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Essentials of Business Environment
Book ID SCS181
ISBN No. 978-93-5161-036-6 (TC-1215)
Book Name Essentials of Business Environment
Book sub-title B.Com
Author/s name/s : Gupta C.B.
Publisher Name Sultan Chand & Sons
Publishing Year 2018
Book Price (Printed) INR 275   
Book Price (Our Price) INR 275   
Book Size 18 x 24 cms.
Book Page xvi + 336
Book Weight 500 gms.


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Book Summary

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Essentials of Business Environment has been especially designed and written for Paper CP 6.2 under Sixth Semester of B. Com. course of Delhi University. It will be equally useful for other similar courses. 

Salient Features

  • Comprehensive and systematic coverage of the prescribed syllabus.
  • Chapter outline to provide at a glance the topics covered in each chapter.
  • Extensive use of tables and diagrams to illustrate the text.
  • Real life examples from Indian industries.
  • Test questions for self examination.
  • Reader friendly format.
  • Simple language and lucid style. 

 

Book Content

Unit I : An Overview of Business Environment

1.   Introduction to Business Environment (1.3-1.18)

      1.1. The Concept of Business Environment (1.4)

      1.2. Nature of Business Environment (1.4)

      1.3. Objectives and Uses of Study of Business Environment (1.5)

      1.4. Types of Business Environment (1.6)

              1.4.1. Internal Environment (1.7)

              1.4.2. External Environment (1.8)

      1.5. Elements of External Environment (1.8)

             1.5.1. Micro Environment (1.8)

             1.5.2. Macro Environment (1.10)

      1.6. Impact of Environment on Business and Strategic Decisions (1.13)

      1.7. Coping with Environmental Changes (1.15)

  • Summary (1.16)
  • Test Questions (1.17)

2.   Environmental Analysis (2.1-2.18)

      2.1. Concept of Environmental Analysis (2.2)

      2.2. Process of Environmental Analysis (2.2)

      2.3. Importance of Environmental Analysis (2.3)

      2.4. Limitations of Environmental Analysis (2.4)

      2.5. Techniques of Environmental Analysis (2.5)

      2.6. Approaches to Environmental Analysis (2.8)

      2.7. Environmental Analysis and Strategic Management (2.9)

      2.8. Competitive Structure of Industries (2.11)

  • Summary (2.15)
  • Test Questions (2.15)
  • Case Study (2.16)

3.   Managing Diversity (3.1-3.6)

      3.1. Cultural Diversity (Multi-Culturalism) (3.2)

      3.2. Workforce Diversity (3.3)

      3.3. Importance of Managing Diversity (3.4)

      3.4. Framework for Managing Diversity (3.4)

  • Summary (3.6)
  • Test Questions (3.6)

4.  Nature and Scope of Business (4.1-4.10)

      4.1. Concept of Business (4.2)

      4.2. Characteristics of Business (4.2)

      4.3. Scope of Business (Classification of Business Activities) (4.4)

             4.3.1. Industry (4.4)

             4.3.2. Commerce (4.5)

             4.3.3. Trade (4.6)

             4.3.4. Auxiliaries to Trade (4.7)

      4.4. Interrelationship between Industry, Commerce and Trade (4.8)

  • Summary (4.10)
  • Test Questions (4.10)

Unit II : Economic Environment

5.   Economic Systems (5.3-5.16)

      5.1 Meaning of Economic System (5.4)

      5.2 Basic Units of an Economic System (5.4)

      5.3 Characteristics of an Economic System (5.5)

      5.4 Functions of an Economic System (5.5)

      5.5 Types of Economic system (5.6)

      5.6 Capitalism (Free Enterprise Economy) (5.8)

            5.6.1. Features of Capitalism (5.8)

            5.6.2. Merits of Capitalism (5.9)

            5.6.3. Demerits of Capitalism   (5.10)

      5.7 Socialism (Controlled Economy or Communism) (5.11)

            5.7.1. Features of Socialism (5.11)

            5.7.2. Merits of Socialism (5.12)

            5.7.3. Demerits of Socialism (5.12)

      5.8 Mixed Economy (5.13)

            5.8.1. Features of Mixed Economy (5.13)

            5.8.2. Merits of Mixed Economy (5.14)

            5.8.3. Demerits of Mixed Economy (5.14)

            5.8.4. Planning in Mixed Economy (5.15)

  • Summary (5.15)
  • Test Questions (5.16)

 6.  Economic Planning (6.1-6.14)

      6.1. Concept of Economic Planning (6.2)

      6.2. Nature and Scope of Economic Planning (6.2)

      6.3. Significance of Economic Planning (6.2)

      6.4. Economic Planning in India (6.3)

            6.4.1. The Planning Machinery (6.4)

            6.4.2. Objectives of Economic Planning in India (6.4)

      6.5. Five-Year Plans in India (6.5)

      6.6. Pattern of Financing the Five-Year Plans in India (6.9)

      6.7. Achievements of Economic Planning in India (6.10)

      6.8. Failures of Economic Planning in India (6.12)

  • Summary (6.13)
  • Test Questions (6.14)

7.  Economic Factors (7.1-7.24)

      7.1. Gross Domestic Product (GDP) (7.2)

      7.2. Per Capita Income (7.4)

      7.3. Nature and Structure of the Economy (7.5)

      7.4. Population and Economic Development  (7.8)

      7.5. Urbanisation and Its Impact (7.10)

      7.6. Deficit Financing (Fiscal Deficit) (7.13)

      7.7. Plan Investment (7.16)

      7.8. Rate of Inflation (7.18)

      7.9. Money Supply and Black Money (7.19)

      7.10. Foreign Exchange Reserves (7.20)

      7.11. Exchange Rate (7.20)

      7.12. Foreign Trade (7.21)

  • Summary (7.22)
  • Test Questions (7.22)

8.  Economic Policies (8.1-8.26)

      8.1. New Industrial Policy (8.2)

            8.1.1. National Manufacturing Policy (8.8)

            8.1.2. National Manufacturing Competitiveness Council (NMCC) (8.8)

      8.2. Monetary or Credit Policy (8.9)

      8.3. Fiscal or Budgetary Policy (8.13)

      8.4. Foreign Trade Policy (8.17)

  • Summary (8.24)
  • Test Questions (8.24)

9.   Consumer Protection Act and Competition Law (9.1-9.17)

      9.1. Objects of Consumer Protection Act (9.2)

      9.2. Rights of Consumers (9.2)

      9.3. Basic Definitions and Concepts (9.3)

      9.4. Consumer Protection Council (9.4)

      9.5. Consumer Redressal Agencies (9.5)

      9.6. How to File a Complaint (9.6)

      9.7. Remedies Available to Consumers (9.6)

      9.8. The Competition Act, 2008 (9.7)

            9.8.1. Objectives (9.7)

            9.8.2. Salient Provisions (9.7)

            9.8.3. Combinations (9.10)

            9.8.4. Competition Commission of India (9.13)

  • Summary (9.17)
  • Test Questions (9.17)

10.  Liberalisation, Privatisation and Globalisation of Indian Economy – Trends and Issues (10.1-10.6)

      10.1. Meaning of Liberalisation  (10.2)

      10.2. Trends and Issues in Liberalisation in India (10.2)

      10.3. Implications of Liberalisation of Indian Economy (10.3)

      10.4. Meaning of Privatisation (10.3)

      10.5. Trends in Privatisation in India (10.4)

      10.6. Implications of Privatisation in India (10.4)

      10.7. Meaning of Globalisation (10.4)

      10.8. Trends in Globalisation in India (10.4)

      10.9. Implications of Globalisation of Indian Economy (10.5)

  • Summary (10.5)
  • Test Questions (10.5)

Unit III : Socio-Cultural Environment

11. Demographic Environment (11.3-11.14)

      11.1. Size of Population (11.4)

      11 .2. Age Structure (11.6)

      11.3. Other Demographic Trends (11.7)

      11.4. Population Control Policy (11.10)

      11.5. Migration and Ethnic Aspects (11.10)

      11.6. Human Development (11.11)

  • Summary (11.14)
  • Test Questions (11.14)

12. Culture and Business (12.1-12.20)

      12.1. Concept and Nature of Culture (12.2)

      12.2. Elements of Culture (12.2)

      12.3. Cultural Heritage (12.4)

      12.4. Cultural Adaptation (12.5)

      12.5. Cultural Transmission (12.6)

      12.6. Cultural Conformity (12.7)

      12.7. Cultural Lag (12.7)

      12.8. Cultural Traits (12.8)

      12.9. Impact of Culture on Business (12.9)

      12.10. Social Attitudes (12.10)

      12.11. Castes and Communities (12.10)

      12.12. Joint-Family System (12.11)

      12.13. Language and Linguistic Groups (12.13)

      12.14. Religion and Religious Groups (12.13)

      12.15. Types of Social Organisation (Social Structure) (12.14)

      12.16. India's Socio-cultural Environment (12.15)

      12.17. Culture and Globalisation (12.16)

  • Summary (12.18)
  • Test Questions (12.18)

13. Business and Society (13.1-13.8)

      13.1. Changing Concept of Business (13.2)

      13.2. Objectives of Business (13.3)

               13.2.1. Economic Objectives (13.3)

               13.2.2. Social Objectives (13.4)

               13.2.3. Reconciliation of Economic and Social Objectives (13.5)

      13.3. Primary and Secondary Objectives (13.6)

      13.4. Factors Influencing the Choice of Objectives (13.11)

  • Summary (13.7)
  • Test Questions (13.8)

14.  Social Responsibilities of Business (14.1-14.16)

       14.1. Reasons of Growing Concern for Social Responsibilities (14.2)

       14.2. Concept of Social Responsibility (14.2)

       14.3. Nature of Social Responsibility (14.4)

       14.4. Guidelines for Social Responsibility (14.4)

       14.5. Case for Social Responsibility (14.5)

       14.6. Case against Social Responsibility (14.6)

       14.7. Limits to Social Responsibilities (14.6)

       14.8. Profit Motive and Social Responsibility (14.7)

       14.9. Responsibilities Towards Different Groups (14.8)

       14.10. Reconciliation of Conflicting Interests (14.9)

       14.11. Social Responsibility of Business in India (14.10)

       14.12. Social Audit (14.12)

       14.13. Business Giving (Philonthropy) (14.14)

  • Summary (14.15)
  • Test Questions (14.15)

15.  Business Ethics and Values (15.1-15.13)

       15.1. Concept of Business Ethics (15.2)

       15.2. Nature of Business Ethics (15.2)

       15.3. Elements of Business Ethics (15.2)

       15.4. Levels of Business Ethics (15.2)

       15.5. Sources of Ethical Standards (15.3)

       15.6. Need for Ethics in Business (15.5)

       15.7. Factors Governing Business Ethics (15.6)

       15.8. Developing a Corporate Ethical Programme (15.8)

       15.9. Benefits of Ethical Codes (15.8)

       15.10. Models of Business Conduct (15.10)

       15.11. Concept of Corporate Values (15.11)

       15.12. Importance of Values in Business (15.11)

  • Summary (15.12)
  • Test Questions (15.12)

16.  Corporate Governance (16.1-16.16)

       16.1. Concept of Corporate Governance (16.2)

       16.2. Need and Significance of Corporate Governance (16.3)

       16.3. Fundamental Principles of Corporate Governance (16.5)

       16.4. Mechanisms for Better Governance (16.6)

       16.5. Corporate Governance in India (16.7)

       16.6. CII Code of Corporate Governance (16.9)

       16.7. SEBI Code of Corporate Governance (16.11)

  • Summary (16.15)
  • Test Questions (16.15)

Unit Iv : Political Environment

17.  The Constitutional Environment (17.3-17.12)

       17.1. The Preamble to the Indian Constitution (17.4)

       17.2. Basic Characteristics of Indian Constitution (17.5)

       17.3. Federal System of the Government (17.6)

       17.4. The Directive Principles of State Policy (17.6)

       17.5. The Fundamental Rights (17.8)

       17.6. The Fundamental Duties (17.10)

  • Summary (17.11)
  • Test Questions (17.12)

18.  Functions and Roles of the State (18.1-18.13)

       18.1. Functions of the State (18.2)

       18.2. Economic Roles of Government (18.3)

       18.3. Rationale of State Intervention (18.5)

       18.4. Extent of State Intervention (18.6)

       18.5. Government Business Relationship in India (18.7)

       18.6. Government and Regulatory Environment (18.8)

  • Summary (18.11)
  • Test Questions (18.12)

19.  Legal Environment (19.1-19.40)

       19.1. The Contract Act, 1872 (19.2)

       19.2. The Partnership Act, 1932 (19.6)

       19.3. The Companies Act, 1956 (19.9)

       19.4. The Industries (Development and Regulation) Act, 1951 (19.21)

       19.5. The Foreign Exchange Management Act, 1999 (19.23)

       19.6. The Patents Act, 1970  (19.26)

       19.7. The Trade Marks Act, 1999 (19.33)

       19.8. The Environment Protection Act, 1986 (19.36)

  • Summary (19.39)
  • Test Questions (19.39)

Unit V: Natural and Technological Environment

20.  Natural Environment (20.3-20.15)

       20.1. Meaning of Natural Environment (20.4)

       20.2. Components of Natural Environment (20.4)

       20.3. Impact of Natural Environment on Business (20.9)

       20.4. Guidelines for Development of Natural Resources (20.12)

       20.5. Sustainable Development (20.12)

       20.6. Green Index (20.13)

  • Summary (20.14)
  • Test Questions  (20.15)

21.  Technological Environment (21.1-21.13)

       21.1. Meaning of Technological Environment (21.2)

       21.2. Factors Governing Technological Environment (21.3)

       21.3. Impact of Technological Environment (21.3)

       21.4. Indicators of Technological Progress (21.6)

       21.5. Management of Technology (21.6)

                21.5.1. Transfer of Technology (21.6)

                21.5.2. Precautions in Importing Foreign Technology

                            [Issues in Transfer of Technology] (21.7)

                21.5.3. Methods of Technology Transfer (21.7)

       21.6. Technological Leadership and Followership (21.8)

       21.7. Technology as a Source of Competitive Advantage (21.9)

       21.8. Sources of Technological Dynamics (21.9)

       21.9. Time Lags in Technology Introduction (21.11)

       21.10. Appropriate Technology and Technology Adaptation (21.11)

       21.11. Impact of Technology on Globalisation (21.12)

  • Summary (21.12)
  • Test Questions (21.13)

 

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