Business Organization and Management
Subject Overview
Business Organization and Management introduces how businesses are structured and run — the foundation paper for the entire B.Com program. You'll study the different legal forms a business can take (sole proprietorship, partnership, joint stock company), how management thinking evolved from scientific management to modern systems approaches, and the four core management functions: planning, organizing, staffing, and controlling. A significant portion covers decision-making processes, motivation theories (Maslow, Herzberg, Vroom), and the difference between authority, responsibility, and accountability — concepts that show up again and again in later HR and management papers. This is a 6-credit core paper across 4 units, and understanding it well makes several second and third-year subjects noticeably easier.
Unit-wise Syllabus
4 units — click WhatsApp below to get the full notes for each
Unit 1: Management fundamentals & organizational forms
Meaning, functions of management, managerial roles and skills, forms of organization, evolution of management thought
Unit 2: Planning, decision-making & CSR
Nature and types of plans, business forecasting, MBO, decision-making process, social responsibility, business ethics
Unit 3: Organizing structures & authority
Organizing concepts, organization structure, departmentalization, authority, delegation, decentralization, coordination
Unit 4: Staffing, motivation & control
Recruitment and selection, motivation theories (Maslow, Herzberg, Vroom), function and process of control, span of control