Political/Legal Segment Notes: Definitions & Explanations PDF | Download eBooks
Study Political/Legal Segment lecture notes PDF with strategic management definitions and explanation to study “What is Political Legal Segment?”. Study political/legal segment explanation with strategic management terms to review strategic management course for online MBA programs.
Political/Legal Segment Definition:
Political/legal segment is the arena in which organizations and interest groups compete for attention, resources, and a voice in overseeing the body of laws and regulations guiding the interactions among nations.
Strategic Management by Michael A. Hitt, R. Duane Ireland, et al.
Political/Legal Segment Notes:
The Political/Legal/Regulatory Environment can be essentially depicted as the laws and guidelines that business needs to follow so as to ensure the entrepreneurs don't get captured, or have the business fined for resistance of some guideline. Laws are made by government officials - who authorize these laws dependent on the probability they will get re-chose. The world of politics is influenced and affected by government officials who thus are impacted by changes and difficulties in the social - social environment (dialects, ethnicity, migration and so on.), challenges in the monetary environment (cash trade rates, corporate movement, joblessness rates) and furthermore somewhat the geographic condition as far as how the locale is spread out, waterways, mountains, nearness to different nations, climate, seasons and so on.
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