Soc 426, social legislation and social policy csun, department of sociology lecture notes on strategic planning what is strategic planningor, put another way, what are the elements of a strategic plan. Political elites sit at the top of the triangle and at the base are those who dominate. Do you think that certain principles should be followed when running a business. Practical dos and donts in preparing a business plan. Macro policies i provide framework within which specific. Hi fellow law students, i am sharing lecture notes in ebook format pdf for the subject business law for llb and ba. 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 longrun. Bvp bba business policy and strategic management 6th semester 20112014 question papers bvimr commerce notes edurev notes for commerce is made by best teachers who have written some of the best books of commerce. Download mba strategic management lecture notes pdf. A want on the other hand is something we would like to have but is not essential for living computer games, designer clothing, cars etc. The primary purpose of a business meal is to conduct university business with guests or other employees of the university.
In general words we can say business environment is the surroundings in which business exists. Strategic management lecture notes,ebook,pdf download for. Acquire a knowledge of the legal environment in which businesses operate in the domestic and international. Also, since it is a business document, make it look like one. Define products and services in each line of business once lines of business have been tested for relevance to the mission statement, the next step is to subdivide those that are relevant into their component products and services. Bachelor of business administration is a very popular undergraduate degree in india. Business policy and strategy bba study notes strategic.
Posted in lecture notes leave a reply chapter 6 strategy analysis and choice. At this stage the notes have no historical accounts and hardly references. Observe proper margins, and use the right font and spacing. Notes for a course in development economics debraj ray version 3. Fairness is indeed a very important and very influential tax policy principle, but it is just one of several other important concepts guiding good tax policy.
Faculty and staff should show prudence and fiscal responsibility in providing stanfordpaid meals during the conduct of stanford internal meetings during the work day. The implementation encloses all actions that take place during the realisation of the plans, i. Business policy offers guidelines for managers to take appropriate decisions. Business strategy lecture notes colbourne college on.
Business policy defines the scope or spheres within which decisions can be taken by the subordinates in an organization. Diploma in business administration part 2 principles of business law syllabus aims 1. What do you think is the difference between management and business administration. Free study notes for mba mca bba bca ba bsc bcom mcom msc. Oct 11, 2016 business policy and environment notes 1. Concept based notes business policy and strategic management. A strategic vision describe organizations aspirations for the business and provide view of the position where the organization is going. Credit policy is an important part of the overall strategy of a firm to market its products.
Business environment can be defined as the forces, factors and institutions with which the businessman has to deal with to achieve its objectives. Course notes strategic analysis lecture 2 chapter 1 business models vision, mission, values learning objectives. Special thanks is extended to those who participated in the case studies by sharing the details of their strategies. All these forces come under one word called environment. Their input, advice, and lessons learned, both successes and failures, have been incorporated into this document so that we may all apply better strategic management processes in our organizations. These are brief notes that will help to quickly revise your entire curriculum. There are many factors and forces which have considerable impact on any business. Explain the nature of business policy and strategic management. Marketing is the main function for keeping track of new product ideas. When market and competitive conditions take an unexpected turn or some aspect of a companys strategy hits a. Macro policies i provide framework within which specific policies are developed ii implemented through specific policies.
Hi fellas, check out this superb ebook on strategic management for mba and management students. The concept of strategy in business has been borrowed from military science and sports where it implies out maneuvering the opponent. Iron triangle or sub governmental model of agenda setting. Many students particularly from indian universities, business schools and. Lesson 1 business economics meaning, nature, scope and significance introduction and meaning. Mba strategic management lecture notes pdf download mba. As already observed, policies are basically formulated by the two management or the general management for guiding, directing and facilitating the thinking and acting process of the various functional executives, to ensure the best contribution towards the corporate objectives and goals. Posts about lecture notes written by kingfisherreigns. Accordingly, business meals include two or more persons. Jan 26, 2015 posts about lecture notes written by kingfisherreigns. It refers to those decision variables that influence the amount of trade credit i. The students will benefit by acquiring new ways and means of developing strategic decision making skills. It is the plan implemented by a company to generate revenue and make a. Bvp bba business policy and strategic management 6th semester.
Tactics is a scheme for a specific manoeuvre whereas strategy is the overall plan for deploying resources to establish a. Administration administration can be defined as the process of organizing resources efficiently to accomplish a goal. Master of business administration is one of the popular, twoyear professional courses which is the ever demanding one in india mba. Joe hadzima bio introduction to business plans what is it, why do i need it and what is it used for. Chapter 1 preface these notes are intended for the introductory. Strategic management lecture notes,ebook,pdf download for mba.
This section provides lecture notes from the course. Policy formulation and implementation 1 portal written. Customer segmentation and customer value proposition pdf 4. Bbastands for bachelor of bussiness administration. Free study notes for mba mca bba bca ba bsc bcom mcom. Notes of business policy and strategic management 1.
An economic policy is a course of action that is intended to influence or control the behavior of the economy. Business policy and strategic management central university of. Decision making means the process of selecting one out of. Business ethics please note that these notes are not comprehensive and therefore additional reading is recommended from diverse sources books ethics and mgmt by hosmer business ethics by shekher business ethics by chakrobarthy oxford publication syllabus 1. Policy formulation and implementation 6 portal written material implementation is normally regarded as a vital and often neglected phase of strategic planning. These lecture notes were prepared by xingze wang, yinghsuan lin, and frederick jao specifically for mit opencourseware. Where provisions of this policy are more stringent than the laws of a country, the policy provisions will prevail, unless doing so. Examples of economic policies include decisions made about government spending and taxation, about the redistribution of income from rich to poor, and about the supply of money. Depending on the business model and a type of business plan, you may need to include a. It includes competitive moves and business approaches that managers adopted because of satisfying the needs of the customer and to achieve objectives of the organization.
Lesson 1 business and its environment nature of business business may be understood as the organized efforts of enterprise to supply consumers with goods and services for a profit. Define strategic management and its four key attributes define. Pdf international business law notes constantine lycouris. Wage policy it states about the legal wage system such as the average wage that needs to be met and as well as the minimum wage. To understand any business the critical step is to explore all the factors related to business and properly judging its impact on the business. Khanchi business economics, also called managerial economics, is the application of economic theory and methodology to business.
Business policy and strategy bba study notes free download as word doc. Figures taken from london business schools masters in management 2010 employment report. Financial theory and corporate policy 2brealey and myers. Businesses vary in size, as measured by the number of employees or by sales volume. Introduction to business administration lesson 1 1. Jul 31, 2000 now in its sixth edition, business policy and strategy.
There are few lecture notes with me that i will share later. We will openly share this policy and guidance notes with contractors in our supply chain and with our clients, and we will encourage implementation within their supply chains. It becomes the definition of the company, the declaration of its corporate identity. Dont send concept notes just because you feel like doing so. The lecture notes are from one of the discussion sections for the course. Lecture notes principles of microeconomics economics. It is the plan implemented by a company to generate revenue and make a profit from operations. Find materials for this course in the pages linked along the left.
Free educational notes, video lectures and study material. Unit 4 business administration startup in class discuss these questions. Business refers to the economic activities concerned with the production and sale of goods and services for the purpose of earning profit. Policy space specific sectors to be applied ii geographical level of policies international, national, and local.
Business policy also deals with acquisition of resources with which organizational goals can be achieved. Before policymakers become too attached to fairness, there are other tax policy principles that are no less important to a good state and local revenue system. Check for errors and dont forget to include your name and contact information on the header. Acquire an understanding of the principles of common law system within the students own legal system and how it affects their business life. Strategy the theorys central management insight is about how a company can create value through the configuration and coordination of its multibusiness activities business policy refers to the. Johns university prentice hall boston columbus indianapolis new york san francisco upper saddle river amsterdam cape town dubai london madrid milan munich paris montreal toronto.
It is the reference for defining the scope of the companys business its productmarket. May 25, 2019 hi friends, i am sharing my lecture notes for the bba subject international business ib. Mba strategic management lecture notes pdf download mba 3rd. Mba full form is masters of bussiness administration. Find the best bba notes on all management subjects. It also discusses about how the wage meter depends on the level position or role. My goal in these notes is to talk about some of these chickenandegg situations, in which. Managerial as well as communication skills can be developed through bba course. A business manager may have a wide variety of responsibilities depending on the. There are several features that a business policy covers and the following are. Difference between business policy and strategic management. Economic policies are typically implemented and administered by the government. List of topics covered in international business ib notes for bba course.
Strategic management is a nonending process and its dynamic nature is what makes it perfect as a management template for modernday organizations. Download bba 1st year, 2nd year and final year notes bba from below provided links. Sep 22, 2015 bvp bba business policy and strategic management 6th semester 20112014 question papers bvimr commerce notes edurev notes for commerce is made by best teachers who have written some of the best books of commerce. Bba international business ib free pdf notes, ebook. The outcome of this approach is a deliberate policy of small strategic changes within the framework provided by a. The mba is a demanding and broadbased management degree.
Lesson 1 business economics meaning, nature, scope and. Wheelen formerly with university of virginia trinity college, dublin ireland j. The subtopics for each lecture are related to the chapters in the textbook. Bba stands for bachelor of bussiness administration. Lesson 1 business and its environment nature of business. Lecture notes strategic management i sloan school of. Things happen that cannot be fully anticipated or planned for. Bvp bba business policy and strategic management 6th. Shortterm loans and notes 0 0 0 current portion of longterm loan liabilities 200,000 216,584 0 total 200,000 216,584 0. Lecture notes nuts and bolts of business plans sloan.