UNIT 1 BUSINESS ORGANISATION AND MANAGEMENT Business Fundamentals Meaning of Business FREE Characteristics of Business FREE Divisions of Business: Industry FREE Divisions of Business: Commerce FREE Divisions of Business: Trade FREE Objectives of Business Social Responsibilities of Business Business Ethics Corporate Governance Evolution of Business Forms of Business Organisation Sole Proprietorship Hindu Undivided Family (HUF) Partnership Limited Liability Partnership (LLP) Joint Stock Company Co-operative Organisation Government Organisation Comparison of Forms of Business Organisation Advantages & Disadvantages of Different Business Forms Selection Criteria for Form of Business Organisation Business Location and Combinations Factors Influencing Location of a Plant Meaning of Business Combinations Types of Business Combinations Forms of Business Combinations Advantages and Limitations of Business Combinations Small Businesses and Groups Micro Enterprises – Features and Role Small Enterprises – Features and Role Medium Enterprises – Features and Role Self Help Groups – Concept and Importance Management Concepts Meaning and Nature of Management Levels of Management Evolution of Management Thought Planning – Definition and Process Decision Making – Types and Process Organising – Principles and Process Power and Authority – Concepts and Types Coordination – Meaning and Importance Staffing – Process and Functions Directing – Elements and Importance Functions of Management: Motivation, Leadership, Communication, and Controlling