Introduction to Business Environments and its impacts on Reliance Industries

In this presentation, we will talk about what the business environment is and why it’s important for businesses. You’ll learn about the different factors that affect businesses, like the economy, technology, social trends, politics, and laws. We’ll explore how businesses are influenced by these factors and how they must adjust to stay competitive. By the end, you’ll understand how businesses work in their environment and how these factors can impact their success. This presentation will give you a clear and simple overview of the business environment.

1. Business Environment By Varsha Byju

2. Index 01 04 02 03 Introduction of Business Environments Introduction to Reliance Industries Limited Effect’s of Business Environments on Reliance Industries Limited Conclusion 05 Bibliography

3. Introduction of Business Environments 01

4. What is Business Environment? Business Environment is sum or collection of all internal and external factors such as employees, customers needs and expectations, supply and demand, management, clients, suppliers, owners, activities by government, innovation in technology, social trends, market trends, economic changes, etc. These factors affect the function of the company and how a company works directly or indirectly.

5. 2. Social Environment Dimensions of B usiness Environments 1. Economic Environment 3. Technological Environment 4. Political Environment 5. Legal Environment

6. 1. Economic Environment It refers to all those factors and forces that have an economic impact on the business activities. Key economic factors include inflation, money supply. price level, etc. For example, increase in inflation rates result in fall in disposable incomes and as a result the demand for products falls.

7. 2. Social Environment represents the customs and traditions, values, culture, social trends, beliefs, ethics of society in which business operate. For example, with greater awareness among consumers about their rights, businesses are more concerned about the quality of goods they sell.

8. 3. Technological Environment It consists of forces relating to scientific improvements and innovations, which lead to better production techniques and methods to produce goods. For example, shift from books to e-books, telephones to touch screen mobile phones.

9. 4. Political Environment It includes political stability such as political leadership , political stability. practices of the ruling party, etc. For example, change in government, or unstable government.

10. 5. Legal Environment It includes all the legislations passed, administrative orders issued, court judgements or decisions taken by government or its related offices. For example, all cigarette packets must carry a warning 'smoking is injurious to health'.

11. Introduction to Reliance Industries Limited 02

12. Reliance Industries Limited

13. Founder: Dhirubhai Ambani Founded: 1958,Maharashtra Owner: Mukesh Dhirubhai Ambani Revenue: 8.91 lakh crores INR (US$110 billion, 2023) Industry: Conglomerate Reliance Industries Limited

14. Reliance Industries Limited is an Indian multinational conglomerate, headquartered in Mumbai. Its businesses include energy, petrochemicals, natural gas, retail, telecommunications, mass media, and textiles. Reliance is the largest public company in India by market capitalisation and revenue,and the 100th largest company worldwide. About Reliance Industries Ltd

15. Effect’s of Business Environments on Reliance Industries Limited 03

16. How Economic Environment affects Reliance Industries Ltd There are multiple economic factors that impact business of Reliance Industries Limited. Inflation rate in the country decides as to buying capacity of the public in the market.Too high inflation rate is not preferred for business to be profitable because then the raw material procurement becomes costly resulting in rise in the final product. High interest rates are bad for both business and the customer. Business like Reliance Industries take up loan from various banks to support their financials over the year and the customer to buy high end quality products takes up loans. But when the interest rates shoot up both the level of production and buying strength hampers. The stability in the economic market and exchange rates is important factor to grow the business at desired pace. GDP of the country reflects how the business is going to grow in future.

17. Social factors often look at the cultural aspects and include health consciousness, population growth rate, age distribution, changes in tastes and buying patterns, etc.Safety of a person overrides all the production targets’ is the Health, Safety and Environment Policy of Reliance.Occupational Health Centres (OHCs) have been established to provide education on health and awareness issues, diagnostic camps and health exhibitions are also arranged. RIL also offers periodic medical examination of all the employees (including Contractors’ employees) along with their family members. In case of any hospitalisation RIL employees are supported by consistent co-operation and cashless hospitalisation amenities from one corner of a country to another. The company also provides fully equipped hospitals in all its major townships. The company also helps conduct Periodic potable water sampling analysis and health audits for the canteens and guest houses. How Social Environment affects Reliance Industries Ltd

18. How T echnological Environment affects Reliance Industries Ltd Technology has been central to everything Reliance has ever done. From their very first textile plant to the world’s largest greenfield refinery to their latest telecom business Jio, all utilise the best available technology to create timeless assets that give long-term returns to stakeholders.Reliance is actively involved in the development of novel and proprietary catalysts, processes and products to improve profitability and accelerate our growth.The company has transitioned from a smart buyer of technology to a fast customizer of technology and is a flagship developer which provides business leadership through largely in-house developed technology that creates significant value.

19. Reliance Industries is one of the largest producers of the chemical used to produce polyester yarn. It will face more competition in the segment after proposed cut in import duties for purified terephthalic acid (TPA).The budget speech given by Nirmala Sitharaman(Finance Minister of India) said that the government is getting rid of the duty to help ensure easy availability of the commodity at comparative prices. How Political Environment affects Reliance Industries Ltd

20. There are strict laws that govern Reliance Industries’ business in every field. Labor laws which protect basic rights of every labor including minimum wages are to be aligned with the company’s legal framework. Environment protection laws for the manufacturing units and their industrial waste disposal standards govern their overall activity. Contract laws, corporate laws and their adherence with company’s rules is mandatory. There is separate legal team which looks after all kinds of laws which are to be aligned and incorporated in their business. Health and safety laws are strict these days since along with the government the public is also becoming conscious about consumables content and quality. How Legal Environment affects Reliance Industries Ltd

21. Conclusion 04

22. Conclusion In conclusion, Reliance Industries' performance and strategies are greatly influenced by the various business environments in which it operates. Economic conditions, regulatory changes, technological advancements, and shifting market trends all play a role in shaping the company's trajectory. As a diversified conglomerate, Reliance Industries must adapt and respond to these dynamic factors to ensure sustained growth and success across its different sectors, ranging from petrochemicals and refining to retail and telecommunications.

23. Bibliography Websites https://www.ril.com/ , https://byjus.com/ , https://www.toppr.com/ Books NCERT Business Studies I , Sandeep Garg Business Studies

24. Thank you