Business ethics

Unit 1 Business Ethics {Book}

Business Ethics: Introduction, Meaning, Scope

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Types of Business ethics

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Characteristics of Business ethics

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Factor influencing Business Ethics

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Importance of Business Ethics

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Arguments for and against Business Ethics

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Basics of Business Ethics

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Corporate Social Responsibility

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Issues of Management

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Crisis Management

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Unit 2 Personal ethics {Book}

Personal ethics: Introduction, Meaning

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Emotional Honesty

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Virtue of humility

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Promote Happiness

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Karma Yoga, Proactive

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Flexibility and Purity of Mind

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Unit 3 Ethics in Management {Book}

Ethics in Management

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Ethics in HRM

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Marketing ethics

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Ethical aspects of financial Management

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Technology ethics

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Professional ethics

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Unit 4 Role of Corporate Culture in Business {Book}

Corporate Culture: Meaning, Functions

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Impact of Corporate Culture

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Cross cultural issues in ethics

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Unit 5 Corporate Governance {Book}

Corporate Governance: Meaning, Benefits, Scope

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Composition of Board of Directors

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Cadbury committee

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Limitations of Corporate Governance

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Quantitative Methods for Business – 2

Unit 1 Introduction To Statistics {Book}

Statistics: Meaning and Definition Functions Scope Limitations

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Collection of data

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Census and Sample Techniques

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Classification of data

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Preparation of frequency distribution

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Tabulation of data

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Presentation of Data

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Unit 2 Measures of Central Tendency {Book}

Meaning and Definition

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Types of Averages:

Arithmetic Mean (Simple and Weighted)

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Median

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Mode

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Graphical representation of median and mode, Ogive curve

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Ogives

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Histogram

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Smoothed frequency curve

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Frequency Polygon

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Unit 3 Measures of Dispersion And Skewness {Book}

Measures of Dispersion: Meaning

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Range

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Quartile Deviation

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Mean Deviation & Co-efficient of Variation

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Standard Deviation & Co-efficient of Variation

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Measures of Skewness: Meaning, Uses, Co-efficient of Skewness

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Symmetrical and Skewed Distributions

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Measures of Skewness: Absolute and Relative skewness measures, Karl Pearson’s Co-efficient of Skewness, Bowley’s Co-efficient of Skewness

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Unit 4 Co-relation and Regression Analysis {Book}

Co-relation: Meaning, Uses, Types,

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Probable error

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Karl Pearson’s Rank Correlation

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Sparkman’s Rank Correlation

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Regression: Meaning

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Regression equation

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Unit 5 Index Numbers {Book}

Index Numbers: Meaning, Uses, Classification, Construction

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Methods of constructing Index Numbers

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Simple Aggregative Method

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Simple Average or Price Relative Method, Weighted index method

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Fisher’s ideal Method (TRT & FRT)

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Consumer Price Index

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Read More: https://indiafreenotes.com/umbms-business-statistics/

Quantitative Methods for Business – 1

Unit 1 Number System {Book}

Natural Numbers, Even Numbers, Odd Numbers

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Integers, Prime Numbers

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Rational & Irrational numbers

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Real Numbers, HCF & LCM (Simple Problems)

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Unit 2 Theory Of Equations {Book}

Please refer Books for this Unit

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Unit 3 Progressions {Book}

Arithmetic Progression Finding the “n”th term of AP and Sum to “n”th term of AP.

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Insertion of Arithmetic Mean

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Geometric Progression Finding the “n”th term of GP and

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Insertion of Geometric Mean

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Unit 4 Matrices and Determinants {Book}

Please refer Books for this Unit

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Unit 4 Commercial Arithmetic {Book}

Simple Interest, Compound Interest including half yearly and quarterly calculations

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Annuities

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Percentages

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Bills Discounting

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Ratios and proportions

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Duplicate: Triplicate and Sub-duplicate of a ratio

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Proportions: Third, Fourth and inverse proportion

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Unit 5 Progressions {Book}

Arithmetic Progression Finding the “n”th term of AP and Sum to “n”th term of AP.

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Insertion of Arithmetic Mean

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Geometric Progression Finding the “n”th term of GP and

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Insertion of Geometric Mean

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Bangalore University BBA Notes

Latest 2024-25 SEP Notes

1st Semester  
Fundamentals of Accounting (Updated) VIEW
Management Dynamics (Updated) VIEW
Business Environment (Updated) VIEW
Quantitative Analysis for Business (Updated) VIEW
Environmental Studies (Updated) VIEW

 

2nd Semester  
Financial Accounting (Updated) VIEW
Marketing Dynamics (Updated) VIEW
Organization Behaviors (Updated) VIEW
Data Analysis for Business Decisions (Updated) VIEW
Computer Accounting Tally Prime (CATP) (Practical, No Update) VIEW

NEP Notes

1st Semester

Management Innovation (Updated) VIEW
Fundamentals of Accountancy (Updated) VIEW
Marketing Management (Updated) VIEW
Digital Fluency (Updated) VIEW
Spreadsheet for Business (Updated) VIEW
Business Organization (Updated) VIEW
Office Organization and Management VIEW
Tourism and Travel Management VIEW
Event Management VIEW

2nd Semester

Financial Accounting and Reporting (Updated) VIEW
Human Resource Management (Updated) VIEW
Business Environment (Updated) VIEW
Retail Management (Updated) VIEW
Management of Non Government Organizations (Updated) VIEW
Digital Fluency (Updated) VIEW

3rd Semester

Elements of Cost Accounting (Updated) VIEW
Organisational Behaviour (Updated) VIEW
Business Statistics (Updated) VIEW
Artificial Intelligence (No Update) VIEW
Rural Marketing (Updated) VIEW
Social Media Marketing (Updated) VIEW

4th Semester

Management Accounting (Updated) VIEW
Business Analytics (Updated) VIEW
Indian Financial System (Updated) VIEW
Financial Management (Updated) VIEW
Constitution of India (Updated) VIEW
Business Leadership Skills (Updated) VIEW
Personal Wealth Management (Updated) VIEW

5th Semester

Production and Operations Management (Updated) VIEW
Income TaxI (Updated) VIEW
Banking Law and Practice (Updated) VIEW
FN1 Advanced Corporate Financial Management (Updated) VIEW
MK1 Consumer Behavior (Updated) VIEW
HRM1 Compensation and Performance Management (Updated) VIEW
DA1 Financial Analytics VIEW
RM1 Fundamentals of Retail Management (Updated) VIEW
LSCM1 Freight Transport Management (Updated) VIEW
Information Technology for Business(Excel & DBMS) (Updated) VIEW
Digital Marketing (Updated) VIEW
Cyber Security (Updated) VIEW
Employability Skills VIEW

6th Semester

Business Law (Updated) VIEW
Income Tax-II (Updated) VIEW
International Business (Updated) VIEW
FN2 Security Analysis and Portfolio Management (Updated) VIEW
MK2 Advertising and Media Management (Updated) VIEW
HRM2 Cultural Diversity at Workplace (Updated) VIEW
DA2 Marketing Analytics VIEW
RM2 Retail Operations Management (Updated) VIEW
LSCM2 Sourcing for Logistics and Supply Chain Management (Updated) VIEW
Goods and Services Tax (Updated) VIEW
ERP Application (Updated) VIEW

CBCS 2020-21 Notes

1st Semester

Accounting for Business (Updated)
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Enterprises Management (Updated)
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Corporate Regulations (Updated)
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Business Mathematics and Logical Reasoning (No Update)
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2nd Semester

Financial Accounting (Updated)
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Human Resource Practices (Updated) VIEW
Statistical applications in Business (Updated)
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Production and Inventory Management (Updated)
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3rd Semester

Corporate Skills (Updated) VIEW
Corporate Accounting (Updated) VIEW
Modern Marketing (Updated) VIEW
Financial Institutions and Regulatory Bodies (Updated) VIEW
Business Finance (Updated) VIEW

4th Semester

Cost Accounting (Updated) VIEW
Banking Operations and Innovations (Updated) VIEW
Business Research Methodology (Updated) VIEW
Behviourial Science (Updated) VIEW
Advanced Corporate Accounting (Updated) VIEW

5th Semester

Income Tax – 1 (Updated) VIEW
Entrepreneurship Development and Star-ups (Updated) VIEW
Management information and Technology VIEW
Financial Analysis and Reporting (Updated) VIEW
Accounting And Finance  
A&FN1 Advanced Accounting (Updated) VIEW
A&FN2 Derivatives and Risk management (Updated) VIEW
Marketing And Human Resource  
MK&HR1 Consumer Behavior and Marketing Research (Updated) VIEW
MK&HR2 Performance Management (Updated) VIEW
IT And Data Analytics  
IT&DA1 Entrepreneurship Resource planning (ERP) VIEW
IT&DA2 E-Governance VIEW

6th Semester

Income Tax – 2 (Updated) VIEW
Auditing and Attestation VIEW
Goods and Services Tax VIEW
Business Regulations (Updated) VIEW
Accounting And Finance
A&FN3 Costing Methods and Techniques (Updated) VIEW
A&FN4 Security Analysis and Portfolio Management VIEW
Marketing And Human Resource
MK&HR3 Logistics and Supply Chain Management VIEW
MK&HR4 Emotional Intelligence VIEW
IT And Data Analytics
IT&DA3 Data analysis for Social Sciences VIEW
IT&DA4 Business Analytics VIEW

>>>Old Syllabus<<<

1st Semester

Fundamentals of Accounting VIEW
Business Organization and Environment VIEW
Quantitative Methods for Business – 1 (Updated)
VIEW
Management Process VIEW

2nd Semester

Financial Accounting (Updated)
VIEW
Quantitative Methods for Business-2 (Updated) VIEW
Organizational Behaviour (Updated)
VIEW
Production and Operations Management (Updated)
VIEW

3rd Semester

Soft Skills for Business VIEW
Corporate Accounting VIEW
Human Resource Management VIEW
Business Regulations VIEW
Corporate Environment VIEW
Business ethics (Updated)
VIEW

4th Semester

Business Research Methods (Updated)
VIEW
Marketing Management (Updated)
VIEW
Financial Management (Updated)
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Services Management VIEW
Banking Regulations & Operations (Updated)
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Cost Accounting (Updated)
VIEW

5th Semester

Entrepreneurial Management VIEW
Computer Applications in Business VIEW
Investment Management VIEW
Management Accounting (Updated) VIEW
Finance Group:  
FN5.5 Advanced Financial Management VIEW
FN5.6 Financial Markets & Services VIEW
Marketing Group:
MK5.5 Consumer Behavior VIEW
MK5.6 Advertising & Media Management VIEW
Human Resource Group:
HR5.5 Employee Welfare & Social Security VIEW
HR5.6 Strategic HRM VIEW

6th Semester

International Business (Updated)
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E-Business (Updated) VIEW
Income Tax (Updated) VIEW
Strategic Management (Updated) VIEW
Finance Group:  
FN6.5 International Finance (Updated)
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FN6.6 Stock and Commodity Markets (Updated) VIEW
Marketing Group:
MK6.5 Brand Management (Updated) VIEW
MK6.6 Retail Management (Updated)
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Human Resource Group:
HR6.5 Organizational Change & Development (Updated) VIEW
HR6.6 Compensation Management (Updated) VIEW

e-mail

Electronic mail (email, e-mail, eMail or e-Mail) is a method of exchanging messages (“mail”) between people using electronic devices. Email entered limited use in the 1960s, but users could only send to users of the same computer, and some early email systems required the author and the recipient to both be online simultaneously, similar to instant messaging. Ray Tomlinson is credited as the inventor of email; in 1971, he developed the first system able to send mail between users on different hosts across the ARPANET, using the @ sign to link the user name with a destination server. By the mid-1970s, this was the form recognized as email.

Email gives an excellent opportunity to coolly compose your thoughts, couch it in appropriate language and put it in writing, go through it over and again, fine tuning or revising it before you hit the send button. You don’t have that kind of advantage in a telephone conversation. Many time you forget what you planned to say.

Email operates across computer networks, primarily the Internet. Today’s email systems are based on a store-and-forward model. Email servers accept, forward, deliver, and store messages. Neither the users nor their computers are required to be online simultaneously; they need to connect, typically to a mail server or a webmail interface to send or receive messages or download it.

Originally an ASCII text-only communications medium, Internet email was extended by Multipurpose Internet Mail Extensions (MIME) to carry text in other character sets and multimedia content attachments. International email, with internationalized email addresses using UTF-8, is standardized but not widely adopted.

The history of modern Internet email services reaches back to the early ARPANET, with standards for encoding email messages published as early as 1973 (RFC 561). An email message sent in the early 1970s is similar to a basic email sent today.

Historically, the term electronic mail is any electronic document transmission. For example, several writers in the early 1970s used the term to refer to fax document transmission. As a result, finding its first use is difficult with the specific meaning it has today.

The term electronic mail has been in use with its current meaning since at least 1975, and variations of the shorter E-mail have been in use since at least 1979:

  • Email is now the common form, and recommended by style guides. It is the form required by IETF Requests for Comments (RFC) and working groups. This spelling also appears in most dictionaries.
  • E-mail is the form favored in edited published American English and British English writing as reflected in the Corpus of Contemporary American English data, but is falling out of favor in some style guides.
  • Email is a traditional form used in RFCs for the “Author’s Address” and is required “for historical reasons“.
  • E-mail is sometimes used, capitalizing the initial E as in similar abbreviations like E-piano, E-guitar, A-bomb, and H-bomb.

In the original protocol, RFC 524, none of these forms was used. The service is simply referred to as mail, and a single piece of electronic mail is called a message.

An Internet e-mail consists of an envelope and the content consists of a header and a body.

Message format

The basic Internet message format used for email is defined by RFC 5322, with encoding of non-ASCII data and multimedia content attachments defined in RFC 2045 through RFC 2049, collectively called Multipurpose Internet Mail Extensions or MIME. The extensions in International email apply only to email. RFC 5322 replaced the earlier RFC 2822 in 2008, then RFC 2822 in 2001 replaced RFC 822 – the standard for Internet email for decades. Published in 1982, RFC 822 was based on the earlier RFC 733 for the ARPANET.

Internet email messages consist of two sections, ‘header’ and ‘body’. These are known as ‘content’. The header is structured into fields such as From, To, CC, Subject, Date, and other information about the email. In the process of transporting email messages between systems, SMTP communicates delivery parameters and information using message header fields. The body contains the message, as unstructured text, sometimes containing a signature block at the end. The header is separated from the body by a blank line.

Message header

RFC 5322 specifies the syntax of the email header. Each email message has a header (the “header section” of the message, according to the specification), comprising a number of fields (“header fields”). Each field has a name (“field name” or “header field name”), followed by the separator character “:”, and a value (“field body” or “header field body”).

Each field name begins in the first character of a new line in the header section, and begins with a non-whitespace printable character. It ends with the separator character “:”. The separator follows the field value (the “field body”). The value can continue onto subsequent lines if those lines have space or tab as their first character. Field names and, without SMTPUTF8, field bodies are restricted to 7-bit ASCII characters. Some non-ASCII values may be represented using MIME encoded words.

Header fields

Email header fields can be multi-line, with each line recommended to be no more than 78 characters, although the limit is 998 characters. Header fields defined by RFC 5322 contain only US-ASCII characters; for encoding characters in other sets, a syntax specified in RFC 2047 may be used. In some examples, the IETF EAI working group defines some standards track extensions, replacing previous experimental extensions so UTF-8 encoded Unicode characters may be used within the header. In particular, this allows email addresses to use non-ASCII characters. Such addresses are supported by Google and Microsoft products, and promoted by some government agents.

The message header must include at least the following fields:

  • From: The email address, and, optionally, the name of the author(s). Some email clients are changeable through account settings.
  • Date: The local time and date the message was written. Like the From: field, many email clients fill this in automatically before sending. The recipient’s client may display the time in the format and time zone local to them.

RFC 3864 describes registration procedures for message header fields at the IANA; it provides for permanent and provisional field names, including also fields defined for MIME, netnews, and HTTP, and referencing relevant RFCs. Common header fields for email include:

  • To: The email address(es), and optionally name(s) of the message’s recipient(s). Indicates primary recipients (multiple allowed), for secondary recipients see Cc: and Bcc: below.
  • Subject: A brief summary of the topic of the message. Certain abbreviations are commonly used in the subject, including “RE:” and “FW:”.
  • Cc: Carbon copy; Many email clients mark email in one’s inbox differently depending on whether they are in the To: or Cc: list.
  • Bcc: Blind carbon copy; addresses are usually only specified during SMTP delivery, and not usually listed in the message header.
  • Content-Type: Information about how the message is to be displayed, usually a MIME type.
  • Precedence: commonly with values “bulk”, “junk”, or “list”; used to indicate automated “vacation” or “out of office” responses should not be returned for this mail, e.g. to prevent vacation notices from sent to all other subscribers of a mailing list. Sendmail uses this field to affect prioritization of queued email, with “Precedence: special-delivery” messages delivered sooner. With modern high-bandwidth networks, delivery priority is less of an issue than it was. Microsoft Exchange respects a fine-grained automatic response suppression mechanism, the X-Auto-Response-Suppress field.
  • Message-ID: Also an automatic-generated field to prevent multiple deliveries and for reference in In-Reply-To: (see below).
  • In-Reply-To: Message-ID of the message this is a reply to. Used to link related messages together. This field only applies to reply messages.
  • References: Message-ID of the message this is a reply to, and the message-id of the message the previous reply was a reply to, etc.
  • Reply-To: Address should be used to reply to the message.
  • Sender: Address of the sender acting on behalf of the author listed in the From: field (secretary, list manager, etc.).
  • Archived-At: A direct link to the archived form of an individual email message.
  • The To: field may be unrelated to the addresses to which the message is delivered. The delivery list is supplied separately to the transport protocol, SMTP, which may be extracted from the header content. The “To:” field is similar to the addressing at the top of a conventional letter delivered according to the address on the outer envelope. In the same way, the “From:” field may not be the sender. Some mail servers apply email authentication systems to messages relayed. Data pertaining to the server’s activity is also part of the header, as defined below.

SMTP defines the trace information of a message saved in the header using the following two fields:

  • Received: after an SMTP server accepts a message, it inserts this trace record at the top of the header (last to first).
  • Return-Path: after the delivery SMTP server makes the final delivery of a message, it inserts this field at the top of the header.

Other fields added on top of the header by the receiving server may be called trace fields.

  • Authentication-Results: after a server verifies authentication, it can save the results in this field for consumption by downstream agents.
  • Received-SPF: stores results of SPF checks in more detail than Authentication-Results.
  • DKIM-Signature: stores results of DomainKeys Identified Mail (DKIM) decryption to verify the message was not changed after it was sent.
  • Auto-Submitted: is used to mark automatic-generated messages.
  • VBR-Info: claims VBR whitelisting

Importance

Easy to use: E-mail frees us from the tedious task of managing data for daily use. It helps us manage our contacts, send mails quickly, maintain our mail history, store the required information, etc.

Speed: An e-mail is delivered instantly and anywhere across the globe. No other service matches the e-mail in terms of speed.

Easy to prioritize: Because e-mails come with a subject line, it is easy to prioritize them and ignore the unwanted ones.

Reliable and secure: Constant efforts are being taken to improve the security in electronic mails. It makes e-mail one of the secured ways of communication.

Informal and conversational: The language used in e-mails is generally simple and thus, makes the process of communication informal. Sending and receiving e-mails takes less time, so it can be used as a tool for interaction.

Easier for reference: When a person needs to reply to a mail, he/she can use the provision of attaching previous mails as references. It helps refresh the recipient’s know-how on what he is reading.

Automated e-mails: It is possible to send automated e-mails using special programs like auto responders. The auto responders reply only to those messages with generalized, prewritten text messages.

Environment friendly: Postal mails use paper as a medium to send letters. Electronic mail therefore, prevents a large number of trees from getting axed. It also saves the fuel needed for transportation.

Use of graphics: Colourful greeting cards and interesting pictures can be sent through e-mails. This adds value to the e-mail service. Advertising tool: Nowadays, many individuals and companies are using the e-mail service to advertise their products, services, etc.

Info at your fingertips: Storing data online means less large, space taking file cabinets, folders and shelves. You can access information far quicker if you learn how to use email this way.

Leverage: Send the same message to any number of people. Adaptations are simple, too. If you have a product or service to sell, email is an effective medium to get your message out.

Send reminders to yourself. Do you use more than one account? Email yourself messages from work to home or vice versa.

Objectives

  1. Inform

One of the main objectives of an email marketing campaign is to inform your readers. Showing up in your customers’ inboxes regularly presents a great opportunity to keep them informed about everything and anything about your company.

  1. Engage

Not only should they be informational, beneficial, and attractive, but you should also be sure that they engage recipients so they will want to learn more about your business and your brand as a whole. Make your emails engaging with images, graphics, and even videos to make sure that recipients read the emails in their entirety and digest all of the information you’ve provided.

  1. Attract

Another objective of email marketing is to attract users to your company. You may think that since current customers have already committed to your company, that there’s no need to attract them anymore. The truth is, current customers have the choice to stop buying products or services from your brand whenever they choose, and email marketing is a great way to ensure that you consistently win them over.

Defining Research Problems

Formulation of a research problem means to state the problem in a way that is re-searchable. It means to shape the research topic in a manner that it becomes ready for scientific investigation. A research problem is simply the research topic. A researcher needs to refine the topic and clearly state what is intended to be explored about the topic. This is called formulation of the research problem which involves narrowing down a broader research area into a specific research topic and devising the objectives.

Five (5) ways to formulate the Research problem

  1. Specify the Research Objectives

A clear statement defining your objectives will help you develop effective research.

It will help the decision makers evaluate the research questions your project should answer as well as the research methods your project will use to answer those questions. It’s critical that you have manageable objectives. (Two or three clear goals will help to keep your research project focused and relevant.)

  1. Review the Environment or Context of the Research Problem

As a marketing researcher, you must work closely with your team of researchers in defining and testing environmental variables. This will help you determine whether the findings of your project will produce enough information to be worth the cost.

In order to do this, you have to identify the environmental variables that will affect the research project and begin formulating different methods to control these variables.

  1. Explore the Nature of the Problem

Research problems range from simple to complex, depending on the number of variables and the nature of their relationship. Sometimes the relationship between two variables is directly related to a problem or questions, and other times the relationship is entirely unimportant.

If you understand the nature of the research problem as a researcher, you will be able to better develop a solution for the problem.

To help you understand all dimensions, you might want to consider focus groups of consumers, sales people, managers, or professionals to provide what is sometimes much needed insight into a particular set of questions or problems.

  1. Define the Variable Relationships

Marketing plans often focus on creating a sequence of behaviors that occur over time, as in the adoption of a new package design, or the introduction of a new product.

Such programs create a commitment to follow some behavioral pattern or method in the future.

Studying such a process involves:

  • Determining which variables affect the solution to the research problem.
  • Determining the degree to which each variable can be controlled and used for the purposes of the company.
  • Determining the functional relationships between the variables and which variables are critical to the solution of the research problem.
  • During the problem formulation stage, you will want to generate and consider as many courses of action and variable relationships as possible.
  1. The Consequences of Alternative Courses of Action

There are always consequences to any course of action used in one or more projects. Anticipating and communicating the possible outcomes of various courses of action is a primary responsibility in the research process.

Organizational Development Interventions

Business leaders must continually look at the changing market to develop and implement strategies within their organizations. Failure to do so results in becoming less relevant to consumers and losing revenues. Organizational development intervention techniques are designed to assess information, process new strategies, and effectively integrate new approaches. Following the eight steps for organizational development process interventions helps leaders remain focused on specifics as they proceed through organizational change.

Eight Steps for Organizational Development Interventions

  1. Entry Signals

Entry signals refer to the flags a business leaders sees outside the business that alert him to start thinking about change. An entry signal could be external, such as a new competitor with innovative solutions, or internal, such as a sudden influx of negative feedback on products and services.

  1. Purpose

The purpose step defines the core issues that are at play with newly discovered issues. This may be the step where a third-party change agent is brought in to take over the organizational development (OD) intervention. For example, an influx of complaints may have started at the onset of moving to fulfillment centers with inexperienced employees. The change agent goes to the site and gathers all pertinent information. The purpose is to develop a strategy that will resolve the issues with the fulfillment center.

  1. Assessment

Assessment takes the information gathered in the previous step and summarizes the feedback. This is presented to other stakeholders and management so the group can then review the issues, the overall company goals and budget.

  1. Action Plan

Stakeholders and leaders develop a plan to solve the problem. In the case of the new fulfillment center, the assessment may demonstrate a lack of training on company processes for fulfillment. The action plan becomes to implement a new training program to resolve it.

  1. Intervention

With intervention, leadership takes the action plan steps and begins the implementation process. Leadership explains to teams the series of changes that will happen and rolls out the change plan. In the case of the new fulfillment center, this means organizing the training in a way to least disrupt operations and running training programs.

  1. Evaluation

Once the intervention is complete, leadership evaluates the results. This is where metrics are collected and measured compared to the control defined in the purpose and assessment phase and the goals set forth in the action plan.

  1. Adoption

After evaluating the success metrics of the action plan, the stakeholders and leadership determine if the changes will become a new part of the organization policy. In the case of the training program, it might become a mandatory onboarding process for all employees to complete.

  1. Separation

Separation is the closure of the organizational development process most prominent when the change was implemented by a third-party change agent. This person begins the process of stepping away from the organization and project, providing duties to others within the organizations. If leadership was helming the intervention, a systematic delegation of duties is implemented to allow leaders to get to other tasks and projects.

Types of OD Interventions

We can classify the OD interventions into three categories:

  1. Behavioural Techniques: These techniques are designed to affect the behaviour of individuals and the group. These include:

(i) Sensitivity Training

The purpose of sensitivity training sessions or T-groups (T for training) is to change the behaviour of people through unstructured group interaction. Members (ten to fifteen individuals) are brought together in a free and open environment, away from work places, in which participants discuss themselves freely, aided by a facilitator. No formal agenda is provided.

The objectives of the T-groups are

  • To provide the participants with increased awareness of their own behaviour
  • How others perceive the, greater sensitivity to the behaviour of others
  • Increased understanding of group processes.

(ii) Role Playing

Role playing may be described as a technique of creating a life situation, usually one involving conflict between people, and then having persons in group play the parts or roles of specific personalities. In industry, it is used primarily as a technique of or modifying attitudes and interpersonal skills.

For instance, two trainees may play the roles of a superior and a subordinate to discuss the latter’s grievances.

The purpose of role playing is to aid trainees to understand certain business problems and to enable observers to evaluate reactions to them.

Role-playing is generally used for human relations and sales training. This technique makes trainees self-conscious and imaginative and analytical of their own behaviour.

(iii) Management by Objectives (MBO)

Managing by objectives is a dynamic system which integrated the company’s need to achieve its goals for profit and growth with the manager’s need to contribute and develop himself.

Management by objectives (MBO) is a technique designed to

  • increase the precision of the planing process at the organizational level.
  • reduce the gap between employee and organisational goals.
  • MBO encourages performance appraisal through a process of shared goal setting and evaluation.

(iv) Grid development

Grid organizational development is based on Blake and Moution’s model of leadership called the managerial Grid. Their model depicts two prevailing concerns found in all organizations-concern for productivity and concern for people.

Some managers are high in concern for productivity but low in concern for people; others are high in concern for people but low in concern for productivity.

Besides helping managers evaluate their concern for proper and productivity, the Managerial Grid stresses the importance of developing a team-management leadership style.

In grid OD, change agents use a questionnaire to determine the existing styles of managers, help them to re-examine their own styles and work towards maximum effectiveness.

  1. Non-Behavioural Techniques

These techniques are much more structured than behavioural techniques. These include:

(i) Organizational Redesign

The organization’s structure may be changed to make it more efficient by redefining the flow of authority. There are call also be changes in functional responsibility, such as a move from product to matrix organizational structure.

Organizational structure often reflects the personal desires, needs, and values of the chief executive. Changing structure, therefore, may create resistance and concern because people are worried about their power or status, or how the change will affect their work groups.

(ii) Job Enrichment

Job enrichment implies increasing the cents of a job or the deliberate upgrading of the responsibility, scope and challenge in work.

Job enrichment is a motivational technique which emphasises the need for challenging and interesting work. It suggests that jobs be redesigned, so that intrinsic satisfaction is derived from doing the job.

In its best application, it leads to a vertically enhanced job by adding functions from other organizational levels, making it contain more variety and challenge and offer autonomy and pride to employee.

The job holder is given a measure of discretion in making operational decisions concerning his job. In this sense, he gains a feeling of higher status influence and power.

(iii) Work Design

Work design is a broad term meaning the process of defining tasks and jobs to achieve both organizational and employee goals, it must, therefore, take into account the nature of the business (organizational interest), the organizational structure, the information flow and decision process, the differences among employees, and the reward system.

Within the board scope of work, design is the design of individual jobs, that is, job design.

  • Job analysis is the process of obtaining information about jobs.
  • Job redesign makes use of job analysis to redefine a job in terms of tasks, behaviours, education, skills, relationships, and responsibilities required.
  1. Miscellaneous Techniques

In addition to the above techniques, there are certain other techniques which are used in organization development, such as:

(i) Survey Feedback

Survey feedback is one of the most popular and widely used intervention techniques, in the field of OD.

It involves two basic activities:

  • Collecting data about the organization through the use of surveys of questionnaires, and
  • Conducting feedback meetings and workshops in which the data are presented to organizational members.

Survey feedback is useful in as much as it helps bring about changes in attitudes and perceptions of participants. Used along with team building the impact of the survey feedback is much more positive.

(ii) Process Consultation

Process consultation includes “a set of activities on the part of a consultant which help the client to perceive, understand, and act upon process events which occur in the client’s environment”.

Process consultation assumes that an organization’s effectiveness depends on how well its people relate to one another. An organization’s problems, therefore, often can be traced to the breakdown of critical human processes at key places.

Consultation concentrates on certain specific areas as communication, functional roles of members, group problem-solving and decision-making; group norms and growth, leadership and authority, and intergroup cooperation and competition.

(iii) Team Building

Team building is a process of diagnosing and improving the effectiveness of a work group with particular attention to work procedures and inter-personal relationship smith in it, especially the role of the leader in relation to other group members.

Both the group’s task procedures and its human interactions are the subjects of study in team building.

The basic assumption of team building is that increasing the effectiveness of teams will improve the organization’s overall effectiveness.

Importance

(a) It is need to bridge the gap between the existing and required abilities.

(b) It improves the processes, systems, people and management capabilities.

(c) Performance of the organisation as a whole improves.

(d) The quality and quantity of products improves as per demand of the customers.

(e) The sales and revenue of its products and services go high.

(f) The profitability of the company goes high.

(g) The financial position of the company improves.

(h) The market share of the company improves.

(i) The company gets competitive advantage over their arch rivals in markets.

(j) The reputation of the company as a whole improves.

Product

A product may be defined as a set of tangible, intangible and associate attributes capable of being exchanged for a value with the ability to satisfy consumers and business needs.  It is anything that can be offered to a market to satisfy the needs or wants of the customer. The products that are marketed include physical goods, services, experiences, events, person, place, properties, organization, information and ideas.

Many authors define the term ‘product’ in the following manner:

  • Philip Kotler: “A product is anything that can be offered to a market for attention, acquisition, use or consumption. It includes physical objects, services, personalities, place, organizations and ideas.”
  • Alderson: “A product is a bundle of utilities consisting of various features and accompanying services.”
  • Schwartz: “A product is something a firm markets that will satisfy a personal want or fill a business or commercial need and includes all the peripheral factors that may contribute to consumer’s satisfaction.”
  • William J. Stanton: “A product is a set of tangible and intangible attributes, including packaging, colour, price, manufacturers and retailers prestige and services, which the buyer may accept as offering satisfaction of wants and needs.”
  • Rustam S. Davar: “A product may be regarded from the marketing view point as a bundle of benefits which are being offered to consumers.

Thus, we can say a product is both what a seller has to sell and what buyer has to buy. Buyer will buy a product which can offer him expected satisfaction.

Levels or Dimensions of Product

A product has many dimensions beside its physical appearance. In fact, a product is like an ‘onion’ with several layers and each layer contributes to the total product image.

According to Philip Kotler, “The consumers will favour those products that offer most quality, performance and features.”.  Philip Kotler has described the five levels of products.

Customers will choose a product based on their perceived value of it. Satisfaction is the degree to which the actual use of a product matches the perceived value at the time of the purchase. A customer is satisfied only if the actual value is the same or exceeds the perceived value. Kotler attributed five levels to products:

The five product levels are

  1. Core benefit

The fundamental need or want that consumers satisfy by consuming the product or service. For example, the need to process digital images. This is the basic level that represents the heart of the product. Here, the focus is on the purpose for which the product is intended. It answers the question ‘What is the buyer really buying? For instance, a woman doesn’t purchase a washing machine merely because of its machinery but for her comfort and praise from her family. Likewise, we buy a warm coat to protect us from the cold and the rain. Thus, the basic job of marketing manager is to sell the core benefits of the product.

  1. Generic product (Generic Product or Tangible Product)

The second level of the product, the tangible product (also called the actual, physical or formal product) is the physical product or service offered to consumers. A version of the product containing only those attributes or characteristics absolutely necessary for it to function.

For example, the need to process digital images could be satisfied by a generic, low-end, personal computer using free image processing software or a processing laboratory.

  1. Expected product

The set of attributes or characteristics that buyers normally expect and agree to when they purchase a product. For example, the computer is specified to deliver fast image processing and has a high-resolution, accurate colour screen.

  1. Augmented product

The inclusion of additional features, benefits, attributes or related services that serve to differentiate the product from its competitors. For example, the computer comes pre-loaded with a high-end image processing software for no extra cost or at a deeply discounted, incremental cost.

  1. Potential product

This includes all the augmentations and transformations a product might undergo in the future. To ensure future customer loyalty, a business must aim to surprise and delight customers in the future by continuing to augment products. For example, the customer receives ongoing image processing software upgrades with new and useful features.

Benefits

Kotler’s Five Product Level model provides businesses with a proven method for structuring their product portfolio to target various customer segments. This enables them to analyse product and customer profitability (sales and costs) in a structured way. By organising products according to this model, a business’ sales processes can be aligned to its customer needs and help focus other operational processes around its customers – such as design and engineering, procurement, production planning, costing and pricing, logistics, and sales and marketing.Grouping products into product families that align with customer segments helps modelling and planning sales, as well as production and new product planning.

Characteristics of Product:

Careful analysis of concept of product essentially reveals following features:

  1. Product is one of the elements of marketing mix or programme.
  2. Different people perceive it differently. Management, society, and consumers have different expectations.
  3. Product includes both good and service.
  4. Marketer can actualize its goals by producing, selling, improving, and modifying the product.
  5. Product is a base for entire marketing programme.
  6. In marketing terminology, product means a complete product that can be sold to consumers. That means branding, labeling, colour, services, etc., constitute the product.
  7. Product includes total offers, including main qualities, features, and services.
  8. It includes tangible and non-tangible features or benefits.
  9. It is a vehicle or medium to offer benefits and satisfaction to consumers.
  10. Important lies in services rendered by the product, and not ownership of product. People buy services, and not the physical object.

Types of Product:

A company sells different products (goods and services) to its target market.

They can be classified into two groups, such as:

  1. Consumer Products

Consumer products are those items which are used by ultimate consumers or households and they can be used without further commercial and engineering processes.

Consumer products can be divided into four types as under:

  • Convenient Products: Such products improve or enhance users’ convenience. They are used in a day-to-day life. They are frequently required and can be easily purchased. For example, soaps, biscuits, toothpaste, razors and shaving creams, newspapers, etc. They are purchased spontaneously, without much consideration, from nearby shops or retail malls.
  • Shopping Products: These products require special time and shopping efforts. They are purchased purposefully from special shops or markets. Quality, price, brand, fashion, style, getup, colour, etc., are important criteria to be considered. They are to be chosen among various alternatives or varieties. Gold and jewelleries, footwear, clothes, and other durables (including refrigerator, television, wrist washes, etc.).
  • Durable Products: Durable products can last for a longer period and can be repeatedly used by one or more persons. Television, computer, refrigerator, fans, electric irons, vehicles, etc., are examples of durable products. Brand, company image, price, qualities (including safety, ease, economy, convenience, durability, etc.), features (including size, colour, shape, weight, etc.), and after-sales services (including free installation, home delivery, repairing, guarantee and warrantee, etc.) are important aspects the customers consider while buying these products.
  • Non-durable Products: As against durable products, the non-durable products have short life. They must be consumed within short time after they are manufactured. Fruits, vegetables, flowers, cheese, milk, and other provisions are non-durable in nature. They are used for once. They are also known as consumables. Mostly, many of them are non-branded. They are frequently purchased products and can be easily bought from nearby outlets. Freshness, packing, purity, and price are important criteria to purchase these products.
  • Services: Services are different than tangible objects. Intangibility, variability, inseparability, perishability, etc., are main features of services. Services make our life safe and comfortable. Trust, reliability, costs, regularity, and timing are important issues.

The police, the post office, the hospital, the banks and insurance companies, the cinema, the utility services by local body, the transportation facilities, and other helpers (like barber, cobbler, doctor, mechanic, etc.,) can be included in services. All marketing fundamental are equally applicable to services. ‘Marketing of services’ is the emerging facet of modern marketing.

  1. Industrial Products

Industrial products are used as the inputs by manufacturing firms for further processes on the products, or manufacturing other products. Some products are both industrial as well as consumer products. Machinery, components, certain chemicals, supplies and services, etc., are some industrial products.

Again, strict classification in term of industrial consumer and consumer products is also not possible, For example, electricity, petroleum products, sugar, cloth, wheat, computer, vehicles, etc., are used by industry as the inputs while the same products are used by consumers for their daily use as well.

Some companies, for example, electricity, cements, petrol and coals, etc., sell their products to industrial units as well as to consumers. As against consumer products, the marketing of industrial products differs in many ways.

Industrial products include:

  • Machines and components
  • Raw-materials and supplies
  • Services and consultancies
  • Electricity and Fuels, etc.

Dimensions of a Product

According to Philip Kotler, the total product has three layers or dimensions.

These three dimensions need to be distinguished from each other:

  1. Core Product

The core product covers the physical attributes—tangible and intangible—offered for sale. These attributes consist of the materials, quality, weight, design or shape, size, colour, style, smell, package, brand name, label, etc. Services like auto repair, bus travelling, electricity supply, management consultancy, legal advice, etc., are products with intangible features.

  1. Augmented Product

It is a broader conception including the various benefits and services that accompany the core product. It is the totality of benefits that a person receives in buying a product. For instance, along-with the T.V. set, a customer gets the dealer’s reputation, warranty, home delivery, free installation and maintenance, instructions for use, etc. This is an important dimension because in a competitive market, it provides a plus point to the seller. Neglect of this dimension may result in the failure of the product or loss of sales opportunities.

  1. Symbolic Product

It is product as the customer perceives it. It is the psychological feeling or expectations of the customer about the product which influence his decision to buy. To the consumer a product is actually a symbol or a meaning.

For instance, a customer buys a T.V. set not as a box of components but as an instrument of entertainment, pleasure and status. Similarly, a woman buys hope and beauty by purchasing a lipstick. Consumer’s perception of a product is critical to its success or failure.

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