Max Business

The factors and forces of business environment have lot to influence over the business. The common influence and impact of such changes in business and industry are explained. Prior to only few industries were having license and registration certificates for operating in a particular field. When the government de-licensed the company and abolished the registration scheme for the industries than and more people entered in the business of industrial movement. There was no more protected and stabilized environment for license holders and many more people joined the race of competition. There was only one car manufacturing company Hindustan Motors. This company was surviving in a protected environment because no other company was having car manufacturing license. But after when there was no license pequired many more car manufacturing companies were set up. So there was no more protected and secure environment for Hindustan Motors. After the new econ0omic policy the multinational companies got permission to establish themselves in Indian market. These companies are having large amount of resources world class technology and operate on large scale. These companies became the biggest threat to Indian companies. The Indian companies started entering into contract with foreign companies to complete with MNCs. An Indian sewing machine company joined Singer Company of U.S.A. and became Singer India Ltd. So that it can produce world class sewing machine.