Contents: The Pendulum of Government’s Role in Business, The Roles of Government and Business, Interaction of Business, Government, and the Public, Government’s Nonregulatory Influence on Business, Government’s Regulatory Influences on Business, Deregulation. | © 2015 Cengage Learning Chapter 11 Business, Government, and Regulation © 2015 Cengage Learning Learning Outcomes Articulate a brief history of government’s role in its relationship with business. Appreciate the complex interactions among business, government, and the public. Identify and describe government’s nonregulatory influences, especially the concepts of industrial policy and privatization. Explain government regulation and identify the major reasons for regulation, the types of regulation, and issues arising out of deregulation. Provide a perspective on privatization versus federalization, along with accompanying trends. © 2015 Cengage Learning Chapter Outline The Pendulum of Government’s Role in Business The Roles of Government and Business Interaction of Business, Government, and the Public Government’s Nonregulatory Influence on Business Government’s Regulatory Influences on Business Deregulation Summary Key Terms © 2015 Cengage Learning Business, . | © 2015 Cengage Learning Chapter 11 Business, Government, and Regulation © 2015 Cengage Learning Learning Outcomes Articulate a brief history of government’s role in its relationship with business. Appreciate the complex interactions among business, government, and the public. Identify and describe government’s nonregulatory influences, especially the concepts of industrial policy and privatization. Explain government regulation and identify the major reasons for regulation, the types of regulation, and issues arising out of deregulation. Provide a perspective on privatization versus federalization, along with accompanying trends. © 2015 Cengage Learning Chapter Outline The Pendulum of Government’s Role in Business The Roles of Government and Business Interaction of Business, Government, and the Public Government’s Nonregulatory Influence on Business Government’s Regulatory Influences on Business Deregulation Summary Key Terms © 2015 Cengage Learning Business, Government, and Regulation The government tends to become involved in business after serious problems arise, and there has been no shortage of problems. The first decade of the 21st century saw the tech stock plunge, and the Enron, WorldCom and other scandals. The collapse of the housing market put the economy on the brink of collapse. That decade swung the pendulum of government involvement in business from minimal to major player. © 2015 Cengagje Learning The Pendulum of Government’s Role in Business The areas in which government regulates change, and its varying roles increase the complexity of its relationship with business. Government can: Determine the rules of the game Be a major purchaser with buying power that can affect a business’ or industry’s chances of survival Strengthen some businesses and weaken others Create new businesses and industries through subsidization and privatization © 2015 Cengage Learning The Roles of Government and Business For effective management, .
