Concept, Elements of Environment – Internal and External; Globalization –International, Multinational, Global and Transnational; Changing dimensions of business environment, Techniques for environmental scanning and forecasting.-
Political Systems, Factors contributing to Political Risks, Legal Systems, Legal Issues relating to IB – Protection of Intellectual Property, Product liability and safety, Bribes and corruption, Shipping of goods, Environmental laws; Legal environment in India – FEMA, Competition Act, 2002
Meaning of Technology, Innovation, Technology and economic development, Impact of Technology on Globalization, E-Commerce, Influence of Internet, Information Technology; Technology Transfer.-
Basic elements of socio-cultural environment – language, religion, culture, attitude, education, habits, family; Impact of Socio-Cultural environment on business, An analysis of Eastern Cultural environment and Western Cultural environment.-
• Francis Cherunilam, Business Environment, Himalaya Publishing House, New Delhi.
• Francis Cherunilam, International Business.
• Aswathappa, International Business.
• P.Subba Rao, International Business.
• M.J.Mathew, Business Environment.
• Justin Paul, International Business.