Unit1
Unit 1: (Session 08 Hours)
Meaning and definition of business essentials & scope of business, Classification of Business Activities, Meaning, Definition, Characteristics and
Syllabus
5 unitsUnit2
Unit 2: (Session 08 Hours)
Business Unit, Establishing a new business unit. Meaning of Promotion. Features for business,
Unit3
Unit 3: (Session 08 Hours)
Organization process — Importance, principles. Various aspects of organization, organization structure, Departmentation, Line and Staff Relationships, Span of control, Delegation of authority,Decentralization
Unit4
Unit 4: (Session 08 Hours)
Business Combination Meaning Causes, Objectives, Types and Forms Mergers, Takeovers and Acquisitions.
Unit5
Unit 5: (Session 08 Hours)
Business Finance: Financial need of Business methods & Sources of finance. Security Market, Money Market, Study of Stock Exchange & SEBI.
Course Objectives
- To define, describe, and classify the scope, nature, and evolution of business and business organizations, distinguishing between business, trade, and profession.
- To identify, explain, and analyze the steps involved in establishing a business unit, including promotion, plant location, layout, and determining optimal business size.
- To interpret, evaluate, and compare various organizational structures and processes, such as departmentation, span of control, line and staff functions, delegation, and decentralization.
- To describe, justify, and illustrate the causes and types of business combinations, including mergers, takeovers, and acquisitions, and their impact on market competition.
- To explain, compute, and relate financial needs of business units and analyze different sources and methods of business finance, including the structure and functions of money and capital markets.
- of Business Organization, Evolution of Business Organization. Model Business, Business & Profession
Course Outcomes (COs)
After completion of the course student will be able to:
- CO1Understand the meaning, definition, and scope of business; explain the classification of business activities and characteristics and objectives of business organizations; trace the evolution of business and distinguish between business and profession.K1, K2 (Remembering, Understanding)
- CO2Describe the process of establishing a new business unit, including the concept of promotion, and analyze factors affecting plant location, plant layout, and size of business units.K2, K3, K4 (Understanding, Applying, Analyzing)
- CO3Understand the organization process and principles; evaluate organizational structures, departmentation, line and staff relationships, span of control, delegation, and decentralization.K2, K4, K5 (Understanding, Analyzing, Evaluating)
- CO4Explain the concept, causes, objectives, and forms of business combinations such as mergers, takeovers, and acquisitions.K1, K2, K3 (Remembering, Understanding, Applying)
- CO5Analyze the financial needs of business and identify methods and sources of finance; understand the role of security and money markets and study the functioning of stock exchange and SEBI.K2, K4, K5 (Understanding, Analyzing, Evaluating)
References
- Stoner, Freeman and Gilbert Jr (2003); Management, Prentice Hall of India, New Delhi,
- Gupta, C.B. (2003); Management Concepts and Practices, Sultan Chand and Sons, New Delhi,
- Robbins, S. (2017). Management, Pearson Education, New Delhi; (13th ed.).
- Wren, D. A. & Bedeian, A. G. 2009. The evolution of management thought. (6th ed.), ‘New York: Wiley
Official AKTU syllabus
This subject is on page 28, 29 of the original AKTU PDF.