Question

Explain how political pressures affect delays in making decisions about the industry in general?

Answer 1

Answer:

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Answer 2

Political pressure can hinder the decision-making process and result in loss of business.

Explanation:

• Pressure from politicians affects decision-making in industries on a daily basis.
• In a developing economy like India, many industries have various influential people as their shareholders.
• When the shareholders are unable to reach a decision on time, the action cannot be taken and is delayed.
• This could result in loss of business as well as added costs.
• Political pressure is also put in form of various arbitrary rules due to which the companies cannot take certain actions affecting their business and earning potential.