IMPACT SOCIO CULTURAL FACTORS ON BUSINESS Essay

Business is an economic activity and decision qualification by the management is an economic process. It give be influenced by economic and non economic surround of line of descent. You will appreciate that the phone line environment is quit complex, with heterogeneous elements in the environment. A manager must deduce and analyse this process of interaction. In particular(prenominal), you must note that only non-economic, environmental varyings have economic implications, and that is wherefore these variables singly or jointly, affect business activity.Business must have a companionable usance business concern must discharge sociable responsibility and fond obligations and have kindly commitment. differently business arsenot enjoy social sanction. We may identify the critical elements of the sociological environment of business. These elements ar neighborly institutions and systems fond values and attitudesEducation and cultureRole and responsibility of Government Social groups and movementsSocio-economic orderSocial problems and prospectsSocial institutions and systemsSocial Institutions and systems develop by history, culture and heritage. The caste system, the fount family system, fry marriage, sad and the remote family are all examples of social institutions and systems. Until the recent past the caste system ensured a actually guileless occupational division of labour in our ball club. The place of the individual was very clearly defined in the social hierarchy of the joint family system where division making was centralized in the head of the family who commanded complaisance for his age and experience. Social Values and AttitudesIn India Today, most ofthese age-old social institutions are dying fast. It is because the social values and attitudes are changing very fast. The western values of individualism have caught our imagination. Indian women no longer remain satisfied as housewives. Business does not remain confined any muc h within a given community or caste. Customs, traditions and conventions are no longer rigid. They become flexible. unions view of its authorities, responsibilities and delegation, its attitude towards business as a profession, towards achievement and work, towards ownership and management-all have very definite implications for the sociological environment of business. Education and CultureThen come Education and culture as an ingredient of the sociological environment. In this category you may list the attitude towards education the need for business education education matching the skill requirement of industry and manpower utilization the role of business schools and executive development programmes education versus training correlation among formal literacy and the level of culture the blossom forth of education and its impact on business ethics material progress and business morality business culture and organizational culture. Role and Responsibility of the GovernmentA t a given point of time, society has a level of achievements and aspirations. Such achievements and aspirations have to be defined clearly and categorically, and any divergence between the two has to be bridged through relentless social effort taking care of social eudaemonia and social constraints. This is where the role of the Government as a welfare state comes in. The government is the apex social institution. It is the Government which has to make sure that social progress is not handicapped by the tyranny of the majority, otherwise social tension. Social Groups and MovementsSocial tension originates in groups composed of frustrated individuals from groups on the basis caste, creed, religion, language, change over and profession and similar other factors. Social groups and the social movements that they engineer are a critical variable of the non-economic environment. Some ofthese groups have direct business interests. Thus, consumerism, trade unionism, the cooperative movemen t, professional management, and shareholders associations all pose challenges for business operations. Socio-economic orderIn a country like India, we have a plural form society. Ours is a land of a variety of food, dress, languages, religions, and culture. We also have dual economy with the traditional welkin co-existing with the modern sector. Technological dualism in India is very pronounced. Bullock Carts ply on the roads and the Airbus flies through the sky. All these make a very unique socio-economic order for India today. From time to time, this social order gets screwball and modified, hopefully for the better, through social movements and social policy formulation on subjects like science and technology, environmental science and forestry, family planning, animal husbandry etc. Social problems and prospectsSocial Problems and prospects are just offshoots of a changing socio-economic order. You major power be aware that consequent to industrialism and socio-economic dev elopment in many developing countries, the death rate has fall faster than the Birth rate, and this has resulted in an explosive growth of population. This in turn has brought about growing unemployment and poverty, vile housing and sanitation, urban congestion, pollution and increasing incidence of anti-social activities. Therefore, economists suggest that you should always attempt a social cost-benefit analysis of industrial development. As society moves from the pre-industrial stages of development, social benefits must outweigh social costs, otherwise the uphill new social order will prove unstable SOCIAL MOVEMENTSThe nation has witnessed several social movements. With the passage of time, as industrialisation proceeded either in the form of a revolution or evolution, in the first place or later organised movements were engineering by various social groups to protect their own interests. The class-conflict grew in intensity, and consequent upon that grew a variety of social mo vements. THE TRADE UNION MOVEMENTTrade unionism is the child of industrialisation. With the growth of the industrial culture, workers have felt that their socio-economic interests cannot be protected if they do not come in concert in some sort of organized union. THE CONSUMER MOVEMENTLike the labour movement, the consumer movement also exercises a considerable influence on the socio-economic environment of business. A strong consumer movement is the sine qua non of a good for you(p) household sector in an economy. THE MANAGEMENT MOVEMENTCompared to trade unionism and consumerism, the management movement in India has been relatively strong and distinct. Since Independence, one finds certain distinct trends in our corporate management Philosophy and structure. breakaway India inherited a structure of corporate management which was dominated organisationally by the Managing Agency System, and entrepreneurially by particular business communities and, among them again by a group of fam ilies of big business houses. THESHARE HOLDERS MOVEMENTIn our socio-culture environment of business, the shareholders movement is a recent offshoot of the professional management movement. The shareholders are increasingly becomingly becoming aware of their legitimate rights. ENVIRONMENTAL MOVEMENTIssues related to protection of the environment and ecology have received worldwide attention not only in developed countries save also in the developing countries. Increasing concern has been expressed about environmental degradation which can risk human life and existence.