EQUITY THEORY OF MOTIVATION/ ADAM'S EQUITY THEORY OF MOTIVATION/ THEORIE...

JOINT STOCK COMPANY: MEANING AND FEATURES

·         JOINT STOCK COMPANY

·         COMPANY LAW

·         BUSINESS ORGANIZATION AND MANAGEMENT

·         BUSINESS STUDIES PLUS ONE

·         INTRODUCTION

1.      JOINT STOCK COMPANY WAS STARTED FIRST ITALY IN 13 TH CENTURY

2.       DURING 17 TH AND 18 TH CENTURIES,JOINT STOCK COMPANIES WERE FORMED IN ENGLAND UNDER THE ROYAL CHARTER OR ACTS OF PARLIAMENT

3.       THE SPECULATIVE BUSINESS OF THE COMPANIES LED TO THE PASSAGE OF BUBBLES ACT OF 1720 WHEREBY PROMOTION OF COMPANIES WAS DECLARED ILLEGAL BY ENGLAND ‘S PARLIAMENT

4.       IN 1844 THE JOINT STOCK COMPANY ACT WAS PASSED IN 1844 AND LIMITED LIABILITY WAS GRANTED ONLY IN 1855

SOLE PROPRIETORSHIP IN HINDI LECTURE 1

SOLE PROPRIETORSHIP

• SOLE PROPRIETORSHIP
• BUSINESS ORGANIZATION AND MGMT( BUSINESS STUDY)
• CS /CA FOUNDATION
• BY DR. SHASHI AGGARWAL
• MEANING

1. A SOLE TRADER IS A PERSON WHO SET UP BUSINESS WITH HIS OWN RESOURCES, MANAGES THE BUSINESS HIMSELF BY EMPLOYING PERSONS FOR HIS HELP AND ALONE BEARS ALL  THE GAINS AND RISKS OF BUSINESS.
2. MUST BE A PERSON TO ENTER INTO CONTRACT. THE BUSINESS TO BE CARRIED ON SHOULD BE ALLOWED BY LAW

ROLE AND PROBLEMS OF SMALL SCALE INDUTRIES

• MICRO.SMALL AND MEDIUM ENTERPRISES
• PROJECT MANAGEMENT/ENTREPRENEURSHIP/BUSINESS ENVIRONMENT
• DR SHASHI AGAGRWAL

• MICRO,SMALL AND MEDIUM ENTERPRISES

1. AN SMALL SCALE ENTERPRISES AS PRIVATELY OWNED AND OPERATED BUSINESS UNIT THAT IS COMPOSED OF SMALL NUMBER OF EMPLOYEES AND HAS RELATIVELY LOW TURNOVER.
2. IN INDIA MSME ARE THE BACKBONE OF THE ECONOMY
3. THE MSME SECTOR CONTRIBUTES TO 45% OF INDIA’S TOTAL INDUSTRIAL EMPLOYMENT
4. 50% OF INDIA’S TOTAL EXPORTS
5. 95% OF ALL INDUSTRIAL UNITS
6. AS PER MSME .GOV.IN MORE THAN 6000 TYPES OF PRODUCTS ARE MANUFACTURED IN THESE INDUSTRIES
7. THESE INDUSTRIES ARE ALSO KNOWN AS SMALL SCALE INDUSTRIES

ALDERFER'S EXISTENCE RELATEDNESS GROWTH ERG MODEL THEORIES OF MOTIVATION

REVISION OF IMPORTANT SHORT QUESTIONS OF BUSINESS ORGANIZATION AND MANAG...

REVISION OF SHORT QUESTIONS FOR BUSINESS ORGANIZATION AND MGMT

•     REVISION OF SHORT QUESTIONS FOR BUSINESS ORGANIZATION AND MGMT (BOMP)

•     WHAT IS MEANT BY SCIENTIFIC MANAGEMENT

•     THE TERM’ SCIENTIFIC MGMT’CONTAINS TWO WORDS SCIENTIFIC AND MGMT’.

•     MGMT MEANS GETTING THINGS DONE THROUGH OTHERS AND SCIENTIFIC MEANS SYSTEMATIC, ANALYTICAL AND OBJECTIVE APPROACH. SO MGMT. BASED ON CAREFUL OBSERVATION, OBJECTIVE AND ANALYSIS IS CALLED SCIENTIFIC MGMT.

•     SCIENTIFIC MGMT. IS THE ART OF DOING THINGS IN THE BEST POSSIBLE WAY. IT IS DISCARDING OF OLD METHODS OF PRODUCTION AND BRINGING THE BEST ONE.

MASLOW'S NEED HIERARCHY THEORY OF MOTIVATION

MASLOW’S NEED HIERARCHY

• MASLOW’S NEED HIERARCHY

• MASLOW’S NEED HIERARCHY 

1. MASLOW.A FAMOUS SOCIAL SCIENTIST HAS GIVEN A FRAMEWORK THAT HELPS TO EXPLAIN THE STRENGTH OF CERTAIN NEEDS. ACCORDING TO HIM THE BEHAVIOR OF AN INDIVIDUAL AT PARTICULAR MOMENT IS USUALLY DETERMINED BY HIS STRONGEST NEED. HE DEFINED A PERSON’S EFFECTIVENESS AS A FUNCTION OF MATCHING MAN’S OPPORTUNITY WITH THE APPROPRIATE POSITION OF HIERARCHY F NEEDS

LEADERSHIP: NATURE AND FUNCTIONS OF LEADERSHIP

• LEADERSHIP
  NATURE AND FUNCTIONS
• MEANING

1. LEADERSHIP IS CONCERNED WITH INFLUENCING THE ACTIVITIES OF AN INDIVIDUAL OR A GROUP FOR THE ACHIEVEMENT OF GOAL IN GIVEN SITUATION. IT INVOLVES A PROCESS BY WHICH A MANAGER GUIDES AND INFLUENCES THE WORK OF ITS SUBORDINATES.
2. LEADERSHIP IS THE ABILITY TO BUILD CONFIDENCE AND ZEAL AMONG PEOPLE AND TO CREATE AN URGE IN THEM TO LEAD. TO BE SUCCESSFUL LEADER, A MANAGER MUST POSSESS THE QUALITIES OF FORESIGHT,DRIVE,INITIATIVE AND SELF CONFIDENCE AND PERSONAL INTEGRITY.

PRINCIPLES OR REQUIREMENT OF GOOD CONTROL SYSTEM

• PRINCIPLES OF A GOOD CONTROL SYSTEM
                                               
  PRINCIPLES OR REQUIREMENT OF GOOD CONTROL SYSTEM

KINDS OF CONTROL

• KINDS OF CONTROL
  FUNCTIONAL MGMT
  MGMT AND ORGANIZATION BEHAVIOR
  BOMP
• KINDS OF CONTROL

1. HISTORICAL OR FEEDBACK CONTROL
2. CONCURRENT CONTROL
3. PREDICTIVE OR FEED FORWARD CONTROL

NATURE AND PROCESS OF CONTROL

• NATURE AND PROCESS(ELEMENTS) OF CONTROL
  
  ORGANIZATION BEHAVIOR
  FUNCTIONAL MANAGEMENT
• BUSINESS ORGANIZATION AND MANAGEMENT
  
  
• MEANING OF CONTROL

1. CONTROL IS AN IMPORTANT FUNCTION OF MANAGEMENT. IT IS THE PROCESS THAT MEASURES CURRENT PERFORMANCE AND GUIDE IT TOWARDS SOME PREDETERMINED OBJECTIVES
2. IN AN ORGANIZATION CONTROL CONSISTS IN VERIFYING WHETHER EVERY THING OCCURS IN CONFORMITY WITH PLANS ADOPTED,THE INSTRUCTIONS ISSUED AND PRINCIPLES ESTABLISHED
3. THE MODERN CONCEPT OF CONTROL ENVISAGES A SYSTEM THAT NOT ONLY PROVIDES A HISTORICAL RECORD OF WHAT HAS HAPPENED TO THE BUSINESS AS A WHOLE BUT ALSO PINPOINTS THE REASONS WHY IT HAS HAPPENED AND PROVIDE THE DATA THAT ENABLES THE CHIEF EXECUTIVE HEAD OR THE DEPARTMENTAL HEAD TO TAKE CORRECTIVE ACTION.

DIFFERENCE BETWEEN MEMORANDUM OF ASSOCIATION AND ARTICLES OF ASSOCIATION

LEADERSHIP VS MANAGERSHIP,FORMAL VS INFORMAL LEADERS

PUBLIC ENTERPRISES 2 BUSINESS STUDY

DIRECTING:MEANING,NATURE,PRINCIPLES AND ELEMENTS

·         DIRECTING

BUSINESS STUDIES
MGMT PRINCIPLES
MANAGEMENT AND ORGANIZATION BEHAVIOR
CONTENTS OF THE LECTURES:

I.            THE MEANING AND NEED OR DIRECTION AND

II.             BRIEFLY EXPLAIN THE VARIOUS PRINCIPLES AND ELEMENTS OF THE DIRECTION.

III.            SIGNIFICANCE OF THE DIRECTION

IV.            VIDEO LECTURE IS ALSO AVAILABLE AT YOU TUBE SHASHI AGGARWAL

V.            MANAGEMENT STUDENTS CAN ACCESS PLAYLIST BBA SECONDE SEM MGMT AND ORGANIZATION BEHAVIOR OR MGMT AND ORGANIZATION BEHAVIOR PLAYLIST

VI.            PLUS TWO COMMERCE CAN ACCESS THEIR RELEVANT TOPICS ON DIFFERENT PLAYLIST BUSINESS STUDY,MARKETING ,FINANCIAL MGMT AND MGMT OF HRM

·         MEANING OF DIRECTING

·         BASIC MANAGEMENT FUNCTION THAT INCLUDES BUILDING AN EFFECTIVE WORK CLIMATE AND CREATING OPPORTUNITY FOR MOTIVATION, SUPERVISING, SCHEDULING AND DISCIPLINING.

·         ALSO CALLED MANAGEMENT IN ACTION. IT IS CONCERNED WITH CARRYING OUT THE DESIRED PLAN. IT IS THE HEART OF MANAGEMENT PROCESS AS IT IS CONCERNED WITH INFLUENCING, GUIDING AND SUPERVISING THE SUBORDINATES IN THEIR JOB.

KOONTZ AND O’ DONNEL,” DIRECTING IS THE INTERPERSONAL ASPECT OF MANAGING BY WHICH SUBORDINATES ARE LED TO UNDERSTAND AND CONTRIBUTE EFFECTIVELY AND EFFICIENTLY TO THE ATTAINMENT OF ENTERPRISE’S OBJECTIVES.”

BRIEF OUTLINE OF IMPORTANT TOPICS FOR PRINCIPLES OF MANAGEMENT

Ø  RE VISIONARY BRIEF LECTURES
SECTION A
 FOR PRINCIPLES OF MANAGEMENT
BUSINESS ORGANIZATION AND 

SECTION A
 FOR PRINCIPLES OF MANAGEMENT
BUSINESS ORGANIZATION AND MANAGEMENT

Ø  DIFFERENCE BETWEEN TRADE,INDUSTRY AND COMMERCE

Ø  TRADE:-IT IS RELATED TO THE PURCHASE  AND SALES OF GOODS.

Ø  COMMERCE:-IT IS CONCERNED WITH THE EXCHANGE 

MANAGEMENT BY OBJECTIVE

Ø  MANAGEMENT BY OBJECTIVE
PRINCIPLE OF MANAGEMENT/BUSINESS ORGANIZATION AND MGMT
MANAGEMENT BY OBJECTIVE

PRINCIPLE OF MANAGEMENT/BUSINESS ORGANIZATION AND MGMT
MANAGEMENT BY OBJECTIVE

◦     ALSO KNOWN AS MGMT BY RESULT WAS FIRST POPULARIZED BY PETER DRUCKER IN 1954 IN BOOK” THE PRACTICE OF MANAGEMENT”

◦     IS A MANAGEMENT MODEL THAT AIMS TO IMPROVE THE PERFORMANCE OF AN ORGANIZATION BY CLEARLY DEFINING THE OBJECTIVES THAT ARE AGREED TO BY BOTH MANAGEMENT AND EMPLOYEES

◦     GEORGE S ORDIIORUE,” THE SYSTEM OF MANAGEMENT OBJECTIVE CAN BE DESCRIBED AS A PROCESS WHEREBY THE SUPERIOR AND SUBORDINATE MANAGERS OF AN ORGANIZATION JOINTLY IDENTIFY ITS COMMON GOALS,DEFINE EACH INDIVIDUAL’S MAJOR AREAS OF RESPONSIBILITY IN TERMS OF RESULTS EXPECTED OF HIM AND USE THESE MEASURES AS GUIDES FOR OPERATING THE UNIT AND ASSESSING THE CONTRIBUTION OF EACH OF ITS MEMBERS.