Question
1. To assess political and legal influences on international business activities 2. To identify appropriate strategies for operating in various political-legal environments Based on the
1.To assess political and legal influences on international business activities
2.To identify appropriate strategies for operating in various political-legal environments
Based on the country (or countries) you are analyzing for your global business enterprise, research information related to the following areas:
GOVERNMENT AND POLITICS
Describe the type of government and recent political developments that could influence the economic and business environment of the country.(For example, various events in recent years in the Middle East have contributed to an uncertainty when doing business with some countries.)
FORMAL TRADE BARRIERS
Identify formal trade barriers (tariffs and other taxes, foreign exchange controls, ownership restrictions) that might require a company to adapt its business strategy.
PROMOTING GLOBAL BUSINESS
Analyze host government efforts to attract foreign investment.(Some nations offer tax incentives to attract foreign capital.)
INTELLECTUAL PROPERTY
Discuss the country's regulations to protect intellectual property, such as brand names, copyrights, patents, software, music, videos.(Some countries do not enforce these laws resulting in the pirating of products and lost profits for companies.)
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