BU111 Lecture 3: POLITICAL FACTORS
19
BU111 Full Course Notes
Verified Note
19 documents
Document Summary
Political factors: fits into the buyer box of p5f, regulator/law maker scale/only buyer in some scenarios, e. g. Set rules about content can be broadcasted: rivalry box of p5f, competition against these companies is debatable. Making it possible for new businesses to start: promotes innovation intellectual property rights (e. g. Patents: protects consumers i. e. hazardous products act, achieve social goals i. e. universal health care, education trying to, protect the environment canada water act, fisheries act . Corporate social responsibility gov"t protects marginal stakeholders: roles of the gov"t can fit into porter"s five forces. Government influence cont"d foster the well-off while facilitating needs in the market companies can and cannot do (e. g. Has bigger impact on poor than it does on the rich due to income differences taxes). earn: provider of incentives & financial assistance, subsidies, tax breaks, support services for small and large businesses, research funding.
