Subject business environment Topic - political environment

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SUBMITTED BY

SUNNY KUMAR

McGraw-Hill/Irwin

Copyright 2011 by The McGraw-Hill Companies, Inc. All rights reserved.

Meaning of political environment

The political system of country determine the overall context in which business operate.

It include system of governance framework of law and the implementation of policy all play a crucial role in defining the business environment

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How Democratic Government Works

component of political environment

Three

branch are:

1. Legislative branch 2. Executive branch 3. Judicial branch

Political environment= legislature+executive +judiciary

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Legislature or parliament

In India it consist of president and two houses:

1. Council of state i.e: Rajya sabha 2. House of people i.e: lok sabha

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FUNCTION OF PARLIAMENT

Oversea and adminstration.

Passing of budget Ventilation of public greviances. Discussing various subject i.e . government plan, development plan , national and international plan

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Executive of government

The union executive in India consist of the president, vice president , council of ministers.

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FUNCTION OF GOVERNMENT
1. Implementation of law. 2. Maintaining of infrastructure. 3. Development of infrastructure. 4. Guidance industrial development. 5. Standing the capital market. 6. Setting up industrial financing institution. 7. Assistance to small scale industry. 8. Provide assistance to export. 9. Government role as planner. 10. Promoting agriculture development. 11. employment opportunity..

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JUDICIARY
It is interpreting and applying the law. In India the apex of entire judiciary depend exist on:

1.Supreme court 2.High court

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How political environment operate

Laws Legislative branch Executive branch Courts

Lobbyists Lobbyists Public hearing Regulators Civil suits

Environmental organizations Membership support Individuals

Purchase recyclable, recycled, and environmentally safe products

Corporations and small businesses Patronize or boycott

Recycle cans, bottles, paper, and plastic

Plant a garden

Donate clothes and used goods to charities

Use water, energy, and other resources efficiently

Use mass transit, walk, ride a bike, or carpool Fig. 24-3, p. 639
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McGraw-Hill/Irwin Copyright 2011 by The McGraw-Hill Companies, Inc. All rights reserved.