Curriculum - Business Administration

Topics to be covered Marks allocated Concept of Business Meaning of terms “Business” and Administration “Administration” Legal Framework/obligations of Forms of Business organizations Introducing Business Interest ...

Topics to be covered Marks allocated Concept of Business Meaning of terms “Business” and Administration “Administration” Legal Framework/obligations of Forms of Business organizations Introducing Business Interest Lobby organizations – e.g. Chambers of Commerce and how to use them Practice Session: In Groups, To understand the concepts and integration of Business and Administration, concept of People Management – Leadership/ Motivation needs to be brought in Place. A brief overview needs to be shared to set the base for the next module. This module should include- Concept of Human Resources (Meaning. Management, Relevance) that ultimately run the business. 8 Concept of People Management Role of Leadership Motivation Conflict Management Interpersonal Relations (Johari Window Concepts) In continuation with the last module, this module should focus on theory as well as practical implications of these principles. The pedagogy should be such that it focuses on cases, activities, simulations & role plays to understand the behavior of people at work. 8 Concept of Business Plan Innovation in form of Entrepreneurship needs to be taught Various ingredients of Business Plan Concept of performance and Profit Budget and their monitoring Tools of Budget Analysis/Corrective Action 8 Introduction to Business Vouchering Accounting Primary and secondary Books of accounts Computerized Accounts Analysing Accounts for performance Improvements PLA, Balance sheet, Debit , Credit, Primary Accounting 8 Business Correspondence Principles of Business Correspondence Forms of Common Business letters Practice in Business writing 5 Business Communication Rules of Good Business Communication Communication and Teamwork Commitment to Business organization In continuation with the module of “Workplace environment” this needs to be covered from the holistic point of view. Topics like – Motivation, Leadership and Organization Commitment to be covered in detail Another logical topic is Organization Citizenship Behavior. This is again in tune with the current demand of businesses. 8 Business and Environment Concept of Responsible Corporate Citizen Corporate Social Responsibility 5 Technology in Business How I.T. has changed Business Business and Social Networking Dangers in business through I.T. E-commerce Do’s and don’ts. And integration of other related technology aspects could be covered. 5 Integration of Different Branches of Management This Module is of extreme relevance so as to enable the students understand different branches of management that are linked with Business. Overview of Production Management Overview of Financial Management 5 Overview of Supply Chain Management Overview of IT Management Overview of Human Resources Management Overview of Marketing Management All these topics have been discussed in some point or the other in the curriculum Only a quick recap and understanding needs to be reiterated in the system so as to set the base for the next level of specialization for the students. This would also add value to the students in terms of understanding the technical nature of businesses. 1.1 BUSINESS ADMINISTRATION - CONCEPT, OBJECTIVES, IMPORTANCE CONCEPT OF BUSINESS Literally, the word “business” means the state of being busy. Generally, the term business includes all human activities concerned with earning money. In other words, business is an activity in which various persons regularly produce or exchange goods and services for mutual gain or profit. The goods and services produced or purchased for personal use are not included in “business”. DEFINITION 1.According to L. H. Haney “Business may be defined as human activities directed toward providing or acquiring wealth through buying and selling of goods.” 2.James Stephenson says that: “Every human activity which is engaged in for the sake of earning profit may be called business.” 3.In the words of B. W. Wheeler “An institution organized and operated to provide goods and services to the society, under the incentive of private gain” is business. Business administration in simple terms, is everything that encompasses a business. The administration of a business includes managing and monitoring absolutely everything to do with a business, from marketing, advertising, to the hiring and the management of staff. To explore business administration in great detail, we will explore each of your questions separately.