Rubric: Global Civic Awareness - Demonstrate an Awareness of Political and Legal Context of Business

 

Learning Objective

 

1.Unacceptable

 

2.Acceptable

 

3.Excellent
Sensitivity to the connection between firm's market performance and its political environment Little or no sensitivity to the connection between firm's market performance and its political environment Generally aware that a firm's market performance is affected by issues in the political environment, and generally aware that a firm's behavior can prompt adverse changes in the political environment. A nuanced awareness of specific elements of the political environment that affect a firm's performance, and of specific types of behavior that will likely prompt a political response.
Awareness of the existing regulatory environment Little or no awareness of the scope or rationale for government regulation of business. Understands generally the nature and rationale for specific government regulation of business and understands generally how those regulations impact the firm. Understands the terms of specific government regulations, understands the economic, social and political rationales for the regulations, and understands the mechanisms by which regulations are enforced and changed.
Ability to analyze emerging issues in the political environment Little or no ability to make a reasoned analysis of impact on the firm of an issue in the political environment or of the firm’s ability to have an impact on the political environment. Understands the concepts that are commonly used to make a reasoned analysis of the impact on the firm of an issue in the political environment and to make a reasoned analysis of the firm’s ability to have an impact on the political environment. Has a nuanced understanding of the concepts commonly used to make an in-depth analysis of the impact of an issue on the political environment on the firm and of the firm’s ability to have an impact on the political environment.
Ability to form a strategy to deal with an emerging issue in the political environment Little or no ability to develop a reasoned strategy for a firm to deal with an issue in the political environment. Understands how the policy-making process operates and how a firm can participate in the process, and understands the concepts that are available for a firm to develop a strategy to deal with an issue in the political environment. Has a nuanced understanding of how the policy-making process operates and has a nuanced understanding of the concepts available for a firm to develop a strategy deal with an issue in the political environment and to influence policy making.