Business Organisation and Management

In preparation of this book we have been inspired by many people, writers, teachers and managers most of them unnamed. Authors offer their sincere thanks for the valuable suggestion which have been adopted at appropriate places.
As amended by the Companies (Amendment) Act, 2020 and Rules framed thereunder.

Provisions of the Companies Act, 2013 have been incorporated in the chapter on Joint Stock Company and One Person Company.
Limited Liability Partnership (Amendment) Act, 2021 as passed by both the Houses of Paliament in August, 2021 has been incorporated in the book.
The book has been written in simple language that ensures easy understanding.
Suggestions for improvement of the book are solicited.

Business Organisation and Management Syllabus For B.Com. Ist Semester of Various Universites of Uttarkhand & Patna

• Unit I : Introduction : Business Concept and Objects, Social Responsibility of Business Establishment of New Business Meaning, Objectives Meaning, Objectives and Principles of Organisation, Size of Business Unit, Factors determining Size, Measurement of Size, Concept of Optimum size.
• Unit II : Forms of Business Organisation : Sole Tradership, Partnership Firm, Business (Public and Private), Formation and Choice of Business Organization, Definition of Management, Its nature of purpose, Fayol’s Principles and Elements of Management, Recent Developments of Management Thought.
• Unit III : Planning and Organising : Its nature and purpose, types of plans, Planning steps and process, Management by objectives (MBO), Decision-Making, Forecasting, Organisational Design and Organisational Structure, Power and Distribution of Authority.
• Unit IV : Motivation, Leadership and Direction : Maslow’s Need Hierarchy Theory, Herzberg’s Two Factor Theory, Job Enlargement, Special Motivation Techniques, Definition and Approaches to Leadership, The Principal Tasks of Leadership Role and Principles of Direction.
• Unit V : Controlling : Meaning, definition and techniques of control, Principle of Controlling, Process of Control and Types of Controls, Human Aspect of Controls.
• Unit VI : Plant Location : Concept, Meaning, Importance, Factors Affecting Plant Location. Alfred Weber’s and Sargent Florence’s Theories of Location. Plant Layout—Meaning, Objectives, Importance, Types and Principles of Layout. Factors Affecting Layout.
• Unit VII : Business Combination : Meaning, Characteristics, Objectives, Causes, Forms and Kinds of Business Combination.
• Unit VIII : Rationalization: Meaning, Characteristics, Objectives, Principles, Merits and demerits, Difference between Rationalisation and Nationalisation.

Contents :

1. Business : Concept, Meaning And Features
2. Promotion Of Business (Considerations In Establishing New Business)
3. Qualities Of A Successful Businessman
4. Forms Of Business Organisation And Sole Proprietorship
5. Partnership (Including Limited Liability Partnership)
6. Joint Stock Company And One Person Company
7. Co-Operative Organisation
8. Plant Location
9. Plant Layout
10. Size Of Business Unit
11. Business Combination
12. Rationalisation
13. Social Responsibility Of Business
14. Organization (Principles Of Organization)
15. Management (Concept, Characteristics, Nature, Process And Significance)
16. Development Of Management Thought (Classical And Neo-Classical System; Contingency Approach, System Approach)
17. Planning
18. Types Of Plans
19. Planning Process
20. Management By Objectives
21. Decision-Making
22. Forecasting
23. Organization Design And Structure
24. Authority (Power And Distribution)
25. Motivation
26. Leadership
27. Direction (Concept And Techniques)
28. Controlling
29. Functions Of Management