Business Organization and Management Osmania University BCOM 1st Semester 2025-26 Notes

Unit 1
Business, Concepts, Objectives and Functions VIEW
Trade, Industry and Commerce VIEW
Social Responsibility of a Business VIEW
Forms of Business Organization VIEW
Sole Proprietorship, Meaning, Characteristics, Advantages and Disadvantages VIEW
Partnership, Characteristics, Advantages and Disadvantages VIEW
Kinds of Partners and Partnership Deed VIEW
Concept of Limited Liability Partnership VIEW
Hindu Undivided Family, Meaning, Characteristics, Advantages and Disadvantages VIEW
Co-Operative Organization, Meaning, Advantages and Disadvantages VIEW
One Person Company VIEW
Unit 2
Joint Stock Company, Meaning, Definition, Characteristics, Advantages and Disadvantages VIEW
Kinds of Companies VIEW
Promotion and Stages of Promotion VIEW
Promoter, Characteristics, Kinds VIEW
Preparation of Important Documents VIEW
Memorandum of Association, Concepts, Clauses VIEW
Articles of Association VIEW
Contents Prospectus, Statement in Lieu of Prospectus (As per Companies Act-2013) VIEW
Contents Red herring Prospectus VIEW
Unit 3
Management, Meaning, Characteristics, Functions, Levels VIEW
Organization Structure and Types of Organization Structure VIEW
Skills of Management VIEW
Scientific Management, Meaning, Definition, Objectives VIEW
Criticism Fayol’s Principles of Management VIEW
Unit 4
Planning, Meaning, Definition, Characteristics, Types, Advantages and Disadvantages VIEW
Approaches to Planning VIEW
Management by Objectives (MBO), Steps, Benefits, Weaknesses VIEW
Definition of Organizing, Process of Organizing VIEW
Organization, Principles of Organization VIEW
Formal Organizations VIEW
Informal Organizations VIEW
Line Organizations VIEW
Staff Organizations VIEW
Line and Staff Conflicts VIEW
Functional Organization VIEW
Span of Control, Meaning, Determining Span, Factors influencing the Span of Control VIEW
Unit 5
Meaning of Authority, Power, Responsibility and Accountability VIEW
Delegation of Authority VIEW
Decentralization of Authority VIEW
Coordination, Definition, Importance, Process, and Principles VIEW
Techniques of Effective Coordination VIEW
Control, Meaning, Definition, Steps and Requirements for Effective Control VIEW
Relationship between Planning and Control VIEW

Principles and Practices of Management 1st Semester Osmania University BBA 2025-26 Notes

Unit 1
Definition, Nature and Scope of Management VIEW
Management as Both Art and Science VIEW
Distinction Between Managers and Administrators VIEW
Managerial Roles VIEW
Managerial Skills VIEW
Functions of Management VIEW
Unit 2
Evolution of Management Thought VIEW
Classical Management Thought:
Taylor VIEW
Fayol VIEW
Max Weber VIEW
Human Relations (Mayo) VIEW
Behavioral (McGregor) VIEW
Systems Approaches of Management VIEW
Contingency Approaches VIEW
Administrative Management Thought VIEW
Unit 3
Planning: Nature, Scope and Importance of Planning VIEW
Planning Process VIEW
Planning Components: Objectives, Strategies, Policies, Procedures, Rules VIEW
Types of Planning: Strategic, Tactical, Operational VIEW
Management Forecasting and its Role in Planning VIEW
Decision-Making Process: Meaning, Steps and Types VIEW
Strategic Planning and Its Application in Organizations VIEW
Unit 4
Organizational Structure VIEW
Principles of Organizing VIEW
Formal Organizational Structures VIEW
Informal Organizational Structures VIEW
Formal vs informal Organizational Structures VIEW
Common Organizational Structures VIEW
Departmentalization VIEW
Line Authority VIEW
Staff Authority VIEW
Span of Control VIEW
Authority and Responsibility VIEW
Delegation VIEW
Decentralization VIEW
Unit 5
Staffing VIEW
Recruitment VIEW
Selection VIEW
Key differences between Recruitment and Selection VIEW
Induction VIEW
Orientation VIEW
Directing VIEW
Supervision VIEW
Coordination VIEW
Communication: Process, Channels, Barriers VIEW
Control Mechanisms: Types and Techniques of Control, Steps and Challenges VIEW
Relationships between Planning and Control VIEW
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