Business Organisation

The book has been prepared strictly according to the new syllabus for B.Com. First Semester effective from the academic session 2021-22 for Lucknow University.

Silent Features of The Business Organisation Book :

The book has been published strictly according to the Common Minimum Syllabus of B.Com. Semester I of University of Lucknow. The unique features of the book are that each & every topic of the new syallbus has been covered in the book. In the chapter of Partnership including Limited Liability Partnership the Limited Liability Partnership (Amendment) Act, 2021 (passed in August, 2021) has been included.
Also the matter of ‘One Person Company’ is amended as per the Finance Act, 2021 and Companies (Incorporation Second
Amendment Rules) 2021.

In the chapter of E-Business, latest trends of E-Business has been included in the book. 

Provisions of The Companies Act, 2013 (as amended up-to-date) have been incorporated in the chapter on Joint Stock Company.
The book has been written in simple language that ensures easy understanding.
Suggestions for improvement of the book are solicited.

Business Organisation Syllabus For B. Com. Ist Semester of Lucknow University 

Course Outcome : The students will be able to :
• Understand basics about a business organization and its various forms.
• Understand the social responsibility of business towards the various stakeholders.
• Get knowledge about computation and fixation of remuneration of labour and incentive plans.
• Gain insight about features of stock exchanges and commodity exchanges and their working as well as regulation.
• Gain knowledge of the new patterns of business operations and organizations i.e., E-business, LLP, OPC.
• Understand the various elements and principles of organization.
Unit I : Nature and Scope of business, Social Responsibility of Business, Size of business units, E-business, Business Environment, Government and Business.
Unit II : Forms of business organizations and comparative study : Sole Proprietorship, Partnership, Joint stock company, co-operative organisation, Limited Liability Partnership, One Person company.
Unit III : Business combination and its types, Rationalisation and Automation, Methods
of Remunerating Labour, Stock Market, Commodity Market.
Unit IV : Organization process : Importance, Principles, Types of organization structure, Centralisation and Decentralisation, Committees, Departmentation; Delegation of authority.

Business Organisation Book Contents

1. Nature and Scope of Business
2. Social Responsibility of Business
3. Size of Business Units
4. E-Business
5. Business Environment
6. Government and Business
7. Forms of Business Oranisation and Sole Proprietorship
8. Partnership (Including Limited Liability Partnership)
9. Joint Stock Company and One Person Company
10. Co-Operative Organisation
11. Business Combination
12. Rationalisation and Automation
13. Methods of Remunerating Labour
14. Stock Market
15. Commodity Market
16. Organization (Concept, Nature, Process and Significance)
17. Organization Structure (Including Committees)
18. Centralization and Decentralization
19. Departmentation
20. Delegation of Authority