The Influence of Politics in Business

The Influence of Politics in Business

The Influence of Politics in Business

Politics and business have been intertwined since the beginning of time. When running a business, you must consider what legislation may be passed in the future and how laws will affect your livelihood. If you do not take the time to become informed, you may be faced with some less-than-desirable outcomes. Please look at the history of politics and business throughout the years explained by Dr. Jordan Sudberg and discover how they have affected one another.

Ways in which politics influence business

1. The government can effectively legislate against businesses that are considered to be unethical, sometimes even openly declaring them illegal. This is not an ideal circumstance for businesses. This can also be seen in many countries around the world enacting regulations or laws that significantly hamper business operations or profits (this concept is known as ‘Regulation’). This can have a significant impact on a business and its employees.

2. The government passes policies to control business decisions related to jobs and working conditions. Often, this will negatively influence the company’s decision-making processes. The government has shown an interest in how business is conducted in recent years, trying to intervene to create legislation that gives them the power of greater control over businesses.

3. Governments regularly give certain businesses special favors, such as tax breaks and subsidies. These “subsidies” are paid for by tax money, so each taxpayer is paying for a particular company to be broken even or turn a profit. As per Dr. Jordan Sudberg, This can cause problems for a company, especially if they are getting free money from the government but also have competition. These competitors may not be getting these subsidies and thus have an unfair advantage. Oil companies are a perfect example of a firm being subsidized by the government, which the US government is constantly subsidizing.

4. According to him, governments often give certain businesses unique benefits, such as tax breaks and subsidies. These “subsidies” are paid for by tax money, so each taxpayer is paying for a particular company to be broken even or turn a profit. This can cause problems with the business because they must take partial credit for this growth while also taking the blame if they fall short of expectations. An example of businesses receiving unique benefits from the government is oil companies that receive considerable subsidies to drill in foreign countries and turn a profit, at the same time being used as an example of why it is not feasible that other countries should do this.

5. Government policies affect how we live by dictating how we shop, travel, eat and conduct our daily lives. Some businesses, such as airlines, have had to make considerable changes to provide better service and increase security to comply with new regulations. From now on, they will have to be able to check their bodies for weapons at security checkpoints, which means that staff will have to be able to handle this task to pass the background check. Furthermore, passengers will not be allowed to bring their weapons onto planes, directly impacting many business models in how they sell their goods and services.

As we can see, politics and business have been intertwined since the beginning. When running a business, you must consider what legislation may be passed in the future and how laws will affect your livelihood. If you do not take the time to become informed, you may be faced with some less-than-desirable outcomes. Please look at the history of politics and business throughout the years and discover how they have affected one another.

Asot Michael Is A Politician for The People of Antigua and Barbuda

Asot Michael Is A Politician for The People of Antigua and Barbuda

Veteran Caribbean politician Asot Anthony Michael grew up in a family already involved in politics and activism. Born in 1969, no one could predict just how much his family would influence his life and political career. His family resided in the French West Indies. Asot’s grandfather was a part of anti-government factions. Some of those factions burned down his grandfather’s home, and he died not long after the incident. Patrick, Asot’s father, became involved with the Antigua and Barbuda Labor Party (ABLP). Throughout the 70s, Patrick spent more time helping the ABLP survive instead of the family business.

Asot Michael’s family, including two great uncles, Maurice and Mitchell, have always helped in national socio-economic development, and Asot followed in their footsteps of philanthropy. His uncles, grandfather, and father helped Asot Michael gain his love of politics.

Education of Asot Michael and Caribbean Nations

For school, Asot Michael went to Saint Joseph’s Academy in Saint John’s, Antigua. After receiving his diploma from high school, Asot moved on to Barry University, earning a BS or Bachelor of Science. The degree also included Business Administration, in which he earned Honors. With a double major in Economics and Finance, Asot Michael finished his education with an MBA at the University of Miami School of Business. During his schooling, Asot gained honors and academic achievements.

In an interview, Asot Michael said that education is critical to him. He will always focus on educating the youth of Antigua and Barbuda. Caribbean islands depend on a “knowledge-based economy,” with such sectors as tourism, banking, and IT being imperative. The ABLP, the political party in which Asot Michael proudly serves, has ensured that island residents’ education is a priority, with expanding secondary schools and helping maintain a growing number of students. The ABLP government increased the scholarships available over several disciplines to help the Caribbean nations gain higher education.

Asot Michael raised significant funds for the renovation of the Parham and Pares Primary Schools.

A Career in Politics

Asot Michael is a politician who listens to his island population and pays attention to the various development needs of his constituents

He believes that “in democracies characterized by the government of the people, by the people, for the people, the reasonable expectation is caring, visionary, innovative, competent, transparent and accountable leadership and management capabilities of achieving the agreed objectives for national growth and development.

Michael, the Member of Parliament for the St Peters Constituency keeps a close watch on progress through the years with his country’s human development fundamentals especially in terms of meeting the people’s most pressing social and economic advancement needs. As a truly transformational leader, he appreciates strides in people-centered and is passionate about ensuring that things are continuously looking up in the key areas of vital interest to the people.

A personal mission is to help neighbors and nations have a better life than in the past. With unique experiences in business and higher education, Asot Michael feels he can be a force to help the government pay attention to business growth, infrastructure, and justice. He wants Antigua and Barbuda to succeed both socially and economically, which requires assisting the focus on the important aspects of island life. Those aspects are always going to include school, helping businesses to survive, and people stay safe, especially amid a pandemic.

Antigua and Barbuda change

Change is Necessary, and Asot Michael Leads It

Investing in a nation, as much as a community, is about supporting the people who live on the island. Ensuring the infrastructure is sound with the renovation that makes residential areas and schools safe is paramount to a nation’s success. As politicians, “we show people we want to see them grow financially,” while they are also happy and safe. It is not a single action that brings this about, but one of trust, positive relationships, and confidence in a government that genuinely cares.

Asot Michael says, “Reinvesting funds in public service projects ensures a stronger community.” Asot feels people need to be involved in their community and know there is help for those who live there. When amenities and services are better, people are happy and able to live safely with an eye towards development and job growth. It is a never-ending cycle, not just a “fix it and you’re done” concept, according to Asot. The process must be “encouraged so the long-term effects” continue.

Asot Michael is satisfied that while there is much to be done to effectively turn the economy around from the ravages of the Covid 19 pandemic, the ABLP government moving on purposefully with the noble, endeavor of building the best Antigua and Barbuda for all the citizens and residents. He urges the Cabinet of Ministers, to strengthen revenue/expenditure performance and to keep striving for higher standards of fiscal responsibility that will maximize productive utilization of scarce resources for the greatest good of the people of Antigua and Barbuda.

Small businesses are essential to Asot because he remembers his father being a small business owner, and he has run a company. With the pandemic, it is more important than ever to ensure the small business owner can get through the hardships and remain open. Asot Michael wants his nation to understand that his political career and aims are guided by loyalty and trust. He wishes to help all people maintain a healthy, happy life. It takes a village or, in this case, an island to ensure everyone is safe and comfortable.