As the fragile global economy continues to push ahead through uncharted territory, along with it, the business world is rapidly changing in the midst of an unpredictable environment. Britain’s departure from the European Union and the election of a protectionist-friendly US President represent only some of the critical challenges facing contemporary policies as the global economy is losing its principal engine of growth – China. Yet tackling only the most prominent issues facing business today would constitute a flawed approach towards devising comprehensive policies which can serve to stabilize global economic practices and assist in business development.
During the first semester, we will be focusing on creating a policy that aims to propagate greater equality within the business through advancing the role of minorities and women. As the current system is changing and workforces face greater diversification and expansion, the policy must embrace and adjust to such development due to their fundamental role within companies. We aim to question how the process of furthering equality can be accommodated given the difficulties regarding the very survivability of the business world and to what extent a more diverse workforce can aid a business to succeed in areas such as PR, profitability, and productivity.
Following our analysis of workplace equality, the Policy Centre will investigate the differences business environments face within state-dominated economies and free market economies. Whilst capitalism as an overriding economic principle has been adopted in most post-socialist and state-planned economies, state enterprises continue to dominate multiple markets, particularly in oil and gas. Moving beyond the controversial political power such state entities possess, our Policy Centre primarily aims to analyze the efficiency and development of businesses within such environments, and contrast such findings with examinations of business operations in free markets. Subsequently, we aim to produce multifaceted and applicable policy that can help in providing both national economies and individual business with advice on growth and expansion.
Over the coming year, we hope to look at factors which affect the success of businesses, yet which traditionally are not known as prominent issues in this sphere. Our policies will suggest ways in which governmental regulation can assist businesses in becoming more profitable and successful. We look forward to a year of fascinating events and active debates while seeing what policy proposals come out of our investigations. Feel free to offer your input or get involved by emailing pcpresidents@Kingsthinktank.Org.
Business and Economics Policy Centre President