Q.No 1 The External Analysis examines opportunities and threats that exist in the environment.How is it done? What should business managers do to access the business environment?Ans: External Ananlysis:The external analysis examines opportunities and threats that exits in the environment. Both opportunities and threats exits independently of the firm. The way to differentiate between a strength or weakness from an opportunity or threat is to ask: would this issue exist if the company did not exist? If the answer is yes ,it should be considered external to the firm. opportunities refer to favorable conditions in the environment that could produce rewards for the organization if acted upon properly. That is, opportunities are situations that exist but must be acted on if the firm is to benefit from them. Threats refer to conditions or barriers that may prevent the firms from reaching its objectives.The following area analyses are used to look at all external factors affecting a company: Customer analysis: segments, motivations, unmet needs Competitive analysis: identify completely, put in strategic groups, evaluate, performance, image, their objectives, strategies, culture, cost structure, strengths, weakness Market analysis: overall size, projected growth, profitability, entry barriers, cost structure, distribution system, trends, key success factors Goal: To identify external opportunities, threats, trends, and strategic uncertaintiesThe SWOT matrix helps visualize the analysis. Also, when executing this analysis it is important to understand how these element work together. When an organization internal strengths to external opportunities, it creates core competencies in meeting the needs of its customers. In addition, an organization should act to convert internal weaknesses into strength and external threats into opportunities. Table 1: Linking the SWOT Analysis and the Internal and External Environment INTERNAL EXTERNAL STRENGTHS OPPORTUNITIES WEAKNESSES THREATSStep for business managers:Business managers are doing following steps:Here you will get to understand the kind of issues that need to be dealt with in order to understand the business environment. Focus on your strengths. Shore up your weaknesses. Capitalize on your opportunities. Recognize your threats.1. Now identify2. Next evaluate3. Size and growth4. Profitability5. Cost Structure6. Distribution Systems7. Market trends8. Key success factors9. Environmental Analysis10. Economic11. Technological12. Government13. Socio-cultural14. Future15. Internal Analysis16. Resourses17. CapabilitiesQ.NO 2 Differentiate between capitalist and socialist economies.Capitalist EconomySocialist Economy

Resources are owned by privet individuals. Competition is an essential part. Maximization of profit is the principal objective. Price is determined by the price mechanism. Freedom of consumption and freedom of production. Minimum intervention by the government. Concentration of economic power in the hands of the capitalist class. Inequality in the distribution of income leads to class conflict All economic resources owned by the state. Co-operation is an essential part. Social welfare is the chief motive. Price is determined by the central planning authority. Loss of economic freedom. Concentration of economic and political power in the hands of the government. The idea of equality aims at establishing a classless society.

Q No : 3 discuss the industrial laws applicable in india.Explanation of industrial laws applicable to business in india. Leal environment plays a curical role in the economy of a nation. Legal environment consist of the policy framework, the laws and regulations pertaining to all aspects of business, commerce and trade; and the broder politico-legal ideology of the government. The government of india has enacted several laws for the regulation of industries in the country. These enactment play a very important role in the countrys overall progress and development. These legislation are amended from time to time in accordance with the changing circumstances and environment. All business organization have to function as per the statutory framework of the country. Every enterprise must take in to account the legal set up while framing the basic aims and objectives of its company . The efficient and healthy functioning of an organization is possible only if it adheres to the stipulation laid down by the law of the land. Knowledge about the various laws that impact business helps the business houses to know about the right, responsibilities as well as the challenges that they may have to face. Following are some of the major laws and key regulation that impact business I india.The Companies Act, 1956: It is the most important law which regulates all aspect relating to a company as it lays down the provision relating all formation of a company. Powers and responsibilities of the directors and managers, rising of capital, holding company meetings, maintences and audit of company accounts, power of inspection and investigation of company affairs, reconstruction and amalgamation of a company and, if necessary, its winding up also. In response to the changing business environment, the companies Act, 1956 has been amended from time to time so as make it commensurate with changing business requirement and to provide more transparency in corporate governance. It also aims to protect the interest of small investors, depositors and debenture holders, ect.Industries [Development and Regulation] Act, 1951 [IDRA]This Act provides the Central Government with the means to implement its industrial policies. The main objective of the Act is to empower the Government to take necessary steps for the development of industries; to regulate the pattern and direction of industrial development ;and to control the activities, performance and result of industrial undertaking, in the public interest.The Act empowers the government in the following ways:1. To take necessary step for the development of industries2. To regulate the pattern and direction of industrial development3. To control the activities performance and result of industrial undertakings in the public interest. The Act applies to the Scheduled Industries listed in the first schedule of the Act. Small scale industries and ancillary units are exempted from the provision of this Act.

Q No:4 Write a note on the three pillars of three economy namely liberalization, privatization and globalization.Liberalization means to free the company from the direct and physical control imposed by the Government on the private sector. Privatization means contracting the role of the public sector and encouraging the expansion of the private sector.Globalization means is a process of integration of nation. Nation are linked together economically and socially by trade, investment and governance. Effect on Indian economy: Q No 5: Describe the corporate social responsibility of business houses towards human resourceswith an example of an Indian Company.Explain Corporate Social Responsibility Business is an activity of making, buying or selling goods or service for money. Social responsibility means to serve the people or the community without expecting anything. Business is meant to create weath, new markets, provide employment and procedure enough goods to sustain itsactivites and to improve its competitiveness. Society should provide an environment for the business to grow and prosper which will allow the investors to earn money. The survival and the growth of the business depend upon society. Resource like people, services, raw material and infrastructure can be provided by society for the business to flourish.Explain CSR with an example of an Indian Company In the age of Globalization business has become international. Business Organization use natural resource to increase their profit. The responsibility of business organization towards society and community/environment has increased as they intervene in so many areas of social life. Now a Days people are realizing the relation between business and society. Business organizations are created by society, so they should serve society and not merely make money from it. Thus the role of the business in society has been put under corporate social responsibility [CSR]. India is a democratic country and wants to achieve welfare of the people through democratic means. Business enterprise which fit into this specification would have a better scope to survive and florish. Every business organization has a responsibility towardsthe welfare of the society. The social need of society should be taken care of, by each and every organization. Social provides the basis, scope and demand for the business enterprises, so it is the duty of the business organization to help society when it needs. They can help in various field such as social, economic, political, poverty and unemployment, nature calamities such as flood, earthquake and draught. The social needs of society are looked after by various governmental organizations, non-governmentalorganizations [NGOs],people who are socially conscious and so on.Now a days CSR is an all-year-round responsibility that companies take, for the welfare of the people around them. Recognition comes not only from the quality of products they make, fair prices and novelty, but also from their attitude towards companys work force, community and environment.Q No 6: Explain the Indian economy with reference to the service sectors like Education and Health careExplain Service Sector: The Service sector is the largest contributor to the countrys GDP [more than half of Indias GDP]. It has maintained a stedy growth since 96-97, except for a fall in 2000-2001 which was because of the global dot com bubble bursting. India has the title of being the worlds second largest fastest growing economy, in the service sector in particular.Explain the progress made by services sectors like Education and Health care in India:Education:Elementary Education: Expanding the provision of primary, formal and non-formal education to realize the goal of Universalization of ELEMENTARY Education [UEE] for sustaining reforms in educatin has been done. The National Programme of Nutritional. Support to primary Education [school meal programme] has boosted UEE in terms of increased enrolment, retention and attendance in primary classes.Secondary Education: India has at more present more than 1.2 lakh institution catering to secondary education which serves as a bridge between primary and higher education.Higher Education:India has one of the largest higher educational system in the world. About 71 lakh student are taught by 3.31 lakh student are taught 3.31 lakh teachers in 15,000 colleges. Central Government provides grants to the UCG and establishes central Universities in the country.Health Care:These has been a definite growth in the overall healthcare resources and health related man power in the last decade. The number of hospitals have grown from 11,174 in 1991 to more than 19,000 now. The country has one doctor for every 1,800 peoplen approximately. There is an annual pharmaceutical production of about 26 billion [INR] and a large proportion in rural areas is fifteen times lower than that of urban ares. The ratio of doctor to population in rural areas is almost 6 times lower than that to the urban population. Per capital expenditure on public health spending for urban area. Indian public health spending for underfunded. As a result of this dismal and unequal spending on public health the infructure of health system it self is many times ineffective.Initiatives such as AamAdmiBima Yojana and Rastriya Swasthya Bima Yojana have been made for social development.