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Title      : BCO - 11 Business Organization and Management
Subject      : Business Organisation and Management
copyright © 2018   : Karnataka State Open University
Author      : KSOU
Publisher      : Karnataka State Open University
Chapters/Pages      : 24/279
Total Price      : Rs.      : 206
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Fundametals of Business Organization Total views (1381)  
Our day-to-day activities can be grouped under two broad categories viz, 1. Economic and 2. non-economic. The economic activities are basically connected with the production of wealth, where as non-economic activities actually cover the rest of the work we under take. Thus in the case of economic activity, we always make an attempt to produce wealth. Business is a typical economic activity that i ......
Pages: 12
Price: Rs 0   
Forms of Business Organisation, Sole Proprietorship Total views (1325)  
An organization is "the combination of the necessary human beings, materials, tools, equipments, working space, and appurtenances brought together in systmatic and effective correlation to accomplish some desired object". The objectives of business elaborated in the previous unit (Unit - I) cannot be realised unless there is a sound frame work of organisation for each business undertaking. Success ......
Pages: 8
Price: Rs 6   
Partnership Firms Total views (1380)  
The sole trading concern, with all its limitations, proved unequal to the requirements of expanding business. Expansion of business called for more capital, enhanced the risk and required more managerial ability which we cannot expect from an individual. A wealthy man may lack managerial capacity, and an able manger might not have enough to finance a big concern. This made some kind of an associat ......
Pages: 11
Price: Rs 8.25   
Joint Stock Companies Total views (1375)  
After the advent of industrial revolution, new forms of business organisation took place. The employment of heavy and expensive machinery and large scale production necessitated the investment of huge capital which could not be provided by the sole proprietary or partnership concerns. The later suffered from various drawbacks such as unlimited liability, limited resources and absence of continuit ......
Pages: 12
Price: Rs 9   
Public Utilities Total views (508)  
Public utilities are special type of business organisations which are formed with the main aim of making proper arrangements for an efficient, regular and sufficient supply of such goods and services which are considered absolutely indispensable for a civilized community. Public utilities are engaged in the supply of some essential products and services such as gas, water, electricity, urban passe ......
Pages: 8
Price: Rs 6   
Business Combinations Total views (508)  
A business combination is an assembly of two or more groups of firms or concerns. When ever two or more business firms are engaged in the same or different lines of business, unite for mutual benefit, they are said to have formed a business combination. By combining together, the units adopt common policies in production, management, finance and marketing for their mutual benefit.
Pages: 6
Price: Rs 4.5   
Benefits and Evils of Business Combinations Total views (518)  
When small scale business was the rule, the individual proprietorship was dominant. As the needs for larger capital funds increased with the expansion of organised business, partnership became more popular. Then the industrial revolution ushered in the need for large scale production. The modern joint stock company came into being to meet the needs of large scale organisation and to avoid the draw ......
Pages: 9
Price: Rs 6.75   
Forms of Business Combinations Total views (505)  
Classification of combinations from the stand point of their form of ownership is called different forms of combinations. The different forms of combination can be considered as secondary or derivative forms of business combinations because two or more business units established originally under different primary forms will have to come together to form a combination.
Pages: 9
Price: Rs 6.75   
Management- Introduction Total views (489)  
The term 'management', thus, is used as a noun; a process; and a discipline. When used as a noun, it refers to the group of people who get things done through others in a business firm. When used as a process it refers to various activities involved in managing a business like planning, organizing, staffing, communicating, directing, coordinating and controlling. When it is used as a discipline i ......
Pages: 10
Price: Rs 7.5   
Functions of Management Total views (487)  
management includes all those activities like planning, organizing, staffing, directing, motivating, coordinating and controlling. This perspective of management brings out the various functions of management. Thus, management is not a single activity. It is a continuous process. We have also seen that all these functions cannot be performed by a single individual and hence there is a need for gr ......
Pages: 10
Price: Rs 7.5   
Contribution of Select Management Thinkers Total views (488)  
The concept of management as said earlier is not new. It was in existence in the past in different forms. But the conceptualization of the same took place only since the Twentieth century. Management thinkers are in general, are the practitioners of management. It is based upon their work experience as well as the series of studies conducted by them they brought out their management thoughts. The ......
Pages: 12
Price: Rs 9   
Contribution of Modern Management Thinkers Total views (489)  
The increase in the number of business firms and their complexities led to changes in approach to managing the business firms. When information became available in abundance, the management of the same also necessitated the need for employing 'knowledge workers' by business firms. This called for a different approach to management. The number of multi-national and transnational organizations has i ......
Pages: 10
Price: Rs 7.5   
Planning Total views (488)  
Planning is the first and foremost function of management and has great significance. Change is the rule of present day business. A manager is supposed to operate in a dynamic economy where there is no scope for complacency planning is a tool in the hands of a manager who wants to face problems created by change. Successful managers deal with foreseen problems and unsuccessful manager's struggle w ......
Pages: 13
Price: Rs 9.75   
Types of Plans Total views (488)  
Plan is a decision in advance, what to do, when to do, how to do and who will do a particular task. Planning means it is a process which involves the conscious determination of future course of action in order to achieve the desired results. Plan is an intellectual exercise and conscious determination of course of action. Therefore, it requires a serious thought on numerous factors necessary to be ......
Pages: 12
Price: Rs 9   
Business Forecasting Total views (489)  
Business forecasting plays a pivotal role in the operations of modern management. It is an important and necessary aid to planning and planning is the backbone of effective operations. Many organizations have failed because of lack of forecasting or faulty forecasting in which the planning was based. It involves analysis of economics, political, Socio-cultural situation and helps in reducing ris ......
Pages: 7
Price: Rs 5.25   
Organizing Total views (489)  
Organizing means 'to organise'. 'Organizing' is the function of gathering resources establishing orderly uses for such resources and structuring tasks to fulfill organizational plans. Organization structure which results from the organizing process is the basic framework within which the decision-making behavior of an executive takes place. It is an established pattern of relationships among the c ......
Pages: 10
Price: Rs 7.5   
Staffing Total views (472)  
Staffing is a continuous process because existing employees leave the organization and new employees may join, there fore the organization has to recruit the needed work force for all levels of the organization. Staffing involves manning the organization structure through proper and effective selection, appraisal and development of the personnel's to fill the roles assigned to the employers/ workf ......
Pages: 46
Price: Rs 34.5   
Direction Total views (488)  
Directing is the process of telling people what to do. Directing is giving instructions, guiding, counseling, motivating and leading the staff in an organisation in doing work to achieve Organisational goals. Directing is a key managerial function to be performed by the manager along with planning, organising, staffing and controlling. From top executive to supervisor performs the function of dire ......
Pages: 10
Price: Rs 7.5   
Communication Total views (474)  
The term communication is derived from the Latin word "Communis" which means to common. Communication is an exchange of facts, ideas, opinions or emotions to create mutual understanding. Communication is the sum total of directly or indirectly, consciously, transmitted words attitudes gestures actions or feelings. In simple communication is the exchange and flow of information and ideas from one ......
Pages: 10
Price: Rs 7.5   
Leadership Total views (473)  
Leadership is a process by which an executive can direct, guide and influence the behavior and work of others towards accomplishment of specific goals in a given situation. Leadership is the ability of a manager to induce the subordinates to work with confidence and zeal. Leadership is the potential to influence behaviour of others. It is also defined as the capacity to influence a group towards ......
Pages: 14
Price: Rs 10.5   
Controlling Total views (475)  
Controlling consists of verifying whether everything occurs in confirmities with the plans adopted, instructions issued and principles established. Controlling ensures that there is effective and efficient utilization of organizational resources so as to achieve the planned goals. Controlling measures the deviation of actual performance from the standard performance, discovers the causes of such d ......
Pages: 9
Price: Rs 6.75   
Controlling Process Total views (479)  
Control points out the deviations of the plans and suggests remedial action to improve future plans. Some of the procedures are to be found defective because of human limitations. So, control is very essential. Statistical process control is the use of statistical methods and procedures to determine whether production operations are being performed correctly, to detect any deviations, and to find ......
Pages: 8
Price: Rs 6   
Essentials of Effective Control System Total views (484)  
Control may be defined as the process of compelling events to conform as close to plans as possible, so that significant deviations are promptly reported, analyzed and suitable corrective actions initiated. Controlling is the process through which managers assures that works are performed as per schedule.
Pages: 6
Price: Rs 4.5   
Control Techniques- Recent Trends Total views (489)  
Various methods are used by the management for controlling the various deviations in the organization. Some of the controlling techniques which are an integral part of the system, to ensure smooth functioning are discussed in this unit. Further, lot of developments and changes have been made into the existing system, which have lead the way for recent trends in controlling techniques. Budget: The ......
Pages: 17
Price: Rs 12.75   

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