BUSINESS STUDIES (054)
Part A: Principles and Functions of Management
Unit 1: Nature and Significance of Management
- Management- concept, objectives and importance.
- Management as Science, Art and Profession.
- Levels of Management
- Management functions- planning, organising, staffing, directing and controlling.
- Coordination- concept and importance.
Concept includes meaning and characteristics/features.
Objectives - organizational, social and personal.
Management as art- Features of art and the existence of these features in management.
Management as science- Features of science and the existence of these features in management. Management
as profession- features of profession and the existence of these features in management.
Levels of management-Functions of management at top, middle and supervisory levels with names of job positions.
Unit 2: Principles of Management
- Principles of Management- concept and significance.
- Fayol's principles of management.
- Taylor's Scientific management- principles and techniques.
Meaning of principles of management. Nature of principles of management by stating their basic characteristics.
Significance or need of principles of management. Principles of Scientific. Management given by Taylor- Science, not rule of thumb; Harmony, not discord; Cooperation, not individualism;
Development of each and every person to his or her greatest efficiency and prosperity. Taylor's techniques of Scientific management: Functional Foremanship; Standardisation and Simplification;
Work study: Method study, Motion study, Time study, Fatigue study. Differential piece wage system.
Basis of his thought Mental Revolution.
Unit 3: Management and Business Environment
- Business Environment- concept and importance.
- Dimensions of Business Environment- Economic, Social, Technological, Political and Legal.
- Impact of Government policy changes on business with special reference to liberalization, privatization and globalization in India.
Dimensions of Business Environment- meaning and components only.
Unit 4: Planning
- Concept, importance and limitations.
- Planning process
- Single use and standing plans. Objectives, Strategy, Policy, Procedure, Method, Rule, Budget and Programme.
Limitations- internal and external. Meaning of single use and standing plans.
Unit 5: Organising
- Concept and importance. Organising Process
- Structure of organisation- functional and divisional- concept. Formal and informal organisationconcept.
- Delegation: concept, elements and importance.
- Decentralization: concept and importance.
Structure of organisation- functional and divisional- merits and limitations.
Formal and informal - merits and limitations.
Unit 6: Staffing
- Concept and importance of staffing.
- Staffing as a part of Human Resource Management- concept.
- Staffing process
- Recruitment- sources
- Selection -process
Training and Development- Concept and importance. Methods of training- on the job and off the job- Induction training, vestibule training, apprenticeship training and internship training.
Recruitment Sources- Internal-promotion, transfer; External -Direct recruitment, Casual callers, Advertisements-(newspapers, journals, television), Employment Exchange, Placement Agencies and Management Consultants, Campus Recruitment, Web Publishing, Labour Contractors, Recommendations of employees .
Methods of on-the-job training and off-the job training-meaning.
Please refer to attached file for CBSE Class 12 Business Studies Syllabus 2014-2015