BITM Foundation of Business Management
bitmsemester 1
Foundation of Business Management
Subject Code: MGT 103
Course Title: Foundation of Business Management
Course No: MGT 103
Nature of Course: Theory & Practical
Full Marks: 60
Pass Marks: 30
Credit Hours: 3
Course Description
This course is designed to equip students to grasp the essential ideas, principles, and practices of business management, with special emphasis on how they apply in the business context. It introduces students to the evolution of management thinking, key management functions and roles managers, organizational structure, leadership, and decision-making process. Students will explore contemporary issues and challenges facing businesses and discover common management principles, while integrating perspectives from technology-driven business environment.
Course Objective
By the end of this course, students will be able to:
understand the evolution, concepts, and scope of management.
identify and analyze the core functions of management: planning, organizing, leading, and controlling.
apply management theories and principles in technology-driven business setting.
demonstrate decision-making and problem-solving skills relevant to organizational challenges.
evaluate ethical, cultural, and environmental considerations in technology-driven business sector.
Course Contents
| Course Contents | Teaching Methodology | Teaching Hours |
|---|---|---|
| Unit 1: Introduction to Business and Management (10 Hrs.) | ||
| Definition and nature of business, management, and business management | Lecture | |
| 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 | ||
| Unit 2: Planning, Decision-Making and Problem-Solving (8 Hrs.) | ||
| Nature and purpose of planning | Lecture | |
| 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 | ||
| Unit 3: Organizing (8 Hrs.) | ||
| Concept of organizing and principles | Lecture | |
| 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 | ||
| Unit 4: Leadership (10 Hrs.) | ||
| Concept and roles of leadership in organization | Lecture | |
| 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 | ||
| Unit 5: Controlling (6 Hrs.) | ||
| Nature and process of control | Lecture | |
| Types of control | ||
| Performance appraisal in technology-led business organizations | ||
| Transparency and accountability mechanisms and technology | ||
| Unit 6: Ethics, Social Responsibility, and Contemporary Issues (6 Hrs.) | ||
| Ethical principles in management | Lecture | |
| 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 |
Text Books
1. Charles, W. L. H., & Steven, L. M. (2008). Principles of Management. McGraw-Hill.
2. Stephen, P. R., & Mery, A. C. (2021). Management. Pearson.
3. Richard, L. D. (2024). Management. Cengage Learning.
4. Griffin, R. W. (2012). Management Principles and Applications. Cengage Learning.
5. Misra, R. K., Shrivastava, A., & Sijoria, C. (2023). Introduction to Technology, Management and Business: Evolving Perspectives. https://doi.org/10.1108/S1877-636120230000031001