Unit Code:bus/os/bm/cr/01/6/a | Study Unit
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Unit Code:bus/Os/Bm/Cr/01/6/A

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Topics 10

Introduction to Business Management
An overview of the fundamentals of business management, including key concepts, functions,...
Organizational Structure and Design
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Strategic Planning and Management
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Leadership and Motivation
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Human Resource Management
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Marketing Management
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Financial Management
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Operations Management
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Ethical and Social Responsibility in Business
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Global Business Environment
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Unit Outline 40h

Learning Objectives

6 objectives
  • Understand the fundamental concepts and functions of business management and organizational roles.
  • Analyze different organizational structures and their impact on communication and decision-making.
  • Develop strategic planning skills including goal setting, strategy formulation, and implementation.
  • Evaluate leadership theories and motivational strategies to influence employee performance.
  • Apply principles of marketing, financial, operations, and human resource management in a business context.
  • Assess ethical considerations and global factors influencing modern business operations.

Content Outline

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1. Introduction to Business Management

  • Definition and importance of business management
  • Key concepts: management functions (planning, organizing, leading, controlling)
  • Roles within an organization: managers at different levels and functions

2. Organizational Structure and Design

  • Types of organizational structures
    • Functional
    • Divisional
    • Matrix
    • Team-based
    • Network
  • Factors influencing organizational design
  • Impact on decision-making, communication, and efficiency
  • Case studies on organizational design

3. Strategic Planning and Management

  • Definition and significance of strategic planning
  • Steps in strategic planning process
    • Environmental scanning
    • Goal setting
    • Strategy formulation
    • Strategy implementation
    • Evaluation and control
  • Tools and frameworks (SWOT, PESTLE, Porter’s Five Forces)

4. Leadership and Motivation

  • Leadership styles and theories
    • Trait theory
    • Behavioral theories
    • Contingency theories
    • Transformational and transactional leadership
  • Motivation theories
    • Maslow’s hierarchy of needs
    • Herzberg’s two-factor theory
    • McGregor’s Theory X and Theory Y
    • Equity theory and expectancy theory
  • Practical application of leadership and motivation in organizations

5. Human Resource Management

  • HR functions overview
  • Recruitment and selection processes
  • Training and development
  • Performance management and appraisal
  • Employee relations and labor laws
  • Role of HR in organizational effectiveness

6. Marketing Management

  • Principles of marketing
  • Market research and analysis
  • Product life cycle and product development
  • Pricing strategies and considerations
  • Promotion and advertising methods
  • Distribution channels and supply chain in marketing

7. Financial Management

  • Overview of financial statements
    • Balance sheet
    • Income statement
    • Cash flow statement
  • Budgeting and financial planning
  • Capital investment decisions
  • Risk management in finance
  • Financial performance evaluation metrics

8. Operations Management

  • Production process and types of production
  • Quality management principles and tools (TQM, Six Sigma)
  • Supply chain management fundamentals
  • Inventory control techniques
  • Process optimization and lean management

9. Ethical and Social Responsibility in Business

  • Understanding business ethics
  • Common ethical dilemmas in business
  • Corporate social responsibility (CSR) initiatives
  • Sustainability practices in business
  • Impact of ethics on reputation and success

10. Global Business Environment

  • Impact of globalization on business
  • International trade theories and practices
  • Cultural diversity and intercultural communication
  • Political and legal factors affecting international business
  • Economic trends and their influence on global strategies
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