Download - Gcmb tutorial 4
Global Context of Modern Business
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Tutorial 4
The political environment
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What is the role of government in business• Government, of any type, accepts the responsibility of
economic performance• No free market in the world
• Law and policy, far reaching impacts on society• Government as a key driver for technological change and
development • R&D • Universities• Trade delegates by the governments• Trade attaché
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• Government as a key driver for technological change and development
• R&D
• Universities (tuition fees)
• Trade delegates
• Subsidies
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The value of political opinions
• Is McDonalds responsible for obesity?
• Health problem related to overweight and obesity, the bill is £5 billion every year
• Is Dominos responsible for fresher's week aftermath • Bankers' bonus • Political intervention in bank bail outs• These discussion are never final, therefore require
compromise• http://www.theguardian.com/business/interactive/2012/mar/
21/budget-2012-uk-income-expenditure-interactive
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Politics in the class room
• Those who voted or intend to vote in the next general elections
• Conservatives
• Labour
• Liberal democrats
• Green party
• Others