1. Human Resource
Management
Content:
This chapter covers the principles and practices of human resource management
(HRM). It includes recruitment and selection, training and development,
performance appraisal, compensation management, and employee welfare. The
chapter also addresses HRM's role in organizational development and employee
relations.
Objective:
To provide students with an understanding of HRM practices and their importance
in managing and developing the workforce effectively, ensuring the alignment of
human resources with organizational goals.
2. Business
Communication and Correspondence
Content:
Focuses on the methods and processes of business communication, including
written, oral, and nonverbal communication. It covers business correspondence,
such as letters, memos, reports, and emails. The chapter also discusses the
importance of effective communication in business and the use of technology in
communication.
Objective:
To develop students' skills in business communication, enabling them to write
and present information clearly and professionally, enhancing their ability to
interact effectively in a business environment.
3. Business Size and
Finance
Content:
Examines the various forms and sizes of business organizations, including sole
proprietorships, partnerships, and companies. It discusses financial
management, sources of finance, capital structure, and financial planning. The
chapter also covers financial statements and analysis to assess business
performance.
Objective:
To equip students with knowledge about different business structures and
financial management practices, helping them understand how to secure and
manage finance for business growth and sustainability.
4. Globalisation and
Recent Trends in Business
Content:
Discusses the concept of globalization and its impact on businesses. It
includes the benefits and challenges of operating in a global market,
international trade, and crossborder investments. The chapter also explores
recent trends in business, such as digital transformation, ecommerce, and
sustainability.
Objective:
To provide students with an understanding of globalization's effects on
businesses and to familiarize them with current business trends and
innovations, preparing them for the dynamic business environment.
5. Business
Regulators and Intermediaries
Content:
Covers the role of regulatory bodies and intermediaries in the business
environment. It includes the functions of government regulators, industry
bodies, and various intermediaries such as brokers and agents. The chapter
discusses how these entities ensure compliance, protect stakeholders, and
facilitate business transactions.
Objective:
To help students understand the regulatory framework and the role of
intermediaries in business, ensuring they are aware of the mechanisms that
govern business operations and protect business interests.