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MBA105 -- Business Environment

IFTM UNIVERSITY
SCHOOL OF BUSINESS MANAGEMENT
COURSE HANDOUT
Session: 2017-18


Paper Instructor                    : DR RAKESH KUMAR YADAV
Paper Name & Code             : BUSINESS ENVIRONMENT (MBA 105)
Course name & Semester     : MBA I SEMESTER

Learning Objective:
Ø  To know about the Business Environment and environmental scanning
Ø  To understand the economic system and factors affecting  economic environment
Ø  To know about the political-legal environment
Ø  To know about the EXIM Policy and New Industrial policy and other policies
Ø  To know about the role of NITI Aayog
Ø  To Know about the technological and global environment

LECTURE PLAN:
UNIT NO.
UNIT OBJECTIVE
LECTURE CONTENTS
TOTAL NO. OF LECTURES (ANTICIPATED)
BOOKS
1
1.To know about Business Environment and its components
Overview of Business Environment: Significance and nature
2
T1, T2
Types of Environment, Interaction between internal and external environment
2
T1, T2
Environmental scanning – meaning, nature, scope
2
T1, T2
Environmental scanning process
2
T1, T2
Activities beyond the syllabus
Quiz
Presentation
2
1.To understand the economic environment and economic system
2.To understand the role of Government in policy framing and economic planning
Economic Environment: Nature, Types of Economic System, factors affecting economic environment
2
T1, T2
Economic roles of Government, Monetary policy and its implications for business
2
T1, T2
Fiscal policy, New Industrial Policy, FDI Policy, EXIM Policy,
3
T1, T2
New Economic Policy, NITI Aayog
3
T1, T2
Economic Planning in India - Rationale of economic planning , latest five year plan
2
T1, T2
Activities beyond the syllabus
Quiz
Presentation
3
1.To gain knowledge about the three pillars of democracy
2. To understand the different acts like FEMA etc
Politico-Legal Environment: Relationship between business and Government of India, 
2
T1, T2
Three pillars of democracy – Legislation, Execution and Judiciary
2
T1, T2
Introduction to some important business laws - Competition Act
2
T1, T2
Industries Development and Regulation Act
2
T1, T2
FEMA Act
2
T1, T2
Activities beyond the syllabus
Presentation
4
1.To know about technological environment and its role in business
2.To understand the impact of global environment on business organisations
Technological Environment: Features, impact and management of technology
2

Status of technology in India, Policy for research and development in India –technological initiatives
3
T1, T2
Global Environment: Globalisation – meaning and dimensions, Multinationals Corporations
3

WTO and Global Liberalisation
2

Activities beyond the syllabus
Presentation
Total
40


LEARNING OUTCOMES:
  1. Understanding about the business environment of any organisation and its different components.
  2. Understanding about the economic system and the role of Government in framing different policies like Fiscal Policy, EXIM policy and new Industry Policy etc for the growth of business organisations.
  3. Understanding about the different acts like FEMA Act and Competition Act.
  4. Knowledge about the impact of technology on the business organisation.
  5. Understanding about the MNCs and the role of WTO in enhancing global business opportunities.

LEARNING RESOURCES:

Text Books:

T1: Cherunilam, F. : Business Environment: Text and Cases. 8th Edition, Himalaya Publishing House
T2: Aswathappa, K. (2011): Essentials of Business Environment. Text, Cases and Exercises. 11th Edition, Himalaya Publishing House

Reference Books:

R1:  Mittal, V. (2007): Business Environment. Excel Book
R2:  Mishra, S.K. & Puri, V.K.: Economic Environment of Business. 3rd Edition, Himalaya Publishing House




Dr. Rakesh Kumar Yadav

Associate Professor

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