The development in the IT and tele communications has created a global market. Technology is widely used in conducting market research for understanding the special needs of the customer. Data-mining and data analytics are used to know the customer better. Technology is used in managing inventory, storing goods in warehouses, in distributing goods and in receiving payment. This dynamic environnment includes the following;
(i) The level of technology available within the country
(ii) The rate of change in technology
(iii) Technology adopted by competitors
(iv) Technological obsolescence

The Goods and Services Tax Council shall make recommendations to the Union and the States on
(i) The rates including floor rates with bands of goods and services tax.
(ii) Any special rate or rates for a specified period, to raise additional resources during any natural calamity or disaster.
(iii) The goods and services that may be subjected to, or exempted from the goods and services tax.

The Indian Corporate Governance framework requires listed companies,
(i) To have independent directors on the board; Atleast one-third of the directors have to be independent directors.
(ii) To have atleast one independent woman director.
(iii) To disclose all deals and payments to related parties.
(iv) To disclose details of managerial compensation
(v) CEO and CFO to sign stating that the governance norms have been complied with in the financial statements.

(i) Values system:
The values ofthefounder/ owner of the business . percolates down to the cutire organisation and has a profound eflect on the organisation. The success of an organisation depends uponthe sharing of value system by all members.
(ii)Vision and objectives :
The vision and objectives of a business guides its operations and strategic decisions. Exanple :Amul the taste of India' Gujarat Co-operative Milk Marketing Federation (GCMMF).
(ii) Company image :
The image of an organisation plays an important role in introducing new products, selecting agents, and dealers for distribution forging allances with suppliers, expanding and entering new markets both domestic and international and raising finance, etc.

The major elements of the political and legal environment are:
(i) Political stability is reflected by the following parameters like the election system, the law and order situation, the role and structure of Military and Police force, the declaration of President's rule, civil war, etc
(ii)Political organisation refers to the ideology and philosophy of the political parties, the government, the role and degree of authority of bureaucracy, the level of political consciousness among citizens and the funding of political parties by business houses.
(iii) The image ofthe leader and the country in the inter-national arena
(iv) Legal tramework of business and their degree of tlexibility.