3. Rationale on Policy and itsRationale on Policy and its
significancesignificance
Why do we need rules?Why do we need rules?
What Business policies should be established?What Business policies should be established?
Why is the Government intervention on Business RelatedWhy is the Government intervention on Business Related
policies in a market Economy?policies in a market Economy?
Why do we need policies on Science/Technology andWhy do we need policies on Science/Technology and
innovation?innovation?
Environment can not be considered meaningfully withoutEnvironment can not be considered meaningfully without
looking at many of the policy areas such as, science andlooking at many of the policy areas such as, science and
technology, innovations.technology, innovations.
4. Business polices hailing from minorBusiness polices hailing from minor
issues to major ones are supportiveissues to major ones are supportive
and directives to the entireand directives to the entire
management and Organization.management and Organization.
5. WTO (World Trade Organizations)WTO (World Trade Organizations)
Just to name a few, WTO establishes its activities forJust to name a few, WTO establishes its activities for
the followings:the followings:
AgricultureAgriculture
Textile & ClothingTextile & Clothing
Trade Related Investment measuresTrade Related Investment measures
Preshipment InspectionPreshipment Inspection
Import LicensingImport Licensing
Administering Trade AgreementsAdministering Trade Agreements
Help trades to flow smoothlyHelp trades to flow smoothly
6. WTO is regarded as Market through whichWTO is regarded as Market through which
nations attempt to create and alter rulesnations attempt to create and alter rules
governing the trade polices.governing the trade polices.
7. ⢠As a Hint: Earlier the development ofAs a Hint: Earlier the development of
trade and economy was dependent ontrade and economy was dependent on
market power of the country. A smallmarket power of the country. A small
country could not impose legal obligationscountry could not impose legal obligations
on other countries for implementing theiron other countries for implementing their
policies. To correct this and to provide freepolicies. To correct this and to provide free
flow of trade WTO is helpful.flow of trade WTO is helpful.
8. In one word each, theIn one word each, the
environments are and with which aenvironments are and with which a
manager deals:manager deals:
⢠InternalInternal
⢠NearNear
⢠FarFar
9. STEEP IS THE ACCRONYMSTEEP IS THE ACCRONYM
OF:OF:
⢠SocialSocial
⢠TechnologicalTechnological
⢠EconomicalEconomical
⢠EnvironmentalEnvironmental
⢠PoliticalâŚâŚâŚâŚâŚchanges influencingPoliticalâŚâŚâŚâŚâŚchanges influencing
the business.the business.
10. Designed and Developed By:Designed and Developed By:
K. A. Fareed (Fareed Siddiqui)
Writer, Trainer, Author, Software Developer
BBA, MBA-Finance, MPhil-Financial Management, (PhD-Management)
MA-English, MPhil-English
Post Graduate Diploma in Computer Applications and Programming
Level 1 - Leadership and Management ILM â UK
Pursuing CMA-USA
Individual Member of Institute of Management Consultants of India