Archive | Business Studies

The relationship between an organization and its environment may be discussed in terms of interactions between them in several areas, which are as follows:

The term ‘demographic’ denotes characteristics such as age, income, education, asset ownership, home ownership, employment status, etc. of the population in an area, district, country or world.

Micro-environment is the specific or the task environment of a business which affects its working or operations directly on a regular basis. While the changes in the macro-environment affect business in the long run, the effects of changes in the micro-environment are noticed immediately.

For any organization to live and survive, it is important that it responds positively to its environment and the changes in it. The strategic responses of an organization to its environment are as follows:

In trying to understand the environment and its influence on business, managers face many problems, mainly because of the following characteristics of the business environment:

The influence of environment on business can be made clear with the following points:

It refers to all the factors which are specific to an organization and impart strengths or cause weaknesses of a strategic nature. These affect the organization on an immediate basis but are relatively controllable.

The term ‘business’ refers to all economic activities pursued mainly to satisfy the material needs of society, with the purpose of earning profits.

The conversion of primary products into secondary products is called industry, or the transformation of raw material into vast variety of finished or manufactured goods on a very large scale is called industry or it is the conversion of…

The modem textile industry in India began first at Golestar near Calcutta in early nineteenth century. The first cotton textile mill was set up in Bombay in 1854 exclusively out of Indian capital. Since then….

For labour-management cooperation to take root and for collective bargaining to serve as a means of cooperation, it is important that management at the enterprise level, takes the necessary steps to create an atmosphere is conducive to/enables partnership between labour and management.

The origin of globalization can be traced to the period of colonization in the 16th century. While globalization means many things to many people, one measure of globalization is the economic integration across the globe in terms of free movement of capital, technology, products, and people.

Disinvestment (often viewed as synonymous with privatization) affects industrial relations in the following ways: It changes the work organization by necessitating retraining and redeployment.

Robert Hoxie is among the earliest to have argued that unions evolve differently across social-psychological environmental contexts. He considered American unions less dogmatic and more pragmatic and opportunistic. He identified five functional types of unionism:

Some of the international and internal factors that influence the future of Employers’ Organizations are: Globalization of corporations, knowledge, products, consumers, and communication whereas the internal factors that influence the future of EOs include a shift from…

The main objective in setting up the CIE was to ensure closer co-operation and coordination between the two bodies, which together represent particularly the interests of large-scale industry in India. In the year 1973, SCOPE joined CIE.