Business Environment is a comprehensive textbook specially designed for the students of business management. It takes an application-based approach to explain the concepts of business environment with the help of examples, exhibits, and case studies. The book is divided into eight parts. Part I includes the overview of business environment and discusses diverse environments such as sociocultural, legal, political, and economic. Part II delves into the issues related to social governance and business environment. Part III discusses topics related to economic planning and development environment. Part IV focuses on macroeconomic policies such as money market, capital market, inflation, monetary and credit policy, fiscal policy, and so on. Part V delves into labour market environment and discusses subjects such as trade unions and their roles, wages and employment policy, industrial relations, and labour market reforms. Part VI discusses trade barriers and strategy, foreign trade policy, and international financial environment. Part VII evaluates business environment in a globalized world. Finally, Part VIII explores business strategy across international borders.
Contents
Preface
PART I?BUSINESS ENVIRONMENT: CONCEPTS AND PRECEPTS
Chapter 1. Business Environment: An Overview
Chapter 2. Sociocultural and Demographic Environment
Chapter 3. Political and Legal Environment
Chapter 4. Economic and Technological Environment
Chapter 5. Natural and Institutional Environment
PART II?SOCIETY, GOVERNANCE, AND BUSINESS ENVIRONMENT
Chapter 6. Corporate Environment and Governance
Chapter 7. Ethical Environment in Business
Chapter 8. Social Responsibility of Business
Chapter 9. Competitive Environment
Chapter 10. Market Failure, Government Failure, and Business Environment
Chapter 11. Emerging Trends and Contemporary Challenges
PART III?ECONOMIC PLANNING AND DEVELOPMENT ENVIRONMENT
Chapter 12. Role of Government
Chapter 13. The Indian Economic System, Development Strategy, and Trends
Chapter 14. Public, Private, and Cooperative Sectors: Problems and Reforms
Chapter 15. Rural Development, Agricultural Policy, and Balanced Regional Development in India
Chapter 16. Industrial Development Strategy and Policy in India
Chapter 17. Sustainable Development
PART IV?MACROECONOMIC POLICY ENVIRONMENT
Chapter 18. Money Market and Capital Market
Chapter 19. The Dynamics of Inflation
Chapter 20. Monetary and Credit Policy
Chapter 21. Fiscal Policy and the Tax System
Chapter 22. Macroeconomic Policy Environment: Issues and Influences
PART V?LABOUR MARKET ENVIRONMENT
Chapter 23. Trade Unions and Their Roles
Chapter 24. Labour Force: Wage and Employment Policy
Chapter 25. Labour Welfare and Social Security
Chapter 26. Industrial Relations and Labour Market Reforms in India
PART VI?BUSINESS ENVIRONMENT AND THE REST-OF-THE-WORLD SECTOR
Chapter 27. Trade Barriers and Strategy: Free Trade vs Protection
Chapter 28. Export-Import and the Foreign Trade Policy
Chapter 29. International Financial Environment
Chapter 30. Exchange Rate Environment
Chapter 31. Balance of Payments
PART VII?BUSINESS ENVORONMENT IN A BORDERLESS WORLD
Chapter 32. Globalization and Business
Chapter 33. Global Principles and Codes for International Business
Chapter 34. New Economic Policy Liberalization in India
Chapter 35. Privatization
Chapter 36. Multinational Corporations and Technology Transfer
Chapter 37. Foreign Direct Investment
PART VIII?GLOBAL ENVIRONMENT AND BUSINESS STRATEGY
Chapter 38. Trading Blocs and International Economic Integration
Chapter 39. Country Evaluation and Selection, Risk Assessment, and Methods of Entry to Foreign Markets
Chapter 40. World Trade Organization and Its Impact
Index
