InstitutionalEnvironments

Hewayemployeesaretreated

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Unformatted text preview: operating within the country’s boundaries Laws that impose tariffs and quotas on imported goods Laws that dictate the way employees are treated Laws dictating how publically traded firms listed on major stock exchanges in the country must behave • Intellectual property rights The Physical Infrastructure Institution Institutional infrastructure is critical to the operation of businesses within a country because it facilitates business communications and the movement of goods from their source to the ultimate consumer Physical infrastructure includes such aspects as the amount and quality of roads and highways, number of telephone lines per capita, and the number of airports Countries that wish to attract foreign investment must try to develop their physical infrastructure Managerial Functions Planning involves estimating future conditions and circumstances and making decisions about appropriate courses of action Strategic planning Tactical planning Operational planning Organizing in...
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This document was uploaded on 04/08/2014.

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