GEB+3373+S2011+PP+Ch05+E-book-2

GEB+3373+S2011+PP+Ch05+E-book-2 - Chapter 5 Understanding...

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1 Chapter 5 Understanding Formal Institutions: Politics, Laws, and Economics GEB 3373, Spring 2011 1
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2 GEB 3373, Spring 2011 2 Determinants of the Business Environment The nation-state is a useful geographic framework for analyzing and categorizing a society in terms meaningful to business The fundamental element of this framework that defines in broad outline the other elements is the culture and value system
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3 GEB 3373, Spring 2011 3 Determinants of the Business Environment Given the cultural characteristics of a society, one can start to define the other elements required to organize, implement, and perpetuate the existence of the society and its value system These other elements include the u Political System u Legal System u Economic System
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4 GEB 3373, Spring 2011 4 Determinants of the Business Environment Collectively, these three elements of a nation- state offer a perspective of the environment faced by business in the country BUT Country-by-country analysis has limitations Not everyone in the society is alike Variations within some countries are great Similarities link groups from different countries
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5 GEB 3373, Spring 2011 5 The Political Environment A political system is the complete set of institutions, political organizations, and interest groups, the relationships amongst those institutions, and the political norms and rules that govern their functions.
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6 GEB 3373, Spring 2011 6 The Political Environment s The role of the political system is to integrate the society in order to ensure its orderly functioning and cohesion. s The political system is influenced by forces both from within and from outside a country
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7 GEB 3373, Spring 2011 7 The Political Environment How political processes operate within a society is a function of two dimensions The cultural characteristics and value system of the people How these values are channeled to form basic political ideologies
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8 GEB 3373, Spring 2011 8 The Political Environment There are two basic ways to assess political systems: Individualistic u People accept the primacy of individual freedoms in the political, economic, and cultural realms. u People believe in minimal government intervention Collectivist u People reason that the needs of society take precedence over the needs of the individual. u People believe that it is the government’s role to define the needs and priorities of the country. Collectivist paradigms can be either democratic (Japanese) or authoritarian (Chinese) in nature.
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9 GEB 3373, Spring 2011 9 Basic Political Ideologies An ideology is the systematic and integrated body of constructs, theories, and objectives that collectively constitute a sociopolitical program
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GEB 3373, Spring 2011 10 Basic Political Ideologies While some societies with largely homogeneous cultural values may agree upon a single ideological framework, most countries are culturally heterogeneous and can have several to many ideologies coexisting within the societies. These latter are called Pluralistic Societies
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GEB+3373+S2011+PP+Ch05+E-book-2 - Chapter 5 Understanding...

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