Business Management

The book has been prepared strictly according to the new syllabus for B.Com. Semester I and II effective from academic session 2022-23 for Vinoba Bhave University, Hazaribagh.

Business Management Syllabus For B.Com. Ist & IInd Semester of Vinoba Bhave University, Hazaribag

Unit 1: Concept and Forms of Business Organisations

• 1.1 Concepts of Business, Trade, Industry and Commerce-Objectives and functions of Business.
• 1.2 Social Responsibility of a business, Responsible Business, Ethical Conduct & Human Values, code of business ethics.
• 1.3 Forms of Business Organisation-Meaning, Characteristics and types.
• 1.4 Sole Proprietorship-Advantages and Disadvantages of Sole Proprietorship.
• 1.5 Partnership-Meaning, Characteristics, Advantages and Disadvantages of Partnership-Kinds of Partners – Partnership Deed.
• 1.6 Hindu Undivided Family Business-Advantages and Disadvantages.
• 1.7 Co-operative Organisation-Meaning, Advantages and Disadvantages.

Unit 2: Joint Stock Company

• 2.1 Joint Stock Company-Meaning, Definition, Characteristics – Advantages and Disadvantages.
• 2.2 Kinds of Companies.
• 2.3 Promotion-Stages of Promotion-Promoter-Characteristics-Kinds-Preparation of Important Documents-Memorandum of Association-Clauses-Articles of Association- Contents–Prospectus-Contents–Red herring Prospectus Statement In lieu of Prospectus (as per Companies Act, 2013).

Unit 3: Principles and Functions of Management

• 3.1 Management-Meaning and Characteristics.
• 3.2 Fayol’s 14 Principles of Management.
• 3.3 Functions of Management.
• 3.4 Levels of Management–Skills of Management.
• 3.5 Scientific Management-meaning, objectives, relevance and criticism.

Unit 4: Functions of Management: Planning and Organizing

• 4.1 Planning-Meaning, Characteristics, Types of Plans, Advantages and Disadvantages–Approaches to Planning-Management by Objectives (MBO)-Steps in MBO-Benefits–Weaknesses.
• 4.2 Organizing-Process of Organizing; Principles of Organisation – Formal and Informal Organisations–Line, Staff Organisations, Line and Staff Conflicts. Functional Organisation.
• 4.3 Span of Management-Meaning – Determining Span – Factors influencing the Span of Supervision.

Unit 5: Functions of Management: Authority, Coordination, and Control

• 5.1 Meaning of Authority, Power, responsibility and accountability – Delegation of Authority-Decentralization of Authority.
• 5.2 Definition, importance, process, and principles of Coordination techniques of Effective Coordination. Control-Meaning, Relationship between planning and control, Steps in Control–Types (post, current, and pre-control). Requirements for effective control.

Unit 6: Functions of Management: Communication, Motivation and Leadership

• 6.1 Communication-purpose, process, formal and informal communication, barriers to effective communication and overcoming these barriers.
• 6.2 Motivation-Meaning, importance, major motivation theories- Maslow’s need hierarchy theory, Herzberg’s two-factors theory, Vroom’s Expectation Theory, extrinsic and intrinsic motivation.
• 6.3 Leadership-meaning, theories, essential qualities, global leadership attributes, practicing leadership.

Business Management Book Contents :

1. Management Practices In Indian ‘Vedas’
2. Management (Concept, Characteristics, Nature, Process and Significance)
3. Managerial Roles (Mintzberg)
4. Functional Areas of Management
5. Development of Management Thought (Classical And Neo Classical System; Contingency Approach, System Approach)
6. Planning
7. Planning Process
8. Types of Plans
9. Decision-Making
10. Management By Objectives
11. Organisation and Departmentation
12. Authority and Responsibility Relationships
13. Centralisation and Decentralisation
14. Organization Structure : Forms
15. Direction: Concept and Techniques
16. Co-Ordination as An Essence of Management
17. Communication (Nature, Process and Networks)
18. Barriers To Communication
19. Effective Communication
20. Management of Change (Process For Planned Change)
21. Recruitment and Selection
22. Controlling
23. Motivation
24. Leadership
25. Leadership Theories
26. Delegation Of Authority
27. Business : Concept, Meaning And Features
28. Promotion Of Business (Considerations In Establishing New Business)
29. Forms Of Business Organisation And Sole Proprietorship
30. Partnership (Including Limited Liability Partnership)
31. Joint Stock Company And One Person Company
32. Co-Operative Organisation
33. Social Responsibility Of Business