The political environment also affects business environment and operation of their activities. The interaction between government, politicians, and business significantly affect the form of the business. So, it has been correctly said that political decisions may change even the direction of the business. Politicals Factors Affecting Business Activities Following factors … [Read more...] about Top 13 Politicals Factors Affecting Business Activities
Entrepreneurship
13 Social and Cultural Values Affect Business Environment
Factors like social outlook towards education, literacy, fashion, tendency, population growth, family structure, dynamism, materialism, etc. affect the business environment. In the modern age, new social recognition and values have been established. These include the high quality of life, feelings of respect for people, love for knowledge and education, faith in … [Read more...] about 13 Social and Cultural Values Affect Business Environment
27 Steps Taken for Development of Entrepreneurship in India
After independence, planned efforts were made in India for the development of entrepreneurship and progressive and practical industrial policies were formulated. Various programmes have been implemented to develop entrepreneurs. They are being trained and motivated also. Steps Taken for Development of Entrepreneurship in India In short, the following steps have been taken … [Read more...] about 27 Steps Taken for Development of Entrepreneurship in India
Emergence of Entrepreneurial Class: Explained with Examples
Environmental changes in the economy have led to the emergence of a new entrepreneurial class or business entrepreneurship. Their functions and role have undergone significant changes. In earlier days, entrepreneurship was regarded as individual responsibility and after some time it assumed collective responsibility. At present, the entrepreneurship is oriented towards … [Read more...] about Emergence of Entrepreneurial Class: Explained with Examples
Top 5 Basics of Successful Entrepreneurship (Must Know)
The standard values and the basics of entrepreneurship have also brought changes in the changing industrial environment and a new economy is emerging. One has to accept this reality. Globalization, Industrialisation, and liberalization have given good impetus to entrepreneurship, but at the same time, these have posed several challenges for it. It is true that the undue … [Read more...] about Top 5 Basics of Successful Entrepreneurship (Must Know)