Discuss about the Concepts of Business and government.
The article includes brief information on business and government. The article deals with the clear understanding of the concepts about the business environment. It includes the discussion on the regulations and function of government, business and civil society in creation of sustainable organization. It concludes by giving a summary on the viewpoint of disentangling governance and the regulation measures by the government, business and the civil society.
Disentangling governance: an overview
Business and government are two different governing bodies with their respective powers and functions (Dibie 2017). When the government functions the powers for the business benefits, it is public sector business. It includes business products and services in relation to government or public sectors through communications, advertisements and internets. Business and government correlated to each other (Dong 2017). Business and organizations are the main creators of the entire economy. Whether it is a planned economy or else market driven economy government controls the entire system using their powers and regulations in order to maintain the stability. To maintain steady growth rates, business also cooperates equally by following government rules and regulations.
An organization includes various types and nature of stakeholders that relates to the business and the organization. When the regulation body is the organization itself then it is consider as self-governance (Jaskyte 2017). Powers and functioning of the organization influence by the stakeholders in case of organization. As regulation undertaken by the business, therefore it is regulation by business. When the government undertakes the regulation, it is regulation by the government and regulation by civil society includes nongovernmental organizations, charitable trust and foundations groups.
To make a statement on disentangling of the governance and to know who governs it and how it functions in business sustainability, one needs to analyze the regulation pattern of different governing bodies. In case of organization regulation, then organization tries to influence the government to behave in such a way to achieve maximum benefit (Page and Tarp 2017). In order to earn maximum profit sometime these organizations cross the line of demarcation due to which disentangling of the government regulations take place. Regulation of government sometimes leads to disentangle because there are instances occur when the set rules and regulations not labeled as mandatory. Government body directly influences the organization work atmosphere by creating norms and regulations. Government regulations can be hard and soft depending on the situation and work place. Hard rules and regulations include laws, economic instruments like tax, trade schemes. Soft regulation includes judicial powers like accessing and monitoring the data, fiscal policy, and various policies in effective sustainable business growth. The civil organization is a standard regulatory body that pressurizes both business and the government in an informal way. They steer business by demanding the formal standards of rules and regulations. These are the different roles performed by different authorities in disentangling of regulations.
Due to heterogeneity and complex nature of the regulating bodies, therefore, it is difficult to identify which regulating authority creates disentangling of the governance. To solve this problem, there must be certain systematic division of roles and authority to list out in relation to monitoring, reporting, managing and sanctioning of the roles in order to create effective and stable economy.
The given article gives information regarding the business and the government. It describes the different regulation practiced by the three different authorities. It also includes the impact of the functioning of the business executives, government and the civil authority. The article gives the reasons to what led the disentanglement of the regulation and the reason about the disentangling of the regulations.
Dibie, R.A., 2017. An 1 Overview of Government and Business Relations. Business and Government Relations in Africa, p.1.
Dong, M.C., 2017. School of Business.
Jaskyte, K., 2017. Voluntary Membership and Well-Being of Nonprofit, Government, and Business Employees. VOLUNTAS: International Journal of Voluntary and Nonprofit Organizations, 28(1), pp.358-378.
Page, J. and Tarp, F. eds., 2017. The Practice of Industrial Policy: Government—Business Coordination in Africa and East Asia. Oxford University Press.