Culture characteristics are very important in formulation of business strategies. The cost of ignoring customs, traditions, taboos, tastes and preferences etc. can be very high. The interface between business and culture can be understood from the following points: 1. Culture Creates People: It is the culture which generally determines the ethos of people. It tends to train people along particular [...]
Everything you need to know about Business Environment. 'Environment' refers to all external forces which have a bearing on the functioning of the business. Business Environment: Meaning, Objectives, Importance and Factors Contents: Meaning of Business Environment Objectives and Uses of the Study of Business Environment Importance of the Study of Business Environment Factors Influencing Business Environment Factors Influencing Economic Environment [...]
The term responsibility, accountability, obligation or duty is all used interchangeably in the context of relations between Government and business. Responsibilities of Business towards Government: The Government has certain definite expectation from business. The business houses are expected to fulfill the following responsibilities: 1. Regular Payment of Taxes: Taxes are a major source of revenue for the Government. It is [...]