demarcated on a linguistic basis‚ and there are 28 states in all. Apart from these languages there are innumerable dialects specific to each ethnic group. Different states in India each have different official languages. Central government only recognises Hindi as the official language of India. However‚ when doing business in India‚ English is the language of international commerce. Many Indians bob their heads up and down when affirming something and from side-to-side when conveying a ’No’. Then
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------------------------------------------------- India Business Quiz : Questions with Answers 1. "We have learned that if we provide people with an occasion & an excuse to shop‚ they will come" are the Golden words of whom? Ans: Kishore Bayani (The Chairman of Future Group) 2. What is the Title of Auto Biography of JRD TATA? Ans: Beyond the Last Blue Mountain 3. What is the Title of Auto Biography of Krishna Kumar Birla? Ans: Brushes with History 4. "It happened in India" is the Auto Biography of whom?
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geography etc. 3 3. Economy 4 4. Political System 5 5. Legal and regulatory environment 6 6. Socio-cultural environment 6 7. Availability of resources 7 8. Concern for Ethics and social Responsibility 7 9. Conclusion
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Abstract Any business involves people and resources either to produce items or goods to be sold‚ or provide services to be sold (BPP‚ 2010). Through learning‚ researches and activities‚ it is clear that different organizations response to their business environment in a unique different way. The competitive market leads to structure such as oligopoly where many buyers and sellers involve in trade of similar products making average profit. The non-competitive market structures leads to monopoly with
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theorist assumes that business environment and organisation behaviour are predictable‚ planning are essential to predict future market changes and to prepare strategic plan to adopt to the changes. Rational analysis and objective decisions allows achieving long-run successes and avoid failures. The Evolutionary approach – more fatalistic approach‚ seeing the business environment as a jungle in which the main aim of an organisation is to survive by being efficient. Business processes and competition
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The Business Environment and the AIS An AIS does not exist in a vacuum; rather it is an integral part of the firm it serves. The AIS has close relationship with the organization of the firm and its physical operations or process. The firm itself is a system with its own environment. Many of the business and accounting events that are captured and processed by the AIS arise within the environment of the business firm. There are three subsystem of the firm: organizational‚ operational and information
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How businesses are influence by the economic environment The business environment consists of different influences that are outside of a business from political‚ social and legal changes. These influences can change for the better or for the worst for the business economic factors. The economic environment consist of many individuals who make decisions that buy and sell goods‚ borrow and lend money‚ raises taxes and change interest rates. Consumers are who purchases the goods for their own
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Changes in the business environment The business environment in which firms operate lies outside themselves. It is their external environment‚ which is always changing. Some changes are so dramatic that everybody notices them‚ but others may creep up on an industry over the years and be largely ignored for too long. Changes take many forms and create new challenges. For an industry as a whole‚ it may well be that: * Customers’ needs and requirements change. They look for new‚ better and cheaper
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Bibliography: BPP‚ 1998. HNC/HND Business: Operating Environment Core Module 2 (HNC/HND Business Series). 2nd Ed. London : BPP Publishing Ltd Brooks‚ I & Weatherston‚ J‚ 2000 Campbell‚ D & Craig‚ T‚ 2005. Organisations and the Business Environment. 2nd Ed. Oxford : Butterworth-Heinemann Disruptive Analysis Ltd‚ 2007 Europa‚ 2008. EUR-Lex - 12002E082 - EN. [Webpage] Available from: http://eur-lex
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1. Perform a STEEP analysis to understand the general environment facing Great Lakes. How will Great Lakes be affected by external factors? 2. Use Porter’s Five Forces Model to analyze the lead additives industry in the US. Given this analysis‚ is the industry attractive or unattractive? 3. Using the 3I’s framework determine Great Lakes’ immediate‚ impending and invisible competitors. How does Great Lakes measure up against these competitors? 4. What are the main capabilities
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