MODULE 2: Business Economics 

Unit 2.3: Business Environment

Coordinators:  Batjargal Natsagdorj, Gantulga Tsambaa, Mongolian University of Life Science

Lecturer:  Gantulga Tsambaa, Mongolian University of Life Science, a Guest lecturer from the List of teachers within the AGRIMBA network (Annex 1)

Business Environment in Mongolia

To improve personal knowledge of the business environment in Mongolia

To Explain Theoretical Framework of Business Environment

To Explain the Economic Environment of Business;

To Explain the Political and Legal Environment of Business;

To Explain the Socio-Cultural Environment;

To Explain the International and Technological Environment;

To Explain the Corporate Governance & Social responsibility of Business

Lectures

Interaction with teachers and fellow students

Self-guided group work

• Concept, significance, and nature of business environment; Elements of environment-internal and external; Changing dimensions of business environment; Techniques of environmental scanning and monitoring
• Significance and elements of economic environment; Economic systems and business environment; Government policies-industrial policy, fiscal policy, monetary policy, EXIM policy, Public sector and economic development; Economic reforms, Liberalization, and structural adjustment programs
• Critical elements of the political environment; Government and business; Changing dimensions of Legal environment, licensing policy, Consumer Protection
• Critical elements of the socio-cultural environment; Social institutions and systems; Social values and attitudes; Social groups; Income distribution, the Emerging rural sector
• Multinational corporations; Foreign collaborations and Mongolian business, International economic institutions, Foreign trade policies, Impact of Tugrug devaluation; Technological environment in Mongolia; Policy on research and development; Patent laws; Technology transfer
• Principles of Corporate Governance; principles of Social responsibility of Business; Corporate Governance Vs Social Responsibility of Company

Carrying out of business cases, tests

Written and oral exam

A.Thompson, A.Peteraf, E.Gamble, J.Strickland. Crafting and Executing Strategy, 21th ed. – New Jersey: ISBN 978-1-259-89969-0

. 46-76 p. (Chapter 3)