Control Factors in Global Business: Political, Legal, Pressure Groups & Social Media Influence
Explore the impact of political influence, legal regulations, pressure groups, and social media on controlling multinational corporations (MNCs). From trade initiatives to tax incentives, regulatory controls to social media campaigns, these factors play a crucial role in shaping MNC operations and strategies worldwide.
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Presentation Transcript
THEME 4 GLOBAL BUSINESS Discuss these quotes. 4.4.3 CONTROLLING MNCS
4.4.3 CONTROLLING MNCS In this topic you will learn about Factors to consider: political influence legal control pressure groups social media
POLITICALINFLUENCES Politicians can act to influence the operations and strategies of MNCs Trade initiatives and trade delegations offering financial and non-financial support hosting trade events How effective are trade delegations? parliamentary visits abroad to promote UK industries What evidence has there been of trade delegations following Brexit? Subsidies and tax incentives Protectionism Trading blocs
LEGALCONTROL Regulatory controls Distinguish between tax avoidance and tax evasion. competition policy employee legislation environmental protection Taxation rates to influence location decisions Both vary significantly between countries To what extent do you agree that Tesco needs to be tamed ? Should there be greater legal controls?
PRESSUREGROUPS Organisations who fight to influence the actions of others for the good of a particular cause The success of pressure groups is largely down to raising awareness of issues. This has been greatly helped by social media. Seek to influence: Government policies Consumer behaviour Business activities Actions include: Media attention Protests and lobbying Boycotting
RESEARCH In pairs select one of the following pressure groups Confederation of British Industry Greenpeace Compassion in world farming Corporate watch Draw a mind map to show how the actions of the pressure group contributes towards the control of MNCs
SOCIALMEDIA Social media is the use of virtual communities to communicate with actual and potential customers e.g. the use of blogs, online forums, viral marketing, podcasts, social networking sites Reach a wide audience including: global reach younger demographic How did the WWF harness the power of social media? culture of sharing i.e. like, share, favourite, retweet etc. Powerful way to raise awareness using a range of media
4.4.3 CONTROLLING MNCS In this topic you have learnt about Factors to consider: political influence legal control pressure groups social media
