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The second edition of Business Environment for Strategic Management has been enriched with the following changes: 1. Four new chapters have been added: Chapter 2 – Business Environment Chapter 31 – External Sector Chapter 36 - Business Ethics Chapter 37 - Corporate Governance 2. At the end of each environmental factor is included a section on its analysis and integration in the corporate strategic management. 3. A new features assignment is added at the end of each of each chapter. If taken up by the students seriously, assignment help them bridge the gap between what is being practiced in the industry and what is being read in the book. 4. Each page the margin notes which are value add to the book. 5. The book has new outlook and multiple colour printing. Contents : 1. Nature in Business 2. Business environment 3. Meaning and Rationale for Globalization 4. Strategies for Going Global 5. From Domestic Market to Global Markets 6. India, WTO and the Trading Blocks 7. Technological Environment 8. Political Institutions 9. The Constitution of India 10. Rationale and Extent of State Intervention 11. End of Government in business? 12. Economics Environment 13. Industrial Policy 14. Industrial Licensing 15. From the MRTP Act, 1969 to the Competition Act, 2003 16. From Foreign Exchange Regulation Act, to Foreign Exchange Management Act 17. The Companies Act, 1956 18. Public Sector Enterprises 19. Privatisation 20. Small Scale Industries 21. Industrial Labour 22. Industrial Sickness 23. Exit Policy 24. Infrastructure 25. Development Banks 26. Stock Exchanges 27. Monetary and Fiscal Policies 28. Agriculture 29. Balanced Regional Development 30. Price and Distribution Controls 31. External Sector 32. New Economic Policy 33. Cultural Environment 34. Social Responsibility of Business 35. Business and Society 36. Business Ethics 37. Corporate Governance 38. Natural Environment 39. Integrating Environment and Strategic Management