The Political factor refers to how government actions, policies, and political stability affect businesses and the broader industry environment. It covers all aspects of the political environment that can influence organizational operations.
Why is the Political Factor Important?
- Political decisions can directly affect market conditions, operational costs, and the legal environment.
- Businesses in unstable political climates may face risks like policy changes, nationalization, or conflict.
- Understanding political factors helps companies mitigate risks and capitalize on favorable policies.
THE ETERNAL SOVEREIGN 