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Indicative Contents

Business concept: Meaning of business - Basic elements of business – Features of business – Branches and their place in the economy – Business environment – Business size – Location of business – Social responsibility of the business and its implications.

 

Business organizations: Forms of business ownership in Bangladesh – Relative position of each form of ownership – Sole proprietorship – Partnership – Join stock company – cooperative and state ownership – Consideration of the choice of specific ownership.

 

Business environment: Business environment and its components – Managing within the dynamic business environment – social, cultural, technological, legal and fiscal – The role of government and buyers – how economics affects business – the economic system – Capitalism – Communism – Socialism – Modern economic system – Market economy.

 

Formation of Join-Stock Companies in Bangladesh: Phase of development – Formation of memorandum of Association and Article of association – prospectus – rights and obligation of the share holders, Directors and Government – Liquidation of a company.

 

State Enterprise: Historical background – Fields of state enterprise – Importance – Success and failures – Proposals of improvement.

 

Cooperative Societies in Bangladesh: Development – types (industrial, commercial, and service sector societies) – Role of each type – Formation – Problems and approaches to solve problems.

 

Institutions for promotion of Business: Support service of government institutions – Chamber of commerce and industry – Federation of chamber of commerce and industry – Trade Association – The Dhaka stock exchange – Chittagong stock exchange – Board of investment – Privatization board – Export promotion bureau – Export processing zone.

 

Trade practices in Bangladesh: Commercial policy - Import procedure – Export procedure – Formalities – Problems and measures to overcome the problems – Documents used in trade – LC – Shipping documents – Commercial advice.    

Introduction to Business

Introduction to Business. 3 hours credit. This course will enable the student to learn about the stock market, personnel management, leadership and motivational techniques. This course is a survey of the functions of business, a comparison of the forms or organizations and methods of administration and the interdependence of production, distribution and finance in modern business.

 

Course Relevance: The principles learned in this course will allow the student to understand the various forms of business domestically and globally. The principles are relevant for everyone, from those entering the workforce for the first time to aspiring entrepreneurs.

 

Required Materials:

  1. Steven J. Skinner and Johm. M. Ivancevich, Business for the 21st Century, (Latest edition), IRWIN, IL, USA

  2. Mohammad Bodiruzzaman and Mohammad Mosharraf Hoosain, Introduction to Business: In the context of Bangladesh, 2012 edition, Synergy Publishing House, Dhaka, Bangladesh

 

Learning Outcomes: The intention is for the student to be able to:

  1. Demonstrate an understanding of global competition

  2. Value diversity and its impact on business

  3. Understand the stock market

  4. Identify ways to improve employee morale and customer satisfaction

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FORM OF EVALUATION

Class Assignments and Homework:

The cases, problems, and exercises assigned are to be done completely, neatly and on time according to the more complete instructions given in class at the time of the assignments. The class work and assignments must be kept in a notebook which may be checked periodically. The notebook will serve as a cross check against instructor records.

 

Term Project Presentation:

The term project, on an approved management topic, will be due when indicated.

 

Examinations:

The examinations may consist of multiple choice, true/false, and essay questions which measure the ability to know and apply principles of good management. Other types of questions may be included. The questions will cover the lectures, class discussions, activities, exercises, and textbooks. The mid-term and final may include multiple choice questions on the test as well as application exercises.

 

STUDENT PREPARATION

Students are expected to have all lessons, papers, presentations, etc., prepared on the dates (to be announced), to come class with the required materials, to take notes, and to read the assignments by the dates due. Assignments turned in late will receive one-half grade lower than they would earn if on time.

 

LEARNING ACTIVITIES

Independent and collaborative learning activities will be assigned within and outside the classroom to assist the student to achieve the intended learning outcomes. Class discussions, lecture, written assignments, stock market analysis will also contribute to the learning process.

 

GRADE DETERMINATION

The student will be graded on satisfactory completion of in-class assignments, homework, quizzes/case study, presentation and exams.

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