BUSINESS ENVIRONMENT

AN OVERVIEW OF BUSINESS ENVIRONMENT

A GLIMPSE OF BUSINESS ENVIRONMENT

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Meaning of Business Environment
Business Environment consists of all those factors that have a bearing on the business, such as the strengths, weaknesses, internal power relationships and orientations of the organisation; government policies and regulations; nature of the economy and economic conditions; sociocultural factors; demographic trends; natural factors; and, global trends and cross-border developments.

Characteristics of Indian Business

Factors Influencing Business Decision

Business Objectives

Business Critics

Types of Environment

Environmental Factors and their Features

Forces Driving Industry Competition

Environment of Business
Linkage amongst stages

The Common Entry Barriers
1. 2. 3. 4. 5. 6. Government Policy Economies of Scale Cost Disadvantages Independent of Scale Product Differentiation Monopoly Elements Capital Requirements

Strategic Management Process

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