Ilayza Thea L.

Geraldino
3BSA2
Different political dimension relating to business
The political environment in which the firm operates will have a significant
impact on a companys international operating activities. The greater the level of
involvement of the company in foreign markets, the greater the need to monitor the
political climate will affect among others the marketability of the companys
products. Changes in the government, government ownership of economic
activities, stability of the target countrys political environment, Governments ideas
about how to best promote national interest in the light of the countrys economic
and political resources and objectives.
Corporate social responsibility and Ethical behaviour of enterprises
Corporate social responsibility (CSR) is a business approach that contributes
to sustainable development by delivering economic, social and environmental
benefits for all stakeholders. It is a very broad concept that addresses many and
various topics such as human rights, corporate governance, health and safety,
environmental effects, working conditions and contribution to economic
development. The purpose of CSR is to drive change towards sustainability.
Ethical behaviour in business enterprise develops a good framework for a
business. Since ethics talks about right and wrong. It focuses more on moral
judgement. That would definitely enhance the success of a corporation. There are
six foundation of this: the character, ethics, integrity, laws, morals and values.
The role and influence of government
The private sector constitutes the largest sector of the economy. There is a
mutual need between the government and private sector. They have to support
each other for the people. The government has a role of maintaining competition,
legal and social framework, stabilizing the economy, redistributing income,
providing goods and services, and correcting the externalities. Another factors are:
Consumer protection- government protects customers through the requirements
such as labelling, some rights, and the court for protection of individual encase of
harm made by the private sector. Contract enforcement- if there are refusal of
contract obligation, the governments legal system intervenes. Employee
protection employees are protected by the government through the rights that
they implemented such as regular employment, anti-sexual harassment, and the
best is the minimum wage law that are very beneficial to people. Environmental
protection- the laws that they implemented to protect the environment, including
the Department of Environment and Natural Resources. Investor protection the
Government has a rule that entity should provide public instruments or information
in order to protect the third parties or the investors from illegal entities.
Permission Businesses need registrations and licenses provided by the
government to permits legitimate entities from operating. Taxation- revenue
collected plays an important part of budget to balance the tax burden between the
business and individual.
Different pressure groups on corporate policy
Pressure group is a group that tries to influence public policy in the interest of
a particular cause. The types of pressure group are: Economic pressure group-
such as giant private corporations, professional organizations, trade associations,
and trade unions. Public pressure group- are groups that represent a cluster of
the public on certain issues. The development in public pressure groups can be
partially explained by a change in attitudes towards some of the government
policies. Sectorial pressure group- refers to groups which work to protect and
advance the interest of specific social groups in a certain society. Typical example is
Gabriela. Religious/attitude pressure groups- fast growing group in the
Philippines with regards to putting pressure on government. They are considered as
one of the most powerful groups. Governmental units pressure group- the level
of maturity of the system of administration and the development government
agenda in the last two decades, and the enormity of the sums of money involved.
The reasons behind economic inequality
The difference found in various measures of economic well-being among
individuals in a group, among groups in a population, or among countries. Economic
inequality is sometimes called income inequality, wealth inequality, or the wealth
gap. Economists generally focus on economic disparity in three metrics: wealth,
income, and consumption. Some of the major causes are: Culture and religion-
attributed causes to this include cultural differences amongst different races,
educational achievement gap and racism, and in some instances cultural values and
religiosity level. Development- the countries with low level of development have
relatively equal distributions of wealth that leads to the owners of capital having
more wealth and income and introducing inequality. Diversity of choices- different
choices in life that leads to inequality. Education- one of the most important
factors are individuals access to education, because how much you will earn is
depends on what education you have attained. Globalization- the unemployment,
social degeneration and difficulty of competition. Inflation- high inflation, caused
by a countrys monetary policy contributes to inequality. labor market- the
determination of wages by the market. Wealth condensation- the theoretical
process by which, under certain conditions. Newly created wealth concentrates in
the possession of already-wealthy individuals or entities.