Global Enterprise and Innovation individual report Essay

Global Enterprise and Innovation individual report - Essay Example This report will have various segments such as the analysis of main features of business environment within the US, role of government in promoting innovation, credit facilities and resources to the firms, scientific and technological capacity of the nation as well as general analysis of the national innovation systems within the US. Discussion Science and technology has increasingly been sighted to be a direct or indirect factor influencing the living of people within US. Various features define the business environment within the US with innovation as well as job creation being the major. Sustained investments within scientific research as well as strong system of education have been commended for great influence on general economic performance of the country. However, according to a 2011-2014 public policy statement by the ACS specific policies are critical in ensuring favorable business environment. Such policy recommendations include that appropriate tax and trade policies in ta rget of innovation and research should be adopted, encourage innovations through patenting as well as property rights and efficient commercialization and transfer of technological innovation within the country. Besides, the report shows a business environment that is in need of proper framework to encourage investment in research and innovation by small and large firms through such incentives as credit facilities and ensuring favorable business environment by the government (American Chemical Society, nd, 1-2). On the other hand, environmental awareness and conservation is a critical feature within business operations in the US where the government and other agencies increasingly regulate business operations on matters of environmental policies. According to a report by Esty and Charnovitz innovation is increasingly being influenced by policies and rules that are being adopted on environmental management and conservation. The report points to the poor performance of the government i n US to implement policies that are favorable to innovation concerning the environment effectively. This has therefore been a hindrance to operations of many firms, which are dependent on environmental policy frameworks (Esty and Charnovitz, 2012, para 1-4). Other factors that continuously have a direct impact on business performances within the US are social, political as well as economic factors. The social impact on business environment in the US is emanating from such aspects as the development of social platform and media, which all business operators must be aware of. Despite the great benefits that arise from social media, equally many shortcomings result from the improper application of the media into the business world within the US. Economic influences in the business environment within US are best examined from the perspective of economic growth of the country. Political factors on the other hand come in as political set up defines policy formulations as well as legal fra meworks within the nation (Sviokla and Gutstein, 2012-2013, para 1-5). Increased productivity through innovation by firms lead to improved standards of living of people. Through the design of appropriate policies and effective decision-making, the US government has continually created innovative environment, which has been attractive to such firms as Sony, which wholly rely on