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Outline, using an example, the role of interest groups in the business world - Leaving Cert Business - Question A - 2009
Question A
Outline, using an example, the role of interest groups in the business world. An interest group is an organisation which represents the common viewpoint, objectives... show full transcript
Worked Solution & Example Answer:Outline, using an example, the role of interest groups in the business world - Leaving Cert Business - Question A - 2009
Step 1
Outline, using an example, the role of interest groups in the business world.
Answer
Interest groups play a crucial role in the business landscape by representing the collective interests of their members. They engage in various activities such as lobbying, negotiation, and public advocacy to influence policy decisions that affect their area of interest.
For instance, the Construction Industry Federation (CIF) represents over 3,000 members in the Irish construction industry. Through its extensive network, CIF actively engages with government and other stakeholders to address industry concerns and propose relevant legislation. This active involvement helps shape public policy that can lead to better conditions for its members and advancements in the industry.
In summary, interest groups like CIF serve as vital intermediaries between businesses and policymakers, striving to ensure that their members’ interests are effectively represented and safeguarded.