We have great pleasure in presenting First edition “Business Organization and Management” written for students of UG courses. The related matters are written in a simple and easily understandable.
This volume is an attempt to provide the students with thorough understanding of Business Organization and Management. We have presented the subject matter in a systematic manner with liberal use of charts and diagrams where ever necessary so as to make it interesting and sustain students’ interest.
Contents –
Unit – 1 Introduction
Introduction
Concepts of Business
Trade
Industry
Commerce
Objectives of Business
Functions of Business
Social Responsibility of a Business
Forms of Business Organization
Meaning of Sole Proprietorship
Characteristics of Sole Proprietorship
Advantages of Sole Proprietorship
Disadvantages of Sole Proprietorship
Meaning of Partnership
Characteristics of Partnership
Advantages of Partnership
Disadvantages of Partnership
Kinds of Partners
Partnership Deed
Concept of Limited Liability Partnership
Meaning of Limited Liability Partnership
Characteristics of Limited Liability Partnership
Advantages of Limited Liability Partnership
Disadvantages of Limited Liability Partnership
Hindu Undivided Family
Meaning of Hindu Undivided Family
Advantages of Hindu Undivided Family
Disadvantages of Hindu Undivided Family
Co-Operative Organization
Meaning of Co-Operative Organization
Advantages of Co-Operative Organization
Disadvantages of Co-Operative Organization
One Person Company
Meaning of One Person Company
Advantages of One Person Company
Disadvantages of One Person Company
Review Questions
Unit – 2 Joint Stock Company
Introduction
Joint Stock Company
Meaning of Joint Stock Company
Definition of Joint Stock Company
Characteristics of Joint Stock Company
Advantages of Joint Stock Company
Disadvantages of Joint Stock Company
Kinds of Companies
Promotion
Stages of Promotion
Promoter
Characteristic of Promoter
Kinds of Promoter
Preparation of Important Documents
Memorandum of Association
Clauses of Memorandum of Association
Articles of Association
Contents of Articles of Association
Prospectus
Contents of Prospectus
Red herring Prospectus
Statement in lieu of Prospectus (As per Companies Act-2013)
Review Questions
Unit – 3 Functions of Management
Introduction
Meaning of Management
Characteristics of Management
Functions of Management
Levels of Management
Organization Structure
Types of Organization Structure
Skills of Management
Scientific Management
Meaning of Scientific Management
Definition of Scientific Management
Objectives of Scientific Management
Criticism of Scientific Management
Fayol’s Principles of Management
Review Questions
Unit – 4 Planning and Organising
Introduction
Meaning of Planning
Definition of Planning
Characteristics of Planning
Types of Plans
Advantages of Planning
Disadvantages of Planning
Approaches to Planning
Management by Objectives (MBO)
Steps in MBO
Benefits of MBO
Weaknesses of MBO
Definition of Organizing
Definition of Organization
Process of Organizing
Principles of Organization
Formal Organizations
Informal Organizations
Line Organizations
Staff Organizations
Line and Staff Conflicts
Functional Organization
Span of Control
Meaning of Control
Determining Span
Factors Influencing the Span of Control
Review Questions
Unit – 5 Authority, Coordination and Control
Introduction
Meaning of Authority
Power
Responsibility
Accountability
Delegation of Authority
Decentralization of Authority
Definition of Coordination
Importance of Coordination
Process of Coordination
Principles of Coordination
Techniques of Effective Coordination
Control
Meaning of Control
Definition of Control
Relationship between Planning and Control
Steps in Control
Requirements for Effective Control
Review Questions