressed the need for (i) recognition (ii) diversity of thought (the freedom to have a contrary view) and (iii) transparency in policies and processes. Differentiated rewards for the top performers were introduced‚ and seem to have worked well for Raymond. “Now‚ as a culture‚ there is linkage of compensation to performance. But it is different in the sense that the average performer gets a certain reward;
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PROJECT ON: ORGANISATIONS COMPARED: PREPARED BY HARSHA BHOWMIK RUDRAJIT SHARMA REGN. NO: 17/12 REGN. NO: 36/12 TABLE OF CONTENTS I. Evolution as an Organization 3 A. Evolution of Cognizant: 3 B. Journey from Indal to Hindalco: 3 II. Description of the organizational structure 4 A. Cognizant’s Structure 4 B. Hindalco’s Structure 5 III. Comparison on Structural Dimensions 6 A. Cognizant 6 B. Hindalco 6 IV
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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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Analyse the political factors involved in the unification of Italy up to 1861 Political factors played a huge role in the unification of Italy‚ both hindering and increasing the possibility of unification up to 1861. In this essay I will evaluate the most important factors that eventually led towards unification such as republicanism‚ Piedmont and Cavour‚ and wars such as the Crimean War. I will also discuss the factors that decreased the chances of unification including the congress of Vienna‚
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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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Stakeholder Stakeholder is a person or groups who have interest in the success of the organization. A stakeholder is mainly concerned with an organization delivering better results and meeting its financial objectives. There are two types of stakeholder. 1. Internal Stakeholder 2. External Stakeholder Internal Stakeholder:- Internal Stakeholder is someone who works inside the organization or anyone within the organization that will benefit from the company’s profits. For example:-
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Factors that impact on and influence the organisation The business environment is often an uncertain one‚ where managers are faced with many factors that impact on and influence the organisation. The micro-environment includes suppliers‚ customers and stakeholders‚ all of which influence the organisation directly. The macro-environment‚ however‚ includes factors that influence the organisation but are out of its direct control. The micro-environment is often determined by the industry the
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Legal Factors A legal factor is when you can be prosecuted. Statutory law: If you break the statutory law it is a crime. * A law passed by parliament. A new government can bring in new laws – this means that if there is a new government they have the rights to allow a law to pass or can turn down it‚ but it has to be decided through the parliament. * This involves the police‚ if the rule is broken – this is saying that if you break the legislation the police have the right to enter
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