The political, legal, and regulatory environments of. Rishabh jain slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Powerpoint presentation download only for the legal environment of business and online commerce. The international legal environment of business ppt download. Political and legal environment is the background of laws and regulation within which the business firms should conduct their affairs. Corporate social responsibility and business ethics. Arial arial black blue gel design template the political, legal, and regulatory environments of global marketing chapter 5 the political environment nationsstates and sovereignty political risk taxes seizure of assets the legal environment common law versus civil law sidestepping legal problems. It assures uniform application of the laws by regulating the behavior and interactions of individuals against each other.
Powerpoint presentation download only for the legal. To give an exposure to important commercial and industrial laws. The discrete elements of each component of our laws are readily assignable to create a course of study focused on any particular aspect of business law chosen by the instructor. Business environment economic environment social environment legal environment technological environment political environment elements of business environment components of economic environment n existing structure of the economy in terms of relative role of private and public sectors. The business legal environment plays a very important role in determining the success of any businesses around the globe. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Business ethics and the legal environment of business ppt.
During the time i served as legal director and company secretary for kasapa telecom later expresso telecom and subsequently dolphin telecom, i started this this highly successful companyfunded program of educating board members on the unique legal. Legal environment and business law notes pdf download mba. The legal environment of business video presentation youtube. An international business environment is the surrounding in which international companies run their businesses. Legal environment legal environment purpose of law legal system common law if there is no specific precedent or statute, common law requires a court to make a decision that, in affect. In the legal environment of a business, we are looking the key areas, particularly where law changes and how legal aspects affect businesses. Legal environment of business mcgrawhill higher education. There are ethical issues involved in having business deals with military reasons and also issues related to the payment of bribes to the government officials. The government taxes that are being imposed among other regulatory measures help to promote economic growth and to protect consumers from exploitation and other illegal factors. In a complaint, a legal basis on which a claim is predicated. Lecture 1 the legal environment of international business law iii. Guru prasad faculty inc guntur legal environment of business law is an instrument of social justice of the state that seeks to provide justice, stability and security in the society.
Law applicable to the contract contained in the indian contract act, 1872. This course is intended to introduce business majors to the legal system and the forces of government and law which establish, enforce, and interpret public law. Ppt the international legal environment of business powerpoint. Introduction and types of international business environment. Powerpoint presentation download only for the legal environment of business and online commerce, 9th edition. Import policy business structures in foreign markets foreign corrupt. Political factors affecting business pestle analysis. Constitution that authorizes congress to pass laws protecting intellectual. The legal environment of business ensures that all the business across the globe is regulated thus working in a regulated environment. Methods of engaging international business chapter 3. Economic policy of the government also affects business. Indian political system is governed by the constitution of india which was moved by pandit jawaharlal nehru on. The businessman cannot overlook the legislations because he has to perform his business transactions within the framework of legal environment. The legal environment of business ppt video online download.
The political legal environment is a combination of a lot of factors such as the current political party in power, the degree of politicization of trade and industry, the efficiency of the current government, government policies, current legal framework, the public attitude towards the economy. The person to occupy this position must be eligible for becoming a judge in the supreme court of india. The legal environment of business is the property of its rightful owner. The basic legal environment of business is governed by state, country and international laws. The number of laws that are put in place to ensure that the business act as required affect the way the business execute their duties. Legal factors in international bussiness authorstream. Such a government creates a good business environment thus, allowing for increased productivity and profitability. The legal environment of a business refers to the relelvant laws and regulations under which the business operates. Business law and the legal environment table of contents. Definition a promissory note is an instrument in writing containing an unconditional undertaking signed by the maker, to pay a certain sum of money only to or to the order of a certain person or to the bearer of the instrument.
To acquaint students with the issues of domestic and global environment in which business has to operate. The legal environment of international business by. This course provides an introduction to the angloamerican legal system and the development of substantive and procedural law with emphasis on. Concept of capitalism, socialism and mixed economy. How legal factors affect business environment marketing tutor. Businesses must be conscious of public international laws consisting of treaties, conventions, protocols, and executive agreements. Court officials attorney general of india its the indian governments chief legal advisor, and its primary lawyer in the supreme court of india. International issues international law and business international trade agreements u. Scholars and practitioners often divid e international law into two categorie s. The countrys legal system is based on english common law with provisions to accommodate pakistans status as an islamic state. It is sufficient for a firm operating at the domestic level to stick to regulations of the land, but organizations operating in. The legal environment of business text and cases ethical regulatory global and corporate issues book summary. Pdf business environment conceptual framework and polices. This is a nonmarket factor but it can still greatly impact a business.
Le b w b 09 20 07 01 legal environment of business ic fa is ep t em be r, 20 07. To relate the impact of environment on business in an integrated manner, and. The legal environment includes the laws passed by the government as well as the decisions rendered by the various commissions and agencies at every level of the government. Legal environment of business appointment of an alternate director takes place when the original director absents himself for a period of not less than. Unit 2 economic, political and legal environment 1. The political and legal environment facing business scribd. Few aspects of how one manages a business can be accomplished without attending to various legal requirements. The legal and regulatory environment of business 16. Topics for pre mid semintroduction to legal environmentbusiness contractsnon corporate business entitieslaw relating to corporate. If you continue browsing the site, you agree to the use of cookies on this website.
The political, legal, and regulatory environments of global. Business environment business environment means the sum of all external forces and conditions that influence business and potentially affects its performance which includes economic factors, sociocultural factors, politicolegal factors, technical factors and international factors. For undergraduate courses in the legal environment of business. Nov 23, 2012 the legal environment of business video presentation blondie3064. Legal similarities the main source of the law is the constitution of 1787. Legal environment of business law is an instrument of social justice of the state that seeks to provide justice, stability and security in the society. The political environment can impact business organizations. United nations commission on international trade law uncitral. Its important that every business must function according to the law of the area in which it wishes to operate. How legal factors affect business environment marketing. Macro environment politicallegal and social environment. If so, share your ppt presentation slides online with. The legal system of a country thus refers to the rules, or laws, the regulate behavior along with the processes by which the law are enforced and through which redress for grievances is obtained. The text offers a comprehensive introduction to business law and the u.
Introduction multinational enterprises operate in different countries with different political and legal conditions. This includes laws on what can or can not be produced or sold, consumer and employee protection laws, tax and other financial laws, as well a many rules and regulations with regards to business ethics, when and how to seek legal advice in case of disputes. Level of english required candidates should have a standard of business english equivalent to lcci iq english for business level 3. Corporate mba objectives develop leadership by using team building and collaborative behaviors to accomplish group tasks. Download powerpoint presentation applicationzip 32. Read this article to learn about the legal environment for international business. Business contract general observation a contract may be oral or in writing.
Sources of the law and legal similarities the main source of the law in the country is the constitution of 1973 which has been suspended and restored with amendments many times. Business law in pakistan business environment nordea. Dispute resolution the legal environment of international business aminata fall business lawyer program manager discussion. What is legal environment of business and its nature. The legal environment of human resource management business essay. The following aspects of political environment may be considered as its critical elements in relation to business. Introduction legal environment refers to legal system obtaining in a country. An earlier business law text by authors lieberman and siedel was hailed the best written text in a very crowded field. The international business environment is very complex. Topics for pre mid semintroduction to legal environmentbusiness contractsnon corporate business entitieslaw relating to corporate businessentities 3. Law is an instrument of social justice of the state that seeks to provide justice, stability and security in the society. This is the ebook of the printed book and may not include any media, website access codes, or print supplements that may come packaged with the bound book. Analyze if the corporate policies will fit a desirable political and legal environment.
It is a legal and regulatory factor that helps to promote economic growth in a country. Nov 29, 2017 the business legal environment plays a very important role in determining the success of any businesses around the globe. The legal environment regulates the operations of firms in international markets. Political and legal environment authorstream presentation. Chazen institute of international business, 33 columbia mba students had the opportunity to visit china in august 2005 to learn directly from foreign investors the difficulties of doing business in chinas developing legal environment.
Legal environment an overview sciencedirect topics. Business environment conceptual framework and polices. What is the legal environment the world of business today is subject to an increasing number laws and regulations, some developed over the judicial system and others imposed by federal, state and municipal legislatures and. However, certain contracts are required to be in writing and may even require registration. Other laws affecting the legal environment of business. Legal environment of business law is an instrument of social justice of the state that seeks to provide justice, stability and security in. Legal environment of business it is essential for future business leaders and entrepreneurs to have an understanding of the role of the law and legal risk in shaping business decisions, achieving competitive advantage, and avoiding legal pitfalls. The countrys legal system is based on a federal court system. The legal basis can be a constitutional law, a statute, a regulation, or a prior judicial decision that creates a precedent to be followed. A business is a legal entity that is set up or designed to make goods, sell goods or provide a service. The legal system and business policies and practices in the united states are closely related. Cutting edge cases and comprehensive coverage of the legal environment of business. Business law and the legal environment open textbook library.
The political, legal, and regulatory environments of global marketing chapter 5 the political environment political culture nationsstates and sovereignty political risk causes of political risk expressions and symptoms taxes seizure of assets nationsstates and sovereignty sovereignty two context a countrys stage of development the political and economic system in place in the country. Start studying business law and the legal environment. Lecture 1 the legal environment of international business. Jul 04, 2015 promissory notes legal environment of business 310. The global legal environment refers to the legal environment in international business. This textbook provides context and essential concepts across the entire range of legal issues with which managers and business executives must grapple. Chapter 3 the political and legal environment facing.
Pdf the legal environment of business download read. Managers must find how upcoming legislations can affect their activities. Economic environment within a country is closely linked with the political and legal environment there. Chapter 3 the political and legal environment facing business free download as powerpoint presentation. Legal environment constitutes the laws and various legislations passed in the parliament. Many businesses are for profit organizations as opposed to a nonprofit organization or hobby job.
Igcse, gcse business studies, economics, accounting, ict revision notes for cie, aqa business studies, edexcel gcse business studies, ceca gcse business studies, ocr gcse business studies legal environment factors affecting business. Successful candidates at level 4 the legal environment,can progress to achieve the level 4 executive secretarys diploma. Introduction to legal environmentsession 1 philosophy of law classification of law torts 4. Impact of business on private sector, public sector and joint sector.
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