Question

A manager is working in a Telecom company, what legal-political and economic factors he needs to be aware of, in managing globally?

Answer 1

Telecom Company

Each and every organization has its own special place in the market which truly creates a special identity of the organization. Telecom companies also have their own special place in the market but it also plays a very vital and important role in society to keep the people stay connected all the time. But in order to have a good and established telecom company, the organization should be established globally but there are many barriers that need to be considered while operating in different countries.

Now let us discuss the legal, political and economic factors that need to be aware of by the manager to manage a telecom company globally

Legal Factor

For any telecom company it is very crucial to maintain a good habit of working according to the legal process. Every country has its own legal standards and in order to manage a telecom company globally the manager should always stay updated with the legal directions of the countries in which they are working and these factors truly affect the operations of the company.

Political Factor

As a political platform the telecom company has to also face certain restrictions that are made by the government and these policies can change when the government changes this sometimes creates obstacles for the organization but they should be always followed in order to have a healthy relationship with the country and its government.

Economic Factor

The economy also plays a vital role for the organization to exist in the market for a longer period of time and when the economy role back it becomes very difficult for any organization to survive and even there are many telecom companies are already functioning still the situation of the economy can create a huge impact on the telecom industry and create competition as many customers switch at this situation towards a more affordable platform and company needs to attract them.