Politics in a simple manner means everything related to the process of deciding something inside a group of people. The actual meaning of politics is much more complicated than that. The thing about politics is, it is not a static value. Politics is something that can not be understood just by reading a simple definition. There are lots of factors that accounted to politics and it takes time to understand the real meaning behind politics itself.
It is true that your business success depends heavily on the efforts of your employees to ensure that employee satisfaction is sustained in the organisation. While it can easily be for the top managers to decide for themselves, your leadership duty is to reduce working politics and ensure that any decision benefits the entire company.
Usually, in a business, managers are unable to accept the role of power in both individual motivation and organisational relations. When people hear the word politics, they usually relate it as dirty words somehow. And when these terms are related to personality in the organisation, many managers flee to the safety of corporate rationality.
It can not be denied that politics have a lot of impact on many aspects of the world. Even simple things such as gaming involve politics inside. Every business in all around the world has a politics aspect inside their system. If you are the owner of your own business, like it or not, issues regarding the politics of your business exist and as the owner, you have to be aware of the related matters. Even if the business can not control any external environment factors, a good business must be aware of the factors that affect their business continuity.
There is also significant significance to the political factors affecting business. Various facets of government policy can have an impact on businesses. Both businesses have to abide by the rules. Managers need to figure out how potential regulations will impact their practices.
Here are some of the reasons why politics could have a major impact on the business industry
Politics could affect the business taxes aspect
Every business needs to pay taxes according to law. Ask any business in any country, business needs to pay tax in order to not go to jail. Businesses like logistics even have their own tax law. If you are interested in finding supply chain solutions in Malaysia, check out this link. It is an integrated supply chain in Malaysia and it is also a certified supply chain service in Malaysia. Usually, for those businesses or individuals that have higher income or profits would be charged higher taxes. As a responsible and proper business owner, you should know that the government can alter the taxes as their will and you need to be ready and prepared for it.
The political environment is among the factor that is the least predictable
Unlike your financial aspect or other aspect, political factors are perhaps one of the most unpredictable aspects in a company. As a leader, even though you can not really predict the outcome of your business political factor, you still need to be ready for it. Remember, always hope for the best, but still prepare for the worst scenario that you could imagine. This is how you could excel as a leader.
Politics could affect your overall employees performance
As a leader, there are many factors that would affect your decision making for your business. If workers are disengaged and unmotivated, resources and procedures, including the atmosphere of the workplace, are easily blamed. Yet disengagement more often than not results in a lack of successful leadership.
A good leadership could change anything. Without any real leadership in a business, it is impossible for the employees to work properly. There is a reason why management is a hot major to take in university. As a leader, you have an effect on the involvement of the people you lead. While they do need to decide to participate, in your business you as a leader have more influence than anyone else. Without any proper leader in the room, a business can not really excel in the market. Good leaders recognise that it is necessary to provide help, provide input and appreciate the hard work of employees. But top leaders are self-conscious and able to determine critically whether they set the rest of the team a good example.
In conclusion, politics has a tremendous effect on the continuity of your business. Even though politics act as an external factor that has a tremendous element of unpredictability, as a good leader in a business, you have to be prepared for it.
