PREPARING FOR THE            IT3401           Business         Management        bm@ict.cmb.ac.lk
OPTIONAL PAPERS         OFFERED   for Year 2 Semester 3 BUSINESS MANAGEMENT OPERATIONAL RESEARCH WEB DEVELOPMENT  TECHN...
Optional Paper –BUSINESS MANAGEMENT  INTRODUCTORY NOTE
What is BUSINESS MANAGEMENT• The subject Business Management will  impart knowledge that is necessary to  manage the total...
OBJECTIVES OF THIS MODULE Improve management skills Understand a basic marketing plan Understand and interpret financia...
Objectives of this module (Contd.) Apply cost accounting principles in  decision making Apply economic principles in bus...
Areas covered in BUSINESS  MANAGEMENT•   MANAGEMENT•   MARKETING•   FINANCIAL ACCOUNTING•   MANAGEMENT ACCOUNTING•   ECONO...
MANAGEMENT Evolution of Management    The Management process    Schools of thought and    management theories Managerial...
MANAGEMENT (Contd.) Planning, Organizing, Leading, &  Controlling     Major functions in Management     The formal planni...
MANAGEMENT (Contd.) Organizational Structure & Behaviour    Organizational structures    Co-ordination, communication,   ...
MANAGEMENT (Contd.)Motivation & Leadership   Content, Process, and reinforcement    theories   Theories in leadership    ...
MARKETING  Basic principles in marketing  Marketing mix  Process of segmentation  targeting, and positioning  Basic Produc...
FINANCIAL ACCOUNTINGFinancial Accounting Principles      The principles and conventions in      financial accounting     ...
Financial Accounting (Contd.)Double Entry   Principles of Double Entry   Writing up the ledger accounts   Extraction of t...
Financial Accounting (Contd.)Preparation of Final Accounts   Profit & Loss Account      Concepts behind a Profit & Loss  ...
Financial Accounting (Contd.)Preparation of Final Accounts    Balance Sheet        Concepts behind a Balance     Sheet   ...
MANAGEMENT ACCOUNTINGRatio Analysis   The use of ratios to interpret   financial statements   Different ratios commonly u...
Management Accounting (Contd.)Cost Accounting and Decision Making   The basic cost accounting   principles   Relevance to...
Management Accounting (Contd.)Inventory Control   Different types of Inventory costs   Stock Control methods   Stock Pric...
ECONOMICSManagerial Economics    Basic theories of Economics    Demand and Supply    Different types of markets    Princi...
Why Select Business Management  Help in the future career path by giving   a better understanding of the business   worl...
How will BUSINESS MANAGEMENThelp you in other areas  Develop IT Solutions for   Organisations  Provide Background knowle...
Develop IT Solutions for Organisations   Organisations require IT Solutions to:        Reduce Operational costs        Sp...
Provide Background knowledge to be anentrepreneur    Cost product/service     Price product/service     Develop a marketi...
Business Management skills will help inunderstanding to:   Identify the problems faced by a    business   Take timely de...
Examination- Year 2- Semester 3Optional Paper – Business ManagementExamination Paper will be for 3 hours:     Part 1 – 1.5...
Business Management –Recommended hours of teaching  Evolution of Management - 4 hours  Managerial roles and skills – 3 h...
Business Management –Recommended hours of teaching (Contd.)  Financial Accounting      -   2 hours  Double Entry        ...
Business Management –Recommended hours of teaching (Contd.)  Cost Accounting and     decision making        - 6 hours  M...
Business ManagementBooks RecommendedMAIN READING:   Management 6th Edition by James    A.F.Stoner & R. Edward Freeman  P...
Business ManagementBooks Recommended            MAIN READING (Contd.)   Management Accounting 3rd Edition    by T. Lucey ...
Business ManagementBooks Recommended –Supplementary Reading    Management by Cole    Marketing Management 9th edition   ...
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It3401a

  1. 1. PREPARING FOR THE IT3401 Business Management bm@ict.cmb.ac.lk
  2. 2. OPTIONAL PAPERS OFFERED for Year 2 Semester 3 BUSINESS MANAGEMENT OPERATIONAL RESEARCH WEB DEVELOPMENT TECHNIQUES
  3. 3. Optional Paper –BUSINESS MANAGEMENT INTRODUCTORY NOTE
  4. 4. What is BUSINESS MANAGEMENT• The subject Business Management will impart knowledge that is necessary to manage the total functions of a business in an efficient and effective manner.
  5. 5. OBJECTIVES OF THIS MODULE Improve management skills Understand a basic marketing plan Understand and interpret financial statements Contd…..
  6. 6. Objectives of this module (Contd.) Apply cost accounting principles in decision making Apply economic principles in businesses operations Apply an effective inventory control system Contd…….
  7. 7. Areas covered in BUSINESS MANAGEMENT• MANAGEMENT• MARKETING• FINANCIAL ACCOUNTING• MANAGEMENT ACCOUNTING• ECONOMICS
  8. 8. MANAGEMENT Evolution of Management The Management process Schools of thought and management theories Managerial Roles & Skills Roles of a manager Management skills Challenges of management
  9. 9. MANAGEMENT (Contd.) Planning, Organizing, Leading, & Controlling Major functions in Management The formal planning process and strategic planning. Basics in organizing. Leadership as a function of management. Control Function
  10. 10. MANAGEMENT (Contd.) Organizational Structure & Behaviour Organizational structures Co-ordination, communication, delegation and empowerment Concept of Centralization and De- centralization
  11. 11. MANAGEMENT (Contd.)Motivation & Leadership Content, Process, and reinforcement theories Theories in leadership Trait, Behavioural and contingency approaches
  12. 12. MARKETING Basic principles in marketing Marketing mix Process of segmentation targeting, and positioning Basic Product life cycles and BCG Matrix How to develop a marketing strategy
  13. 13. FINANCIAL ACCOUNTINGFinancial Accounting Principles The principles and conventions in financial accounting Different forms of ownership in business entities
  14. 14. Financial Accounting (Contd.)Double Entry Principles of Double Entry Writing up the ledger accounts Extraction of the Trial Balance
  15. 15. Financial Accounting (Contd.)Preparation of Final Accounts Profit & Loss Account Concepts behind a Profit & Loss Account Preparation & interpretation of a Profit & Loss A/c.
  16. 16. Financial Accounting (Contd.)Preparation of Final Accounts Balance Sheet Concepts behind a Balance Sheet Preparation and interpretation of a Balance Sheet
  17. 17. MANAGEMENT ACCOUNTINGRatio Analysis The use of ratios to interpret financial statements Different ratios commonly used.
  18. 18. Management Accounting (Contd.)Cost Accounting and Decision Making The basic cost accounting principles Relevance to pricing of products/services
  19. 19. Management Accounting (Contd.)Inventory Control Different types of Inventory costs Stock Control methods Stock Pricing methods Economic Order Quantity (EOQ)
  20. 20. ECONOMICSManagerial Economics Basic theories of Economics Demand and Supply Different types of markets Principles of costs – Short-run/Long-run Basic Macro Economic principles
  21. 21. Why Select Business Management Help in the future career path by giving a better understanding of the business world Ability to communicate with businesses
  22. 22. How will BUSINESS MANAGEMENThelp you in other areas  Develop IT Solutions for Organisations  Provide Background knowledge to be an entrepreneur
  23. 23. Develop IT Solutions for Organisations  Organisations require IT Solutions to: Reduce Operational costs Speed up operations Ready access to any managerial information Low cost production Facilitate Value for money pricing Improve Profitability
  24. 24. Provide Background knowledge to be anentrepreneur Cost product/service Price product/service Develop a marketing strategy Compare performance with that of your Competitors Prepare a budget Evaluate performance – both marketing and financial
  25. 25. Business Management skills will help inunderstanding to:  Identify the problems faced by a business  Take timely decisions for corrective action  Steer the Organisation to success
  26. 26. Examination- Year 2- Semester 3Optional Paper – Business ManagementExamination Paper will be for 3 hours: Part 1 – 1.5 hours Multiple Choice Questions Part 2 – 1.5 hours Structured Questions. A Case Study
  27. 27. Business Management –Recommended hours of teaching Evolution of Management - 4 hours Managerial roles and skills – 3 hours Planning, Organising, Leading and Controlling - 5 hours Organizational Structure & Behaviour - 4 hours Marketing - 6 hours Motivation and Leadership- 5 hours
  28. 28. Business Management –Recommended hours of teaching (Contd.) Financial Accounting - 2 hours Double Entry - 2 hours Balance Sheet - 2 hours Profit & Loss Account - 2 hours Ratio Analysis - 4 hours
  29. 29. Business Management –Recommended hours of teaching (Contd.) Cost Accounting and decision making - 6 hours Managerial Economics - 12 hours Inventory Control - 3 hours TOTAL 60 HOURS
  30. 30. Business ManagementBooks RecommendedMAIN READING:  Management 6th Edition by James A.F.Stoner & R. Edward Freeman Principles of Marketing (8th edition) by Philip Kotler & Gary Armstrong Spicer & Pegler’s Book-Keeping and Accounts 19th edition by Paul Gee
  31. 31. Business ManagementBooks Recommended MAIN READING (Contd.)  Management Accounting 3rd Edition by T. Lucey An Introduction to Positive Economics 6th Edition by Richard G. Lipsey Quantitative Techniques 4th Edition (Chapter 11 to 14) by T. Lucey
  32. 32. Business ManagementBooks Recommended –Supplementary Reading  Management by Cole  Marketing Management 9th edition by Philip Kotler  Costing –An Instructional Manual 2nd Edition by T. Lucey Quantitative Methods Management 1st Edition by K.R.M.T.Karunaratne

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