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Title: very useful and precise notes
Description: It describes about ->dynamic environment about historical faces ->world poverty and income inequality ->bussiness environment ->bussiness power ->spheres of corporate power ->Roles of government ->why do governments fail?
Description: It describes about ->dynamic environment about historical faces ->world poverty and income inequality ->bussiness environment ->bussiness power ->spheres of corporate power ->Roles of government ->why do governments fail?
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Dynamic Environment
and Business Power
ARUN KUMAR TRIPATHY
MONSOON SEMESTER- 2014
Dynamic Environment – Historical Forces
•
Industrial Revolution:
•
•
•
•
•
•
Sufficiency of resources (capital, labor),
Transportation,
Markets
Ideas and institutions to support the productive blend
Industrial growth remakes societies, generates enormous tensions in society
Inequality:
• Gini Index- where 0 % stand for absolute equality, and 100% for absolute inequality
...
(
USA- 1870-0
...
73, 2005- 0
...
World Poverty and Income Inequality
Historical Forces- Contd…
...
• Printing press, Steam Engines
• Foster productivity gains, sustain economic progress, promote human welfare, can agitate societies
...
◦ Technological issues- change in business models, benefit of society, e
...
genetic engineering;
nanotechnology
◦ Socio- Cultural issues- a system of shared knowledge, values, norms, customs, and rituals acquired by
social learning
...
g
...
◦ Legal issues: Laws have steadily grown in number, cost implications of each law, e
...
some companies
had to incur 5 million of additional cost to implement the SOX Act
...
Business power – the force behind an act by a company, industry, or sector
...
Legitimacy – the rightful use of power
...
Technological power is the ability to influence the direction, rate, characteristics, and
consequences of physical innovations as they develop
...
Legal power is the ability to shape the laws of society
...
Environmental power is the impact of a company on nature
...
)
Regulator
Control, Restraint on Private activity,
Control of Monopoly, anti-competitive
measures, Protection of Consumers
...
)
Government
Entrepreneur
Growth of PSU’s, Strategic
Industries, Social EntrepreneurRural banking, rural telephony etc
...
3) The Business of Business is Business
4) Market transactions can be zero-sum, but in social interactions the laws of passion dominate
Title: very useful and precise notes
Description: It describes about ->dynamic environment about historical faces ->world poverty and income inequality ->bussiness environment ->bussiness power ->spheres of corporate power ->Roles of government ->why do governments fail?
Description: It describes about ->dynamic environment about historical faces ->world poverty and income inequality ->bussiness environment ->bussiness power ->spheres of corporate power ->Roles of government ->why do governments fail?