Whether it will be McCain or Obama is anyone’s guess and for sure, the placement of a new president into power will play a major role on how business will flourish in the land of America. Politics has never been given much attention but if you are a true businessman, political factors have a bearing on how you can adjust and strategize your business these days.
Driving power and the economy are two of the main points that is perhaps the reason for this. Cost of materials to produce and the consumer price index will vary and pouring all of these factors into the business mix will certainly provide you a better overview on what to expect as far as looking forward to a good business venture.
Many people fail to include political factors in the usual external factors for evaluation. Normally, business analysts would only consider the economic, social and legal aspects since the normal understanding is that regardless of political stability, there will always be room from them to adjust once it comes.
But this is like playing with fire. Business entities need to be advanced when it comes to planning for business. For one, exchange rates and governing prices from actual statistics have a real bearing. Further, with the growth of other tiger nations such as China and the UK, exports are not as fluent as before. The world has indeed caught up with U.S. and for sure, one false move will definitely be costly. That is why the leader of it all should be ready since if he is not up to it, a nation’s downfall may be at stake.
Originally posted on August 28, 2008 @ 8:11 pm