Page 6 - DMGT401Business Environment

SYLLABUS
Business Environment

Objectives: The business environment in India has undergone a dynamic change with liberalisation & privatisation in almost
all major sectors of the economy. The nature and extent of roles of the state has encountered fundamental changes. With such
changes it is necessary for management students to understand how such changes affect business environment.

DMGT105 BUSINESS ENVIRONMENT

Sr. No. Description
1. Theoretical Framework of Business Environment: Concept, significance and nature of business
environment
2. Elements of environment- Internal and External; Changing dimensions of business environment,
Techniques of environmental scanning and monitoring.
3. Planning in India: Emergence of Planning, Planning Commission, National Development Council, Five
Year plans-Achievement and Failures with special reference to 11th five year plan
4. Economic Environment of Business: Significance and elements of economic environment, Economic
Trends: Savings and Investment, Industry, Growth of Infrastructure Balance of Payment. Inadequacies of
the program of Industrialization.
5. Problems of Growth: Unemployment, Inflation, Regional imbalances and Social Injustice.
6. Government Policies- Industrial policy, Fiscal and Monetary policies, EXIM policy; SEZ policy, LPG
1991, Direct and Indirect Taxes with special reference to GST and VAT.
7. Political and Legal Environment of Business: Changing dimensions of legal environment in India, Brief
introduction to Competition Act, 2005, FEMA, Corporate Governance and Social Responsibility of
Business
8. Foreign Investment: FDI, FII, Determinants of Foreign Investment, Multinational Corporations:
Favorable and Harmful effect of the operations of MNCs on Indian economy, Liberalization and MNC’s.
9. International Business Environment: World bank, IMF, General agreement on Tariff and trade.
10. WTO: the WTO agreement, TRIPS, TRIMS, Non-tariff barriers and Dispute settlement mechanism, Kyoto
Protocol

DMGT401 BUSINESS ENVIRONMENT

Sr. No. Description
1. Theoretical Framework of Business Environment, Recent developments in political, economical and
financial environment.
2. Techniques of environment scanning and monitoring, SWOT analysis of Indian Economy; Planning in
India with special focus on 11th 5 year plan.
3. Industrial Policies; Industrial Licensing; Stock Exchanges in India; Liberalisation, Privatisation and
Globalisation.
4. Economic Trends; National Income Economic Development; Inflation, Problems of Growth.
5. India’s Monetary and Fiscal Policy; Foreign Trade Policy and BOP; Direct and Indirect Taxes.
6. Poverty in India; Unemployment in India; Human development, Rural Development, Business Ethics,
Corporate Governance and Corporate Social Responsibility.
7. MRTP Act, FERA, FEMA, IPR, RTI.
8. Foreign Investment, MNCs; EXIM Policy; SEZ.
9. International Organizations.
10. World Trade Organization.