This study investigated the impact of political environment on business performance of multinational companies in nigeria. This document is highly rated by b com students and has been viewed 17257 times. Pdf in the context of sustainable tourism development, there are. A critical element of any successful advocacy initiative is a comprehensive understanding of the opportunities that exist for influencing the policy process and the. As the heart of governance is the notion of sovereignty, which implies the power to. It is, therefore, only very appropriate that formulation of strategy. Business environment has a bearing on the shaping of all these integral and interrelated elements. Apr, 2020 components of economic environment, business environment b com notes edurev is made by best teachers of b com. In this lesson, youll learn about the political environment in international business, some of its key factors, and its impact. The following aspects of political environment may be considered as its critical elements in relation to business.
Components of economic environment, business environment b. Political factors affecting business pestle analysis. Legal environment constitutes the laws and various legislations passed in the parliament. Elements of the political environment that a business must consider in order to. Legislature, executives and judiciary are the important pillars of political environment. Pdf the influence of the political environment and destination. A stable progressive and healthy political environment is very necessary for the growth and development of business. A cyclical political environment develops, as democratic governments have to pursue reelection every few years. Existing structure of the economy in terms of relative role. The broad aim of this book is to provide an introduction to environmental. Values and ideology of political parties iv legal environment. The political environment of business refers to the political or government actions that impact business operations.
Political decisions ultimately affect the economic. Elements of political geography by van valkenburg, samuel and a great selection of related books, art and collectibles available now at. Learning objectives the softdrinks giants, pepsico and cocacola, suffered a decline in sales of colas in india in the beginning of the year 2006 after an environmental group, centre for science and environment cse. The political factors usually go hand in hand with the legal ones and are generally viewed as the nonmarket forces that impact businesses. A stable and dynamic political environment is indispensable for business. Resource availability like land, water and mineral is the fundamental factor in the development of business organisation. Pdf to be successful, companies must adapt to ongoing trends and developments in their macro and micro environments. The politics of the environment the library of congress. The political factors usually go hand in hand with the legal ones and are.