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    Icai Bikaner - Business Environment

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    The document discusses the business environment for auditors. It defines the business environment as consisting of internal and external components that impact businesses. The internal environment includes employee morale and technology. The external environment contains economic, political, social, legal, technological, and other stakeholder factors. Understanding the dynamic business environment is important for auditors to properly analyze companies and formulate strategies.

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    Icai Bikaner - Business Environment

    Uploaded by

    KNOWLEDGE CREATORS
    95 views20 pages
    The document discusses the business environment for auditors. It defines the business environment as consisting of internal and external components that impact businesses. The internal environment includes employee morale and technology. The external environment contains economic, political, social, legal, technological, and other stakeholder factors. Understanding the dynamic business environment is important for auditors to properly analyze companies and formulate strategies.

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    PRESENTATION GIVEN AT ICAI BIKANER – ON BUSINESS ENVIRONMENT

    Original Title

    ICAI BIKANER – BUSINESS ENVIRONMENT

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    The document discusses the business environment for auditors. It defines the business environment as consisting of internal and external components that impact businesses. The internal environment includes employee morale and technology. The external environment contains economic, political, social, legal, technological, and other stakeholder factors. Understanding the dynamic business environment is important for auditors to properly analyze companies and formulate strategies.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as ODP, PDF, TXT or read online from Scribd
    Download as odp, pdf, or txt
    95 views20 pages

    Icai Bikaner - Business Environment

    Uploaded by

    KNOWLEDGE CREATORS
    The document discusses the business environment for auditors. It defines the business environment as consisting of internal and external components that impact businesses. The internal environment includes employee morale and technology. The external environment contains economic, political, social, legal, technological, and other stakeholder factors. Understanding the dynamic business environment is important for auditors to properly analyze companies and formulate strategies.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as ODP, PDF, TXT or read online from Scribd
    Download as odp, pdf, or txt
    of 20

    ICAI BIKANER – BUSINESS ENVIRONMENT

    FOR AUDITORS

    by :
    DR. T.K. JAIN
    AFTERSCHO☺OL
    centre for social entrepreneurship
    sivakamu veterinary hospital road
    bikaner 334001 rajasthan, india
    FOR – IPCC STUDENTS OF BIKANER
    mobile : 91+9414430763

    06/06/10 www.afterschool.tk 1
    My words....
    Here I present a few ideas about business
    environment ....Business environment is very
    dynamic, fast changing, and full of
    complexities. Business is today becoming more
    and more complex every day. It is becomging
    increasingly important to understand business
    ad its context. Every decision has to be taken in
    the context of global business environment.

    06/06/10 www.afterschool.tk 2
    Why to study business
    environment ?
    To predict the future of the business
    to predict the future dimensions
    to undertake proper analysis of business, its
    valuation, its assessment, SWOT analysis
    to formulate strategies of a company
    for Benchmarking

    06/06/10 www.afterschool.tk 3
    What constitutes business
    business environment ?

    All the important players that impinge on a


    business enterprise is called
    there are two components :
    1. internal environment
    2 external environment

    06/06/10 www.afterschool.tk 4
    What are components of internal
    business environment ?

    Morale, motivation of employees


    R&D & technologial advancement
    Restructuring / reengineering in the company

    06/06/10 www.afterschool.tk 5
    What are the components of
    external business environment ?
    Economic environment
    political environment
    Social environment
    Legal environment
    Technological environment
    other stake holders...

    06/06/10 www.afterschool.tk 6
    COMPONENTS OF ECONOMIC
    ENVIRONMENT

    Monetary policy
    fiscal policy
    global economic and financial systems and
    structure
    economic policies of the government
    inflation / GDP / international trade

    06/06/10 www.afterschool.tk 7
    Analyse these events....

    RBI increases bank rate by .25


    Fiscal deficit increases by .5%
    ..

    06/06/10 www.afterschool.tk 8
    COMPONENTS OF POLITICAL
    ENVIRONMENT

    Political system
    Political stability
    Political ideology
    Political interference

    06/06/10 www.afterschool.tk 9
    Analyse these events ..

    There is talk for introduction of comprehensive


    social audit for all developmental work ...
    some economists suggest a relook at the ideas
    of Trusteeship given by Gandhi ji and said that
    the capitalism model has proved to be hollow...

    06/06/10 www.afterschool.tk 10
    COMPONENTS OF SOCIAL
    ENVIRONMENT

    Social trends
    social changes

    06/06/10 www.afterschool.tk 11
    Analyse these news....

    A survey by India today expresses concerns


    about growing problems of adulthood among
    the new generation children ...
    Technology is alienating people from each
    other ...

    06/06/10 www.afterschool.tk 12
    COMPONENTS OF LEGAL
    ENVIRONMENT
    Economic laws & business laws
    General laws
    Regulatory authorities (SEBI,IRDA,etc.)
    Legal / quasi judicial bodies (NTT etc.)
    Environmental laws & regulation
    Other laws (

    06/06/10 www.afterschool.tk 13
    Analyse these news....

    The government is planning to revamp


    economic laws ...
    the government is planning to set up NTT

    06/06/10 www.afterschool.tk 14
    COMPONENTS OF
    TECHNOLOGICAL
    ENVIRONMENT

    Information technology, Video conferencing,


    VOIP, E-Transaction, E-business, etc.

    06/06/10 www.afterschool.tk 15
    Analyse these events....

    Institutions like IGNOU, ICSI, ICAI start


    online education, corporate sector also sees an
    oportunity and companies like Educomp make
    a foray in online education for CA, IIT, etc.

    06/06/10 www.afterschool.tk 16
    Other stakeholders...

    Suppliers
    Distributors
    Competitors
    Collaborators

    06/06/10 www.afterschool.tk 17
    Analyse these events ...

    ITC sets up network with farmers through e-


    chaupals ...
    Tata Steel establish backward and forward
    linkages though its ERP system \

    06/06/10 www.afterschool.tk 18
    Thanks to ....

    All the members of ICAI Bikaner for inviting


    me and giving me an opportunity to interact
    with you

    06/06/10 www.afterschool.tk 19
    THANKS....

    GIVE YOUR SUGGESTIONS AND JOIN


    AFTERSCHOOOL NETWORK
    [email protected]
    LET US PROMOTE SOCIAL
    ENTREPRENEURSHIP

    06/06/10 www.afterschool.tk 20

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