Course

Unit 1

Business: Meaning, Scope and Objectives – Business Environment: Micro and Macro Environment of Business – Environmental Analysis for Business Decision-Making – Constitutional framework and judicial interpretations shaping business environment. 

Unit 2

Economic Environment and its Constituents – Types of Economies: Free, Capitalist, Socialistic, and Mixed Economy – The New Economic Policy – Monetary Policy & Fiscal Policy– Role of Foreign Investments: Private Foreign Investment, Types of FDI- Contemporary policy initiatives: Digital India, Atmanirbhar Bharat, Startup India, Make in India – Regulatory frameworks: Role of RBI, SEBI, and other authorities in shaping the economic environment. 

Unit 3

Social and Cultural Environment: Nature, Impact of Foreign Culture on Business, Traditional Values and their Impact – Social Audit: Meaning and Importance – Corporate Governance and Social Responsibility of Business – Technological Environment: Features, Impact of Technology on Business – Emerging frameworks: ESG norms, sustainability mandates, and environmental regulations impacting businesses. 

Unit 4

Legal & Political Environment – Indian Industrial Environment: Growth of Major Industries in India – Industrial Policy, Industrial Licensing, Micro-Small and Medium Enterprises in India – Financial Markets – Regulatory Framework for Business in India: Companies Act, 2013 – Competition Act, 2002 – Environmental regulations and compliance requirements – Legislative Measures and their Impact on Business. 

Unit 5

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Legal & Political Environment – Indian Industrial Environment: Growth of Major Industries in India – Industrial Policy, Industrial Licensing, Micro-Small and Medium Enterprises in India – Financial Markets – Regulatory Framework for Business in India: Companies Act, 2013 – Competition Act, 2002 – Environmental regulations and compliance requirements – Legislative Measures and their Impact on Business. 

Consumerism and Recent Developments – Consumerism and Consumer Movement in India, Role of Voluntary Organisations – Consumer Protection Act, 2019 – Special Economic Zones – International Environment – Contemporary issues in global trade and regulatory frameworks (WTO, international investment treaties). 

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Course Objectives 

1. To understand the meaning, scope, and objectives of business and examine the micro and macro environmental factors influencing business decisions. 
2. To analyse the components of the economic environment, including fiscal and monetary policies, foreign investments, and key national initiatives shaping India’s economic landscape. 
3. To evaluate the social, cultural, ethical, and technological forces affecting business operations, sustainability, CSR, and ESG frameworks. 
4. To understand key legal and political frameworks governing businesses, including industrial policies and major regulatory statutes. 
5. To explore consumer protection mechanisms, SEZs, and contemporary global regulatory developments affecting international business. 

Course Outcomes 

1. Identify and evaluate business environment factors and apply environmental analysis for strategic decision-making. 
2. Explain and interpret economic policies, regulatory roles, and the impact of foreign investments on India’s economic structure. 
3. Demonstrate understanding of social, cultural, ethical, and technological influences on business, sustainability, and corporate responsibility. 
4. Interpret major legal, industrial, and regulatory frameworks and assess their effect on business functioning and compliance. 
5. Analyse issues related to consumerism, SEZs, and global regulatory frameworks and apply them to real-world business and trade contexts. 

Teaching Methodology: Lecture, Group Discussion, PowerPoint Presentation etc. as per the requirement of each module. 

1. Ashwathappa K. Essentials of Business Environment (6th ed., 1997). Himalaya Publishing House. 
2. Cherunilam Francis. Business Environment. Himalaya Publishing House, New Delhi. 
3. Sengupta N. K. Government and Business in India (2005). Vikas Publications, New Delhi. 
4. Bhalla V. K., & Shivaramu, S. International Business Environment and Business  (2007). Anmol Publications, New Delhi. 
5. Paul J, Business Environment: Text and Cases (3rd ed., 2010). McGraw Hil