BUSINESS ENVIRONMENT

business-environment

Syllabus

Faculty: Ajitav Acharya

Course Name : BUSINESS ENVIRONMENT

Code(Credit) : CUTM1695(2-0-0)

Course Objectives

To provide knowledge of the environment in which businesses operate, the economic operational and financial framework
To give students an understanding of the various constituents of the local and global business environments.
To have a critical study of liberalization, privatization and globalization.
To study the procedural aspects of various forms of Business Organizations in India

Learning Outcomes

After successful completion of the course, the student will be able to

Identify and evaluate the complexities of business environment and their impact on the business.
Analyze the relationships between Government and business and understand the political, economic, legal and social policies of the country.
Analyze current economic conditions in developing emerging markets, and evaluate present and future opportunities.
Gain knowledge about the operation of different institutions in international business environment.

Course Syllabus

Unit 1:	Business Structure Evolution from local to global state - Changing Scenario since liberalization, privatization and globalisation – Concept of Business Structure- Structural relationship of Business components – like trade, Industry, commerce & services – role of business associations
Unit 2 :	Business Environment Concept & Significance - Economic - political - Social -Technological - Legal - Cultural & Ecological Environment. Inter - dependence of Business& Environment-National priorities & fiscal concessions
Unit 3:	International Environment International trading environment (overview); Trends in world trade and the problems of developing countries; foreign trade and economic growth; International Economic groupings; International economic institutions - GATT, WTO. UNCTAD, World Bank, IMF, GSTP; Counter trade

.
Books Recommended:

Pandey GN, Environment Management, Vikas Publishing, New Delhi
Paul Justin, Business Environment: Text and Cases, Tata McGraw Hill, New Delhi
Saleem Sheikh, Business Environment, Pearson Education, New Delhi
Vivek Mittal, Business Environment, Excel Books, New Delhi

Session Plan

Session 1

Business Structure: Evolution from local to global state, Changing Scenario since liberalization.
Links
Business Environment
https://www.youtube.com/watch?v=REm0aqPvRb8

Session 2

Meaning and detail discussion on: privatization, globalization
PDF link
Business Environment

Session 3

Concept of Business Structure- sole proprietorship business, features, advantages and disadvantages, Partnership business, joint stock company- features, advantages and disadvantages.
https://www.youtube.com/watch?v=N44yiCRNnMs
PDF link
Business Environment

Session 4

Structural relationship of Business components – like trade, Industry, commerce & services
links
Business Environment
https://www.youtube.com/watch?v=bJIRyvQqZR0

Session 5

Role of business associations
PDF link
Business Environment

Session 6

Business Environment: Concept & Significance
links
Business Environment
https://www.youtube.com/watch?v=EK53DG6BRJ8

Session 7

Economic, political Environment Social, Technological Environment Legal, Cultural Environment and Ecological Environment
link
Business Environment
https://www.youtube.com/watch?v=pvPUf2xAzpA
https://www.youtube.com/watch?v=EWhRy4MaUeA
https://www.youtube.com/watch?v=rXty8_fMjk4

Session 8

The interdependence of Business& Environment, About National priorities, fiscal concessions
PDF link
Business Environment

Session 9

International trading environment (overview), Trends in world trade and the problems of developing countries, foreign trade and economic growth, International Economic groupings
PDF link
Business Environment

Session 10

International economic institutions -GATT
International economic institutions -WTO, UNCTAD
International economic institutions -World Bank, IMF
About GSTP, counter trade
PDF link
Business Environment