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Business Environment
Give two examples of the impact on business organisations of changes in social environment.
Business is born and develops in society. Therefore, the effect of various social factors on business is but natural. For example, some years ago the manufacturers of Vanaspati Ghee used to import animal fat for manufacturing Ghee. On the basis of the strong public protests, the government cancelled the import licence of these manufacturers. Similarly, with the news that some cold drinks contain pesticidal element, people protected against it and minimised the consumption of these cold drinks.
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Why it is important for business enterprises to understand their environment? Explain briefly.
Mention the various dimensions of business environment.
Liberalisation
Privatisation
Globlisation
Briefly discuss the impact of Government policy changes on business and industry.
How would you characterise business environment? Explain, with examples, the difference between general and specific environment.
Explain, with examples, the various dimensions of business enviornment.
How is business environment helpful in the ‘improvement of performance’?
How ‘first mover advantage’ is made available by the business environment? Give an example.
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