GMS 724 Lecture Notes - Lecture 3: Political Spectrum, Totalitarianism, Intangible Property
5 Mar 2019
School
Department
Course
Professor
Document Summary
Chapter 3: the political and legal environments facing business. Political and legal factors influencing international business operations. 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. Political ideology: the system of ideas that expresses the goals, theories, and aims of a sociopolitical program, most modern societies are pluralistic different groups champion competing political ideologies. Trends in political systems: third wave of democracy (textbook, engines of democracy, the failure of totalitarian regimes to deliver economic progress, improved communications technology, economic dividends of increasing political freedom. Definition of a legal system: the mechanism for creating, interpreting, and enforcing the laws in a specified jurisdiction, types of legal system, common law (precedents, civil law (statues, theocratic law, customary law, mixed systems. Operational concerns for managers: starting a business, entering and enforcing contracts, hiring and firing local workers, closing down the business.
