Indian Institute of Management Rohtak

Course Outline

Course Title: Introduction to Business Organization & Management

Credits: 1 (20 Sessions)
Type: Compulsory
Session Duration: 75 minutes
Term: I
Year: 2022
Faculty: Prof. M Goswami.

Introduction
The objective of this course is to provide main concepts of business organizations such as business
activities, different forms of business ownership, corporate social responsibility, business ethics,
international trade, management, human resource management, motivation and leadership. The students
will also be familiar about the functions of management, and they will be able to understand the strategic
management process and strategic alliances.
Course objectives
The specific objectives of the course are:
1) To know the concept of business organizations and spectrum of business activities
2) To understand different forms of business ownership and basic economies
3) To familiarize about managing strategy, organizational culture and entrepreneurship
4) To know about corporate social responsibility of business organisations and business ethics
5) To understand the concept of management
6) To know about human resource management, motivation and leadership
7) To familiarize about the functions of management
8) To understand the constraints and challenges for the global manager

Pedagogy
The pedagogy would be a mix of lectures, discussion, group exercises, assignments, quizzes.

Evaluation Scheme
 Quizzes: 10%
Class assignments: 10%
Mid-term exam: 30%
Final exam: 50%

References*
Textbook: Business in Action, Global Edition (9th Edt), Courtland L. Bovee & John V. Thill , 2020,
Pearson.
Reference Book: Management, Global Edition (15th Edt), Stephen P. Robbins & Mary Coulter, 2020,
Pearson.
Reference Book: Management, South-Western Cengage Publication (9th Edition). Richard L. Daft.
* Additional readings will be provided to the students in the class.
Session Plan

Topic No. of Sub-topics Activity

No. Sessions Topic

DEVELOPING A The concept of adding value in a Critical thinking and discussion

BUSINESS business organization and
1 1 (1) Think back to the last
MINDSET identifying the major types of
product you purchased; how
business.
Book: Chapter 1 did the companies involved
(Business in Action) in its creation and sales add
value in a way that
benefited you personally?
(2) Will you work for a non-
profit organization after you
graduate?

1 2 Book: Chapter 1 Major environments in which Discussion: As a manager what

(Business in Action) every business organization are the challenges that you are
operates, major functional areas likely to foresee in the business
in a business enterprise. environment?
QUIZ-1

UNDERSTANDING The concept of economics and Critical thinking and discussion

BASIC explaining why scarcity is central
2 3 1. Why is entrepreneurship
ECONOMIES to economic decision making,
considered a factor of
interaction between demand &
Book: Chapter 2 production?
supply
(Business in Action) 2. Why is GDP considered
a more accurate measure
of a country’s economic
health than GNP?

4 Book: Chapter 2 Identifying macroeconomic issues
(Business in Action) that are essential to understanding
the behavior of the economy and
major ways of measuring
economic activity.
THE GLOBAL The concept of international
MARKETPLACE trade, the nature of conflicts in
3 5
global business including free
Book: Chapter 3
trade and government
(Business in Action)
interventions into international
trade
6 Book: Chapter 3 Identifying major organizations
(Business in Action) that facilitate international trade,
cultural & legal differences in the
global business environment,
major forms of international
business activity.
BUSINESS The concept of corporate social
ETHICS AND responsibility, ethical decision
4 7
CORPORATE making, the role of business
SOCIAL organization in protecting the
RESPONSIBILITY natural environment
Book: Chapter 4
(Business in Action)
QUIZ- 2
Critical thinking and discussion
1. Are colleges and
universities an example of
pure competition or
monopolistic competition?
Why?
2. Are monopolies always
harmful to consumers? Why
or why not?
QUIZ-3
1. Case: Airbnb
Critical thinking and discussion
2. In the last major purchase
you made, did you take into
consideration whether the
product was made in the India
or another country? Does
country of origin matter to
you when you shop?
Case in point: McDonald’s
doing business in India.
Assignment 1 will be given
Critical thinking and discussion
(1) If you go to work tomorrow
morning and your boss asks you
to do something you consider
unethical, what factors will you
take into consideration before
responding?
(2) How can you balance the
business need to inspire
employees to compete
aggressively with the moral need
to avoid competing unethically?
QUIZ-4
 8 Book: Chapter 4 the concept of sustainability and
sustainable development,
(Business in Action)
responsibilities business
organizations have toward their
employees and consumers.
Critical thinking and discussion
(1) Should all industries be
required to meet the same levels
of pollution control? Why or
why not? (2) What do
stakeholders of the present owe
to stakeholders of the future?
QUIZ-5

FORMS OF Major forms of business Case: Saba

OWNERSHIP, ownership, the concept of
5 9 (1) Would you consider entering
ENTREPRENEURS corporate governance, mergers &
into a business partnership with
HIP AND SMALL- acquisitions, strategic alliances
your best friend? Why or why
BUSINESS and joint venture,
not?
OWNERSHIP
(2) Now turn the question
Book: Chapter 5
around: Would your best friend
(Business in Action) consider having you as a
business partner?
QUIZ-6

10 Book: Chapter 6 The concept of entrepreneurship, Critical thinking and Discussion

common traits of successful
(Business in Action) If you can’t land the right job
entrepreneurs, key elements in a
soon after graduation, would you
business plan, major causes of
consider starting a business?
business failures, franchising.
Why or why not?
QUIZ-7

FUNCTIONS OF The importance of managers, Class Activity

MANAGEMENT functions of management,
6 11 1. How much ready are you to
AND Mintzberg’s managerial roles,
become managers? (Self-
ORGANIZATIONS
assessment tool)
(Chapter 1): 2. Wedding planner event
Management by
QUIZ-8
Richard L. Daft

12 (Chapter 2) Management skills, the Critical thinking and Discussion

universality of management, the
Management by (1) Why is trust a vital
history of management
Richard L. Daft aspect of a manager’s
interpersonal skills? (2)
What are the risks of
poorly defining
problems or
opportunities before
 making decisions
QUIZ-9

CONSTRAINTS The concept of organizational How to set the culture for a

AND culture, current issues in startup?
7 13
CHALLENGES organizational culture
QUIZ-10
FOR THE
GLOBAL
MANAGER
Chapter 3: R L Daft

14 Chapter 4: R L Daft understanding the external Self-assessment tool

environment, the concept of
Rate your global management
global management,
potential
understanding the global
environment, managing in a QUIZ-11
global environment.

MANAGING The concept of strategic Assignment 2 will be given

STRATEGY management, the strategic
8 15
management process, identifying
Chapter 7:
vision, mission and strategy
Richard L Daft

16 Chapter 7: corporate strategies, competitive Group discussion: Identify a

Richard L Daft strategies, current strategic
management issues.
company of your choice (one
group one company) and discuss
about the strategies that led to its
success/ failure
QUIZ-12

HUMAN The concept of human resource Case: Commonwealth

RESOURCE management, recruitment, Worldwide Chauffeured
9 17
MANAGEMENT selection, orientation, employee Transportation (R L Daft)
AND training, employee performance
QUIZ-13
MOTIVATION management, contemporary
issues in managing human
Chapter 11:
resources
Richard L Daft

18 Basic Concepts of the concept of motivation, early Case: Workplace Bullies

Motivation theories of motivation, (Robbins book)
contemporary theories of
Chapter 7: QUIZ-14
motivation, current issues in
(Stephens Robbins)
motivation.

LEADERSHIP The definition of leadership, Class Activity

Early leadership theories,
contingency theories of
10 19 Chapter 12: leadership Are Leaders born or made Men
(Stephens Robbins) Make Better Leaders Than
Women

20 Leadership issues in the 21st General discussion

century including managing
QUIZ-15
power, developing trust,
empowering employees and
leading across cultures

KEY POINTS ABOUT THE COURSE:

 Attendance is important.
 All the presentations, extra materials provided by the instructor and all the terms & topics
covered in the class will be included in the exams.
 Assignments and class exercises will be given in the class.