Compare and contrast the Domestic Economic Environment with the company's Global Economic Environment, using the 2 foreign countries you selected, applying Rostow and Galbraith.

The Political-Legal Environment includes all laws, government agencies, and lobbying groups that influence or restrict individuals or organizations in their society. The political environment also is about how changes in government policy might affect the business. The legal environment is about how legislation and related regulations in society affect the business, i.e. changes in employment laws on working hours. Lesson 5 covers the Political-Legal Environment. The Socio-Cultural Environment consists of how consumers, households and communities behave and their beliefs. For instance, changes in attitude towards health, or a greater number of pensioners in a population. The Socio-Cultural Environment includes language, aesthetics, education, religion, attitudes, values, social groups & organizations, and business custom practices. You will now begin to compare the social and cultural environments of the domestic and global cultures of your chosen worst company. Lesson 6 covers the Socio-Cultural Environment. The Economic Environment consists of economic factors such as employment, income, inflation, interest rates, productivity, and wealth, which influence the buying behavior of consumers and firms. You will analyze the economic environment of both your domestic and global countries for your worst company. Lesson 7 covers the Economic Environment. For the global analysis use the same two foreign countries you identified/compared in the Week 4 Assignment (NOT Mexico or Canada): 1. Identify and describe the Political-Legal Environments of your company domestically and globally. 2. Identify the Socio-Cultural Environment of your company domestically and globally, including analysis of opposing cultures domestic vs foreign using Hofstede’s clusters(s). Include: a. Identify the socio-cultural parts of each country (you will need to examine these with the aid of Geert Hofstede’s 6 dimensions); b. How do these socio-cultural aspects of each country differ? c. What are the similarities? 3. Using your worst company’s domestic environment identify its Economic Environment. Compare and contrast the Domestic Economic Environment with the company’s Global Economic Environment, using the 2 foreign countries you selected, applying Rostow and Galbraith.