: BUSINESS ENVIRONMENT

• The Concept of Business Environment: Meaning, Nature, significance, Scope.
• Internal &External environment, Economic& Non-economic environment, Changing Dimensions of Business Environment, Environment scanning & Monitoring.

• Economic Environment of Business: Main features of Indian Economy, Impact of Liberalisation & Privatisation on Indian Economy,
• Industrial Policy of 1991, Monetary Policy, Fiscal Policy, EXIM Policy, Multinational corporations, Foreign collaborations.
• Industrial Sickness.

• Political & Legal environment of business: Business & Law, Licensing Policy & Consumer Protection act, FEMA, Role & Functions of Regulatory bodies: SEBI, TRAI, IRDA, RBI. 
• Financial Environment of business: Financial system- commercial banks, financial institutions, NBFC’s.

• Socio-Cultural environment of business: Types of Social Organisations, social responsibility of business, Impact of foreign culture, social audit, Corporate governance, Relevance of social values & attitudes in management or business.
• Dualism in Indian Society & Problem of uneven distribution of Income.

·         Technological Environment: Components of Technology, Technology transfer, Technology and globalization, Competitive advantage and technology.

·         International Environment: Globalisation and growth of Multinational Corporations (MNC).

Recent trends in Business Environment