BITM Foundation of Business Management

Definition and nature of business, management, and business management. Functions and roles of managers. Evolution of management thoughts (Classical, Behavioral, System and Contingency). Common management practices in technology-drive business. Emergence of technology use in business. Business environment analysis: acquaintance to task and general environment of business, industry analysis using Porter Model. Business Management and Technology interface.

Nature and purpose of planning. Types of plans. Planning process. Strategic vs operational planning. Planning frameworks in business organizations. Decision-making models. Steps in decision-making. Tools and techniques. Problem-solving using technology. Decision-making practices and challenges in Nepalese technology-led businesses.

Concept of organizing and principles. Organizational structures and architecture. Authority, responsibility and accountability. Delegation of authority. Departmentalization. Emerging issues in organizing. Problems and perspectives in organizing in technology-led business organizations.

Concept and roles of leadership in organization. Theories of leadership: behavioral theories (The Michigan, The Oho State & Managerial Grid), situational theories, emerging leadership theories and styles. Informal and Formal groups in organization. Role of leadership to make teams effective. Employee motivation practices and issues in Nepalese business organizations. Motivation theories (Maslow, Herzberg, McClelland, Equity). Communication in management. Meaning and importance of coordination. Issues of coordination in Nepalese business sector. Employee motivation through communication and coordination.

Nature and process of control. Types of control. Performance appraisal in technology-led business organizations. Transparency and accountability mechanisms and technology.

Ethical principles in management. Roots of unethical behavior. Corporate social responsibility. Arguments for social responsibility and Friedman doctrine. Technology driven management (AI, Big Data, digital transformation) for social responsibility. Technology for entrepreneurship and innovation in business management. ICT related contemporary issues in business management.