BUSINESS ENVIRONMENT - CHERUNILAM FRANCIS (HIMALAYA PUBLISHING HOUSE)
Keywords: AN OVERVIEW OF BUSINESS ENVIRONMENT A GLIMPSE OF BUSINESS ENVIRONMENT _ $1 (BTypes of environment; internal environment; external environment; micro environment; macro environment; competitive structure of industries; competitor analysis; environmental analysis and strategic management; summary. NATURE, SCOPE AND OBJECTIVES OF BUSINESS Business system/process; classification of business; clasification of industries; characteristics of business; goals of business; summary. ENVIRONMENTAL ANALYSIS AND FORECASTING Techniques for environmental analysis; steps in / approaches to environmental analysis; types of environmental forecasting; techniques for environmental forecasting; benefits / importance of environmental analysis; limitations of environmental forecasting; summary. ECONOMIC ENVIRONMENT Nature of the economy; structure of the economy; economic policies; economic conditions; summary. POLITICAL AND GOVERNMENT ENVIRONMENT Functions of State; economic roles of government; government and legal environment; economic roles of government in India; the Constitutional environment; summary. NATURAL AND TECHNOLOGICAL ENVIRONMENT Natural environment; technological environment; innovation; technological leadership and followership; technology and competitive advantage; sources of technological dynamics; time lags in technology introduction/absorption; appropriate technology and technology adaptation; impact of technology on globalisation; IT and marketing; transfer of technology; summary. DEMOGRAPHIC ENVIRONMENT Population size; falling birth rate and changing age structure; migration and ethnic aspects; summary. BUSINESS AND SOCIETY SOCIETAL ENVIRONMENT Business and society; objectives and importance of business; professionalisation; business ethics; business and culture; religion; language; culture and organisational behaviour; other social/cultural factors; technological development and social change; summary. SOCIAL RESPONSIBILITY OF BUSINESS Classical and contemporary views; social orientations of business; factors affecting social orientation; responsibilities to different sections; the Indian situation; arguments for and against social involvement; social audit; summary. CONSUMER RIGHTS, CONSUMERSM AND BUSINESS Consumer rights; exploitation of consumers; consumerism; consumer protection; U N guidelines for consumer protection; consumer protection and consumerism in India; Consumer Protection Act; summary. CORPORATE GOVERNANCE Meaning; reasons for the growing demand for corporate governance; importance of corporate governance; prerequisites; regulatory and voluntary actions; recommendations of Birla Committee; summary. : INDUSTRIAL POLICIES AND REGULATIONS INDUSTRIAL POLICY Industrial policy up to 1991; the new industrial policy; an evaluation of the new policy; summary; .: Schedule to Industrial Policy Resolution, 1956; . IDRA AND INDUSTRIAL LICENSING Industries (Development & Regulation) Act; industrial licensing; the new policy; summary. PUBLIC, PRIVATE, JOINT AND CO-OPERATIVE SECTORS Public sector; growth and performance of public sector; the new public sector policy; organisation of public enterprises; government and parliamentary control over public enterprises; pricing policy in public enterprises; Department of Public enterprises; nationalisation; private sector; joint sector; the concept of national sector; cooperative sector; summary. PRIVATISATION AND DISINVESTMENT Expansion of public sector and its defects; privatisation reaction; ways of privatisation; obstacles; conditions for success of privatisation; benefits of privatisation; arguments against privatisation; sins and pitfalls of privatisation; Rangarajan Committee and disinvestment; privatisation in India; summary. VILLAGE AND SMALL INDUSTRIES The VSI sector; definitions; SMEs in other countries; importance; development of VSI under the Plans; promotional measures; institutional support structure; State industrial policies; khadi and village industries; ancillary industries; drawbacks and problems; summary. INDUSTRAIL SICKNESS Definition; magnitude; causes of sickness; preventive and curative measures; Sick Industrial Companies Act; summary. PRICE AND DISTRIBUTION CONTROLS Objectives of price and distribution controls; price policy in India; price controls; indirect controls; direct controls; administered prices; dual pricing; subsidisation; Essential Commodities Act; other laws to control production, distribution and prices; the public distribution system; summary. INDIAN COMPANY LAW A brief history of company law in India; objectives of the Companies Act: classification of companies; formation of companies; Memorandum of Association; Articles of Association; Prospectus; board of directors; Board of Company Law Administration; investigation by Central Government; winding up of companies; buy-back of shares; Companies (Amendment) ) Act, 2000; Companies (Amendment) Act, 2002; Companies (Second Amendment) Act, 2002; summary. PATENTS AND TRADE MARKS Patents; trade marks; the Trade Marks Act, 1999; summary; Annexure 19.1: Falsifying and falsely representing trade marks; falsely representing trade marks as registered; registration of trade marks as associated trade marks. COMPETITION POLICY AND LAW Competition policy and law - nature and scope; government policies and distortions to competition; interface of FDI and competition law; pre-requisites for a competition policy; contours of competition law; Competition Act, 2002; MRTP Act. THE FINANCIAL SYSTEM MONETARY AND FISCAL POLICIES Monetary policy; measures of money stock; monetary policy and money supply; instruments of monetary policy; fiscal policy; the Union budget; State budgets; finances of the Union and States; the Finance Commission; importance of the budget; summary. FINANCIAL MARKET STRUCUTRE Credit market; foreign exchange market; debt market; derivatives market; bancassurnce; summary. MONEY AND CAPITAL MARKETS Meaning of money market; constituents of a money market; functions of money market; the Indian money market; money market instruments and constituents; capital market$1 (Bnature and constituents; importance of capital market; capital market in India; nature of the Indian capital market; development of the market; summary. STOCK EXCHANGE AND ITS REGULATION Meaning; importance and functions; dealings on stock exchange; speculation on the stock exchange, organisation of stock exchanges in India; OTCEI; National Stock Exchange of India; Stock Holding Corporation of India; regulation of stock exchange$1 (BSecurities Contracts (Regulation) Act; SEBI; capital market reforms and developments; summary; Annexure 24.1: Derivatives; Annexure 24..2: BSE Sensex. INDUSTRIAL FINANCE Short term finance; medium term finance; long term finance; ownership securities; creditorship securities: new issues$1 (Bmark. Ling of securities; underwriting of securities; internal financing (ploughing back of profits) public deposits; commercial banks; summary; Annexure 25.1: Leasing. INDUSTRIAL FINANCIAL INSTITUTIONS Types of institutions; types of assistance; Industrial Development Bank of India; Industrial finance corporation of India; Industrial Credit and Investment Corporation of India; Industrial Investment Bank of India; Discount and Finance House of India; State Financial Corporations; State Industrial Development / Investment Corporations; Investment Institutions; Institutions for small industry; commercial banks; summary; Annexure 26.1: Merchant Banking; Mutual Funds; Venture Capital. : LABOUR ENVIRONMENT LABOUR LEGISLATION Principles of labour legislation; labour legislation in India$1 (Blaws relating to weaker sections; laws relating to specific industries; laws relating to specific matters; laws relating to trade unions and industrial relations. LABOUR WELFAREW AND SOCIAL SECURITY Welfare and amenities within the precincts of the establishment; welfare outside the establishment; social security; legislative enactments; workmen's compensation; maternity benefits; employee's state insurance; provident fund; lay-off and retrenchment compensation; family pension; gratuity scheme. INDUSTRIAL RELATIONS Industrial disputes; causes of industrial disputes; industrial disputes$1 (Bpreventive steps; employer-employee relations; Tripartite Machinery; Code of Discipline and Industrial Truce Resolution; settlement of disputes$1 (Bvoluntary arbitration; machinery under the Industrial Disputes Act; grievance settlement authority; Conciliation Officers; Boards of Conciliation; Courts of Inquiry; Labour Courts; Tribunals; National Tribunals; reference and awards; prohibition of strikes and lock-outs; other important provisions of the Act; Annexure: 29.1: Schedules to the Industrial Disputes Act. s