Economic Planning in India

It is of great importance to make an analysis of the environment in which an organisation operates in order to develop and implement a suitable, successful strategy for the company. According to Johnson, Scholes and Whittington (2008) the business environment of a company is an important issue determining its survival and success. There are several layers of this business environment – the macro environment, the industry or sector layer, the layer with competitors and markets.

Rapid globalization and technological advancement has made the business environment more complex than before. Firms are therefore forced to understand and adapt to the environment they operate in to successfully retain their competitiveness. Such environmental factors are either internal or external and include the economic aspects, political framework, socio-cultural aspects, technological business ethics, management, corporate culture and legal aspects. These factors determine the location, nature, personnel policies, distribution systems and prices the firm is to charge for its products. It is therefore important for businesses to understand the environment they operate to avoid going bust.

　　　　In the recent years, nuclear energy has gotten a comprehensive development. There are over 430 commercial nuclear power reactors operable in 31 countries, with over 370,000 MWe of total capacity. About 70 more reactors are under construction, and these numbers are still rising up (World Nuclear

Pakistan's economic development planning began in 1948. By 1950 a six-year plan had been drafted to guide government investment in developing infrastructure. But the initial effort was unsystematic, partly because of inadequate staffing. More formal planning—incorporating overall targets, assessing resource availability, and assigning priorities—started in 1953 with the drafting of the First Five-Year Plan (1955-60). In practice, this plan was not implemented, however, mainly because political instability led to a neglect of economic policy, but in 1958 the government renewed its commitment to planning by establishing the Planning Commission.

The authors generalizes the theory so that it can apply to economics and the above mentioned fields.

With the development of nuclear industries there will be jobs created in various fields like

Every organization has to analyze its business environment before making policies and strategies for its day to day operations, marketing and promotional efforts, and competing with the industry rivals (Loudon, Stevens, & Wrenn 2004). The key factors of the business environment that affect the business operations of a company include political, economic, technological, environmental, cultural, and demographical factors. In addition to these factors, an analysis of the competitive forces is also essential in order to assess the potential threats and intensity of rivalry present in the industry (Ritchie & Crouch 2003). If an organization does not give importance to the analysis of its business environment, it may not be able to compete in the industry for a long period of time (Hill & Jones 2007).

There are two basic assumptions that economists are used to build models which is mentioned in the article. The first assumption is the scarcity of resources. And the

The economy in India is based in part on planning through its five years plans developed, executed and monitored by the Planning Commission. With the Prime Minister as the ex officio Chairman, the commission has a nominated Deputy Chairman, who has rank of a Cabinet minister. Montek Singh Ahluwalia is currently the Deputy Chairman of the Commission. The tenth plan completed its term in March 2007 and the eleventh plan is currently underway.

In business, it is essential to focus on the general environment because it directly corresponds to the organization. The general environment consists of economic conditions, legal-political conditions, sociocultural conditions and technological conditions. The way in which a business interacts with the environment will result in the company’s success or failure. A business must analyze each of these factors, as they all contribute to the overall growth and success of a company. If one of these factors become too regulated or shifted too far in one direction, a business is likely to feel it. There essentially must be a balance in order to keep a business steadily running. Ultimately, the goal is typically to maximize profits, so establishing an understanding of how these factors all play a role in the overall success of a business is critical.

     A businesses environment creates many opportunities as well as problems for prospering businesses. The environment determines what a business can do by shaping and channeling its development. Businesses function within an environment by allowing entrepreneurs to raise capital and create profits freely. The supply of money available within a business as well as the economic stability through times of growth and recession have strong effects on businesses. Not only is the physical environment, including natural resources, pollution and energy as discussed previously, important, but many other

In this term of our discussion we’re talking about business environment. It’s like an overview of the whole business environment. Simply environment of a business means the external forces including the business decisions. They can be forces of economic, social, political and technological factors.

In today's world, no business operates in isolation without interacting with the environment where it operates. Irrespective of the nature of business whether public or private organization; manufacturing; service industry; local or international firm, its operations are inhibited by the environment in which it operates.

An organization is an open system; therefore it interacts with its environment. To manage the relationship with the environment, a large part of strategic planning is concerned. The environmental factors can be divided to 2 main categories, which is MACRO and MICRO .Macro environmental factors seriously affect an organization business practice, profitability and future progress. It can

This topic will help to get a glimpse of all five year plans till now and recommended for students/ aspirants of SBI Clerical   Exams going to be held shortly. For more details please visit Planning Commission of India 's website here