Dear Friends,
As we study in the literature of managing business, one of the foremost responsibility of the manager is to manage his external environment successfully and better than competitors. One such environment is Political Environment. It covers the policies of the government and other related aspects.
I came across a news item which illustrates the impact of Political environment on business decisions. Sharing the same with esteemed readers,
"The chairman of EIH Group, the flagship company of Oberoi Hotels, PRS Oberoi has said that the company is rethinking over setting up a jungle lodge in Karnataka following the temporary ban on tourism in Tiger reserves by Supreme Court."
The very prospect of the business of jungle lodge, if set up, could be jeopardized if the ban is made permanent by Supreme Court in its next hearing. So the company is cautious not to make any big ticket investment on the jungle lodge whose business prospect hinges on the further order of Supreme Court.
As we study in the literature of managing business, one of the foremost responsibility of the manager is to manage his external environment successfully and better than competitors. One such environment is Political Environment. It covers the policies of the government and other related aspects.
I came across a news item which illustrates the impact of Political environment on business decisions. Sharing the same with esteemed readers,
"The chairman of EIH Group, the flagship company of Oberoi Hotels, PRS Oberoi has said that the company is rethinking over setting up a jungle lodge in Karnataka following the temporary ban on tourism in Tiger reserves by Supreme Court."
The very prospect of the business of jungle lodge, if set up, could be jeopardized if the ban is made permanent by Supreme Court in its next hearing. So the company is cautious not to make any big ticket investment on the jungle lodge whose business prospect hinges on the further order of Supreme Court.
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