Negative effects of liberalisation and globalisation are:
(i) Tremendous redistribution of economic power and political power leads to destabilising effects on the economy.
(ii) Rapid increase in technology forces enterprises to adapt to changes, or close their businesses.
(iii) Competition has increased for Indian firms.
(iv) Threat from multinational corporations.
(v) Acquisitions and mergers are increasing day-by-day.

Yes, by understanding the business environment it becomes easy for a company to maintain good image in the market. As the company produces goods according to the need of the customer and after proper scanning of the environment, they are able to adopt the changes ads per the requirement, which help them in improving performances also.

Components of business environment
(i) Components of Economic Environment:
1. Structure of economy
2. Rate of growth of GNP
3. Per capita income
4. Rates of savings and investments
5. Balance of Payments
6. Value of exports and imports
7. Agricultural and industrial production
8. Money supply in the economy
9. Public debt
(ii) Components of Social Environment 
1. Concern with quality of life
2. Life expectancy
3. Expectations from workforce
4. Birth and death rates
5. Population shifts
6. Educational system and literacy rates
7. Consumption habits
8. Composition of family
9. Attitudes towards product innovations, lifestyles, etc.
(iii)Components of Technological Environment
1. Spirit of invention and innovation among people.
2. Facilities for research and development.
3. Incentive and concessions for development and application of new technology
4. Legal protection for intellectual property rights.
5. Access to foreign technology.
(iv) Components of Political Environment
1. The constitution of the country 
2. Political stability
3. Political ideology
4. Political outlook on business sectors
5. Extent and nature of government intervention in business
6. Degree of politicization of business and economic issues.