Topics
Nature and Significance of Management
- Case Study: Tata Group – Excellence in Management
- Concept of Management
- Characteristics of Management
- Objectives of Management
- Importance of Management
- Nature of Management
- Management as an Art
- Management as a Science
- Management as a Profession
- Levels of Management
- Functions of Management
- Coordination as an Essence of Management
- Management in the Twenty-First Century
Principles and Functions of Management
Business Finance and Marketing
Principles of Management
- Case Study: Toyota's Guiding Principles of Management
- Evolution of Management Principles
- Concept of Management Principles
- Nature of Management Principles
- Significance of Management Principles
- Taylor's Scientific Management Theory
- Principles of Scientific Management
- Techniques of Scientific Management> Functional Foremanship
- Techniques of Scientific Management> Standardisation and Simplification of Work
- Techniques of Scientific Management> Differential Piece Wage System
- Fayol’s Principles of Management
- Comparison of Taylor's and Fayol’s Principles.
Business Environment
- Case Study: Dharamveer Kamboj's Entrepreneurial Journey
- Concept of Business Environment
- Importance of Business Environment
- Dimensions of Business Environment
- External Factors> Economic Environment
- External Factors> Social Environment
- External Factors> Technological Environment
- External Factors> Political Environment
- External Factors> Legal Environment
- Economic Environment in India
- The 1991 Economic Crisis and Reforms
- Liberalisation
- Privatisation
- Globalisation
- Demonetisation
Planning
Organising
- Case Study: Wipro's Organisational Restructuring for Growth
- Organising
- Steps in the Process of Organising
- Importance of Organising
- Structure of Organisation
- Types of Organisation Structure > Functional Structure
- Types of Organisation Structure > Divisional Structure
- Comparison Between Functional Structure and Divisional Structure
- Formal Organisation
- Informal Organisation
- Comparison between Formal Organisation and Informal Organisation
- Concept of Delegation of Authority
- Concept of Decentralization
- Comparison Between Delegation and Decentralization
Staffing
- Case Study: Management of Human Resources at Infosys
- Staffing
- Staffing as Part of Human Resource Management
- Evolution of Human Resource Management
- Staffing Process
- Aspects of Staffing > Recruitment
- Sources of Recruitment
- Internal Sources
- External Sources
- Aspects of Staffing > Selection
- Aspects of Staffing > Training and Development
- Methods of Training
Directing
- Case Study: Leadership Development at Ford Motor Company
- Directing
- Principles of Directing
- Elements of Directing
- Supervision
- Motivation
- Motivation> Motivation Process
- Motivation> Importance of Motivation
- Motivation > Maslow’s Need Hierarchy Theory of Motivation
- Motivation> Financial and Non-Financial Incentives
- Leadership
- Communication
- Communication> Formal Communication
- Communication> Informal Communication or Grapevine
- Barriers to Communication
- Improving Communication Effectiveness
Controlling
Financial Management
- Case Study: Tata Steel–Corus Acquisition
- Concept of Business Finance
- Concept of Financial Management
- Financial Decisions> Investment Decision
- Financial Decisions> Financing Decision
- Financial Decisions> Dividend Decision
- Concept of Financial Planning
- Importance of Financial Planning
- Capital Structure
- Factors affecting the Choice of Capital Structure
- Fixed Capital
- Working Capital
Financial Markets
- Concept of Financial Market
- Money Market
- Capital Market
- Primary Market
- Secondary Market/Stock Exchange
- Distinction Between Capital Market and Money Market
- Distinction between Primary and Secondary Market
- Functions of Stock Exchange
- Trading Procedure of Stock Exchange
- Depository Services
- Demat System
- Securities and Exchange Board of India (SEBI)
Marketing Management
- Concept of Marketing
- Concept of Marketing Management
- Marketing vs. Selling
- Marketing Management Philosophies
- Functions of Marketing
- Concept of Marketing Mix
- Marketing Mix> Product
- Classification of Products> Consumer Products
- Classification of Products> Industrial Products
- Branding
- Packaging
- Labelling
- Marketing Mix> Pricing
- Marketing Mix> Physical Distribution
- Marketing Mix> Promotion
- Promotion Mix
- Advertising
- Personal Selling
- Sales Promotion
- Public Relations
- Distinction Between Advertising and Personal Selling
Marketing
- Concept of Financial Market
- Types of Financial Market
- Money Market
- Capital Market
- Primary Market
- Secondary Market/Stock Exchange
- Securities and Exchange Board of India (SEBI)
- Distinction Between Capital Market and Money Market
- National Stock Exchange of India (NSE)
- Overview of Marketing
Consumer Protection
- Case Study: Consumer Protection in Banking Services
- Concept of Consumer Protection
- Importance of Consumer Protection
- Consumer Protection Act, 2019
- Concept of Consumer
- Consumer Rights
- Responsibilities of Consumers
- Ways and Means of Consumer Protection
- Redressal Agencies Under The Consumer Protection Act
- Role of Consumer Organisations and NGO's
- Overview of Consumer Protection
Estimated time: 13 minutes
CBSE: Class 12
Meaning
- We generally come across hundreds of advertising messages every day about various products and services.
- Advertising is a commonly used tool of promotion.
- It is an impersonal, paid communication by marketers (sponsors) to promote goods or services.
- Common modes: newspapers, magazines, television, radio.
CBSE: Class 12
Features of Advertising
- Paid form: Sponsor bears the cost of communication.
- Impersonal: No face-to-face contact; it is a monologue, not a dialogue.
- Identified sponsor: Done by a known individual or company who pays for it.
CBSE: Class 12
Merits of Advertising
- Mass reach: Can reach a large number of people over a wide area (e.g., national daily reaching lakhs of subscribers).
- Enhances customer satisfaction and confidence: Buyers feel more comfortable and assured about product quality.
- Expressive medium: Use of art, computer designs, and graphics makes messages very attractive.
- Economical for large audience: Wide reach spreads cost, reducing per-unit cost of reach.
CBSE: Class 12
Objections to Advertising
Adds to cost:
- Criticism: Advertising increases product cost, leading to higher prices.
- Response: It increases demand and production, bringing economies of scale and lowering per unit cost.
Undermines social values:
- Criticism: Promotes materialism and discontent; shows lifestyles without social approval.
- Response: Informs buyers about improved products; final choice rests with buyers, who buy if needs are satisfied.
Confuses the buyers:
- Criticism: Many products make similar claims (e.g., detergents, toothpastes), confusing buyers.
- Response: Rational buyers can compare factors like price, style, size and analyse information before purchase, though some confusion may remain.
Encourages sale of inferior products:
- Criticism: Does not distinguish between superior and inferior products.
- Response: Quality is relative to economic status and preferences; buyers purchase if products suit their requirements, and false claims can be legally prosecuted.
CBSE: Class 12
Key Points: Advertising
- Advertising is a paid, impersonal method of promoting goods and services.
- Features: Paid by a sponsor, impersonal, and sponsored by an identified company.
- Merits: Wide reach, builds customer confidence, attractive, and cost-effective.
- Objection: Increases cost; Response: Higher demand reduces per-unit cost.
- Objection: May confuse buyers or promote inferior products; Response: Buyers can compare products, and false claims are punishable.
