Tag: Global Integration

‘Vasudhaiva Kutumbakam’ – The World Is One Family

April 24, 2023
/ Leave a Comment on ‘Vasudhaiva Kutumbakam’ – The World Is One Family

8 min
8 months
1,431 word

Tagged Global Integration, Vasudhaiva Kutumbakam, world Peace

‘Vasudhaiva Kutumbakam’ – The World Is One Family

Vasudhaiva Kutumbakam’ is a sentiment in which the whole society has been told that the whole world is one family, whether we look at it from a material point of view or from a spiritual point of view.

Keywords – Vasudhaiva Kutumbakam, Global Integration, world Peace, The World Is One Family

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‘Vasudhaiva Kutumbakam’ is a sentiment in which the whole society has been told that the whole world is one family, whether we look at it from a material point of view or from a spiritual point of view. It is clear in both that there is no difference between all the human beings in the world. The way all the members of a family depend on each other, in the same way we are also dependent on each other. It binds us all together.

Every living being on the earth, be it human, animal or animal, family is their priority for all living beings. All living beings love their family, they are companions of their happiness and sorrow. However, it is not that there are no fights and ideological differences in the family. But, these differences of opinion are for a few moments. Even if there is tension between them, they never think of development by hurting each other.

This is the feeling a human being has towards other human beings and living beings all over the world when he “adopts the concept of Vasudhaiva Kutumbakam”.

Before knowing about Vasudhaiva Kutumbakam, you need to know what it means.

Meaning Of Vasudhaiva Kutumbakam-

Let us understands the meaning of each of its words before understanding the combined meaning of the concept of Vasudhaiva Kutumkabam. Vasudev means earth and Kutumb means family. Thus the combined meaning of Vasudhaiva Kutumbakam is “The Earth is one family”.

Just as no human being can think of harming his family, he/she does not harbor feelings of enmity towards his family. In the same way, by adopting the concept of Vasudhaiva Kutumbakam, all human beings forget their differences and start living like a mutual family.

The sentence ‘Vasudhaiva Kutumbakam’ represents the belief that all beings in the world should have kindness, compassion towards each other, and should treat each other with respect. They should try to live in peace and harmony.

Current Scenario & World Crisis

Presently we are living in a society with a mixed population with different religions, caste, and culture living in modernization and globalization. Till now we are living in the age of obscurity (Age of Kali Yuga) where we are facing many bad conditions like fear and insecurity, injustice, theft, starvation, poverty, tyranny, terrorism threats.

Mankind is currently facing enormous social and ecological difficulties. At this time, we are fighting not only our existence and physical battle, but also such a battle is going on, where the identity of human being, humanity is also at stake.

Today man is facing all kinds of problems. Relationships have lost value. Far from seeing the whole world from the point of view of one’s own family, people are not afraid of harming their own family because of their greed. Morality is disappearing among the people, the level of sensitivity in the hearts has reduced now. People keep thinking only about their benefits, even if they have to go to any extent for that, people are ready to go.

Time Calls For Vasudhaiva Kutumbakam-

There is a need of Vasudhaiva Kutumbakam once again to re-establish peace in the world so that people can feel oneness despite different differences. It is very necessary to have such a feeling for coexistence, otherwise one day the human race will reach the brink of extinction.

This is the ideal opportunity for each of the social leaders, youth pioneers, religious pioneers and educational pioneers to think together for another vision of the world as Vasudhaiva Kutumbakam – one family and to actualize this vision to build harmony, Working together to change.

Diffrenece Between Eastern & Western Philosophy

We have gathered a common public, which is manipulative and volatile. Today we are living in a very dangerous situation, where human existence is being challenged by humans themselves, Circumstances are changing every moment. Our general public is worried. Signs of destruction are constantly taking control of the lifestyle. Biological emergencies, increasing poverty along with population growth, hunger and cruelty, an economically unequal world, arms race and warlike nature are the real factors of destruction of the human race today, forcing humans to think whether they themselves are inviting Destruction?

Globalization ~ “The world is one market”

According to western view globalization means “the world is one market” people mean only till profit. This is the time of globalization, which means corruption, conflict and violence due to declining human values, giving more importance to money than human values. ‘Vasudhaiva Kutumbakam’ for example “The world is one family”According to the Eastern point of view we believe that Vasudhaiva Kutumbakam means the world is one family. It means that the whole world is one family, which through ancient wisdom carries forward a culture of universal citizenship and harmony.

Vasudhaiva Kutumbakam – ‘The world is still one family’. India has also been a bearer of harmony in the past as it was India, who enunciated the general concept of “Vasudhaiva Kutumbakam”, which means, ‘the whole world is one family’.

The whole duty of the general public is to make the thinking of Vasudhaiva Kutumbakam a reality. Whenever the general public is not vested with the spirit of unity, then betrayal and decline of harmony will be seen in the general public.

Significance Of Vasudhaiva Kutumbakam-

The concept of Vasudhaiva Kutumbakam was given by the ancient sages of India only. The aim of this concept was to establish peace among all the living beings of the earth, to make human beings helpful towards each other so that humanity can flourish.

In India, the spirit of Vasudhaiva Kutumbakam was ingrained in all the people since ancient times. That’s why India gave shelter to people of every caste and religion. But in India, between the 16th and 17th centuries, European countries started colonizing it and tried to create divisions among the people of the country, due to which the spirit of Vasudhaiva Kutumbakam slowly started to decline. To live in harmony all religions should be respected.

The Principles Of Vasudhaiva Kutumbakam-

Building a new world order

We should follow these principles to make the world as one family with the spirit of Vasudhaiva Kutumbakam and create a new world order. The First Principle of Oneness All individuals are interdependent in a specific way, connected to the earth as a whole. Everyone’s existence is not possible without the other, so we should respect each other.

Acceptance and Tolerance

Tolerance works on inter-religious agreement and relationship between individuals and between social systems and countries.

Cooperation and Respect

Human solidarity is based on participation and respect for each other. “Accept and respect all religions as we respect our own”.

Love

“Love and compassion for others open the door to solidarity of individuals and solidarity of religions.”

Understanding and Compassion

The third guideline of Vasudhaiva Kutumbakam – The world is one family, the essence of which comes from finding out who am I? Also, to live life peacefully it is necessary to develop our understanding about different religions and different societies. Empathy for all living things in all circumstances. Empathy is the establishment of solidarity and world harmony.

Ahimsa (non-violence)

For a peaceful person, the whole world is one family. He will not be afraid of anyone, nor will others be afraid of him.

Exchange

The fourth guideline is the principle of discourse. Harmony can be achieved through dialogue. Dialogue between religions produces common connections and a deeper understanding of beliefs. Understanding of faiths and religions furthers a culture of harmony and amity and helps us to live as one family under God.

Conclusion-

The concept of ‘Vasudhaiva Kutumbakam’ teaches everyone to forget mutual enmity and live together in peace. Our ancient sages had already realized this concept. That’s why many sages and many great social workers worked from time to time to convince the people fighting in the name of religion, caste and community in the society and in the country. Everyone will remain united only then they can face the biggest problem. They supported each other adopting the concept of Vasudhaiva Kutumbakam when the whole world was tense and turbulent during the Covid-19 pandemic. Only then this epidemic could be conquered.

Therefore, if the concept of “Vasudhaiva Kutumbakam” remains, then only the world will develop and all the living beings of the world will be able to live peacefully.

Written By – Aryan Gaur

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Business Environment

May 8, 2021
/ Leave a Comment on Business Environment:Introduction, Features and its Types with Global Integration

8 min
3 years
1,411 word

Tagged Business Environment, Global Integration, Internal and External Environment, Mission Statement, Vision Statement

Business Environment:Introduction, Features and its Types with Global Integration

The post contains following information about Business Environment : Features of Business Environment Importance of Business Environment Vision and Mission Statement Types of Business Environment Global Integration and Business Environment Comparative Analysis of Business Environment […]

The post contains following information about Business Environment :

Features of Business Environment
Importance of Business Environment
Vision and Mission Statement
Types of Business Environment
Global Integration and Business Environment
Comparative Analysis of Business Environment : India and other Countries

Old concept was to ‘sell what is being produced’ while the modern concept is to ‘ produce what is being desired’.

According to Barnard – environment consists of atoms and molecules, agglomeration of things in motion, alive, emotions laws, etc. The number is infinite, they are always present as well as changing.’

Modern business is dynamic. It keeps on changing, the business environment either possesses a threat or gives an opportunity for market exploitation.

Features of Business Environment :

Aggregative in nature
Specific(investors, customers) and general (social, political, technological) forces which affect the enterprise directly and indirectly respectively.
Dynamic in nature
Uncertain
Relative i.e. it differs from region to region, like sale of sarees is preferable in India not in abroad.
Multi-faceted changes are viewed differently by different people.

Importance of Business Environment

Early identification of opportunities helps to exploit the market.
Identification of threats
Coping with changes
Improving performance
Identifying areas of growth
Analysing competitors strategy

VISION AND MISSION STATEMENT

VISION – Desired future position of the country. What we have to achieve in future (long run).

MISSION – Defines the company’s business , its objective and approach. Where are we today(Short run)

This vision and mission statement helps in guiding the management , defining their performance standards ,their decision making and framework for ethical behaviour. Also it helps in setting external links and serves as a public tool.

Vision Statement

It is where you want your business to reach.

Disney – to make people happy

Sony – we invite new thinking , fantastic ideas. Take chances , and help dreamers dream.

ICSI – to be global leader in promoting good corporate governance.

Mission Statement

Vision is the ultimate goal, mission is how you would get there. It explains why our business exists.

Nike – bring inspiration and innovation to every athlete in the world.

Facebook – give people the power to share and to make world open and connected.

Google – organize world’s information and make it accessible and useful

ICSI – develop high caliber professionals facilitating good corporate governance.

TYPES OF BUSINESS ENVIRONMENT

1. INTERNAL ENVIRONMENT :

It includes 6M’s

MAN( Human resource)
MONEY (Financial factors)
MARKETING RESOURCES
MACHINERY (Physical assets)
MANAGEMENT STRUCTURE AND NATURE : In a rapid changing environment firms find it difficult to adapt to new changes quickly. Organizations in slow markets are rigid in adapting changes, whereas changing markets are more adaptive.
MISCELLANEOUS FACTORS : R&D, company image and brand equity, value system, competitive advantage.

Example : If the Apple company is best in mobile phones , it even sells laptops, watches, etc and people buy them because they have an advantage of the brand.

2. EXTERNAL ENVIRONMENT :

A. MICRO ENVIRONMENT :

It is also known as Task environment and Operating environment. It consists of factors intimately linked with company performance.

Customers : Meeting their needs and wants
Employees : Keeping them motivated ,training and developing programmes.
Suppliers : The rate at which the product is provided affects the firm directly.
Shareholders : Affects the functioning of business as they have voting rights.
Media : Positive attention can make the organisation while negative attention can break the organisation. Business employs public relations(PR) or ‘gurus’.
Competitors : Does business have a unique selling point(USP) ?

B. MACRO ENVIRONMENT :

Also known as General environment and Remote environment. Acronym of macro environment is ‘STEEP’

Social cultural and Demographics : Societal structure and values of society greatly impacts the functioning of firms.
- For Example : Accepting women to work, quality products due to increase of awareness etc. Demographics refer to size, density and population. Increase in population means more labour that is the reason foreign companies set their business in India due to easy availability of skilled labour.

Technology : The technology adopted by the industry determines the type and quality of goods and services produced.
Economic conditions : The economy goes through fluctuations with booms and recessions in economic activity. The GDP, markets, availability of capital, etc determines the economic conditions of a country. The policies framed by the government influences business activity like industrial policy, foreign trade policy, etc. Also the type of economic system influences greatly the choice of business i.e. mixed economy, socialist economy or capitalist economy.
Ecological and Physical Environment : Climate change , water and fuel cost, availability of natural resources. Like sugar factories are set where sugarcane can be grown.
Political and Legal : Political environment includes the political system, government policies, and their attitudes towards the business community. Legal environment includes flexibility and adaptability of law and other legal rules governing the business. A stable political and legal environment is indispensable for business growth.

GLOBAL INTEGRATION AND BUSINESS ENVIRONMENT

Government faced a serious foreign exchange crisis during the eighties due to which the Government of India introduced radical change in economic policies in 1991. This policy abolished industrial licensing in most of the cases, allowing private participation ; disinvestment was carried out. Foreign investment promotion board was set up to channel foreign capital investment in India.

LIBERALIZATION :
- In order to connect with the world we change our norms. It is a process of eliminating unnecessary controls and restrictions.
- It includes abolishing industrial licenses, freedom to decide the scale of business and fixing the price, reduction in tax rates, simplified procedures of import and export and also simplified policies.

PRIVATIZATION :
- Transfer of ownership and management from public to private sector. It is an inevitable historical reaction, even ‘communist’ consider it vital.
- Important routes of privatization is :
  - Divestiture by sales of share, denationalization or re-privatization, government contracts to outsource services (like IRCTC has contacted its delivery of food), franchising, government leaving a provision completely or partially to the private sector, using leases and management contracts and lastly liquidation.

GLOBALIZATION :
- When you integrate your economy with the world economy. With the change in economic policies in 1991, globalization became a buzzword with expansion of business overseas. Increasing cross border transactions and international capital flow. Globalization is considered to be at two levels i.e. micro (of business and firm) and macro (of world economy).

The US, Canada and Mexico have signed the North American Free Trade agreement (NAFTA) which will remove all barriers to trade among these countries. The creation of the World Trade Organization(WTO) working to increase cross border trade.
Globalization led to deregulation of antitrust laws and proliferation of mergers and acquisitions.

COMPARATIVE ANALYSIS OF BUSINESS ENVIRONMENT – INDIA AND OTHER COUNTRIES

India is the world’s largest democracy in the terms of voters and is a parliamentary form – two tiered – executive and judiciary all have distinct but interrelated functions.
India was a socialist democratic republic until 1991. India ranks 10^th largest economy in the world and 3^rd largest in the terms of GDP on purchasing power parity(PPP).
The recent Global Competitiveness Report covering 148 countries India holds 60^th position. India ranks higher in market (3^rd). It is also the third most attractive destination of FDI after China and U.S.A as per a UNCTAD report.
India has one of the highest savings rates in the world.
The ‘Doing Business’ rankings published by the World Bank based on 10 parameters , in which India ranks 13^th in Protecting Minority Investors i.e. has laws to protect interests of minority shareholders.
Media advertisement is not allowed in Libya. European countries confine the use of children in commercial ads. India’s advertisement of alcoholic liquor is banned. The buyer of baby food must be told that breastfeeding is the best. In the US federal trade commission is authorized to provide quality, prices, etc.
Competition Commission of India (CCI) keeps track of anti-competitive practices : mergers and acquisition.
If a company wants to expand their business they have to satisfy the commission that it was fair and anti-competitive in nature.
It is easier to set up a manufacturing unit under the ‘Make in India’ scheme.
Customers in developing countries are highly price sensitive whereas in developed countries they prefer quality.
In thailand, Helene Curtis switched to black shampoo as women thought it to be better. Nestle Swiss MNC, makes 40 varieties of instant coffee. Vicks vaporub is used as mosquito repellent in some tropical areas. Due to the difference in language tata motors brand name ‘Zica’ changed its name to ‘Tiago’ because ‘Zica’ is epidemic in South America.
Blue is considered as feminine and warm in Holland whereas in Sweden it is considered masculine and cold. Green as muslim colour but in Malaysia it is associated to illness.

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