Business Environment

Paper Code: 
MTM 224
Contact Hours: 

This paper helps to understand the overall business environment and evaluate its various components in business decision making


Unit I: 
Unit I

Business Environment-The concept, significance and nature of Business Environment. Environment Scanning: meaning, nature, scope and process of environmental scanning, Interaction between internal and external environments. Globalization trends and challenges.

Unit II: 
Unit II

Political environment- Types of political systems

Economic aspect of Indian constitution: preamble ,directive principles, fundamental rights, centre state relations

Unit III: 
Unit III

Economic environment- concept and features of various economic systems, impact of liberalisation and privatization on Indian economy, New Industrial policy and industrial licensing, monetary and fiscal policies.

Unit IV: 
Unit IV

Legal Environment- Company Regulatory Legislations in India, FEMA,  EXIM Policy ,Consumer Protection Act 1986, Right to Information Act 2005, Competition Laws, IPR(general concept)


Unit V: 
Unit V

Technological Environment and international environment – source of technological dynamics, appropriate technology, technology adaption –globalization, transfer of technology, TO(main provision and functions)

Essential Readings: 
  • Justin Paul, Business Environment, Tata McGraw Hill Publishing Co. Ltd., 2008
  • Francis Cherunillam, Business Environment, Himalaya Publishing House.V.
  • Shaikh Saleem, Business Environment, Pearson Education, 2009


  • K. Chidambaram and V. Alagappan, Business Environment, Vikas Publication House Pvt Ltd, 2009
  • Neelamegam, Business Environment


Academic Year: