Preface

The success and sustainability of any business are deeply intertwined with the environment in which it operates. Beyond the internal strategies, leadership, and innovation, businesses must navigate an intricate web of external structures and regulations that shape their actions and define their boundaries. This institutional framework, comprising legal, political, economic, and social systems, is the foundation that influences how businesses are created, grown, and maintained.
In this book, Institutional Framework for Business, we explore the dynamic relationship between businesses and the institutions that regulate, support, and sometimes challenge them. We delve into the essential components of this framework, including governance structures, regulatory policies, market conditions, and societal norms, to provide a comprehensive understanding of how these elements affect business operations globally. From corporate governance and compliance to understanding international trade regulations, this book serves as both an academic and practical guide for entrepreneurs, business leaders, policymakers, and students.
The objective of this book is to equip readers with the knowledge to navigate and influence the institutional environment effectively. By providing insights into how these frameworks function and evolve, I hope to encourage a deeper understanding of the complexities and opportunities present in the ever-changing business landscape. 
The present Book has been written particularly for the students pursuing B.com semester 4 course of University of Lucknow. It is based on the new syllabus. The language of the book is very simple and easy to be understood by every student.