IT3401 Business Management bmict'cmb'ac'lk

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PREPARING FOR THE
IT3401 Business Management bm_at_ict.cmb.ac.lk
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OPTIONAL PAPERS OFFERED for Year 2 Semester 3

• BUSINESS MANAGEMENT
• OPERATIONAL RESEARCH
• WEB DEVELOPMENT TECHNIQUES

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Optional Paper BUSINESS MANAGEMENT INTRODUC
TORY NOTE
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• 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.

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• OBJECTIVES OF THIS MODULE
• Improve management skills
• Understand a basic marketing plan
• Understand and interpret financial statements
• 
  Contd..

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• 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.

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• Areas covered in BUSINESS MANAGEMENT
• MANAGEMENT
• MARKETING
• FINANCIAL ACCOUNTING
• MANAGEMENT ACCOUNTING
• ECONOMICS

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• 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

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• 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

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• MANAGEMENT (Contd.)
• Organizational Structure Behaviour
• Organizational structures
• Co-ordination, communication,
• delegation and empowerment
• Concept of Centralization and De-
• centralization

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• 
  MANAGEMENT (Contd.)
• Motivation Leadership
• Content, Process, and reinforcement
• theories
• Theories in leadership
• Trait, Behavioural and contingency approaches

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• 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

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• FINANCIAL ACCOUNTING
• Financial Accounting Principles
• The principles and conventions in
• financial accounting
• Different forms of ownership in
• business entities

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• Financial Accounting (Contd.)
• Double Entry
• Principles of Double Entry
• Writing up the ledger accounts
• Extraction of the Trial Balance

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• Financial Accounting (Contd.)
• Preparation of Final Accounts
• Profit Loss Account
• Concepts behind a Profit Loss Account
• Preparation interpretation of a Profit Loss
  A/c.

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• Financial Accounting (Contd.)
• Preparation of Final Accounts
• Balance Sheet
• Concepts behind a Balance Sheet
• Preparation and interpretation of a Balance
  Sheet

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• MANAGEMENT ACCOUNTING
• Ratio Analysis
• The use of ratios to interpret
• financial statements
• Different ratios commonly used.

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• Management Accounting (Contd.)
• Cost Accounting and Decision Making
• The basic cost accounting
• principles
• Relevance to pricing of
• products/services

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• Management Accounting (Contd.)
• Inventory Control
• Different types of Inventory costs
• Stock Control methods
• Stock Pricing methods
• Economic Order Quantity (EOQ)

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• 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

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• Why Select Business Management
• Help in the future career path by giving
• a better understanding of the business
• world
• Ability to communicate with businesses

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• How will BUSINESS MANAGEMENT help you in other
  areas
• Develop IT Solutions for
• Organisations
• Provide Background knowledge to
• be an entrepreneur

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• 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

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• Provide Background knowledge to be an
  entrepreneur
• 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

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• Business Management skills will help in
  understanding to
• Identify the problems faced by a
• business
• Take timely decisions for
• corrective action
• Steer the Organisation to success

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• Examination- Year 2- Semester 3
• Optional Paper Business Management
• Examination Paper will be for 3 hours
• Part 1 1.5 hours
• Multiple Choice Questions
• Part 2 1.5 hours
• Structured Questions.
• A Case Study

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• 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

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• 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

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• 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

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• Business Management
• Books Recommended
• MAIN READING
• Management 6th Edition by James
• A.F.Stoner R. Edward Freeman
• Principles of Marketing (8th edition)
• by Philip Kotler Gary Armstrong
• Spicer Peglers Book-Keeping and
• Accounts 19th edition by Paul Gee

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• Business Management
• Books 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

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• Business Management
• Books 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