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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Leading Asia-Pacific carrier Singapore Airlines (SIA) is caught between a rock and a hard place‚ much like any other airline in this prolonged global recession. Positioned as a premium global brand‚ SIA is struggling in 2009 to offset a decline in demand in the commercial sector. This‚ coupled with losses from hedging fuel‚ higher unit costs‚ and taking delivery of five Airbus 380s by January 2010 or risk paying heavy penalties for delay‚ the airline‚ which flies to about 35 countries‚ must rely
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Airways. In 1947‚ Malayan Airways operated services between Singapore‚ Kuala Lumpur‚ Ipoh and Penang. During 1972‚ where Malaysia -Singapore Airline (MSA) split in two entities‚ name Malaysian Airline System and Singapore Airlines. Since then‚ SIA has emerged as one of the top international airlines in the industry (SingaporeAirlines‚ 2012). SIA was ranked 17th in Fortune magazine’s list of most admired companies in 2007‚ the only airline to make it in the top 50. The company also consistently receives
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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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QUESTIONS The financial statements are very useful to all this group of user. Explain each of them; Financial statement A financial statement (or financial report) is a formal record of the financial activities of a business‚ person‚ or other entity. In British English including United Kingdom company law a financial statement is often referred to as an account‚ although the term financial statement is also used‚ particularly by accountants. For a business enterprise‚ all the relevant
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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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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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of the UK Airline Industry The PEST Analysis of the UK airline industry must take into account the Political Economic‚Social and Technological environment in which the industry is operating in. It will alsoinclude how these environmental factors will impact on the airline operations. Political The political stability of the United Kingdom was severely tested by the London terroristbombings in the summative years of the last decade. This led to a slight drop in the fortunesof the airline industry
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For instance‚ on economics issue‚ it is vital for you to read world news because what affects a domestic area might have an impact regionally and globally since countries’ economies are interdependent to one another. In the political aspect‚ it is crucial because political involved governments’ law and regulations which can affect a business function. Another reason for reading world
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Singapore Airlines: Factors Accounting for Marketplace Success This paper looks at how good market auditing and planning are central to Singapore Airlines’ success‚ and how a clear understanding of the macro- and micro environments can assist in the building of sustainable competitive advantage. It focuses on the role of business tools‚ marketing intelligence and research‚ segmentation‚ targeting‚ positioning and buyer behaviour in the airline’s success. Introduction Singapore
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