INSTITUTE: Chandigarh University

DEPARTMENT: University School of Business -

MBA
Subject Name and Code: Business, Society and Law 20BAT611
Faculty Name: Dr Sandeep Singh
Assistant Professor

TOPIC OF PRESENTATION
DISCOVER . LEARN . EMPOWER
Relationship Between business and politics
 Business, Society
and Law

Course Outcomes Will be covered in this

CO Title Level lecture
Number

CO1 To understand fundamental concepts of business Remember

environment.  
CO2 To comprehend how distinct components of business Understand
environment influence on business.  

CO3 To interpret how global business environment affects Understand

domestic businesses

3
 Learning Objective

• Understanding the meaning the aspects of relations between

the business and Politics.

4
Relationship between business and Politics

5
 Business environment
• Business Environment is sum or collection of all internal and external
factors such as employees, customers needs and expectations, supply
and demand, management, clients, suppliers, owners, activities by
government, innovation in technology, social trends, market trends,
economic changes, etc.

• Political environment Government actions which affects the

operations of a company or business. These actions may be on local,
regional, national or international level. Business owners and
managers pay close attention to the political environment to gauge
how government actions will affect their company.
 Political factors

• Government stability/instability

• Corruption level

• Tax policies

• Freedom of press

• Government regulation and deregulation

• Special tariffs
 Political factors

• Political action committees

• Government involvement in trade unions and

agreements

• Competition regulation

• Voter participation rates

• Amount of government protests

 Political factors

• Defence expenditures
•Level of government subsidies

•Bilateral relationships

•Import-export regulation/restrictions

•Trade control

•Lobbying activities

•Size of government budgets.

 How Business Organizations Influences the Government

• Personal conducts and lobbying

• Forming trade unions and chamber of commerce

• Political action committees

• Large investment

• Using manpower indirectly during election process

 How Government Influences the Business
Organizations

• Both, directly and indirectly, implementing rules and regulations.

• Creates special agencies to monitor and control certain aspects of business

activity.

• Monitoring the outer operations by government which affect the operations of

business organisation

• Tax incentives and tax policies

• Penalties

• Special relaxations provided by government

COURSE OUTCOME
• The student will understand how business is affected by relationship
with Politics. How both affect each other
References
• https://Relationship Btw buss and politics
• https://www.businessmanagementideas.com/business/relationship-
between-business-and-government/17149
 Suggestive reading

• Paul, J. 2018. Business Environment: Text and Cases, 4thEdition, Tata McGraw
Hill, India,

• Cherunilam, F. 2017. Business Environment: Text and Cases.26thEdition,

Himalaya Publishing, India, ISBN: 978-9352733361.

• Business Environment, 13th Edition, Pearson Education India, India, ISBN:

9788131731581.
Assessment Pattern

16
THANK YOU

For queries
Email: Sandeep.e8875@cumail.in