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Business Environment

About This Course

Business and governments are like Siamese twins. Ronald Reagan used to joke that Government never allows any rest for the business: if it moves, it is taxed, if it still moves, it is regulated and if it does not move it is subsidized. On the other hand, the critics of business maintain that many businesses also do not give peace to the government because they make profit not in the factories and shops but in the corridors of power. This love-hate relationship between the business and the government is no longer confined within of boundaries of nation-states. Business is today a part of the global village. The stakeholders of business are no longer docile; they also want a share of the pie. The challenges and opportunities of business can no longer be analysed in isolation. There is a constant tug of war between business on the one end and the government, international institutions and stakeholders at all levels at the other end. The course aims at explaining 3 things. [1] Opportunities and threats for businesses arising from global, national and local business environments [2] Interaction between business and political, economic, social, technological, and legal environment [3] Appreciation of business environment in Bangladesh.

Learning Objectives

1. Identify opportunities and threats to a business arising from business environment
2. Analyse the rise and fall of jute trade and industry in Bangladesh
3. Understand how business laws, policies, rules and regulations are formulated
4. Appreciate legal, social and ethical responsibilities of business
5. Learn how business can modify and adjust to business environment.


Prerequisite Course: Introduction to Business (BUS101)

Course Instructor

Course Staff Image #1

Dr. Akbar Ali Khan

Brac Business School

Dr. Akbar Ali Khan was born in 1944 at Nabinagar in Brahamanbaria district. He studied History in Dhaka University and secured first place in first class in both B.A. (Hons.) and M.A. Examinations. He studied Economics in Queen’s University Canada and obtained M.A. and PhD in Economics.