Unit 1 The Business Environment
[Pick the date]
Unit 1 (P6) – Describe how political, legal and social factors are
impacting upon the business activities of the selected
organisations and their stakeholders.
Samsung has been considered as one of the best global industry. In the whole
world, the products of Samsung have been used and are admired by the people from
every domain and background. From mobile phones to the electronic devices
Samsung has been serving the Industry and the society in good terms. Samsung
basically deals with white goods. The company has been owned by a South Korean
family. Samsung has been a company which is highly dynamic in nature. In order to
maintain the market, Samsung should always consider the certain facts and
analysis. Samsung has covered so many countries in the world, therefore it is
important to analyse certain external as well as internal factors.
Political Factors
The political factors are most of the time not very much influential in the way of the
progress of the companies like Samsung. The company is away from the political
scenario of the state in which the country is operating. However, in recent times
there are certain things like the peace of the state and the political instability which
laid direct impact on the company. A country with political instability becomes a war
prone area and the sale of the white good items became low. It could be analysed
from the example that the recent conflicts in Korea have greatly affected the
company as a whole. Overall, Samsung operates in markets with benign political
factors. Recently, it faced weighty political headwinds South Korea. The reason
behind this problem is tensions with North Korea. Samsung had to consider not only
political instability. It worried that war would break out in the Korean
Peninsula. Samsung also faces political pressures in many Latin American and
African countries. The political environment is unstable in these locations. They are
prone to frequent changes in governing structures. In most of the markets where
Samsung operates, the political environment is conducive to its operations and
though there are minor irritants in some of the foreign markets like India, overall
Samsung can be said to be operating in markets where the political factors are
benign. However, in recent months, it has faced significant political headwinds in its
home country of South Korea because of the country’s tensions with North Korea
wherein the company has had to take into account not only the political instability but
also the threat of war breaking out in the Korean Peninsula. Apart from this,
Samsung faces political pressures in many African and Latin American countries
where the political environment is unstable and prone to frequent changes in the
governing structures. Of course, this is not yet a major cause for worry as the
company has more or less factored the political instability into its strategic
calculations.
Legal Factors
For the global company like Samsung which has many rivals like Apple. Samsung
has to be very much vigilant about the legal issues like copy and other pirated
issues. Apple has many times blamed Samsung for copying their design and
features. In this perspective, Samsung has to face many penalties. Apart from this
many times, Samsung has been accused of not paying much to its employees as
1
[Pick the date]
Unit 1 (P6) – Describe how political, legal and social factors are
impacting upon the business activities of the selected
organisations and their stakeholders.
Samsung has been considered as one of the best global industry. In the whole
world, the products of Samsung have been used and are admired by the people from
every domain and background. From mobile phones to the electronic devices
Samsung has been serving the Industry and the society in good terms. Samsung
basically deals with white goods. The company has been owned by a South Korean
family. Samsung has been a company which is highly dynamic in nature. In order to
maintain the market, Samsung should always consider the certain facts and
analysis. Samsung has covered so many countries in the world, therefore it is
important to analyse certain external as well as internal factors.
Political Factors
The political factors are most of the time not very much influential in the way of the
progress of the companies like Samsung. The company is away from the political
scenario of the state in which the country is operating. However, in recent times
there are certain things like the peace of the state and the political instability which
laid direct impact on the company. A country with political instability becomes a war
prone area and the sale of the white good items became low. It could be analysed
from the example that the recent conflicts in Korea have greatly affected the
company as a whole. Overall, Samsung operates in markets with benign political
factors. Recently, it faced weighty political headwinds South Korea. The reason
behind this problem is tensions with North Korea. Samsung had to consider not only
political instability. It worried that war would break out in the Korean
Peninsula. Samsung also faces political pressures in many Latin American and
African countries. The political environment is unstable in these locations. They are
prone to frequent changes in governing structures. In most of the markets where
Samsung operates, the political environment is conducive to its operations and
though there are minor irritants in some of the foreign markets like India, overall
Samsung can be said to be operating in markets where the political factors are
benign. However, in recent months, it has faced significant political headwinds in its
home country of South Korea because of the country’s tensions with North Korea
wherein the company has had to take into account not only the political instability but
also the threat of war breaking out in the Korean Peninsula. Apart from this,
Samsung faces political pressures in many African and Latin American countries
where the political environment is unstable and prone to frequent changes in the
governing structures. Of course, this is not yet a major cause for worry as the
company has more or less factored the political instability into its strategic
calculations.
Legal Factors
For the global company like Samsung which has many rivals like Apple. Samsung
has to be very much vigilant about the legal issues like copy and other pirated
issues. Apple has many times blamed Samsung for copying their design and
features. In this perspective, Samsung has to face many penalties. Apart from this
many times, Samsung has been accused of not paying much to its employees as
1
