Even after opening up of indian Economy, foreign companies found it extremely difficult to cut through the bureacratic and redtapism in government offices. This discourages them from investing in India.
Identify the dimension of environment mention in above para.

Even after opening up of our economy in 1991, foreign companies found it extremely difficult to cut through bureaucracy and red tapism.' Identify the element of business environment and explain it with the help of an example.

Mamta Rice Food Ltd.' is as well known rice producing company. The sales have been falling down from the beginning of the year. The managing director Mr. Bhuvan is worried about this situation. With a view to find out the solution of this problem he made a team to find out the reasons for downfall of sales. the team conducted the survey and gave following four reasons for the downfall of company's sale. (i) On account of increase in export duty made by the government, the foreign demand has gone down. (ii) Due to availability of other eatable substitute the taste of people is diverted from rice. (iii) The competitor's importance new technology machine and are producing better quality rice. (iv) Due to strain with neighbouring country's government and our country's government export is effected. Identify the dimension of business environment discussed in the above case.

Prem India Limited is a well-established International Camera Company. It was pioneer in introducing products like non-digital 'aim and shoot' cameras. After tasting success in the previous project, they introduced wide range of products in DSLR cameras. Their products range from 20 to 250 mega pixels digital cameras. With the advancement of technology, they planned to make huge investment in developing and selling even higher resolution digital cameras. The made a budget allocation of 1000rs crore in developing it. The comapny has started working on this improved product. It is a lengthy process of research and development. It may take 2 to 3 years to actually start production. In the mean time one of its competitors moved a step forward and developed and marketed mirror-less cameras in the market. It resulted in heavy losses to Prem India Limited. Identify any three limitations of planning by quoting the lines from the above para.

Mr. Ajay after completeing MBA from USA comes to india to start a new business under the banner Ecom Creations Ltd. He launches a new product in e-learing for senior Secondary School students in commerce stream, which already has an established market in UK and USA but not in India. his business starts flourising in India. Now more indian companies entered into the market with other subject also. Indetify and quote the lines from above para which highlight the significance of understanding business environment.

Zenith Ltd. Is a highly reputed company and many people wanted to join this company. The employees of this organisation are very happy and they discussed how they came in contact with this organisatino. Aman said that he was introduced by the present Sales manager, Mr. John. Benu said that he had applied through the newspaper and was appointed as H.R. Manager. Vaibhav said that he was neither related to any of the employee of the organisation nor there was any advertisement in the newspaper even them he was directly called from IIM Ahmedabad from where he was about to complete his MBA. (a) The above discussion is indicating an important function of management. Name the function of management (b) The management function identified in part (a) follows particular process. Explain the step of this peocess which is being discussed in the above para. (c ) Identify the sources of the step identified in part (b) quoting the lines form the para.