Illustrate, using examples, the role of interest groups in business. - Leaving Cert Business - Question 10 - 2021
Question 10
Illustrate, using examples, the role of interest groups in business.
Worked Solution & Example Answer:Illustrate, using examples, the role of interest groups in business. - Leaving Cert Business - Question 10 - 2021
Step 1
Define Interest Groups
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Answer
Interest groups are organizations that represent the common viewpoint, objectives, and goals of a particular group of stakeholders. These groups are also known as pressure groups or lobby groups, and they aim to influence decision-makers.
Step 2
Explain the Role of Interest Groups
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Answer
Interest groups seek to influence decision-makers by lobbying, conducting media campaigns, organizing public protests, boycotts, and even engaging in legal action. Their main goal is to advocate for policies beneficial to their members.
Step 3
Example 1: IBEC's Lobbying Efforts
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Answer
For instance, the Irish Business and Employers Confederation (IBEC) lobbied the government to ease restrictions on businesses to facilitate reopening during crises. They also advocated for increased grants to support businesses in implementing safety measures.
Step 4
Example 2: ICTU's Influence
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In another example, the Irish Congress of Trade Unions (ICTU) lobbied the government to increase the national minimum wage, representing the interests of workers who benefited from such a measure.
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