Company Essay Example | Topics and Well Written Essays - 250 words

Company - Essay Example Laws on incorporation and existence of business entities, and interaction between persons are other elements of the legal system that the company must identify before entering to a market. Political stability and political goodwill to foster economic growth are the elements of political systems that the company must consider before venturing into a market (Butterworth-Heinemann n.p.). Egypt’s political system identifies a powerful executive arm of the government that has authority over local government and the legislature. The president makes major appointments and has power to dissolve the parliament. The legal system identifies an independent judiciary (International Business Publications 32, 33). Unlike Egypt, Mexico has a decentralized political system in which other levels of the government and local and international private stakeholders participates in decision making processes. The legal system also has a formal structure that identifies consistency and effectiveness (Organization for Economic Co-operation and Development 94). Vietnam has a similar monopolistic political system to Egypt and a highly regulated legal system that aims at protecting the political system (Gillespie and Chen 17). The political and legal system in Egypt and Vietnam would require Spyder Active Sports to research on trends in the governments’ control of the economy a nd the government’s injustices to business organizations before venturing into the markets. This will derail plans to venture into the two economies while the political and legal system in Mexico identifies strong legal system and a democratic political system that safeguards interests of private stakeholders and would facilitate faster venture into the