Traditionally, managers have concentrated on co-ordinating the internal activities of their business: the modern manager needs to be active at all the interfaces between the business and the surrounding society. Managers who succeed are those who are able to appreciate and co-ordinate the work of many different specialists inside and outside the organization. Opening with a thorough introduction to the way business functions within a capitalist economy, this book goes on to cover the basic business institutions, company law, tax laws, relations between government and the private business sector, business ethics, business and the physical environment, business and technology and people in business. The author covers topical issues from the holistic approach needed by today's manager and MBA student. The text will be for the MBA Foundation courses in Organizational Behaviour and Business policy, as well as subsequent options on corporate governance and business strategy. Self-assessment exercises, typical exam questions and lists of key words are included.