12th Business Studies CBSE Course

Part A: Principles and Functions of Management

Unit I: Nature and Significance of Management

Management – concept, objectives and importance
Management as Science, Art and Profession
Levels of management
Management functions – planning, organising, staffing, directing and controlling
Coordination – concept, characteristics and importance

Unit 2: Principles of Management

Principles of Management – concept, nature and significance
Fayol’s principles of management
Taylor’s Scientific Management – principles and techniques

Unit 3: Management and Business Environment

Business Environment – concept and importance
Dimensions of Business Environment – Economic, Social, Technological, Political and Legal
Impact of Government policy changes on business with special reference to liberalization, privatization and globalisation in India.

Unit 4: Planning

Concept, importance and limitations
Planning process
Single use and Standing Plans – Objectives, Strategy, Policy, Procedure, Method, Rule, Budget and Programme.

Unit 5: Organising

Concept and importance.
Organizing Process.
Structure of organization – functional and divisional.
Formal and informal organization.
Delegation: concept, elements and importance.
Decentralization: concept and importance.

Unit 6: Staffing

Concept and importance of staffing
Staffing as a part of Human Resource Management
Staffing process: Recruitment – sources; Selection – process
Training and Development – Concept and importance. Methods of training- on the job and off the job- Induction training, vestibule training, apprenticeship training and internship training.

Unit 7: Directing

Concept and importance
Elements of Directing: – Supervision – concept, functions of a supervisor.; – Motivation – Concept, Maslow’s hierarchy of needs; Financial and non-financial incentives.; – Leadership – concept, styles – authoritative, democratic and laissen faire.; – Communication – concept, formal and informal communication; barriers to effective; communication, how to overcome the barriers.

Unit 8: Controlling

Concept, nature and importance
Relationship between planning and controlling
Steps in the process of control

Part B: Business Finance and Marketing

Unit 9: Financial Management

Concept and objectives of financial management.
Financial decisions : investment, financing and dividend and factors affecting.
Financial planning – concept and importance.
Capital Structure – concept and factors affecting.
Fixed and Working Capital – concept and factors affecting their requirements.

Unit 10: Financial Markets

Financial Markets: concept and types.
Money market and its instruments.
Capital market and its types (primary and secondary).
Stock Exchange – functions and training procedure. Depository Services and D’mat Account.
Securities and Exchange Board of India (SEBI) – objectives and functions.