Business studies notes – University notes

BUSINESS STUDIES

This unit serves to discuss the issue that reconcile the business community and the society within it operates, from which it gets its human factor and other resources and to whom the business sells its products, services or ideas. Their co-existence has to be cordial and harmonious.

SUBJECT CONTENT

BUSINESS AND SOCIETY

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  • Changing concept and objectives of business
  • Social and ethical issues of business
  • Technological development and social change
  • Cultural lag

FORMS OF BUSINESS OWNERSHIP

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  • Types of business enterprises
  • Sole trader
  • Partnership
  • Cooperative society
  • Private Business Corporation
  • Companies
  • Joint sector
  • Mission and purpose
  • Goals
  • Determinants of organizational goals
  • Organizational and individual goals

FUNCTIONS OF MANAGEMENT

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PLANNING

  • Nature of Planning
  • Importance of planning
  • Forms of planning
  • Types of plans
  • Objectives of planning
  • Strategies in planning
  • Steps on planning
  • Limitations of planning
  • Making Planning effective
  • Strategic planning in Kenyan industry
  • Review questions

ORGANIZING

  • Meaning
  • Important of organizations
  • Process of organizing

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