The government of India announced Demonetization of ₹ 500 and ₹ 1,000 currency notes with effect from the midnight of November 8, 2016. As a result, the existing ₹ 500 and ₹ 1,000 currency notes ceased to be legal tender from that date. New currency notes of the denomination of ₹ 500 and ₹ 2,000 were issued by Reserve Bank of India after the announcement.
This step resulted in a substantial increase in the awareness about and use of Point of Sale machines, e-wallets, digital cash and other modes of cashless transactions. Also, increased transparency in monetary transactions and disclosure led to a rise in government revenue in the form of tax collection.
a. Enumerate the dimensions of the business environment highlighted above.
b. State the features of Demonetization.
a. Dimensions of business environment highlighted in the above case are:
1. Economic environment: Demonetization is highlighting the economic dimension as it happens due to change in the system that is because of changes made by the government in economic policies. That is RBI (Reserve Bank India) which is the regulator of economic development.
2. Political environment: It highlights the political dimension as the government involved in the above case because the government of india announced Demonetization of RS 500 and RS 100 currency notes with effect from the midnight of November 8, 2016.
3. Technological environment: It also highlights technological dimensions. As a result of the above case it increases the awareness and knowledge of technology among the citizens of India by introducing point sale machines, e-wallets, digital cash and other modes of online cashless payment.
b. Features of demonetization are:
1. Measure of tax administration: Demonetization is viewed as a tax administration measure. Because the cash holders with black money had to declare their unaccounted wealth and pay taxes at a penalty rate at the time of exchange of currency.
2. Measure to avoid tax evasion: Government indicating that tax evasion will no longer be tolerated or accepted.
3. Demonetization also led to tax administration channelizing savings into the formal financial system. As most of the cash has been deposited in the bank and is bound to be withdrawn. So new deposits schemes offered by the banks will continue to provide a base loan, at lower interest rate.
4) Create a cashless economy: Another feature of demonetization is to create a cashless or cash-lite economy by channeling more savings through the formal financial system and reducing tax evasion.
How would you characterize the business environment? Explain with examples, the difference between general and specific environment.
National Digital Library of India (NDL India) is a pilot project initiated by the HRD ministry. It works towards developing a framework of virtual repository of learning resources with a single-window search facility. It provides support to all academic levels including researchers, life-long learners and differently-abled learners free of cost. State the dimensions of business environment highlighted above.
Why it is important for business enterprises to understand their environment? Explain.
How would you argue that the success of a business enterprise is significantly influenced by its environment?
Briefly discuss the impact of Government policy changes on business and industry.
What economic changes were initiated by the Government under the Industrial Policy, 1991? What impact have these changes made on business and industry?
What are the essential features of:
a. Liberalisation,
b. Privatization and
c. Globalisation?
How does understanding of business environment help in improving performance of a business?
Give an example to show that a business firm operates within numerous inter related factors constituting the business environment.(Hint: example highlighting the inter relatedness of dimensions of business environment).
State the impact of demonetization on interest rates, private wealth and real estate.
How does planning provide direction?
What is meant by staffing?
Identify the network of social relationships which arises spontaneously due to interaction at work.
What is informal communication?
State the meaning of controlling.
What is meant by capital structure?v
What is meant by management?
What is a Treasury Bill?
State any two advantages of branding to marketers of goods and services?
What makes principles of management flexible?
In an organisation, one of the departmental manager is inflexible and once he takes a decision, he does not like to be contradicted. As a result, employees always feel they are under stress and they take least initiative and fear to express their opinions and problems before the manager. What is the problem in the way authority is being used by the manager?
Mr Shantanu is a chief manager of a reputed company that manufactures garments. He called the production manager and instructed him to keep a constant and continuous check on all the activities related to his department so that everything goes as per the set plan. He also suggested him to keep a track of the performance of all the employees in the organisation so that targets are achieved effectively and efficiently.
a. Describe any two features of Controlling highlighted in the above situation.(Goal Oriented, continuous and pervasive – any 2).
b. Explain any four points of importance of Controlling.
Explain the process of staffing in detail.
What is marketing mix? What are its main elements? Explain.
A company manufacturing sewing machines set up in 1945 by the British promoters follows formal organisation culture in totality. It is facing lot of problems in delays in decision making. As the result it is not able to adapt to changing business environment. The work force is also not motivated since they cannot vent their grievances except through formal channels, which involve red tape. Employee turnover is high. Its market share is also declining due to changed circumstances and business environment. You are to advise the company with regard to change it should bring about in its organisation structure to overcome the problems faced by it. Give reasons in terms of benefits it will derive from the changes suggested by you.
How do capital budgeting decisions impact a company’s financial future?
Who can file a complaint in a consumer court?
What are semantic barriers of communication?
Under which consumer right does a business firm set up consumer grievance cell?
What is meant by 'Scalar Chain'?