Global Context of Modern Business

23/01/2014

Tutorial 4

The political environment

23/01/2014

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

23/01/2014

<…

• Government as a key driver for technological change and development

• R&D

• Universities (tuition fees)

• Trade delegates

• Subsidies

23/01/2014

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

23/01/2014

Politics in the class room

• Those who voted or intend to vote in the next general elections

• Conservatives

• Labour

• Liberal democrats

• Green party

• Others