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Chapter 3:Business Environment (3.3: Recent Developments in Indian Economy…
Chapter 3:Business Environment
3.1 Business Environment
3.1.1 Meaning of Business Environment
3.1.2: Importance of Business Environment
3.2 Types of Business Environment
3.2.1: Economic Environment
a) Economic Condition
b)Economic Policy
(i)Industrial policy
(ii)Fiscal policy
(iii)Monetary policy
(iv)Foreign investment policy
(v)Export –Import policy (Exim policy)
c) Economic System
3.2.2: Non-Economic Environment
a) Social Environment
b) Political Environment
c) Legal Environment
(i)Companies Act, 1956
(ii)Foreign Exchange Management Act, 1999
(iii)The Factories Act, 1948
(iv)Industrial Disputes Act, 1972
(v)Payment of Gratuity Act, 1972
(vi)Industries (Development and Regulation) Act, 1951
(vii)Prevention of Food Adulteration Act, 1954
(viii)Essential Commodities Act, 2002
(ix)The Standards of Weights and Measures Act, 1956
(x)Monopolies and Restrictive Trade Practices Act, 1969
(xi)Trade Marks Act, 1999
(xii)Bureau of Indian Standards Act, 1986
(xiii)Consumer Protection Act, 1986
(xiv)Environment Protection Act
(xv)Competition Act, 2002
d) Technology
e) Demographic
f) Natural Environment
3.3: Recent Developments in Indian Economy
a) Liberalisation
b) Privitization
c) Globalization
d) A more Competitive Business Environment
3.4: Corporate Social Responsibility
3.4.1 Why CSR?
1.Self Interest
2.Balancing of Social Power
3.Creation of Society
4.Social Awareness
5.Public Image
6.Moral Justification
3.4.2: Other Interest Groups
1)Shareholders (or) Owners
2)Employees
3)Consumers
4)Government
5)Community
3.4.3: Business and Environment
3.5:Business Ethics