Business Studies XII 

Unit 1: Nature of Management

• Concept and meaning of management
• Characteristics of management
• Management as science, art and profession
• Management and administration
• Functions of management
• Levels of management

Unit 2: Principles of Management

• Meaning of Principle of management
• Importance of principles of management
• Taylor’s scientific management concept and his contributions
• Principles of scientific management
• Advantages and Limitations of scientific management
• Fayol’s administrative management theory
• Max Weber’s bureaucracy theory: concept and principles

Unit 3: Planning

• Concept of planning
• Nature and Characteristics of Planning
• Types of planning
• Planning process
• Importance of planning
• Limitations in planning

Unit 4: Organizing

• Concept of organizing
• Principles of organizing
• Importance of organizing as a management function
• Organizing process
• Organizational structures: Line, line and staff, functional
• Departmentation: meaning and methods
• Concept of authority, responsibility and accountability
• Principles of delegation of authority
• Barriers to effective delegation of authority
• Decentralization: meaning and need
• Difference between delegation and decentralization of authority
• Factors affecting decentralization of authority

Unit 5: Decision-Making

• Concept of decision-making
• Importance of decision-making
• Steps in decision making process
• Types of managerial decisions

Unit 6: Direction

• Concept of direction
• Principles of direction
• Components of direction
• Importance of direction

Unit 7: Motivation

• Concept of motivation
• Process of motivation
• Importance of motivation
• Techniques of motivation
• Positive and negative motivation
• Maslow’s Need Hierarchy theory

Unit 8: Leadership

• Concept of leadership
• Leadership qualities
• Functions of managerial leader
• Leadership styles: autocratic, democratic and leissez faire

Unit 9: Supervision

• Concept of supervision
• Supervisor: role and functions
• Factors affecting supervision

Unit 10: Communication

• Concept of communication
• Process of communication
• Importance of communication
• Principles of communication
• Types of communication: horizontal, vertical and diagonal
• Barriers to effective communication

Unit 11: Co-ordination

• Concept of co-ordination
• Techniques of effective co-ordination
• Importance of co-ordination
• Principles of co-ordination

Unit 12: Controlling

• Concept of control
• Importance of control
• Controlling process
• Essentials of effective control

Unit 13: Risk Management and Insurance

• Concept of risk management
• Concept of insurance
• Importance of insurance
• Essentials of insurance contract
• Principles of Insurance
• Types of Insurance
  • Life Insurance
    • Meaning
    • Classification of life Insurance Policy
    • Procedures of effecting life insurance policy
  • Fire Insurance
    • Meaning of fire insurance
    • Procedures of affecting fire insurance policy
    • Types of fire insurance 
  • Marine Insurance
    • Meaning
    • Risk covered under marine insurance
    • Types of marine insurance policy

Unit 14 : Emerging Management Concepts

• Conflict management
• Knowledge management
• Participative management