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Describe the role of any two 'Interest Groups' in business. - Leaving Cert Business - Question B - 2007

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Describe the role of any two 'Interest Groups' in business.

Worked Solution & Example Answer:Describe the role of any two 'Interest Groups' in business. - Leaving Cert Business - Question B - 2007

Step 1

Describe the role of Interest Groups in business

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Answer

Interest groups play a pivotal role in influencing business decisions and policies. They are organizations that represent the interests of specific stakeholders such as employees, employers, and specific industries. Their main functions include lobbying, providing information, and negotiating on behalf of their members.

  1. Irish Congress of Trade Unions (ICTU):
    • Represents and advocates for the economic and social interests of workers in Ireland.
    • Negotiates national agreements with employers, providing a platform for collective bargaining.
    • Promotes principles of trade unionism through campaigns, thus enhancing worker protection and rights.
    • Provides information and advice to unions and their members, facilitating better communication regarding workplace conditions.
    • Assists in resolving disputes between unions and employers, optimizing the working relationship.
  2. Irish Farmers Association (IFA):
    • Represents farmers' interests and engages with over 965 branches and 90,000 members.
    • Actively lobbies the government to obtain flexibility on policies affecting farmers, particularly in milk quotas.
    • Works to influence national government agendas concerning agricultural policies that can lead to better market conditions, especially during peak seasons like Christmas.
    • Through various initiatives and collaborations, the IFA seeks to improve farm income and sustainability, contributing to the agricultural sector's overall health.

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