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    Lecture 8 Module 4.2

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    Lecture 8 Module 4.2

    Uploaded by

    Kanza Naeem
    7 views12 pages

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    Copyright:

    © All Rights Reserved
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    Download as pptx, pdf, or txt
    7 views12 pages

    Lecture 8 Module 4.2

    Uploaded by

    Kanza Naeem

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 12

    04/26/2024

    MGT501
    Business Environment

    Lecture 8: Module 4.2

    Government

    Lecture Presenter: Peter Goldsmith


    Key Concepts of Module 4.2

    • Who is Government

    • The role of government in


    Agenda external business environment

    • Government related factors in


    PESTLE
    Government

    The 2 Most Powerful Stakeholders

    Governments & Consumers


    are the two most important stakeholders in the
    “Business Environment”, Why?
    Government Cont.
    Who is the Government?

    “Government”
    can be seen as a regulator, a business
    4
    partner, or an advocate.
    Moreover, government is also an
    “External Stakeholder” and
    part of macro-environmental factor.
    Government Cont.

    Other Prominent funtions of government

    Includes making laws and regulations, as well as


    creating and implementing policies to guide 5

    economic developments, political expediency,


    developing and enhamcing public services.

    Government can influence the economy through


    fiscal and monetary policies.
    Government Powers

    Government also have very Powerful Influences.


    They Include:

    Political
    6

    Legislative Power

    Economic
    Government Powers Cont.

    Macroenvironment Factors

    7
    Since the government has political, legislative
    and economic powers, its decisions have
    profound impact on the business
    environment.
    Government Powers Cont.

    Macroenvironment Factors

    In addition to political, legal and economic 8

    factors, government actions also affect the


    social, environmental, and technological
    aspects of society.
    Government and PESTEL Analysis
    PESTEL stands for Political, Economic Social Cultural,
    Technological, Environmental and Legal..

    PESTEL analysis is used to identify business threats and


    opportunities in the macro environment.
    9
    But the final outcome of each PESTEL factors is influenced
    by direct and indirect actions of the Government.

    Some Direct and Indirect Actions of Government are


    outline thus…..
    Gogernment and PESTEL Analysis Cont.
    Political ECONOMIC Social

    • Health
    Consciousness
    • Government policy • Education Level
    • Political stability • Economic Trends • Population Growth
    • Bureaucracy • Growth Rates Rate
    • Corruption • Inflation Rate • Lifestyles 10
    • Tax Policy • Interest Rates • Buying Habits
    • Trade Control • Exchange Rates • Religion and Beliefs
    (import vs export) • Unemployment • Age Distribution
    • Import Restrictions Trends • Family
    • Competition • Taxation
    Size/structure
    Regulation • Minorities, Migration
    • Life Expectancy
    Gogernment and PESTEL Analysis Cont.
    Technological Legal Environmental

    • Infrastructure Level • Anti-trust Law • Weather


    • Rate of • Discrimination Law • Climate Change
    Technological • Copyright, Patents • Laws Regulating
    Change • Intellectual Environment 11
    • Spending on R&D Property Law Pollution
    • Technology • Consumer • Air and Water
    Incentives Protection Pollution
    • Legislation • Employment Law • Recycling
    Regarding • Health and Safety • Waste Management
    Technology Law • Carbon Footprint
    • Data Protection
    End of module 4.2

    Summary

    Thanks for Listening

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