HOW PUBLIC POLICIES NEED TO ANALYZE BY BUSINESS ORGANIZATION? 1. Identification of opportunity and threat created by public policy 2. Vertical expansion ( New product launch) or horizontal expansion ( similar product launch) decision. 3. Legal responsibility and social welfare cost analysis: Pollution decrease, tax increase 4. Pricing decision: if Subsidy lower the price, entry barrier increase the price, 5. Creating long term objective and sustainable growth planing: international treaty and more liberalization prepare for advance technology, better prepare for HRm by training. 6. Better preparation for new competition and environmental changes: custom duty decrease, tax increase 7. Public policy adpatation: fiscal policy, monetary policy, industrial policy, privatization, opening of new sector for investment. 8. Research and development budget and objectives. how the public policy make the environment conducive, protection of copy right, tread mark right 9. Better utilization of public goods and public policy facility: Using the public goods for companys interest, HR send to free training, 10. Forecasting and financial planning. Interest rate, investment tax refund. Those are some of the points where business has direct link with public policy, The business organization which can adapt and adjust according to the launched policies and upcoming policies they can optimize the scare resources to valuable outcome for achievement of organizational objectives.
Posted on: Wed, 19 Nov 2014 04:05:49 +0000
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