BUSINESS ENVIRONMENT

BUSINESS ENVIRONMENT
AREA OF STUDY: CORE
BAC 232

Year: 2
Semester: 4

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* Continuous
** Duration: 3 hours

Objectives
The course aims to provide the student with the knowledge of different facets of external business environment that are necessary for the survival of a business firm in the contemporary business world. It also aims to develop capacity and skill in the students of analyzing, synthesizing and evaluating these facets and applying them in the formulation of business policies and strategies, particularly in the context of Nepal.
Unit 1: Introduction L. H. 8
Concept, relationships between business system and its environment. Facets of business environment, importance. Environmental analysis: process and techniques, relationship between business environment and strategic management of a business.
Unit 2: Political- Legal Environment L. H. 8
Meaning, impact of political environment on business structure of Nepalese political system. Political risks: factors, techniques and procedures of analysis, interrelationships between politics, government and business, main provisions and features of business related legislations and policies in Nepal.
Unit 3: Social- Cultural Environment L. H. 8
Concept and Components, Impact of socio-cultural Environment to business, Analysis of components of Nepalese socio-cultural environment: attitudes, values and beliefs, religion, language, education, social institutions, class structure and business culture.
Unit 4: Social Responsibility of Business L. H. 7
Social responsibility of business: concept, approaches, strategies and areas. Corporate accountability, Social audit: concept, models and procedure, consumerism.
Unit 5: Technological Environment L. H. 4
Business and Technology, Assessment of Technology policy of HMG/Nepal, Status of industrial and information technology in Nepal.
Unit 6: Economic Environment L. H. 6
Economic System: types and feature. Dimensions of economy: concept, components and status.
Unit 7: International and Regional Environment L. H. 7
Concept of LPG (liberation, privatization and globalization) World Trade Organization (WTO): Concept and its impact on Nepalese economy, Impact of bilateral trade agreements including Most Favored Nation (MFN) approach in trade. Approach of regional agreements in trade: SAPTA, SAFTA and BIMSTEC and Nepal.
Suggested Readings:
1. Agrawal, G. R. (2002) Dynamics of Business Environment in Nepal, Kathmandu: M. K. Publishers and Distributors.
2. Aswathappa, K (1999) Business Environment for Strategic Management, Bombay: Himalaya Publishing House.
3. Jauch, L. R. and William F. Glueck (1988) Business Policy and Strategic Management, New Delhi: McGraw-Hill International Edition.
4. Pant, P. R. (2003) Business Environment in Nepal Kathmandu: Buddha Academic, Publishers and Distributors Pvt. Ltd.
5. Cherunilam, Fracis (1995), Business Environment Bombay: Himalaya Publishing House.
6. Khatiwada, Yuba Raj. (1999) Globalisation, Regional Cooperation and National Priorities: Nepal's Foreign Policies, Issues and Options. Kathmandu: Institute of Foreign Affairs.
7. Lohani, M. P. (ed) Social Science in Nepal: Infrastructure and Development. Kathmandu: Institute of Social Science, T. U.
8. Micheal V. P. (2000) Business Policy and Environment. New Delhi: S. Chand and Company Ltd.
9. Regmi, Rishikeshab R. (1999) Dimensions of Nepali Society and Culture. Kathmandu: T. U.
10. Shrestha Ram P. (2001) Legal Environment of Business. Kathmandu: Shukunda Prakashan
11. Sundaram, A. K. and J. Stewart Black (1997) The International Business Environment: Text and Cases. New Delhi; Prentice Hall of India
• Recent Publications of Business Related Journals of International Level. Related Publications of CBS. HMG/N's
• Related Plans Policies. Laws and Regulations of HMG/N.