Introduction to Business: Business activities and objectivesBusiness is an economic activity involved in buying and selling of goods and services with a profit making objective. Business plays important role for the development of the economy. Small Scale and Medium Scale Industries are integral part of any economy.
Opportunity and Problems
Business Opportunities
Challenges to Business
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Introduction to Business: Small Scale and Medium Enterprises
Small Scale Industries
Video Recording00:00
Small Scale Industries
Challenges of SSI
Introduction of Business: Franchising and outsourcing
Quadrant 4: Franchising
Assignments
Outsourcing Discussion00:00
Introduction to Business: Multinational Companies
Quadrant 4: Multinational Companies
Assignments
Discussion00:00
Business enterprises: Types of business organizations
Business Enterprise: Types of business Organization
Quadrant 4 : Types of Organization
Assignments
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Business Enterprises: Setting up a business enterpriseFor starting any business enterprise it is important to understand the market and consumer behavior. One also have to do SWOT analysis and have to identify the future prospects of achieving break-even analysis.
The finance and venture capital structure, mission, vision and company structure needs to be drafted.
Strategic and long term planning relating to human resource, finance and marketing related strategies needs to be formulated.
For all such practices it is important to do proper homework and prepare business plan before implementing any business ideas in practice.
This section focuses on how to prepare for business plan and what steps are involved.
Quadrant 4: Business Enterprise
Assignments
ManagementManagement is the life line for running any organization. Management is the process of managing all the processes and functions of the organization in an effective and efficient manner. Management also defines the managerial roles in an organization and departmentation is one of the important aspect of management.
This section focusses on introduction of management, managerial roles and departmentation.
Foundation of Management – Managerial Roles
Foundations of Management – DepartmentationDepartmentation is the process of dividing the similar activities in groups.
Departmentation
Types of Departmentation
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Functions of Management : Planning Management involves the following functions:
1.Planning
2. Organizing
3.Staffing
4. Directing
5. Coordinating
6. Controlling
Functions of Management : StaffingStaffing is recruiting the correct person at the correct place and on the correct time. Wrong selection would always leads to dissatisfaction in the employee as well as the employer.
Functions of Management : DirectingDirecting is the process which includes the supervision, mentoring and delegating the work to the subordinates.
Functions of Management : OrganizingOrganizing involves assigning tasks, grouping tasks into departments, delegating authority, and allocating resources across the organization. During the organizing process, managers coordinate employees, resources, policies, and procedures to facilitate the goals identified in the plan.
Organizing and its nature
Organizing importance and charts
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Leadership, Coordination and MotivationLeadership, coordination and Motivation plays important role deciding upon the growth of an organization and employee retainment. Leaders play role in influencing in creating a working environment for the employees.
Leadership00:00
Assignments
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CoordinationCoordination helps in ensuring the completion of tasks without hassles in an organization.
MotivationWhen working in an organization and a given set up at times one feels lower morale and fell low, at that time its a leader who motivates the employee and overcome his/her problems.
Motivation Theories
Communication and ControllingCommunication is the process of communicating with internal and external environment of the organization.
Controlling is the process of mapping the targeted goals with the achieved goals in realty.
Communication
Process and Barriers of Communication
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Controlling
Managerial Roles – Discussion
