Business Environment and Law, 1/Ed.

Business Environment and Law written by an eminent scholar Dr. A. Mustafa, Director, Sathak Institute of Management Studies, Mohamad Sathak Engineering College, Kilakarai Ramnad, Tamil Nadu, vividly deals with internal and external, micro and macro level environment influencing modern business houses today. The book is divided into 16 chapters. The first chapter explains the types of internal and external environment and their impact of decision making by the business managers. Micro and macro environment are listed with illustrations. Political, economic, social, religious, cultural and other non-economic factors are lucidly narrated with the help of diagrams. Fundamental Rights and Directive Principles of our Constitutions and the party system in India are very well-explained. The second chapter throws light of merits and demerits of caste system and joint family system. Indian cultural factor due to Western impact is analysed and the concepts of secularism and linguistic scene are also explained. The third chapter gives a very good account of technology, its importance and impact, transfer of technology and also social change due to technological change. The fourth chapter points out the characteristics of urbanization, growth and problems of urbanization. Liberalization and its Impact, Social Responsibility of Business, Migration, State intervention and such other related topics are the subject matter of this chapter. The fifth chapter critically evaluates Foreign Capital, FDI, MNCs, Globalisation, NEP, Industrial Policy, MRTP Act, Competition Act, WTO and Dunkel Plan. The sixth chapter enumerates the role and present position of both public and private sector. Joint sector and disinvestment policy also find a place in this chapter. Chapter seven highlights the arguments for and against privatisation and liberalization. This chapter also covers topics like the role of DIC, SIDBI, SSUs and industrial sickness. Chapter eight is about Company Bill and Company Law with their latest amendments. The SEBI, the SICA and the BIFR are the content of the chapter nine. Chapter ten refers pollution and its control at the national and global level. The role of financial and investment institutions like IFCI, ICICI, IRBI, IDBI, NIDC, SIDBI, LIC, GIC, UTI and SFCs are appraised in the chapter eleven. Twelfth chapter deals with economic systems, labour policy, exit policy, VRS, alliance and mergers, management education, TQM, bench-marking and corporate culture and FEMA. Chapter Thirteen lists the rights of consumers and their current scenario, COPRA and ISO. Chapter fourteen enunciates the current economic condition of India and presents the Budget for 2009-10 and latest Economic Survey of India. The fifteen chapter exclusively deals with globalization and its various dimensions. The last chapter is Corporate Governance refers various levels of Management such as Govt. Mechanism, Report of the Committee-Recommendations, Mandatory and Non-mandatory Recommendations, Functions of Management, Shareholders and their Rights. Model Test Papers are attached at the end of this book.