Corporate Political Strategies and Employment at Will
June 24, 2011
Whether or not corporations should have political strategies is debatable by many strategists, corporations, and political interest groups. There are advantages and disadvantages to this issue, so to decide one has to weigh the advantages against the dis-advantages. In my opinion, corporations should consider political strategies as an essential part of their business tools. The actual and potential impact that governments have on corporations is incentive enough for them to keep informed of the different governmental, social, public, and economic issues, regulations, policies, forums, tactics, and processes that will affect them now or in the future (Hillman, Zardkooh, & …show more content…
Industry concentration is one of the important determinants of participation level (either individual or collective) in these strategies. When using collective actions, organizations can put forth a unified front, enrich the political climate, lower cost of their political actions, and make sure that industry and environmental demands are on the same page. The disadvantages of collective actions are free-riding, solving commitment problems are difficult, and the distribution of resources (Ozer & Lee, 2009). The federal government plays a very important part in international actions such as trade negotiations, economic cooperatives, and trading blocs. The economic and social motives for this increased presence and involvement in corporate issues can be attributed to greater occupational health and safety issues, equal employment opportunities, environmental protection, and the redistribution of wealth. Sometimes, specific industries or economies are randomly selected for licensing, monitoring, standards, subsidies, protection, regulations, or deregulations issues. Federal legislative processes are very important to business strategies and performance issues. During the year 2000, there were many on-going congressional debates on issues such as; trade, health care, tobacco industries, telecommunications, financial services, technologies, industrial policies, legal reform, and defense budgets (Lord, 2000).