(i) Identify the dimension of business environment.

Question

Study the following case/situation and express your opinion.

Make in India is an initiative launched by the government of India. It focuses on job creation and skill development and it is in twenty five sectors of the economy. Under the initiative, brochures on these sectors and web portal were released. The initiative aims at high quality standards and minimizing the impact on environment .It also seeks to attract foreign capital investment in India.

(i) Identify the dimension of business environment.

(ii) Comment on it.

Answer 1

(i) The various dimensions of business environment referred in the above case are:

1. Political environment

2. Technological environment 

3. Economic-environment

(ii) Make in India is the policy of government as per its ideology. As it focusing on job creation and skill development in 25 sectors of economy, it convey two values through this initiative. High quality standards and concern for environment. It also aims to attract foreign capital investment in India.