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SYLLABUS

UNIT - I

INTRODUCTION AND FORMS OF BUSINESS ORGANISATIONS

Concepts of Business, Trade, Industry and Commerce - Objectives and Functions of Business – Social Responsibility of a Business - Forms of Business Organization - Meaning, Characteristics, Advantages and Disadvantages of Sole Proprietorship –Meaning, Characteristics, Advantages and Disadvantages of Partnership -Kinds of Partners - Partnership Deed -Concept of Limited Liability Partnership – Meaning, Characteristics, Advantages and Disadvantages of Hindu Undivided Family – Meaning, Advantages and Disadvantages of Co-Operative Organization.

UNIT - II

JOINT STOCK COMPANY

Joint Stock Company - Meaning - Definition - Characteristics - Advantages and Disadvantages- Kinds of Companies -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 - III

INTRODUCTION TO FUNCTIONS OF MANAGEMENT

Management - Meaning - Characteristics - Functions of Management - Levels of Management – Skills of Management- Scientific Management - Meaning - Definition - Objectives - Criticism – Fayol’s 14 Principles of Management.

UNIT - IV

PLANNING AND ORGANISING

Meaning - Definition - Characteristics - Types of Plans - Advantages and Disadvantages– Approaches to Planning - Management by Objectives (MBO) - Steps in MBO - Benefits– Weaknesses – Definition of Organizing-Organization-Process of Organizing - Principles of Organization - Formal and Informal Organizations - Line, Staff Organizations - Line and Staff Conflicts - Functional Organization - Span of Management - Meaning - Determining Span - Factors Influencing the Span of Supervision.

UNIT - V

AUTHORITY, COORDINATION AND CONTROL

Meaning of Authority, Power, Responsibility and Accountability - Delegation of Authority - Decentralization of Authority - Definition, Importance, Process, and Principles of Coordination

Techniques of Effective Coordination - Control - Meaning - Definition – Relationship between Planning and Control-Steps in Control – Types (Post, Current and Pre-Control) - Requirements for Effective Control.