24220 Lecture Notes - Lecture 3: Linear Discriminant Analysis, Delphi Method, International Trade
Document Summary
Lecture 3 the international political, economic and legal environments. The international political environment (part of the external environment in the market schematic model) What is it: the (cid:858)st(cid:396)u(cid:272)tu(cid:396)e(cid:859) that defi(cid:374)es (cid:449)hat a (cid:272)ou(cid:374)t(cid:396)(cid:455) is a(cid:374)d ho(cid:449) it(cid:859)s society and businesses are o(cid:396)ga(cid:374)ised a(cid:374)d fu(cid:374)(cid:272)tio(cid:374) (cid:894)e. g. (cid:858)p(cid:396)i(cid:448)ate(cid:859) fi(cid:396)(cid:373)s i(cid:374) chi(cid:374)a(cid:895) Why is it important: the political structure determines. If the firm will be allowed into the country. If it is allowed then it dictates how it will need to be set up and operate. How does it work: because each country has a different political structure there will be different implications as to how the firm operates and is managed. Govs have a lot of tools that they can use to determine what comes out and what comes in. Governments regulate: what comes in (imports, what goes out (exports, how business works (business rules, fo(cid:396)eig(cid:374) i(cid:374)(cid:448)est(cid:373)e(cid:374)t (cid:858)(cid:396)ules(cid:859, fo(cid:396)eig(cid:374) e(cid:395)uit(cid:455) (cid:858)(cid:396)ules(cid:859, p(cid:396)odu(cid:272)t/se(cid:396)(cid:448)i(cid:272)e (cid:858)sta(cid:374)da(cid:396)ds(cid:859, p(cid:396)ofessio(cid:374)al (cid:858)(cid:395)ualifi(cid:272)atio(cid:374)s(cid:859)
