Career Beauty With Business Study
When a student goes for business study, student can work independently
. And as a part of team. In this environment, to employ teaching methods and resources that allow all pupils (irrespective of their gender, ethnic origin, academic ability, etc.) to have equal access to Business Studies and to experience success and enjoyment in their Business Studies work. To develop an awareness in pupils of the implications of business and industry (past and present) for the individual, the community and the environment.
Communication is neither transmission of message nor message itself. It is the mutual exchange of understanding, originating with the receiver. Communication needs to be effective in business. Communication is essence of management. The basic functions of management (Planning, Organizing, Staffing, Directing and Controlling) cannot be performed well without effective communication. Business communication involves constant flow of information. Feedback is integral part of business communication. Organizations these days are very large. It involves number of people. There are various levels of hierarchy in an organization. Greater the number of levels, the more difficult is the job of managing the organization. Communication here plays a very important role in process of directing and controlling the people in the organization. Immediate feedback can be obtained and misunderstandings if any can be avoided. There should be effective communication between superiors and subordinated in an organization, between organization and society at large (for example between management and trade unions). It is essential for success and growth of an organization. Communication gaps should not occur in any organization.
Business Communication is goal oriented. The rules, regulations and policies of a company have to be communicated to people within and outside the organization. Business Communication is regulated by certain rules and norms. In early times, business communication was limited to paper-work, telephone calls etc. But now with advent of technology, we have cell phones, video conferencing, emails, satellite communication to support business communication. Effective business communication helps in building goodwill of an organization.
Business Communication can be of two types:
Oral Communication - An oral communication can be formal or informal. Generally business communication is a formal means of communication, like : meetings, interviews, group discussion, speeches etc. An example of Informal business communication would be - Grapevine.
Written Communication - Written means of business communication includes - agenda, reports, manuals etc.
Business Policy defines the scope or spheres within which decisions can be taken by the subordinates in an organization. It permits the lower level management to deal with the problems and issues without consulting top level management every time for decisions. Business policies are the guidelines developed by an organization to govern its actions. They define the limits within which decisions must be made. Business policy also deals with acquisition of resources with which organizational goals can be achieved. Business policy is the study of the roles and responsibilities of top level management, the significant issues affecting organizational success and the decisions affecting organization in long-run.
Features of Business Policy
An effective business policy must have following features-
Specific- Policy should be specific/definite. If it is uncertain, then the implementation will become difficult.
Clear- Policy must be unambiguous. It should avoid use of jargons and connotations. There should be no misunderstandings in following the policy.
Reliable/Uniform- Policy must be uniform enough so that it can be efficiently followed by the subordinates.
Appropriate- Policy should be appropriate to the present organizational goal.
Simple- A policy should be simple and easily understood by all in the organization.
Inclusive/Comprehensive- In order to have a wide scope, a policy must be comprehensive.
Flexible- Policy should be flexible in operation/application. This does not imply that a policy should be altered always, but it should be wide in scope so as to ensure that the line managers use them in repetitive/routine scenarios.
Stable- Policy should be stable else it will lead to indecisiveness and uncertainty in minds of those who look into it for guidance.
Difference between Policy and Strategy
The term policy should not be considered as synonymous to the term strategy. The difference between policy and strategy can be summarized as follows-Policy is a blueprint of the organizational activities which are repetitive/routine in nature. While strategy is concerned with those organizational decisions which have not been dealt/faced before in same form.
Policy formulation is responsibility of top level management. While strategy formulation is basically done by middle level management.
Policy deals with routine/daily activities essential for effective and efficient running of an organization. While strategy deals with strategic decisions. Policy is concerned with both thought and actions. While strategy is concerned mostly with action.
A policy is what is, or what is not done. While a strategy is the methodology used to achieve a target as prescribed by a policy. This Level 1 course is the first in our degree in business studies and is the recommended introductory course in business studies. It explores the question What is a business? and investigates the business functions of human resource management, accounting and finance, and marketing. Different internal and external elements of a business are introduced, and the context in which a business operates explained. Youll explore the common aims and characteristics of business investigating what makes them different. Business structures, cultures and functions are identified and the political, social, economic, technological and ethical considerations affecting business are introduced.
This course introduces you to the different internal and external elements of a business, helping you to understand the context in which a business operates. It explores common aims and characteristics of business and what makes them different. Business structures, cultures and functions are identified and the political, social, economic, technological and ethical considerations affecting business are introduced.
The course explores the question What is a business? and investigates the business functions of human resource management, marketing and accounting and finance. It consists of five study books:
What is a business?
An introduction to human resource management in business
An introduction to accounting and finance in business
An introduction to marketing in business
Different ways of looking at business.
Together with learning resources accessed through the website, these bring together all the various functional elements in an analysis of a business case study.
You will learn
In addition to improving your employ ability and awareness of business issues, the course will also help you to develop the necessary skills for studying at more advanced university levels.
Entry
This is a key introductory Level 1 course. Level 1 courses provide core subject knowledge and study skills needed for both higher education and distance learning, to help you progress to courses at Level 2.
It is for anyone with an interest in business. You do not require any work or management experience, previous educational qualifications or technical knowledge, but you will be expected to participate in some online work.
If you are new or a less confident learner, start with Understanding management (Y179). This is an Openings course, also at Level 1 but worth 15 credits. Designed with lots of support and no examination, it will give you a gentle introduction to this subject and to OU study. If you successfully complete this Openings course, youll be ready to study B120.
by: govindam
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