Académique Documents
Professionnel Documents
Culture Documents
Public Policies
Module overview
The role of public policies in governing business Government and public policy Classification, areas of public policy Need for public policy in business levels, elements of public policy Corporation and public policy, framing PP Business and politics involvement Business, govt, society and media relationship Govt regulations in business Justification of regulation, types and problems of regulation
Corporation
Political forces Political relationships Political processes Political stability Efficacy of rule of law
Technological forces New products and process Innovation Scientific discovery Investments in R&D Flow of technology
State level: applicable only to particular state Regional level: applicable to certain regions
Common agricultural policy (CAP) Sharing river water
Policy decision
Framing of policy
Powers of government
Constitutional governments
In a constitutionally elected system of governance, the will of the people and their desires get reflected in public policies.
Non-democratic governments
In non-democratic governments special interest lobbying of the leadership elite complete with illegal bribes and payments international pressure for change, public demonstration and civil disobedience play decisive role in shaping public policies
Business-govt-society-media relationship
Government
Govt represents the political voice of society. Civil society and public interest groups influence govt, which in turn attempts to influence and use societal and public interest group to influence business
Business
Media
Society
Media raises issues as a player, in keeping/placing issues in the agenda and in contributing to their resolution
Ethical failure
Regulation ensures fairness and justice, and adds this cost to the product
Stakeholder demands
Special interest groups lobby for more govt intervention in environmental conservation, consumer protection
Political advocacy
Org representing minorities and women call for govt being proactive in these areas
Industry wide
Primary social issues that affect all business Environment, safety, pensions, healthcare, employment
Media attention
Media connect globally Events are chronicled as they occur, the public and govt officials see social needs that should be highlighted Oil spillovers in ocean when ships break mid-seas, causing irreparable harm to fish, penguins
Effectiveness
Is the intended purpose achieved and what are the unintended consequences and costs?
Policy confusion
TV and cable systems of delivery has caused confusion
End of Module-4
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