Government and Society

Government and Society

Government and society play an important role in shaping the business world in a given country. This is because the government regulates and puts the right systems in place that are required to ensure the smooth running of businesses. It controls all the avenues and system to ensure that there is the good interaction with the public and the private sector. This is achieved in various ways at will be discussed in the essay. Further, the society plays its own role, as it is the people who do business for their own benefit and that of the government. However, various factors affect the way the society does business, as it will be discussed in the essay below. The essay will focus on how the society and the government influence the way of doing business across the globe and in the individual countries. A number of ideas shaped the way of doing business by both the government and the society over the past years which has brought many changes, both positive and negative to the business world.

Government

The government plays an important role in regulations of all business activities in a given country. It is mandated to develop and implement policies that will promote peaceful coexistence of both the public and the private sector as they interact and business (Goen, Grant, & Wilson 2010). For instance, the president being the head of the national government appoints the head of key leaders in the key sectors that affect and influence business in the country. Further, he or she plays the role of signing bills that have been passed by the parliament to ensure smooth running of the business and hence that of the economy (Wilson & Maguire 2013). Various ideas have shaped the way of doing business by the government.

To start with, there has been an increase in cyber security issues across the globe. This has been as a result of the advancement in the levels of technology that has promoted e-commerce across all countries of the world (Voeller 2014). Most cyber frauds have taken the advantage of stealing from the people who are not well conversant with how the systems work. Hence, the government has been forced to lay some strategies that will help curb and eliminate this issue among the international communities. Again, all business communities across the globe have been asked to take the necessary precautionary measures f not providing their entire private and details to unknown companies concerning their credit and debit cards to avoid such instances (Bayuk 2010).

Again, cyber bullying in various forms has been on the rise over the past few years. This does not mean well for the international community (Stuckey 2013). Therefore, most governments have taken the mandate to take charge and control this issue, as it is required.

Secondly, most heads of countries around the world have taken charge of ensuring a good coexistence through diplomacy. For instance, in the year 2015, the global entrepreneurship summit brought business leaders across the globe together in Kenya where president Barrack Obama crowned the summit through his presence and that of the most respected global leaders in business. This promoted Kenya as a country as well as Africa as a continent. The private sector got a chance to explore and learn about the opportunities that are available and can be invested in especially in Africa (Ascher & Krupp 2010). Hence, we can say that through international diplomacy, most leaders of countries in the world were able to get exposure to the opportunities that are available across the globe and hence invest in them. The ideas brought together especially in this summit clearly changed the way of doing business (Ahrweiler 2010).

Another idea that has shaped the way of doing business especially among the international community is the role of governments in individual countries in controlling the exchange rates, valuation, and devaluation of currencies in the international market (Keegan 2015). Almost all countries have been affected by the global recession over the years. Hence, most governments have taken the mandate of ensuring that their currencies remain strong against devaluation by controlling the imports and exports of their countries (Barbatande, Swaray, & Truler 2011). Thus, most governments, especially in the United Kingdom, developed and implemented various trade restrictions that will enable their country as well as their economy remain strong and relevant in the global market and in the way of doing business.

Also, most governments have stimulated the private sector investments in their countries in order to improve service delivery in their countries (Ngugen 2010). As we all know, the private sector plays an important role in the economy by investing and providing services which the government cannot be able to provide in the right way. Mostly, the governments have promoted private investments in Health, infrastructure and education. For instance, the private sector has greatly invested in Health sector in order to improve service delivery by providing services which the government cannot be able to provide (Mahtaney 2013). This has received positive feedback as most citizens are satisfied which the kinds of services which they are receiving although they are forced to pay more for them.

Further, the improved infrastructure in most countries has greatly improved the way of doing business. For instance, development and advancement in the levels of technology especially the use of fibre optic across most countries of the world has promoted e-commerce in various ways. This has been further improved by the innovations and inventions in various sectors of the economy (Buckley 2013). Again, the private sector has greatly contributed to the development of the infrastructure in various sectors of the economy. For instance, most of the private development that is currently happening has been partially supported by the government through various incentives.

Also, most governments have aimed at ensuring and promoting sustainable economic development in their countries and across the globe. This has been achieved by ensuring that there is positive coexistence and involvement while formulating and implementing various policies that are meant to spur economic development in their countries. Public and private partnership has been greatly encouraged in order to improve the way of doing business in various countries (Welfens 2007). This is expected to improve both the local and the international trade, as most governments and business leaders across the globe will be able to make and seal deals that will lead to development and improvement of their economies.

Additionally, most governments, especially in the United Kingdom, have ensured that there is a quick access to financial services (Cobham 2002). This has been made possible by ensuring that the lending rates are quite fair to all business people in their country. Once a country has a stable government, the lending rates remain favourable to all the business communities (Gibson 1996).

Finally, most governments have removed trade restrictions in order to promote both local and international trade. This has enabled countries to easily import and export their products and services to various countries across the globe (Mavroids & Blatter 2003). However, some governments, especially in Africa, have not completely removed the trade restrictions in order to control dumping by the international business communities in their countries where their economies are still struggling (Kotabe & Autakh 2002). Therefore, it is quite clear that most of these ideas have greatly shaped by the private and public sector partnerships in order to improve the way of doing business across the globe. These ideas have had a positive impact in most economies across the globe (Thoyer & Martimort 2007).

Society

It has played a significant role in influencing the way of doing business in various ways across the globe. Various ideas have shaped the way of doing the business in various countries. Firstly, there has been on the rise of private and non-government organizations operating and providing various services to the communities. When most people in a given society have been able to live on the minimum wage, the private sector plays an important role in ensuring that there are quality products and services that fit their economic class. Hence, this is why the private sector has greatly improved services in sectors such as in health and infrastructure (Driver 2010).

Further, the society has also urged the governments to improve the security systems especially in this era where there has been a rise in the issues and cases of terrorism in various parts of the world by terror groups such as their ISIS and Alshabab. Most countries have demanded accountability and protection from their governments to provide security. However, some people have resulted in providing security from the private sector as they do not believe that the government can be able to do so adequately. Hence, we can attest that such ideas have brought different ideas in doing business especially when it comes to matters of security.

Again, the society, in general, has come up with inventions and innovations that are meant to improve the way of life. For instance, e-commerce has ensured that people are able to trade over the internet in different parts of the world. Generally, this has improved the way of life for people in different countries across the globe. Also, the population patterns have also influenced the consumption patterns across the globe. Therefore, the use of social media platforms for businesses in order to understand the trends in different age groups and provide what is believed to be trending. Hence, we can ascertain that the latest trends in the demographic have resulted in different ideas in the way of doing business.

 

Bibliography

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Nguyễn, TT 2010, Knowledge economy and sustainable economic development a critical review, De Gruyter Saur, Berlin.

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