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Business Environment: Industry 5.0 is a comprehensive and forward-looking textbook that explores the dynamic transformation of the global business landscape in the era of human-centric innovation. Moving beyond automation and digitization, the book critically examines how Industry 5.0 integrates advanced technologies with human intelligence, sustainability, and resilience to redefine modern enterprises.
The book provides an in-depth understanding of economic, technological, political, legal, socio-cultural, and global environmental factors influencing businesses in the digital age. Special emphasis is given to emerging trends such as Artificial Intelligence (AI), robotics, big data analytics, blockchain, quantum technologies, sustainable development, and ethical governance within the Industry 5.0 framework.
Designed for MBA, BBA, Commerce, and Management students, this book bridges theory and practice through real-world case studies, contemporary examples, policy insights, and strategic frameworks. It also discusses the evolving role of managers, entrepreneurs, and policymakers in building responsible, technology-driven, and inclusive business ecosystems.
Key Highlights:
Conceptual foundations of Business Environment
Transition from Industry 4.0 to Industry 5.0
Human-centric and sustainable business models
Impact of AI and digital transformation on industries
Globalization, geopolitics, and regulatory challenges
Environmental, Social, and Governance (ESG) practices
Indian and global business environment perspectives
Contemporary case studies and discussion questions
This book serves as a vital academic resource for understanding how businesses can thrive in an era that balances technological advancement with human values and sustainable growth.
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