Business Environment Overview

Controllable factors within a company that can be altered or changed by management.

Uncontrollable factors outside a company, often impacting it from the environment.

Factors inside a business that affect its operations and decision-making.

Shared principles and beliefs impacting the organization's actions.

Business goals, direction, development priorities, and philosophy.

Broad external factors that impact a business, such as economy or culture.

Immediate external factors impacting a business, e.g., competitors or customers.

Skills, expertise, and morale of employees within an organization, essential to a company's success.

The immediate factors surrounding a business, including suppliers, customers, competitors, intermediaries, and financiers.

The broader, external factors impacting a business, such as the political, economic, social, and technological environment.

Government policies, regulations, and their influence on business.

Economic conditions, growth, income levels, and their effect on business operations.

Social structures, values, culture, and demographics that impact business strategy.

Technological advancements, innovations, and their influence on production and business.

Statistical data relating to the population and particular groups, including aspects such as size, growth, age groups and distribution, and income levels.

The connections and dependencies among economies of different countries and regions and their impact on businesses.

Technology encompasses not only knowledge and methods to improve existing production and distribution, but also entrepreneurial expertise and professional know-how needed for business success.

These are environmental factors outside a company's control, impacting its operations and strategies.

It encompasses the factors within a business, such as its organizational structure, resources, and processes that affect its operations and decisions.

Broad external forces (economic, social, technological, etc.) influencing businesses.

Conditions conducive to business success, like low labor costs, growing markets, and strong economic policies.

Location, natural resources, climate, and other geographic elements affecting business decisions.

The support systems (transportation, communication) needed for business activities.

General economic state of a country, including national income, per capita income, resources, income distribution, and development.

A country's economic structure - capitalist, socialist, communist, or mixed - influencing market forces and government intervention.

Free market economy where supply and demand decide prices and the government has little direct influence.

Economy where resources are controlled and distributed more equally by the government, aiming for a more equitable outcome.

Economic system combining elements of both capitalist and socialist approaches in resource allocation and distribution.

Pattern of growth or decline in a country's gross domestic product (GDP) over time -- indicator of economic health.

Rates charged for borrowing money and earned on savings; influenced by economic conditions and affecting investment.

A policy decision made in 1948 that aimed to blend democratic socialism with India's economic structure. This resolution aimed to expand the responsibilities of Indian states, lessen the threat of nationalization, and encourage industrial growth.

A policy that encourages open and unrestricted trade between India and other countries. This policy aims to facilitate the smooth flow of goods and services, ultimately strengthening the Indian economy.

A policy that sets a fixed exchange rate between currencies, with a small margin of fluctuation. The exchange rate remains within an upper and lower limit, ensuring stability in foreign trade and capital movement.

This policy regulates the export and import of goods and services in India. The government sets guidelines and controls for international trade, aiming to promote economic development.

Higher interest rates increase the cost of borrowing for consumers, which can decrease product demand, especially for goods purchased with loans.

Countries like the United States and France are considered mixed economies, where both private companies and the government share control over the economy.

India's government sets policies to manage the economy. These policies include taxation, budgeting, currency management, interest rates, labor market, and national ownership.

The Reserve Bank of India (RBI) controls the money supply, interest rates, and credit to promote economic growth and price stability.

The Indian government's fiscal policy focuses on managing government revenue (taxes) and spending to stimulate the economy and manage public services.

This aims to improve land management, promote technology adoption, and ensure food security through price controls, distribution systems, and safety measures.

India's foreign trade policy aims to increase India's share in global trade and promote economic growth.

This policy involves managing the value of the Indian Rupee in relation to other currencies to promote international trade and economic stability.