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1.1.4 Characteristics of Management 1

PREFACE

This Book “Business Organization & Management”, Paper number BC-DSC-1.1, Semester-I, Core [UGCF-2022], Course of University of Delhi, is effective from Academic Year 2022-23. The aim of the course is to develop a good understanding of Business Organizations, its functions and challenges of Management. The syllabus contains contemporary topics, which are not only, the need of the hour, but also very pertinent, in the rapidly changing scenario in the industry. It will help readers to understand the evolution of Management and apprehend its effect on future Managers. It will be interesting to learn, as to how Organizations adapt to an uncertain environment and decipher decision making techniques, in this rapidly changing environment. The book will also be helpful to students in getting an insight into the entrepreneurship aspects. Accordingly, the focus in the book has been kept on giving fundamental clarity of each topic, covered under the syllabus. The entire chapter scheme is, as per the prescribed syllabus. All units have been written in very simple language, to enable students to comprehend and learn faster. Use of examples, diagrams and detailing has been done, in order to make reading easy and interesting. Summary and Questions have been included at the end of each chapter, to enable students to prepare well for the exams. The entire endeavour is not only to help students in updating their knowledge but also in making them better informed.

Some tips for the Teachers/Students [I] Make it a habit to read the business newspaper/watch business news, every day, to updates knowledge relating to changes taking place in the industry. [II] Connect every topic with an example or a real case. Identify all aspects of Management Concepts and dimensions with that topic. [III] Take up Case Studies at the end of every chapter, in order to enhance and facilitate the analytical abilities of the students. [IV] Give practical assignments, which will help in giving fundamental clarity of the topic, to students.

I.7

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