BUSINESS ENVIRONMENT

1.

Mr. Prasanth Gupta is the owner and manager of a grocery store. He attended a management seminar. The topic was on globalization and impact of technology on business. He was shocked by many television ads and mailers to see different opportunities available on the internet for his expansion. To upgrade the technology in his business outside the city and he feels internet does not have any application to the retail industry. What should Mr. Prasanth do to avoid any negative impact of the changes in business environment? By adopting technological environment what values Mr. Prasanth can exhibit in his business?

1. Responsibility to use resources

Care for his customers

Adaptability

Commitment to serve the stakeholders in a better manner.

2. Decline in interest rates on housing loans declared by RBI. Name the component of business environment. What values we inculcated by this component of business environment?

Context: Economic environment Values:

Rising standard of   living.

Economic development.

Distribution of wealth.

Encouragement of middle class sections.

3. Alcohol beverages are prohibited to be advertised on media’. Which component of 

general environment prohibits advertise? What values are boosted by the government?

Welfare of the family/society, Protection, care for the society, Reduction of prevalent social evil

A biding the law.

4. The government restricted the use of LPG cylinders to only nine per family per year. Name the dimension of business environment highlighted in the above. Explain the dimension. What is the value hereby elicited by the government? Economic Environment

Encouraging the use of alternate resources.

Economically usage of commodities

Proper utilization of scarce resources

To be conscious to live within limited budget of available commodities

5. Demand for reservation in jobs for minorities’.

Identify the type of dimension of business environment. State the values promoted in the above case.

Social Environment Preferences to minority section

Improve their standard of living Being considerate Equality

6. Male CEO's are most preferred for all type of organization.

Don’t you think female?

Executive need to have a fair chance? If so give valuable suggestions.

(a) Women empowerment. Equality recognizing the talent.