What is the role of political factors affecting environment.?
Answers
An example of a political factor affecting environment is corruption because some industries pay ministers to stay quiet against actions being taken to stop the depletion of the environment for industrial purposes like chemical, epidemical and radioactive waste disposal.
Numerous external environmental elements have an impact on company both favourably and negatively. Managers of businesses must take these issues into consideration and make choices that lessen the influence of the outside world. These variables include PESTLE Analysis (political, economic, social, technical, legal, and environmental) aspects.
Any business organisation is affected by political and environmental circumstances, which can also add a risk component and result in losses or compromises to the corporation's ability to generate profits. The policies and actions of the current administration at all levels, from the federal to the municipal, can alter the political climate. To maintain a stable business climate, it is crucial for a company to plan for the diversity in governmental policies and laws.
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