Management and Organizational Studies 2285 Study Guide - Midterm Guide: Trademark, Comparative Advantage, Outsideinside

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2285
• Professor: Trevor Hunter

Document Summary

Decisions affecting the political environment are made at the following levels: international level, national level, regional level, local level. Unitary systems: decision-making power is centralized in the hands of central government regions have little or no autonomy. Federal systems: power is shared between the center and the regions, this is important to note because it can make exporting very expensive and time consuming, as you have to consult with various legal sources. Executive branch: implements laws and advises on policies. Functions of the state: state also plays role in business as a . Businesses can still influence political environment by lobbying, pressure groups, giving money or gifts, employment, etc. Shared system of; beliefs, values, customs, behaviours prevalent: values: including moral/religious beliefs, norms: rules of behaviour, sanctions: to enforce norms of society, institutions: transmit the norms and values, dynamic: changes over time and due to outside/inside influences.