Non Banking Financial Company (NBFC) A Non Banking Financial Company is a financial institution that does not have a full banking license and facilitates bank related financial services. It means – (a) A financial institution that is a company (b) A Non-banking institution that is a company whose principal businessRead More →
International Monetary Fund (IMF) The International Monetary Fund (IMF), is an international monetary institution established by 44 nations under the Bretton Woods Agreement of July 1944. It was established to – (a) promote economic and financial cooperation among its members (b) to facilitate the expansion and balanced growth ofRead More →
World Trade Organization The Uruguay round of General Agreements on Tariffs and Trade (GATT) (1968-93) gave birth to World Trade Organization (WTO). World Trade Organization was formed as a replacement for General Agreements on Tariffs and Trade in 1995 with the purpose of supervising and liberalizing international trade. Unlike GATT,Read More →
Export promotion measures are public policy measures taken by the government of a country to potentially enhance the exporting activities and employment of that country. In India, a number of export promotion schemes have been in existence for some time which promote the industries that have a potential for developing andRead More →
International Bank for Reconstruction and Development – World Bank The International Bank for Reconstruction and Development (IBRD) commonly referred to as World Bank, is an international financial institution whose purposes include assisting the development of its member nation’s territories, promoting and supplementing private foreign investment and long term balanceRead More →
Globalization Globalization means integrating the economy of a country with the economies of other countries under conditions of free flow of trade and capital and movement of persons across borders. IMF defines globalization as “The growing economic interdependence between countries through increasing volume and variety of cross-border transactions in goodsRead More →
Liberalization Liberalization of the economy means to free it from direct or physical controls imposed by the government. It refers to the removal or reduction of restrictions or barriers on the free exchange of goods between nations. It is the relaxation of existing or previous Government restrictions usually in areas of social,Read More →
Consumerism Phillip Kotler – “ Consumerism social movement seeking to augment the rights and powers of buyers in relation to sellers. ” Cravers and Hills “ Consumerism is a social force within the environment designed to aid and protect the consumers by exerting legal, moral and economic pressure on business.Read More →
ETOP analysis Environment threat and opportunity profile – It is a technique to structure the environment for fundamental business analysis. It was developed by glueck. The preparation of ETOP involves dividing the environment into different sectors and then analyzing the impact of each sector on the organization. A comprehensiveRead More →