Written Assignment 2 Political Interactions Organizations, more than ever, are taking on a major role in the political process through financing and lobbying the government. According to Business and Government: Campaign Contributions and Lobbying in the Unites States, “business campaign donations outdistance other identifiable interest groups.” On one hand, campaign contribution or financing refers to when organizations including nonprofits and unions and/or individuals give donations to promote candidates, political parties, and policies. Campaign contributions aid in campaign expenditures such as mailings, events, staff, etc. Lobbying on the other hand, “is a way for special interests, such as corporations, unions, and nonprofit organizations
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There are three types of strategic corporate political strategies that include information strategy, financial-incentive strategy, and constituency-building strategy. An information strategy provides information to elected officials to influence their actions. An information strategy is promoted through lobbying, direct communications, and expert witness testimony. Direct communications include inviting government lawmakers to activities “that will improve government officials’ understanding of management and employee concerns” (PP 9). Expert witness testimony includes providing data and facts to elected officials in order to educate or influence them at forums. A financial-incentives strategy provides incentives “to influence government policymakers to act in a certain way” (PP 7). Financial-incentives can be promoted through economic leverage and political action committees. Lastly, constituency-building strategy seeks to “gain from other affected organizations to better influence government policymakers to act in a way that helps them” (PP 7). Constituency-building strategy is promoted through stakeholder coalitions, advocacy advertising, and trade associations. When setting the strategy, business leaders should keep in mind the level of political involvement they wish to pursue, whether it may be …show more content…
PACs or Super PACs. PACs are “ organizations that represent business, labor, or social interests to support or oppose the election of candidates for government office”. Super PACs are allowed to raise and spend unlimited amounts of money of businesses, unions, trade associations, etc. If a company engages via PACs they must report quarterly when they donate over $200 during election year and semiannually during non-election years. However, there is an election cycle limit “of $5,000 and $15,000, respectively” (Pg. 3). Super ACs have no contribution
There are three types of strategic corporate political strategies that include information strategy, financial-incentive strategy, and constituency-building strategy. An information strategy provides information to elected officials to influence their actions. An information strategy is promoted through lobbying, direct communications, and expert witness testimony. Direct communications include inviting government lawmakers to activities “that will improve government officials’ understanding of management and employee concerns” (PP 9). Expert witness testimony includes providing data and facts to elected officials in order to educate or influence them at forums. A financial-incentives strategy provides incentives “to influence government policymakers to act in a certain way” (PP 7). Financial-incentives can be promoted through economic leverage and political action committees. Lastly, constituency-building strategy seeks to “gain from other affected organizations to better influence government policymakers to act in a way that helps them” (PP 7). Constituency-building strategy is promoted through stakeholder coalitions, advocacy advertising, and trade associations. When setting the strategy, business leaders should keep in mind the level of political involvement they wish to pursue, whether it may be …show more content…
PACs or Super PACs. PACs are “ organizations that represent business, labor, or social interests to support or oppose the election of candidates for government office”. Super PACs are allowed to raise and spend unlimited amounts of money of businesses, unions, trade associations, etc. If a company engages via PACs they must report quarterly when they donate over $200 during election year and semiannually during non-election years. However, there is an election cycle limit “of $5,000 and $15,000, respectively” (Pg. 3). Super ACs have no contribution