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Unformatted text preview: becoming more educated, the population aging, minorities becoming more influential, people looking for local rather than federal solutions to problems, and fixation on POLITICAL, GOVERNMENTAL, AND LEGAL FORCES • Political, Governmental, and Legal Factors Represent Key Forces . Federal, state, local, and foreign governments are major regulators, deregulators, subsidizers, employers, and customers of organizations. • Political, governmental, and legal factors therefore can represent key opportunities or threats for both small and large organizations. 1. For industries and firms that depend heavily on government contracts or subsidies, political forecasts can be the most important part of an external audit. 2. Changes in patent laws, antitrust legislation, tax rates, and lobbying activities can affect firms significantly. POLITICAL, GOVERNMENTAL, AND LEGAL FORCES • The increasing global interdependence among economies, markets, governments, and organizations make it imperative that firms consider the possible impact of political variables on the formulation and implementation of co...
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This document was uploaded on 02/19/2014.

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