Unit I: Business Management and Managerial Economics

About Course

Note: This module is currently a Work in Progress.

Topics Covered:

Management: Concept, Process, Theories, and Approaches, Management Roles and Skills
Functions: Planning, Organizing, Staffing, Coordinating, and Controlling
Communication: Types, Process, and Barriers
Decision Making: Concept, Process, Techniques, and Tools
Organisation Structure and Design: Types, Authority, Responsibility, Centralisation, Decentralisation, and Span of Control
Managerial Economics: Concept & Importance
Demand analysis: Utility Analysis, Indifference Curve, Elasticity & Forecasting
Market Structures: Market Classification & Price Determination
National Income: Concept, Types, and Measurement
Inflation: Concept, Types, and Measurement
Business Ethics & CSR
Ethical Issues & Dilemma
Corporate Governance
Value-Based Organisation

Course Content

Management Foundations
Management: Concept, Process, Theories, and Approaches, Management Roles and Skills

–Case Study: Scientific Management
–Approaches and Theories of Management
–Scientific Management
–Administrative Management Part 1
–Administrative Management Part 2
–Bureaucratic Management

Management Functions
Functions: Planning, Organizing, Staffing, Coordinating, and Controlling

Communication
Communication: Types, Process, and Barriers

Decision Making
Decision Making: Concept, Process, Techniques, and Tools

Organisation Structure and Design
Organisation Structure and Design: Types, Authority, Responsibility, Centralisation, Decentralisation, and Span of Control

Managerial Economics Foundations
Managerial Economics: Concept and Importance

Demand analysis
Demand analysis: Utility Analysis, Indifference Curve, Elasticity and Forecasting

Market Structures
Market Structures: Market Classification and Price Determination

National Income
National Income: Concept, Types, and Measurement

Inflation
Inflation: Concept, Types, and Measurement

Business Ethics & CSR
Business Ethics CSR: Ethical Issues Dilemma

Corporate Governance
Corporate Governance

Unit I : Evaluation
Unit I : Evaluation

Student Ratings & Reviews

No Review Yet

About Course

Course Content

Management Foundations Management: Concept, Process, Theories, and Approaches, Management Roles and Skills

–Case Study: Scientific Management

–Approaches and Theories of Management

–Scientific Management

–Administrative Management Part 1

–Administrative Management Part 2

–Bureaucratic Management

Management Functions Functions: Planning, Organizing, Staffing, Coordinating, and Controlling

–Planning Process

–Types of Plans

–Forecast as Planning Premises V/s Forecast derived from plans

—Controlling Process

–FeedForward Control Measure & Feedback Control Measure

Communication Communication: Types, Process, and Barriers

–Objective of Communication in Business

—Formal Communication Channel

–Effective Written Communication

–Communication Barriers

Decision Making Decision Making: Concept, Process, Techniques, and Tools

–Decision Making: Introduction and Styles

–Decision Making Approaches

–Decision Making Biases

–Rational Decision Making

–Ethical Decision Making

Organisation Structure and Design Organisation Structure and Design: Types, Authority, Responsibility, Centralisation, Decentralisation, and Span of Control

–Organization Structure Process

–Organisational Structure Types

–Mintzberg’s organisational type : 1979 : Henry Mintzberg

–Organizational Authority : Line, Staff & Functional

— Advantages of Centralization & Decentralization

–Wide Span of Organization Control

–Flat Organization

Managerial Economics Foundations Managerial Economics: Concept and Importance

–What is Demand?

The Economic Theory of Production

–Market Equilibrium Point

Consumer Surplus

*Understanding Market Dynamics: The Bandwagon, Snob, Income, and Substitution Effects

Demand analysis Demand analysis: Utility Analysis, Indifference Curve, Elasticity and Forecasting

–Evolution of Demand Analysis

–Indifference Curve

–Elasticity

Income Elasticity Scenario

*Classification of Goods based on Income Elasticity

Classification of Goods Based on Cross Elasticity

–Demand Forecasting Steps

–Demand Forecasting Methods

Market Structures Market Structures: Market Classification and Price Determination

–Market Structures

–Profit Maximization for Monopoly

Collusion

–Non-Collusive Oligopoly Models

–Sales Maximization Model : 1959 : William J. Baumol

–Full Cost Pricing Theory : 1939 : Hall & Hitch

–Price Discrimination

National Income National Income: Concept, Types, and Measurement

–National Income

Inflation Inflation: Concept, Types, and Measurement

–Types of Inflation

–Monetary and non-monetary factors of Inflation

–Structuralist Theory of Inflation : 1950s : G. Myrdal and P. Streeten

–Phillips Curve

–Misery Index

–Sacrifice Ratio

–Okun’s Law

–Inflation Price Indices

Business Ethics & CSR Business Ethics CSR: Ethical Issues Dilemma

–Business Ethics Views

–Ethical Theories (Moral Reasoning)

–Ethical Behaviour Clusters

–Sources of Ethical Problem

–Business Ethics Case Study: Moonlighting

–Case Study: Introduction to CSR

–CSR Philosophy

Corporate Governance Corporate Governance

–Case Study: Introduction to Corporate Governance

–Core Principles of Corporate Governance

–Theories of Corporate Governance

Management Foundations
Management: Concept, Process, Theories, and Approaches, Management Roles and Skills

Management Functions
Functions: Planning, Organizing, Staffing, Coordinating, and Controlling

Communication
Communication: Types, Process, and Barriers

Decision Making
Decision Making: Concept, Process, Techniques, and Tools

Organisation Structure and Design
Organisation Structure and Design: Types, Authority, Responsibility, Centralisation, Decentralisation, and Span of Control

Managerial Economics Foundations
Managerial Economics: Concept and Importance

Demand analysis
Demand analysis: Utility Analysis, Indifference Curve, Elasticity and Forecasting

Market Structures
Market Structures: Market Classification and Price Determination

National Income
National Income: Concept, Types, and Measurement

Inflation
Inflation: Concept, Types, and Measurement

Business Ethics & CSR
Business Ethics CSR: Ethical Issues Dilemma

Corporate Governance
Corporate Governance

Unit I : Evaluation
Unit I : Evaluation