Nationalization of Bolvia's Oil and Gas Sector

Political: this inturns the legislation and government rules of the country that may influence and pose as a threat to the business,

Prosperity can be defined as “the condition of being successful or thriving; especially: economic well-being” (Webster Dictionary). A state of prosperity means that a nation, an individual, a business, etc., is producing a good or a service and is making a profit off of that good or service. In the United States our businesses make up our economy.

The prospect of deprivatization will impact managers of privatized firms because under this policy, certain past privatization would be declare illegal and the transactions would be reversed. These privatized firms would have to be either run as a state-owned enterprise or sold to another party.

Nonetheless, government intervention can at times pose problems for organizations since in some cases; decisions by the government may be liable to external and political pressures and may at times be bad for the organizations and the economy at large. Additionally, the best decider on whether or not to produce and when to do so is the Market and in extension, organizations. However, with government Intervention, the freedom of organizations to do so may be hindered.

Performance appraisal is an evaluation and grading exercise undertaken in organizations to achieve several objectives such as employee motivation, identification of training needs, rewards and remuneration, employee development through feedback etc. [Fig. 1]. All methods for performance appraisal have several advantages and disadvantages based on location of the firm, socio-economic environment, vision and mission of the firm, organizational structure and other factors. Organizations in different industrial sectors may have different focus areas of work and different values and thus, expectations from employees vary across sectors.

Problems facing regulatory government supports deregulation. First, the cost in regulatory jurisdictions is quite high. Regulated markets tend to offer fewer benefits to society than free markets. Also, private sectors are self-regulating by employing independent external auditors whereas it is a general observation that lawsuits are an incentive to provision quality services by firms. Regulation reforms enshrined in the constitution monitor the legislation, executive and judicial structure of the regulatory agencies as the government seeks to create and maintain a better working environment in the society. Traditional managerial approach to governing administration is characterized by red-tape and bureaucratic one sided decision making whereas the new public management approach focuses mainly on bilateral decision-making and is compliance-oriented. Political strategies have transformed from a self-centered, corrupt inclusion in the agencies to a more open centered approach that focuses on its citizens’ welfare, just as the legalistic approach focuses on maintaining reasonability in the regulation process with keen observation of the rule of

The legal and political environment can impact business organizations in many ways. It could add a risk factor and lead to a major loss. Company should understand that the political factors have the power to change results. It can also affect government policies at local to federal level. (PESTLE Analysis, 2015)

On the other hand, poor performance, or mediocre performance may lead to negative appraisals and consequences, including job termination or withholding of bonuses, awards, and promotions. Performance appraisals are a systemic means of ensuring quality of work performance, and thus achieving the strategic objectives and advancing the goals of the organization. These performance appraisals, in order to be effective, must be applied in a uniform, objective, fair and consistent manner over time. In addition, the expectations of the performance appraisal must be clearly understood and agreed upon by the supervisor and the employee. Objectivity and fairness in the appraisal system build trust in the organization as well as high morale among employees.

The main aim is to ensure sustainable growth, generate jobs, investment, infrastructure, and revenues for governments and local communities, hence supporting economic development and improve quality of life for millions of people.

China and India they both have bureaucracy systems created by history and tradition. Since the establishment of China’s market in foreign investors in 1978 and India’s market in 1991, they have slowly been, moving from centrally planned economic system towards decentralization. However, in spite of their continuous movement in order to provide a business environment, some significant problems still exist.

In accordance the general theory of economic growth, promote economic growth is increase the amount of resources and improve

The country should also promote the development of industries. These are able to employ a lot of people. In addition, the government should make it easy for industries and the private sector to obtain funding.

Performance appraisal process if made clear and transparent can help a lot to avert low morale in employees. Fair, trustworthy, and transparent processes for performances management and resource allocation help to meet people’s drive to defend.

“The greater the level of involvement of a company in foreign markets, the greater the need for it to monitor the political climate of the business.” In relation to the effect of a country’s political environment on a company’s performance, analyze how the political environment of Czechoslovakia impacted Skoda? ( 18 marks)

In order to identify the key aspects that could interfere in the country’s future behaviour it is advisable to have some historical knowledge of that country. Highlights over the main historical data could provide a good comprehension about key factors which shape the behaviour of the society, the private sector, the government, the legal environment, the economical, and political relationships with the neighbouring nations and the world as a whole. The structure of the government and its features like political and administrative organization are also relevant aspects. The political forces which act in the country, theirs representatives and the main national issues can give an important vision