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Complete Details Of Bangalore University Mcom Notes

Complete Details Of Bangalore University Mcom Notes

Bangalore University Mcom Notes : The University has also established Gandhi Bhavan, Dr. B.R. Ambedkar Study and Research Centre, and Centre for Study on Social Exclusion and Inclusive Policy. Bangalore University has completed Fifty-two years of fruitful existence and has come to be hailed as one of the largest universities of Asia. Though originally intended to be a federal university, it has eventually emerged as an affiliating University. The University was first accredited in 2002 by NAAC with Five Star Status, re-accredited in the years 2008 and Nov. 2016 in 2nd and 3rd Cycles with ‘A’ Grade.

Complete Details Of Bangalore University Mcom Notes

Bangalore University Mcom Notes : Master of Commerce (MCom or M Comm; sometimes Magister Commercii) is a postgraduate master’s degree focusing on commerce-, accounting-, management- and economics-related subjects. Like the undergraduate Bachelor of Commerce, the degree is offered in Commonwealths nations.

Given this structure, the MCom differs from other business and management degrees: Its concentration on one area distinguishes it from generalist degrees, such as the MBA. Some universities offer the MCom in general management, although this is more similar to the Master of Management than to the MBA; see also Master of Business. As compared to specialised Professional degrees – such as the Master of Science in Finance or Master of Accounting – the MCom places more emphasis on theory, although sometimes less on practice; generally, though, there is a close correspondence between these degrees and the related MCom; see also Master of Science in Management.

Complete Details Of Bangalore University Mcom Notes

Bangalore University Mcom Notes : here we provide complete details Bangalore University Mcom Notes and study materials in pdf format. Download these Bangalore University Mcom Notes and read well.

Economics Notes Download

Management Note

 It is very difficult to give a precise definition of the term management. Different management author shave viewed management from their own angles moreover, during the evolutionary process of management different thinkers laid emphasis on different expects. For example, F.W. Taylor emphasized engineering aspects, Elton Mayo laid emphasis on human relations aspects, E.F.L, Brech,George R. Terry emphasis on, decision making aspect, Ralph Davis stresses leadership aspect and some other like Barry Rich man etc. emphasized integration or coordination aspect.
Some Important Definition of Management 
 1. Harold Koontz Management is the art of getting things done through and with people in formally organized groups.2. George R. Terry Management is a disconnect process consisting.
2. planning organizing activating and controlling performed to determine and accomplish the objectives by the use of people and resources.3. Donald J. Cough Management is the art and science of decision making and leadership.4. Mary Cushing Nile Good Management, or scientific management,achieves a social objective with the best use of human and material energy and time, and with satisfaction for the participants and the public.5. Henry Fayol To manage is to forecast, to plan, to organize, to command, to coordinate, and to control.6. Theo Hai mann and William Scott Management is a social and technical process which utilizes, resources, influences, human action and facilitates changes in order to accomplish organizational goals.Thus, the above definitions bring out t
  1.  It consists of planning, organizing staffing,leading decision making coordinating and controlling.
  2. It is concerned with getting done i.e.accomplished pre-determined objective by the use of people and resources. 
  3. It helps in the creation, direction, maintenance and operation of organization.
  4. It secures maximum benefits for the employer,the employees, and the community.
  5. Management simply means a specific process of planning, organizing, staffing directing and controlling the efforts of the people who are engaged in activities in business organization in order to attain predetermined objective of such organizations.
3. However, in the modern world good management is necessary for efficient and effective working of organization, along with technological advancements. Management is a wide term carrying several meanings, depending in the context in which it is used. Usually, the term management assumes three meanings, when it is used in three different senses as follows:1. Management as a Noun When used as a noun, management refers to managerial personnel, i.e. all those persons are concerned with getting things alone, through other people. Such persons are charged with some responsibility and are given some authority  responsibility of executing the policies and programs of an organization, and authority in order to discharge their responsibilities. In this sense,management include the Board of Directions

Money Banking and Finance Complete Notes

Money is very important and necessary to satisfy human wants. Man has been needy in every era due to which the collection and supply (receipts and payments) of money has been an essential part of human life. Different commodities have been used as money in different ages, like, stones, metals, animals, different eatables and minerals. The concept of money, its sources and uses have been passing through from the revolutionary stages along with the evolution of human culture. Even a good number of people directly started dealing in money e.g. merchants, gold smiths, and moneylenders etc. the concept of loan, interest, written documents a bill of e!change came into time light only because of them“rigin of the word. 

Business Mathematics & Statistics Notes

Mathematical statistics is the application of mathematics to statistics, which was originally conceived as the science of the state — the collection and analysis of facts about a country: its economy, land, military, population, and so on. Mathematical techniques which are used for this include mathematical analysis, linear algebra, stochastic analysis, differential equations, and measure-theoretic probability theory.

Statistical science is concerned with the planning of studies, especially with the design of randomized experiments and with the planning of surveys using random sampling. The initial analysis of the data from properly randomized studies often follows the study protocol. The data from a randomized study can be analyzed to consider secondary hypotheses or to suggest new ideas. A secondary analysis of the data from a planned study uses tools from data analysis.

Data analysis is divided into:

  • descriptive statistics – the part of statistics that describes data, i.e. summarises the data and their typical properties.
  • inferential statistics – the part of statistics that draws conclusions from data (using some model for the data): For example, inferential statistics involves selecting a model for the data, checking whether the data fulfill the conditions of a particular model, and with quantifying the involved uncertainty (e.g. using confidence intervals).

While the tools of data analysis work best on data from randomized studies, they are also applied to other kinds of data — for example, from natural experiments and observational studies, in which case the inference is dependent on the model chosen by the statistician, and so subjective.

Mathematical statistics has been inspired by and has extended many options in applied statistics.

Human Resource Management (HRM) – Definition and Concept

In this article, we look at the question “what is HRM ?” by giving a broad overview of the topic and introducing the readers to the practice of HRM in contemporary organizations. Though as with all popular perceptions, the above imagery has some validity, the fact remains that there is much more to the field of HRM and despite popular depictions of the same, the “art and science” of HRM is indeed complex. We have chosen the term “art and science” as HRM is both the art of managing people by recourse to creative and innovative approaches; it is a science as well because of the precision and rigorous application of theory that is required.

As outlined above, the process of defining HRM leads us to two different definitions. The first definition of HRM is that it is the process of managing people in organizations in a structured and thorough manner. This covers the fields of staffing (hiring people), retention of people, pay and perks setting and management, performance management, change management and taking care of exits from the company to round off the activities. This is the traditional definition of HRM which leads some experts to define it as a modern version of the Personnel Management function that was used earlier.

The second definition of HRM encompasses the management of people in organizations from a macro perspective i.e. managing people in the form of a collective relationship between management and employees. This approach focuses on the objectives and outcomes of the HRM function. What this means is that the HR function in contemporary organizations is concerned with the notions of people enabling, people development and a focus on making the “employment relationship” fulfilling for both the management and employees.

These definitions emphasize the difference between Personnel Management as defined in the second paragraph and human resource management as described in the third paragraph. To put it in one sentence, personnel management is essentially “workforce” centered whereas human resource management is “resource” centered. The key difference is HRM in recent times is about fulfilling management objectives of providing and deploying people and a greater emphasis on planning, monitoring and control.

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