Etini
Valued Contributor
I always say that business and politics are two interwoven sectors and any serious business that wants to grow big must strategically be active in the political arena. A business must not come out to declare support for any politician but a business needs to develop relationships with politicians because they control the economy. Here are some reasons why business organisations should build relationships with politicians.
1) To influence government policy to their favour: A business that is close to the political and governmental arena can influence government to make policies that would favour them to maximise profitability. That's how some businesses get monopoly rights in industries.
2) Access to markets and government contract opportunities: When a business is close to the political scene, it can easily be awarded a government contract and we know they are always very lucrative.
3) Early warning on unfavorable government policies: If government wants to take harsh policies regarding a sector, the businesses in that sector that are close to the political scene would be informed before hand so they can prepare and probably exit.
1) To influence government policy to their favour: A business that is close to the political and governmental arena can influence government to make policies that would favour them to maximise profitability. That's how some businesses get monopoly rights in industries.
2) Access to markets and government contract opportunities: When a business is close to the political scene, it can easily be awarded a government contract and we know they are always very lucrative.
3) Early warning on unfavorable government policies: If government wants to take harsh policies regarding a sector, the businesses in that sector that are close to the political scene would be informed before hand so they can prepare and probably exit.