The process of organizing, planning, leading and controlling resources within an entity with the overall aim of achieving its objectives. The organizational management of a business needs to be able to make decisions and resolve issues in order to be both effective and beneficial. 
Business organisation is nothing but carrying out various economic activities with the help of persons who come together to achieve a common objective. The main purpose of the business organisation is to earn profit..

Course outline

Chapter 1. Business Organizations: Different types of business; advantages and disadvantages; Business organizations and their goals.

Chapter 2: Creating and managing  a business:

2.1. Being an entrepreneur/practicing entrepreneurship;

2.2; Business idea and business opportunities;

2.3; Macro and micro screening of business idea;

2.4. Business planning;

2.5. Financing a business plan

2.5.1. Resource mobilization;

2.5.2.Financial goal and financial planning

Chapter 3. Managing organisations: Basic Concepts of Management: Definitions, Need and Scope, Different schools of management thought – Behavioral, Scientific, Systems and Contingency; Different perspectives of management theory.

Chapter 4. Contribution of Management Thinkers: Taylor, Fayol, Peter Drucker and C.K. Prahlad…

Chapter 5. Functions of Management: Different functional areas of business and their inter-relationships, Functions of Manager.

5.1. Planning: Essentials of Planning and Managing by Objectives; Strategies, Policies and Planning Premises; Decision making.

5.2. Organizing: Nature of organizing, Entrepreneuring and Re-engineering; Organizational Structures, Departmentation; Line/staff authority, Empowerment and decentralization; Effective organization and organizational culture;

5.3. Staffing: Human resource Management, Selection, Training and Development; Performance Appraisal and Career Planning Strategy; Managing change through Managers and Organization Development.

5.4. Leading: Human Factor and Motivation; Leadership: Committees, Terms and Group Decision making; Communication.

5.5. Controlling: The system and process of controlling; Control Techniques and Information Technology; Productivity, Operations Management; Total Quality Management.