GMS 724 Chapter Notes - Chapter 2: Political Spectrum, Totalitarianism, Political Freedom

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 724
• Professor: Jim Everard

Document Summary

To discuss the philosophy and practices of the political environment. Every country has its own political and legal environment. Companies conducting international business must determine where, when, and how to adjust their business practices without undermining the basis for success. Figure1 political and legal factors influencing international business operations. Managers study political and legal environments in order to adjust company activities to local circumstances. No matter the degree of difference, politics and laws in any country influence mnes: china requires mne"s to rethink the best ways to acquire resources, make investments, adapt operating modes, and manage risk. Managers evaluate, monitor, and forecast political environments. This means leave things alone , and holds that government should not interfere in business affairs. A political ideology encapsulates how a society ought to function and outlines the procedures for converting ideas into action (change) A political spectrum outlines the various forms of political ideology.