Impact of Politics on Business between Iran and United States and Russia - Dissertation Example

Impact of Politics on Business between Iran and United s and Russia Table of Contents Introduction 3 ment of Problem 3 Research Aim andObjectives 4 Literature Review 4 Methodology 5 Report Structure 6 Work Schedule 6 References 8 Introduction Businesses regardless of their size whether small or large, have the ultimate objective of performing operations with the aim of meeting the needs of the customers and accomplishing organisational goals. In addition, businesses are required to perform their operations in adherence with social, political and environmental regulations for sustainability in the long run. The entire process of a business in the societal environment is to be governed by various legal frameworks and policies. Besides, the political trends in a nation are influenced by societal acts whether based on individuals, societies or businesses. The policies to maintain an equitable and healthy environment in the society are implemented by the government and political leaders influence the legal framework in which businesses operate and the market conditions as well. Thus, it is important for businesses to become aware regarding the political trends of a nation while initiating their plans and strategies (Elg et. al., 2012). Statement of Problem The political interfaces developed with the aim of restriction and flexibility may have an immense impact over the businesses, as these could benefits the businesses or may introduce an additional risk or threats. Besides, in different intervals, the political environment of the nation changes either in local or in federal level, which possibly have a considerable impact over the performance of the businesses. In this regard, businesses always need to remain conscious regarding the fallouts of political changes and initiatives. Moreover, in the context of the business environments of the United States (US), Iran and Russia, the political relation and its influence upon the businesses are comparatively different and businesses need to change their mode of operations with the political changes made in rules and regulations. The political systems of nations are not only relatively different, but also very complex, as they comprise various politics and economic objectives. Additionally, trade among the nations is highly deemed with prior consideration of a set of rules, regulations, policies, institutions and influences (Elg et. al., 2012). Research Aim and Objectives The proposed research will be conducted in order to determine the impact of politics upon the businesses amid the US, Iran and Russia. Correspondingly, the key objectives of the study will be as follows: To determine and identify advantages and disadvantages of political influence over the business activities To ascertain the importance of the political influence over business activities To explore the possible future prospects of the businesses among the US, Iran and Russia in relation to the impact of politics Literature Review According to Mayer & Gereffi (2010), the business code of conduct and process are being continuously changing in which political acts play a considerable role. Political influence governs the policies and working of a business in order to provide maximum security and wellbeing to the public from the activities of the businesses. For a business to perform international trading activities, proper analysis of the political influence is needed in trading nations by ensuring that legal provisions are adopted while conducting the operations. Similarly, Adeoye & Elegunde (2012) argued that the modern businesses are operating in a very dynamic environment, as various internal and external factors have an immense impact upon the succession along with operations of the businesses. Besides, it has also been affirmed that stability in the political scenario is highly integral for the businesses to effectively and efficiently perform their operations in any nation. Moreover, the political activities are directly linked with formation of the legal frameworks and policies relating to management of business operations. In this respect, business performance is highly impacted by the potential political influences and their implications. According to Spencer & Gomez (2003), an established political environment has a significant impact upon the strategies and operations of the businesses in any particular location, while the supportive political environment assists in succession of the businesses. On the other hand, restricted business policies obstruct the functioning of the businesses. Besides, in various nations, the government policies vary from one sector to another, as political policies are much stable in the traditional sectors of the economy, but are identified to be volatile in the modern sectors based on the prospective of overall economic growth (Spencer & Gomez, 2003). Methodology The objective of the proposed research is to determine the impact of politics on the business activities amid the US, Iran and Russia. Accordingly, in this proposed research, secondary data collection method will be adopted. The secondary data will be collected from different secondary sources including internet sources, journals and books relevant to the research topic. Subsequently, the collected data will be analysed by using the qualitative approach. Nevertheless, an in-depth analysis of the collected data will be performed to ascertain proper conclusion and findings upon the impact of politics for businesses amid countries (Churchill & Iacobucci, 2009, Thomas, 2003). Report Structure In order to ascertain the desired aim of the study, the proposed structure of the activities of the research will be conducted systematically as depicted below: Work Schedule The overall structure of the work schedule of the proposed research study has been depicted below: Stages of Conducting Research Number of Days Refining the Topic 5 Days Framing the Research Objectives 10 Days Literature Review 45 Days Data Collection 40 Days Data Analysis 30 Days Report Writing 40 Days Checking Probable Errors 10 Days Total 180 Days References Adeoye, A. O. & Elegunde, A. F., 2012. Impacts of External Business Environment on Organisational Performance in the Food and Beverage Industry in Nigeria. British Journal of Arts & Social Sciences, Vol. 6, No. 2, pp. 194-201. Churchill, J. & Iacobucci, D., 2009. Marketing Research: Methodological Foundations, Cengage Learning. Elg, U. et. al., 2012. Business, Society and Politics: Multinationals in Emerging Markets. Emerald Group Publishing. Mayer, F. & Gereffi, G., 2010. Regulation and Economic Globalization: Prospects and Limits of Private Governance. Business and Politics, Vol. 12, No. 3, pp. 1-25. Spencer, J. W. & Gomez, C., 2003. How Political Environment affect the Growth of the Firm: Evidence from Small and Large Enterprises in Latin America. The Center for Latin American Issues, pp. 1-26. Thomas, R. M., 2003. Blending Qualitative and Quantitative Research Methods in Theses and Dissertations. Corwin Press. Read More