Impact of Government policy changes on business and industry: The government policy of liberalisation, privatisation globalisation has made a definite impact on the working of enterprises in business and industry in terms of :
- increasing competition
- more demanding customers
- rapidly changing technological environment
- necessity for change
- need for developing human resource
- market orientation
- loss of budgetary support to the public sector. In the new economic environment, the Indian enterprises have developed various strategies to meet
- the challenge of competition
