Category: Economy

Legal system of a country greatly influences the way business operates. Political and legal systems, to certain extent, determine the kind of economic system a country has and it governs the business activities. The government is the formal institutions and processes that are responsible for making and enforcing the...

Historically, politics and economy were one topic. Only recently they are being studied separately. Politics and economics have integral relations and it would not be plausible to assume the existence of one without another. Economic dimensions have impact on market and economic reforms, economic performance and system influence the...

Businesses cannot just concentrate on earning more and more through any means and tactics. They are responsible to the communities and the environment in which they operate. This is corporate social responsibility (CSR). Ethics of doing business responsibly is integrated into CSR in one way or the other. A...

While FDI could be beneficial not only for MNEs but for SMEs as well, there are mountains of challenges that SMEs faces while trying to make presence in the global platform. For fear tucked into legal, cultural, procedural and other complexities, the SMEs prefer to remain within the domestic...

Designing and implementing appropriate strategies are fundamentals for a business to make profits and maintain sustainability. Strategies are planned actions to achieve goals. Differentiation strategies result in more value creation in a product, which means the consumers are willing to pay more for the product than its actual cost....

For an international business, supply chain from finding raw materials until the finished goods are reached to the end users is very important. In an open global market, production within a country may not be profitable putting pressure on the companies to find a appropriate place for production to...