M. COM :FIRST SEMESTER PAPER- 413: BUSINESS ENVIRONMENT & LEGAL FRAMEWORK Duration: 3 Hrs. Marks: (External- 70: Internal- 30) Objective The course is aimed at acquainting the students with the nature and dimensions of the evolving – environment in India which influence managerial decisions. Course Contents: Unit - I Nature and significance of environmental analysis for business decisions, Dimensions of Business Environment: Economics, Technological, Socio-cultural, Political, Legal-Regulatory and market Conditions; General and specific relevance of environmental conditions. Unit - II Economic environment: Economic Policy - An overview Changes in Government policies since 1991. Impact of liberalization, globalization, and structural reforms, Import policy and its domestic and international implications, Financial Sector reforms. Unit - III Technological environment: Dynamics of technological environment; Challenge of technology upgradation, Impact of foreign investment and foreign collaboration. Unit - IV Socio-cultural environment: Demographic profile. Class structure and mobility.Rural- urban convergence.Changes in consumption habits and life styles.Social responsibilities of business. Unit - V Political environment: Impact of competing political ideologies, political stability and instability on business activities. Unit - VI Market environment: Competitive conditions. Impact of entry of MNCs. Suggested Readings: Cherunilam, Francis, Business Environment, Himalaya Pub. House, 1996. Ghosh, P.K.Business and Government, 1998 Sultan Chand, Delhi. Devis, Keith, and Blomstrom, Robert L, Business and Society: Environment and Responsibility, 1975. Ghosh, P.K. and Kapoor ,G.K.Business Policy and Environment, 1998, Sultan Chand, Delhi. Adhikary, M. Economics Environment of Business (latest ed.), Sultan Chand, Delhi. Jalan, B., India's Economic Crises, 1991. Oxford Univ. Press, New Delhi. Dhingra, I.C., The Indian Economy: Environment and Policy, 1998, Sultan Chand, Delhi.
M. COM :FIRST SEMESTER PAPER- 413: BUSINESS ENVIRONMENT & LEGAL FRAMEWORK Duration: 3 Hrs. Marks: (External- 70: Internal- 30) Objective – The course is aimed at acquainting the students with the nature and dimensions of the evolving environment in India which influence managerial decisions. Course Contents: Unit - I Nature and significance of environmental analysis for business decisions, Dimensions of Business Environment: Economics, Technological, Socio-cultural, Political, Legal-Regulatory and market Conditions; General and specific relevance of environmental conditions. Unit - II Economic environment: Economic Policy - An overview Changes in Government policies since 1991. Impact of liberalization, globalization, and structural reforms, Import policy and its domestic and international implications, Financial Sector reforms. Unit - III Technological environment: Dynamics of technological environment; Challenge of technology upgradation, Impact of foreign investment and foreign collaboration. Unit - IV Socio-cultural environment: Demographic profile. Class structure and mobility.Rural- urban convergence.Changes in consumption habits and life styles.Social responsibilities of business. Unit - V Political environment: Impact of competing political ideologies, political stability and instability on business activities. Unit - VI Market environment: Competitive conditions. Impact of entry of MNCs. Suggested Readings: Cherunilam, Francis, Business Environment, Himalaya Pub. House, 1996. Ghosh, P.K.Business and Government, 1998 Sultan Chand, Delhi. Devis, Keith, and Blomstrom, Robert L, Business and Society: Environment and Responsibility, 1975. Ghosh, P.K. and Kapoor ,G.K.Business Policy and Environment, 1998, Sultan Chand, Delhi. Adhikary, M. Economics Environment of Business (latest ed.), Sultan Chand, Delhi. Jalan, B., India's Economic Crises, 1991. Oxford Univ. Press, New Delhi. Dhingra, I.C., The Indian Economy: Environment and Policy, 1998, Sultan Chand, Delhi.