... India and yet is proving to be extremely effective. Without studying the business environment in other countries, Citicorp India may not have adopted a more casual work atmosphere. This may not necessarily have been detrimental to the organization, bit it has certainly proven to be beneficial. This paper is an attempt at explicating the organic relationship between business environment and managerial dynamics. What is Business? A manager's job can loosely be defined as a job that requires him to plan, organize, lead and control. One can also say that a managers job starts with planning, and an importance of an in depth study of the business environment is central in the forming of any strategic plan. PLANNING Strategy formulation is the set of processes involved in creating or determining the strategies of the organization. The starting point in formulating strategy is analysis. Careful evaluation ...

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