Politico legal atmosphere | Legal Philosophy

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Business in fact is an economic activity; ;however, business, managers, to be effective, must also consider the non-economic environment of business.

Government has its own form, structure, style and philosophy and depending upon the nature of Government at work, business has to organize its activity; the businessmen have to define their respective business strategy and business tactics.

• The form of government;
• The strength of opposition;
• Political stability;
• Velocity of Government policies; plans and programs;
• Socio-economic legislations and
• The politico legal institutions

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Government formulates and executes a number of policies and programs and in case the Government frequently changes its industrial licensing policy, tax policy or trade policy and the like, then it unnerves the business sector and thereby affects business investment and related activities.

Stable policies build up business confidence and help corporate planning.

Source: http://www.legalphilosophy.org/politico-legal-atmosphere.html/

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