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MANAGEMENT ( 17601)
(SEMISTER 6)
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2. Examination Scheme :-
Objective Paper:- 1 Hr 30 Min
Max Min- 20

3. Course Outcome.
C601.1-Describes the importance of Management Process in Business activities.

4. 1. OVERVIEW OF BUSINESS ( 04 marks)
1.1 Types of Business
1.2 Introduction to Industrial Sectors
1.3 Globalization

5. What do mean by Business?
An organization or economic system where goods and services are exchanged for one another or for money.
Every business requires some form of investment and enough customers to whom its output can be sold on a consistent basis in order to make a profit. 
Businesses can be privately owned, not-for- profit or state-owned.

6. Types of Business
Service
Trade
Manufacturing

7. 1.1. Types of Business 1.1.1. Service Industry: Transportation
Education
Tele-Communication(eg. BPO)
Health
Real Estate
Travel Toursim
Social and Personal Services

8. 1.1.2 Manufacturing Business
Steel
Leather
Mining
Fertilizers
Consumables
Automobile Sector
Furniture
Cellphones

9. 1.2 Industrial Sector Types of Industrial Sectors:- Cement Industry
Iron and Steel Industry
Automobile Industry
Paper Industry
Textile Industry
Jute Industry

10. Trade
This sector are basically concerned with the distribution of products i.e sale, transfer or exchange of goods to the consumers.
They are found in operating in the form of:-
Wholesale
Retail
Import and export
Investment Trusts

11. 1.3 Globalization What do you mean by Globalization ? What is LPG ?
General Agreement on Tariff And Trade( GATT)
WTO

12. GATT AND WTO
General Agreement on Tariffs and Trade (GATT) was a multilateral agreement regulating international trade.
 Purpose was the "substantial reduction of tariffs and other trade barriers and the elimination of preferences.”
It was signed by 23 nations in Geneva(Switzerland i.e HQ ) on October 30, 1947 and took effect on January 1,
It lasted until the signature by 123 nations in Marrakesh on April 14, 1994 of the Uruguay Round Agreements, which established the World Trade Organization (WTO) on January 1, 1995

13. WORLD TRADE ORGANIZATION (WTO)
WTO is the only global international organization dealing with the rules of trade between nations.
The goal is to help producers of goods and services, exporters, and importers conduct their business.

14. Globalization
Globalization is the process of transformation of a regional phenomenon into a global one.
It is a process by which the people of entire world are unified into a single society and function together.
The process of integrating national economics into international economy through trade, foreign investment, migration and spread of technology.

15. Advantages of Globalization
Market size is increased
Employment opportunities
Conquering foreign markets
Collaboration and Business Merging
Increase in FDI
Identity in Global Market
Overall Economic Development

16. Disadvantages of Globalization
Increase in Competition
Extreme Industrialization and effects on pollution
More automation reduced work force
Cheap foreign products available
Multinational are making Indian people habitial of using their products

17. Intellectual Property Rights (IPR)
Intellectual property (IP) is a legal concept which refers to creations of the mind for which exclusive rights are recognized.
Common types of intellectual property rights include copyright, trademarks, patents, industrial design rights, trade dress, and in some jurisdictions trade secrets.

18. Disinvestment
It is the action of an organization or government selling or liquidating an asset.
The primary objective is to maximize the return on investment (ROI) on expenditures related to capital goods, labor and infrastructure.

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