Comprehensive Analysis of Business, Government & Society: EMBA 860

Verified

Added on  2023/06/15

|5
|1783
|431
Quiz and Exam
AI Summary
This document presents a student's answers to an EMBA 860 final examination focusing on the interplay of business, government, and society. The answers address topics such as the benefits and shortcomings of the Business, Government, and Society program, the concept of social license in industrial operations, the role of government relations strategies in the Canadian economy, the impact of Canada's geographical features on its political and economic landscape, and the importance of Corporate Social Responsibility (CSR) in developing new business structures. The solutions provide insights into ethical business practices, government policies, societal demands, and the challenges of operating in a globally competitive market, emphasizing the need for businesses to engage with stakeholders and consider both economic and non-economic environments.
Document Page
Running head: BUSINESS, GOVERNMENT AND SOCIETY
Business, Government and Society
Name of the Student
Name of the University
Author Note
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
1BUSINESS, GOVERNMENT AND SOCIETY
Answer 1a):
It can be said that in recent world the marketplace is highly competitive and globally
challenged and in order to progress I should enhance my skills and compete in a changing
environment in order to survive in such situation which is more politically and culturally diverse.
The Business, Government and Society program has proved beneficial for me in implementing
my skills in order to survive successfully in the globally challenged business environment in the
future. The learning associated with government helped in providing knowledge about the
different policies maintained by the government itself and at the same time how it would be
applicable to the business ethics. It is evident that government played major role in ensuring the
operation of business in an ethical manner for instance the government intervention in business
practices has helped to reduce unnecessary competition and helped to promote ethical business
practices. In this way similarly the study of society has proved to be beneficial in understanding
the social and ethical obligations of general public in business establishment for instance the
operation of certain business structures require approval of the general public of the society. The
learning associated with the study of business would be practically helpful in continuing my
career as a manager however in order to gain success in this field I should be responsive to and
aware of both non-economic and economic environments. In recent world in a growing
competition it is necessary that I should pace forward by developing highly motivating skills in
order to grab new opportunities.
Answer 1b):
The Business, Government and Society program has been very useful in providing
adequate information and knowledge about the prevailing conditions and issues related to
cultural and ethical demands of the society and the government as a whole. It has been observed
that the program however failed to provide much information to the underlying problems related
to the survival of an individual in a globally competitive market. The program however did not
provide adequate information about the survival strategies in a highly competitive business era
and shape personality and values according to it. The one particular area where the class
completely failed to meet with my expectation is regarding the study of business as the program
could not provide adequate information to support the problems related to the survival of an
employee in a competitive environment.
Answer 2:
It is to be noted that an individual firstly should develop an idea regarding the meaning of
social license which can be defined as the ongoing approval as well as acceptance associated
with the industry’s business practices as well as the operating procedures within its stakeholders
and the general public (Owen & Kemp, 2013). According to Rex Murphy, there exists no social
license because it will be difficult for the industries to operate their business however if the
government has already issued permit the general public has not granted permission regarding
the same and therefore in this way the industrial development sectors has faced a major
drawback. (Dare, Schirmer & Vanclay, 2014). It can be emphasized that though Rex Murphy’s
statement was not incorrect that social license do not exist however it can be noted that industrial
operation in a particular area requires approval of the general public due to the principle of
public policy. It can be observed that sometimes most of the industries do not get approval of the
common people when conducting any business plan on a specific site like for example a paper
Document Page
2BUSINESS, GOVERNMENT AND SOCIETY
mill is to be developed in a particular village and people are well aware of the emission of toxic
gases and the water discharges from such industry which highly pollutes the environment
therefore in such cases there is no change of getting approval from the local people and in this
way the industry faces major challenges.
Answer 5:
The federal and the provincial government plays significant role in uplifting the Canadian
economy and therefore the enterprises operating in Canada should invest in government relation
strategies (Watts, 2015). In order to initiate any new business plan in Canada it is necessary that
government ministries be involved by taking proper initiation in conducting meeting between the
enterprise and the government officials. It has been observed that the federal and provincial
governments of Canada has a well structured healthcare industry which from the very beginning
had been focusing on delivering best health care services (Kushniruk et al., 2013). It has been
noted that the interaction of government in business matters would lead to efficient working of
the sectors in order to improve their decision-making qualities. There has been increased
interaction between the government and the private sectors and however as a result of this
conflict of interests between the private enterprises ant the government has been prevalent. In
recent years it has been observed that in every jurisdiction of Canada the registration of lobbyists
has been increasing and most of the provincial legislatures of Canada have been moving forward
to create the lobbyist registry. In the beginning the people had opposed to the policy of lobbying
however it was observed that such policy contributed in promoting communications with the
public officials for the benefit of the nation. The Canadian Government has always been efficient
in understanding the needs of the enterprises however it emphasized that the industry and the
general public would be benefitted from such relationship.
Answer 6:
The most important geographical feature of Canada is the Canadian Shield which
separates it from the rest of the world. It has been observed over the years that the unique
geographical features of Canada have contributed in shaping it as a confederation other than
federation however it is known that Canada is a federation and would not be considered as a
confederation in any way. The unique geographical feature from time immemorial has created
transportation problem between the United States and Canada due to its concentration within the
population corner along the United States border. It has been observed that Quebec has formally
withdrawn from confederation and avoided the political differences so far in order to promote
friendly relations among provinces. It has been observed that some provinces of Canada had
been relying upon United States for its political and governmental development however it was
seen that the geographical boundary distinguishes Canada from the United States as the former
lies outside the boundary of the river transport system of the latter (Michalos, 2017). The
separation of the river boundary has largely affected the interests of the people of various regions
situated within the country and as a result of which conflict rose over certain issues. The location
of Canada outside the river transport system of United States has largely affected the export
culture of Canada as the Canadian river system was not efficient in carrying large amount of
products for exports. In this regard it can be stated that the unique topography has immensely
affected the political outlook of the Canadian people which largely influenced the regulations
and governance and largely affected the trading culture thus providing huge barrier to
international trade.
Document Page
3BUSINESS, GOVERNMENT AND SOCIETY
Answer 8:
In order to develop a newly planned business structure it is necessary that there must be
an effective strategy behind such initiation however Corporate Social Responsibility program
can be considered as an important policy for the purpose. It can be noted that a business model is
created to contribute immensely to the benefit of its stakeholders and at the same time for social
benefit therefore for the successful implementation of the business model it is necessary that
there should be Corporate Social Responsibility (CSR) program (Mass & Reniers, 2014). The
Corporate Social Responsibility program proved to be beneficial for implementing business
strategy in many ways like providing brand recognition, increasing sales level as well as
customer loyalty and organizational growth. It is to be kept in mind that in order to prepare a
well structured CSR program the do’s and don’ts of such policy has to be administered and for
that purpose it is necessary that the business approach be kept simple and complicated ideas
should not be involved in the first stage. It is essential to gain the trust of the customers in order
to develop ideas from their taste and preferences however the model should be created by
understanding the interests of the customers. It can be stated that for the successful strategy
implementation that one should be honest while conducting business otherwise it may lose the
trust of global customers in the long run.
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
4BUSINESS, GOVERNMENT AND SOCIETY
References
Dare, M., Schirmer, J., & Vanclay, F. (2014). Community engagement and social licence to
operate. Impact Assessment and Project Appraisal, 32(3), 188-197.
Kushniruk, A. W., Bates, D. W., Bainbridge, M., Househ, M. S., & Borycki, E. M. (2013).
National efforts to improve health information system safety in Canada, the United States
of America and England. International journal of medical informatics, 82(5), e149-e160.
Maas, S., & Reniers, G. (2014). Development of a CSR model for practice: connecting five
inherent areas of sustainable business. Journal of Cleaner Production, 64, 104-114.
Michalos, A. C. (2017). Creating a Culture of Support for the Social Sciences: Lessons from the
First Forty Years of the Social Science Federation of Canada. In Philosophical
Foundations of Quality of Life (pp. 229-289). Springer, Cham.
Owen, J. R., & Kemp, D. (2013). Social licence and mining: A critical perspective. Resources
Policy, 38(1), 29-35.
Watts, R. L. (2015). Comparing Federal Political Systems. Understanding Federalism and
Federation, 11.
chevron_up_icon
1 out of 5
circle_padding
hide_on_mobile
zoom_out_icon
[object Object]