With the introduction of New Economic Policy (NEP) in 1991, business activities in India assumed new dimensions. Organisational stuctures have also changed. Network and boundryless organisations occupied the centre stage to complete business transactions. But still the traditional forms of business organisation are flourishing. Small enterprises in the form of sole trading concerns are assuming professionalism and are growing in a big way, despite the fact that big malls have emerged in the retail business. Partnership firms are also run on a sustainable basis in small and medium scale business. Corporate form of business organisation has assumed on unprecedented position. With the free flow of foreign direct investment (FDI), joint ventures also have come up in a big way. Public sector undertakings (PSUs), which started running business activities in the form of corporations, companies and government departments, have started divesting, allowing priate people to participate.
In this back-drop, an attempt is made to explain the various forms of business organisation, their advantages and limitations in the first section of this work. Co-operative form of business organisatiion is also discussed in this section.
This work is prepared keeping in view the syllabus on Business Organisation and Environment of B.Com course in the University of Karnataka. Summary and graded questions and practical exercises are given at the end of each chapter for self-learning.
Section I : Business Organisation
1. Business Concepts
2. Business Organisation - I (Sole Trading Concern)
3. Business Organisation - II (Partnership Firms)
4. Business organisation - III (Co-Operatives)
5. Business Organisation - IV (Companies)
Section II : Business Environment
6. Business Environment - I (An overview and Internal Factors)
7. Business Environment - II (External Environment - Micro Aspects)
8. Business Environment - III (Macro-Social Environment)
9. Business Environment - IV (Macro - Technology, Legal, Political and Natural Environement)
10. Business Environment - V (Macro - Economic Factors)
11. Business Environment - VI (Globalization, Liberalization and Privatization Policy)