Reflect on the assigned readings for the week. Identify what you thought was the most important concept(s), method(s), term(s), and/or any other thing that you felt was worthy of your understanding. A

Reflect on the assigned readings for the week. Identify what you thought was the most important concept(s), method(s), term(s), and/or any other thing that you felt was worthy of your understanding.

Also, provide a graduate-level response to each of the following questions:

1. Identify and compare the four reasons why governments turn to regulation as a way to solve their problems.
2. Prepare a strong argument in favor of and in opposition to businesses being involved in the political process.
3. Briefly describe the public policy process of a foreign country and its implication on the business political activity in that country.

[Your post should be based upon the assigned reading for the week, so the textbook should be a source listed in your reference section and cited within the body of the text. Other sources are not required but feel free to use them if they aid in your discussion].

[Your post should be at least500 wordsand in APA format (including Times New Roman with font size 12 and double spaced). Post the actual body of your paper in the discussion thread then attach a Word version of the paper for APA review]

[Your posting should be completed byThursday at 11:59 p.m. EST.]

Assigned Readings:

Chapter 7:Business Government Relations

Learning Objectives:

1. Understanding why sometimes governments and business collaborate and other times work in opposition to each other.
2. Defining public policy and the elements of the public policy process.
3. Explaining the reasons for regulation.
4. Knowing the major types of government regulation of business.
5. Identifying the purpose of antitrust laws and the remedies that may be imposed.
6. Comparing the costs and benefits of regulation for business and society.
7. Examining the conditions that affect the regulation of business in a global context.

Chapter 8:Influencing the Political Environment

Learning Objectives:

1. Understanding the arguments for and against business participation in the political process.
2. Knowing the types of corporate political strategies and the influences on an organization’s development of a particular strategy.
3. Assessing the tactics businesses can use to be involved in the political process.
4. Examining the role of the public affairs department and its staff.
5. Recognizing the challenges business faces in managing business-government relations in different countries.

Chapter 9:Sustainable Development and GlobalBusiness

Learning Objectives:

1. Understanding how business and society interact within the natural environment.
2. Defining sustainable development.
3. Recognizing the ways in which population growth and economic development interact with the world’s ecological crisis.
4. Examining common environmental issues, including climate change, that are shared by all nations and businesses.
5. Analyzing the steps both large and small businesses can take globally to reduce ecological damage and promote sustainable development.
6. Describing the leading global codes of environmental conduct.