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IT3401 Business Management bmict'cmb'ac'lk
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IT3401. Business Management bm_at_ict.cmb.ac.lk. PREPARING FOR THE. BUSINESS MANAGEMENT ... Content, Process, and reinforcement. theories. Theories in leadership ... – PowerPoint PPT presentation
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Title: IT3401 Business Management bmict'cmb'ac'lk
1
PREPARING FOR THE
IT3401 Business Management bm_at_ict.cmb.ac.lk
2
OPTIONAL PAPERS OFFERED for Year 2 Semester 3
- BUSINESS MANAGEMENT
- OPERATIONAL RESEARCH
- WEB DEVELOPMENT TECHNIQUES
3
Optional Paper BUSINESS MANAGEMENT INTRODUC
TORY NOTE
4
- What is BUSINESS MANAGEMENT
- The subject Business Management will impart
knowledge that is necessary to manage the total
functions of a business in an efficient and
effective manner.
5
- OBJECTIVES OF THIS MODULE
- Improve management skills
- Understand a basic marketing plan
- Understand and interpret financial statements
-
Contd..
6
- Objectives of this module (Contd.)
- Apply cost accounting principles in decision
making - Apply economic principles in businesses
operations - Apply an effective inventory control system
-
Contd.
7
- Areas covered in BUSINESS MANAGEMENT
- MANAGEMENT
- MARKETING
- FINANCIAL ACCOUNTING
- MANAGEMENT ACCOUNTING
- ECONOMICS
8
- MANAGEMENT
- Evolution of Management
- The Management process
- Schools of thought and management theories
- Managerial Roles Skills
- Roles of a manager
- Management skills
- Challenges of management
9
- MANAGEMENT (Contd.)
- Planning, Organizing, Leading, Controlling
- Major functions in Management
- The formal planning process and strategic
planning. - Basics in organizing.
- Leadership as a function of management.
- Control Function
10
- MANAGEMENT (Contd.)
- Organizational Structure Behaviour
- Organizational structures
- Co-ordination, communication,
- delegation and empowerment
- Concept of Centralization and De-
- centralization
11
-
MANAGEMENT (Contd.) - Motivation Leadership
- Content, Process, and reinforcement
- theories
- Theories in leadership
- Trait, Behavioural and contingency approaches
12
- MARKETING
- Basic principles in marketing
- Marketing mix
- Process of segmentation
- targeting, and positioning
- Basic Product life cycles and BCG
- Matrix
- How to develop a marketing
- strategy
13
- FINANCIAL ACCOUNTING
- Financial Accounting Principles
- The principles and conventions in
- financial accounting
- Different forms of ownership in
- business entities
14
- Financial Accounting (Contd.)
- Double Entry
- Principles of Double Entry
- Writing up the ledger accounts
- Extraction of the Trial Balance
15
- Financial Accounting (Contd.)
- Preparation of Final Accounts
- Profit Loss Account
- Concepts behind a Profit Loss Account
- Preparation interpretation of a Profit Loss
A/c.
16
- Financial Accounting (Contd.)
- Preparation of Final Accounts
- Balance Sheet
- Concepts behind a Balance Sheet
- Preparation and interpretation of a Balance
Sheet
17
- MANAGEMENT ACCOUNTING
- Ratio Analysis
- The use of ratios to interpret
- financial statements
- Different ratios commonly used.
18
- Management Accounting (Contd.)
- Cost Accounting and Decision Making
- The basic cost accounting
- principles
- Relevance to pricing of
- products/services
19
- Management Accounting (Contd.)
- Inventory Control
- Different types of Inventory costs
- Stock Control methods
- Stock Pricing methods
- Economic Order Quantity (EOQ)
20
- ECONOMICS
- Managerial Economics
- Basic theories of Economics
- Demand and Supply
- Different types of markets
- Principles of costs
- Short-run/Long-run
- Basic Macro Economic
- principles
21
- Why Select Business Management
- Help in the future career path by giving
- a better understanding of the business
- world
- Ability to communicate with businesses
22
- How will BUSINESS MANAGEMENT help you in other
areas - Develop IT Solutions for
- Organisations
- Provide Background knowledge to
- be an entrepreneur
23
- Develop IT Solutions for Organisations
- Organisations require IT Solutions to
- Reduce Operational costs
- Speed up operations
- Ready access to any managerial
- information
- Low cost production
- Facilitate Value for money
- pricing
- Improve Profitability
24
- Provide Background knowledge to be an
entrepreneur - Cost product/service
- Price product/service
- Develop a marketing strategy
- Compare performance with that of
- your Competitors
- Prepare a budget
- Evaluate performance both
- marketing and financial
25
- Business Management skills will help in
understanding to - Identify the problems faced by a
- business
- Take timely decisions for
- corrective action
- Steer the Organisation to success
26
- Examination- Year 2- Semester 3
- Optional Paper Business Management
- Examination Paper will be for 3 hours
- Part 1 1.5 hours
- Multiple Choice Questions
- Part 2 1.5 hours
- Structured Questions.
- A Case Study
27
- Business Management
- Recommended hours of teaching
- Evolution of Management - 4 hours
- Managerial roles and skills 3 hours
- Planning, Organising,
- Leading and Controlling - 5 hours
- Organizational Structure
- Behaviour - 4 hours
- Marketing - 6 hours
- Motivation and Leadership- 5 hours
28
- Business Management
- Recommended hours of teaching (Contd.)
- Financial Accounting - 2 hours
- Double Entry - 2 hours
- Balance Sheet - 2 hours
- Profit Loss Account - 2 hours
- Ratio Analysis - 4 hours
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- Business Management
- Recommended hours of teaching (Contd.)
- Cost Accounting and
- decision making - 6 hours
- Managerial Economics - 12 hours
- Inventory Control - 3 hours
- TOTAL 60 HOURS
30
- Business Management
- Books Recommended
- MAIN READING
- Management 6th Edition by James
- A.F.Stoner R. Edward Freeman
- Principles of Marketing (8th edition)
- by Philip Kotler Gary Armstrong
- Spicer Peglers Book-Keeping and
- Accounts 19th edition by Paul Gee
31
- Business Management
- Books Recommended
- MAIN READING (Contd.)
- Management Accounting 3rd Edition
- by T. Lucey
- An Introduction to Positive
- Economics 6th Edition by Richard G.
- Lipsey
- Quantitative Techniques 4th Edition
- (Chapter 11 to 14) by T. Lucey
32
- Business Management
- Books Recommended
- Supplementary Reading
- Management by Cole
- Marketing Management 9th edition
- by Philip Kotler
- Costing An Instructional Manual
- 2nd Edition by T. Lucey
- Quantitative Methods Management
- 1st Edition by K.R.M.T.Karunaratne
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