Question

1. Discuss the roles of institutions in promoting business with suitable examples. 2. Critically evaluate the impact of globalization on the internal environment of business with suitable examples. i need references as well please

Answer 1

1. Public relations PR has the responsibility of providing information to the public from different companies. It is a procedure that incorporates trends in communication that incorporate main audiences in order to enhance relations. In addition, public relations gives the company feedback from individuals to facilitate its action. Different firms have taken steps to further their business. They're influenced by aspects like actions and information, however. These are the activities normally embraced by them in their business operations. Additionally, different institutions, such as media houses and government, encourage and coordinate their activities with these organizations.

An institution is a firm recognized on the basis of aspects of religion, social, and education. These organizations currently have a major responsibility to ensure that they stick to the right business practices. These institutions have different roles which include the promotion of environmentally friendly practices. For example, NGOs have conducted various campaigns that have protected the environment from destruction. This is evident when they formulate a strong mandate to run their business and overcome these factors.

2. Increasing internationalization of national economies is globalization. The automotive industry serves as a clear example, which is well understood. Imports into the U.S. of foreign cars were relatively rare at one time, and were considered exotic. Many well-known brands in the 21st century – for example Fiat-Chrysler – have divisions of management, manufacturing and sales in several countries. Some brands with American identities manufacture automobiles in Mexico and China; brands with Japanese identities manufacture models entirely in the United States. Today, almost every car on the road contains components originating in more than one country