352793028-Internal-Assignment-MBA-MM-2016.docx - Internal...

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Internal Assignment No. 1MBA– 101Business EnvironmentQ1)i)Enternal Environment of Organization1.Owners:Owners are people who invested in company and have property rights and claims on the organization.Owners can be an individual or group of person who started the company; or who bought a share of the company in theshare market. They have the right to change the company’s policy at any time.2.Board of Directors:The board of directors is the governing body of the company who are elected bystockholders, and they are given the responsibility of overseeing a firm's top managers such as general manager.ii)Amultinational corporationorworldwide enterprise[1]is an organization that owns or controls production of goods orservices in one or more countries other than their home country.[2]It can also be referred as aninternational corporation,a "transnationalcorporation", or astateless corporation.[iii)(1) Equitable Allocation of Raw Materials, Imported Components andEquipment:The small scale industrial units should be given adequate degree of priority in the allocation pattern of essential, butscarce, raw materials, imported components and equipment.(2) Improvement in the Methods and Techniques of Production:The small scale industrial units should be encouraged to replace their outmoded equipment with that incorporating an up-to-date technology, and facilities and incentives should be provided wherever required.Up-dating the methods and techniques of production of quality goods conforming to standards. The role of the Governmentin this respect is quite significant. Standardisation of certain products should be ensured, the quality of products should beguaranteed, and malpractices like adulteration, misrepresentation, etc., need to be curbed drastically.iv)Privatizationis the transfer of ownership of property or businesses from a government to a privately owned entity. 2.The transition from a publicly traded and owned company to a company which is privately owned and no longer tradespublicly on a stock exchange.v)Ineconomicsandpolitical science,fiscal policyis the use of governmentrevenuecollection (mainlytaxes)andexpenditure(spending) to influence the economy.[1]According toKeynesian economics, when the governmentchanges the levels of taxation and governments spending, it influencesaggregate demandand the level of economicactivity. Fiscal policy can be used to stabilize the economy over the course of thebusiness cycle.[2]The two main instruments of fiscal policy are changes in the level and composition of taxation and government spending invarious sectors. These changes can affect the followingmacroeconomicvariables, amongst others, in an economy:Aggregate demandand the level of economic activity;SavingsandInvestmentin the economyThedistribution of incomeQ2)Technologyis the collection of techniques,skills, methods and processes used in the productionofgoodsorservices

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