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Federal, State, And Foreign Laws With Safety And Environmental Regulation

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report. The segments include political/legal forces, economic forces, social forces, technological forces, and threats and opportunities which are facing the company.
Political/Legal Forces Hitt et al. (2014) define political force as an area which a company tries to influence and voice its opinion to the government regardless of where it competes. This segment concerns with laws and regulations between firms and local government agencies (Hitt et al., 2014) in response to either a national, regional, or local level that is enacted. Based on its annual report, B/E Aerospace believes it can be subject to federal, state, and foreign laws with safety and environmental regulation. Any violation of those standards can result in significant penalties and liabilities (“2015 Annual Report,” 2015). B/E Aerospace is responsible for any laws and regulations that are associated with waste and hazardous materials affecting the environment. The company understands that there is a high possibility of risks which will likely to happen when the company operates in several international locations such as the U.K., the Netherlands, Germany, and the Philippines (“2015 Annual Report,” 2015). Since most of its revenues come from outside of the U.S., volatile political forces might have a negative impact on its business operations and economic condition.
One of the risks the company mentioned in its report was the risk of doing business with the U.S. Government. The company believes the

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