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Business Environment

Business Environment

  • A.C. Fernando
  • Author: A.C. Fernando
    • ISBN:9788131731581
    • 10 Digit ISBN:8131731588
    • Price:Rs. 689.00
    • Pages:688
    • Imprint:Pearson Education
    • Binding:Paperback
    • Status:Available

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    The global economic meltdown of 2008 made it clear that in the current era of globalization, organizations need to keep abreast of the latest economic developments in countries around the world. Managers need to use this information to analyse and correlate with the economic environment in which businesses function to be able to make informed decisions that will enable the organization to progress despite obstacles. This ability to make informed decisions against the backdrop of the latest economic developments is critical for managers. A course in business environment fosters this ability and provides an excellent grounding to prospective managers and entrepreneurs to take sensible business decisions.

    Professor A. C. Fernando integrates concepts with real-world situations and the most recent data to help students grasp complex economic concepts, a clear understanding of which is required to comprehend the various facets of business environment. He adopts a jargon-free style and presents the subject matter logically, from elementary to complex concepts to engage the student completely.

    Divided into eight parts comprising fifty chapters, the book has been designed to be of particular use to students who are not familiar with the concepts of economics.

    Table of Content

    Part I: Economic Environment of Business: Basics
    1. Functioning Of an Economy: Some Basic Concepts
    2. National Income
    3. Business and its Environment
    4. Natural Resources
    5. Technology and Development
    6. Human Resource Development
    7. Economic Consequences of Indian Population
    8. Capital Formation, Savings and Investment
    Part II: Economic Systems and Policies Relating to Business
    1. Economic Systems and Capitalism
    2. Socialism
    3. Mixed Economy
    4. The Role of Public Policies in Governing Business
    5. Economic, Monetary and Fiscal Policies
    6. Foreign Trade Policy
    Part III: The Economics of Development
    1. The Economics of Development
    2. The Economics of Underdevelopment
    3. Stages and Strategies of Economic Growth
    4. Role of the State in Economic Development
    5. Economic Planning: Meaning, Evolution and Features
    6. Industrial and Licensing Policy (1951-1991)
    7. New Economic Policy
    8. Survey of Indian Economy
    Part IV: Business and Society
    1. Business and Society
    2. Interrelationship between Business, Labour and Government
    3. Consumer Protection
    4. Investor Protection
    5. Environmental Protection
    6. Corporate Governance in India
    7. Corporate Social Responsibility
    8. Business Ethics in India
    Part V: Economic Legislations
    1. Monopolies and Restrictive Trade Practices (MRTP) Act, 1969
    2. FERA and FEMA
    3. Industries (Development and Regulation) Act 1951
    Part VI: The Industrial Sector
    1. The Private Sector
    2. Public Sector in India
    3. Privatization of Public Sector Enterprises
    4. Joint Sector in Indian Industry
    5. Globalization, MNCs and Foreign Capital in India
    6. India and Intellectual Property Rights (IPR)
    Part VII: Financial Systems
    1. Money
    2. Money Market
    3. Commercial Bank
    4. Functions of Central Bank
    5. Financial Institutions
    6. The Indian Capital Market
    7. Indian Stock Market
    8. The Securities and Exchange Board of India
    Part VIII: The External Sector
    1. India and the WTO
    2. The World Bank Group
    3. International Monetary Fund

    Salient Features

    • Provides an in-depth coverage of all conceivable topics on the subject
    • Focuses on economic development, examining the business environment from the perspective of developing economies
    • Includes illustrative cases that enable readers to appreciate the economic problems and issues they will face in the real world
    • Uses learning tools such as chapter objectives, detailed chapter summaries, key words and review questions to help the reader grasp the subject matter better
    • Includes PowerPoint slides for instructors and a question bank for students