As a foreign tourist visited India, he noticed that Indian markets, tastes, trends and regulations were different from that of his country. Which feature of business environment is reflected here?

Two big banner movies were schedules to be released on the same date. On the last moment release of one of the movies had to be postponed due to opposition of a group of people due to some unethical contest related to their religion was shown in the that movie. the other movie released on time and made huge profit as there was no competition and movie which was postponed suffered loss. (i) Which feature of business environment is highlighted here ? (ii) Identify the dimension of business environment, which delayed the release of movie.

Naman and Govind after finishing their graduation under vocational stream decided to start their own travel a agency which will book rail Tickets and Air tickets on commission basis. They also thought of providing tickets within ten minutes through the use of internet. they discussed the idea with their professor Mr. Mehta who liked the idea and suggested then to first analyse the business environment whic consists of investors, competitors and other farces like social, political, etc. that may affect thier business directly of indirectly. he further told them about the technological improvements and shifts in consumer preference that were taking place and hence they should be aware of the environmental trends and change which may hinder their business performance. he emphasised on making plans keeping in mind the threate posed by the competition, so that they can deal with the situation effectively. this alignment of business operations with the business environment will result in better performance. (i) State any two features of business environment as discussed by professor mehta with Naman and Govind. (ii) State any two importance of business environment in above para.

Max Ltd., a foreign company , started its business in a under-developed contry. The size of the business is quite large. The company hs plenty of resources. It employs thousands of people in the under-developed country. The raw materials used by the company are readily available here. However, since there was not demand for these raw materials here, the producers were unable to get the best price for it. Due to this reason, the producers were discourged. Some local businessmen used to act arbitrarily earlier, but now they have corrected themselves. The reason for their becoming better is competition with the foreign company. Now their arbitrary approach has ended altogether. Max Ltd. is using completely the latest technology in its various business activities. As a result, the local people also have got the opportunity to learn the new technology. Because of using the modern technology and doing production at a large scale, the company's cost of production is very low. Because of its hugs size and status, the company occupied a dominant position in the market and took over some domestic firms. (a) Which type of business enterprise is referred to in the above para ? (b) State any three features of the enterprise identified in (a) by quoting the lines from the above para.

A recent rate cut in the interest on loans announced by the banks encouraged Amit a science student of Progressive School to take a loan from State Bank of India to experiment and develop cars to be powered by fuel produced from garbage. He developed such a car and exhibited it in the Science Fair organised by Directorate of Education He was awarded first prize for his invention Identify and explain the dimensions of business environment discussed in the above case.

The Challenge of Being a Global Manager Rajat Lal is the director of a firm that develops software solutions for the travel industry on a global level. He represents a US software services firm that outsources project work to its delivery partners in Gurgaon, the software hub of North India. It develops software for companies in the technology, transportation and leisure sectors, across the world. Rajat is the interface between his global clients and his domestic technical team. That makes his job more challenging than that of a manager who functions in a totally domestic environment. This is what Rajat has to say about the challenges of his job: In the capacity of the country manager' - the global manager has to deal with establishing his company's legal and business presence in the form of a local office or business partner, contacting and negotiating with clients, with legal bodies including lawyers and immigration authorities since the services involve having technical staff from India to be based in USA/Europe, as also with local companies offering recruitment services. Another key role he plays is establishing a sense of comfort in potential clients by stressing on the positive effects ofcross cultural and multi-cultural opportunities that outsourcing and global delivery entail, while addressing any concerns out of these. In the capacity of the functional manager- the global manager has to ensure he is able to source the right technical skills, build a strong resource base of these skills, and be able to deliver on software projects with these skill-sets working in a globalised work environment - in terms of multiple time-zones, understanding of client's priorities based on the business cycles that the client's business operates in understanding and adapting to the processes and methodologies the client isfamiliar with. Finally this function also includes customer expectation management, where the functional manager has to coordinate activities in India and in USA/Europe according to the customer's priorities, communicate what is possible and what is not possible, and accordingly also manage the expectations and satisfaction levels of his own employees In the capacity of the 'business leader - the global manager has to be alive to changing business Situations and customer priorities - he has to keep track of the trends in outsourcing - and have the ability to envision upcoming opportunities as well as potential risks. For example, having a firm grip on the changing legislations on outsourcing is criticalfor a business manager to understand if his current clients are going to continue giving him business. The global manager also needs to be extremely responsive in what customers may perceive as gaps between the operating environment in India vis-à-vis their own countries. He has to position the advantages that outsourcing to India offers - in terms of lowered costs and access to a wide talent-base, while expertly addressing concerns on weak areas like infrastructure in India. What do all these mean for a global manager today? To summarise, a global manager today is one who possesses what can be termed as 'hard' types of skills as well as 'softer types of skills. Managers who understand analysis, strategy, engineering, and technology are still going to be needed, but extremely critical to global success are people who understand how teams work, how organisations work, how people are motivated. A manager who really understands different cultures should be able to work in a West European, non-English speaking country, then move to a developing country like Malaysia or Kenya, and then be transferred to an office based in New York, USA and be almost immediately productive in all three places It can thus be understood that the role of a global manager has evolved in much the same way that the global industry and economy have evolved. It has changed from being a single dimensional role ina defined business context, to being a multi-faceted role that calls for a diverse combination of technical skills, soft management and people skills, and the ability to imbibe and learn different cultural experiences. Which features of mangement is referred in the paragraph ? Explain

After completing the course of Hotel Management Rahul plans to start his own Hotel, he plans to hire a team experts to give his guests a unique and unforgettable experience. Keeping in mind their budgets. Before starting the business he visited his home town to take blessings of his father. His father told him that success of business depends on how well finance is invested in assets and operations and how timely and economically finance are arranged from outside or from with in the business. He guided him that he should always spend time in identifying different available sources of finance and comparing them in terms of their costs and associated risks. The returns from investment should always exceed the cost of investment. In the above context financial (i) Identify the concept discussed above which has direct bearing on the financial health of a business. Outline the key objective of concept identified in part (i).