CBSE Syllabus of BUSINESS STUDIES Class-12 for 2022-23 – (Code No. 054) is designed and prepared by CBSE. We are here to help students to find copies of the syllabus easily while visiting our website. Original source of data is https://www.cbse.gov.in/cbsenew/cbse.html
Rationale
The courses in Business Studies and Accountancy are introduced at + 2 stages of Senior Secondary Education as formal commerce education is provided after the first ten years of schooling. Therefore, it becomes necessary that instructions in these subjects are given in such a manner that students have a good understanding of the principles and practices bearing in business (trade and industry) as well as their relationship with society.
Business is a dynamic process that brings together technology, natural resources and human initiative in a constantly changing global environment. To understand the framework in which a business operates, a detailed study of the organisation and management of business processes and its interaction with the environment is required. Globalisation has changed the way organizations transact their business.
Information Technology is becoming a part of business operations in more and more organisations. Computerised systems are fast replacing other systems. E-business and other related concepts are picking up fast which need to be emphasized in the curriculum.
The course in Business Studies prepares students to analyse, manage, evaluate and respond to changes which affect business. It provides a way of looking at and interacting with the business environment. It recognizes the fact that business influences and are influenced by social, political, legal and economic forces.
It allows students to appreciate that business is an integral component of society and develops an understanding of many social and ethical issues.
Therefore, to acquire basic knowledge of the business world, a course in Business Studies would be useful. It also informs students of a range of study and work options and bridges the gap between school and work.
Objectives:
- To inculcate business attitude and develop skills among students to pursue higher education, the world of work including self-employment.
- To develop students with an understanding of the processes of business and its environment;
- To acquaint students with the dynamic nature and inter-dependent aspects of business;
- To develop an interest in the theory and practice of business, trade and industry;
- To familiarize students with theoretical foundations of the process of organizing and managing the operations of a business firm;
- To help students appreciate the economic and social significance of business activity and the social cost and benefits arising therefrom;
- To acquaint students with the practice of managing the operations and resources of business;
- To enable students to act more effectively and responsibly as consumers, employers, employees and citizens;
Course Structure Class-XII (2022-23) as per CBSE Syllabus of BUSINESS STUDIES Class-12 for 2022-23 – (Code No. 054)
| Theory: 80 Marks | 3 Hours |
| Project: 20 Marks |
| Units | Periods | Marks | |
| Part A | Principles and Functions of Management | ||
| 1 | Nature and Significance of Management | 12 | 16 |
| 2 | Principles of Management | 14 | |
| 3 | Business Environment | 12 | 14 14 |
| 4 | Planning | 14 | |
| 5 | Organising | 15 | 10 20 |
| 6 | Staffing | 16 | |
| 7 | Directing | 15 | |
| 8 | Controlling | 12 | |
| Total | 110 | 50 | |
| Part B | Business Finance and Marketing | ||
| 9 | Financial Management | 20 | 15 |
| 10 | Financial Markets | 18 | |
| 11 | Marketing Management | 30 | 15 |
| 12 | Consumer Protection | 12 | |
| Total | 80 | 30 | |
| Part C | Project Work (One) | 30 | 20 |
CBSE Syllabus of BUSINESS STUDIES Class-12 for 2022-23 – (Code No. 054)
Part A: Principles and Functions of Management
Unit 1: Nature and Significance of Management
| Concept | After going through this unit, the student/ learner would be able to: |
| Management – concept, objectives, and importance | Understand the concept of management. Explain the meaning of ‘Effectiveness and Efficiency. Discuss the objectives of management. Describe the importance of management. |
| Management as Science, Art and Profession | Examine the nature of management as a science, art and profession. |
| Levels of Management | Understand the role of top, middle and lower levels of management |
| Management functions-planning, organizing, staffing, directing and controlling | Explain the functions of management |
| Coordination- concept and importance | Discuss the concept and characteristics of coordination. Explain the importance of coordination. |
Unit 2: Principles of Management
| Principles of Management- concept and significance | Understand the concept of principles of management. Explain the significance of management principles. |
| Fayol’s principles of management | Discuss the principles of management developed by Fayol. |
| Taylor’s Scientific management- principles and techniques | Explain the principles and techniques of ‘Scientific Management’.Compare the contributions of Fayol and Taylor. |
Unit 3: Business Environment
| Business Environment- concept and importance | Understand the concept of ‘Business Environment’.Describe the importance of the business environment |
| Dimensions of Business Environment- Economic, Social, Technological, Political and Legal Demonetization – concept and features | Describe the various dimensions of ‘Business Environment’.Understand the concept of demonetization |
Unit 4: Planning
| Concept, importance and limitation | Understand the concept of planning. Describe the importance of planning. Understand the limitations of planning. |
| Planning process | Describe the steps in the process of planning. |
| Single-use and standing plans. Objectives, Strategy, Policy, Procedure, method Rule, budget and Programme | Develop an understanding of single-use and standing plans and describe objectives, policies, strategy, procedure, method, rule, budget and programme as types of plans. |
Unit 5: Organising
| Concept and importance | Understand the concept of organizing as a structure and as a process. Explain the importance of organising. |
| Organising Process | Describe the steps in the process of organizing |
| Structure of organisation- functional and divisional concept. Formal and informal organisation- concept | Describe the functional and divisional structures of the organisation. Explain the advantages, disadvantages and suitability of functional and divisional structure. Understand the concept of formal and informal organisation. Discuss the advantages and disadvantages of formal and informal organisation. |
| Organising Process | Describe the steps in the process of organizing |
| Structure of organisation- functional and divisional concept. Formal and informal organisation- concept | Describe the functional and divisional structures of the organisation. Explain the advantages, disadvantages and suitability of functional and divisional structure. Understand the concept of formal and informal organisation. Discuss the advantages and disadvantages of formal and informal organisation. |
| Delegation: concept, elements and importance | Understand the concept of delegation. Describe the elements of delegation. Appreciate the importance of Delegation. |
| Decentralization: concept and importance | Understand the concept of decentralisation. Explain the importance of decentralisation. Differentiate between delegation and decentralisation. |
Unit 6: Staffing
| Concept and importance of staffing | Understand the concept of staffing. Explain the importance of staffing |
| Staffing as a part of the Human Resource Management concept | Understand the specialized duties and activities performed by Human Resource Management |
| Staffing process | Describe the steps in the process of staffing |
| Recruitment process | Understand the meaning of recruitment. Discuss the sources of recruitment. Explain the merits and demerits of internal and external sources of recruitment. |
| Selection – process | Understand the meaning of selection. Describe the steps involved in the process of selection. |
| Training and Development – Concept and importance, Methods of training – on the | Understand the concept of training and development. |
| job and off the job – vestibule training, apprenticeship training and internship training | Appreciate the importance of training to the organisation and to the employees. Discuss the meaning of induction training, vestibule training, apprenticeship training and internship training. Differentiate between training and development. Discuss on the job and off the job methods of training. |
Unit 7: Directing
| Concept and importance | Describe the concept of directing. Discuss the importance of directing |
| Elements of Directing | Describe the various elements of directing |
| Motivation – concept, Maslow’s hierarchy of needs, Financial and non-financial incentives | Understand the concept of motivation. Develop an understanding of Maslow’s Hierarchy of needs. Discuss the various financial and non-financial incentives. |
| Leadership – concept, styles – authoritative, democratic and laissez-faire | Understand the concept of leadership. Understand the various styles of leadership. |
| Communication – concept, formal and informal communication; barriers to effective communication, how to overcome the barriers | Understand the concept of communication and understands the elements of the communication process. Discuss the concept of formal and informal communication. Discuss the various barriers to effective communication. Suggest measures to overcome barriers to communication. |
Unit 8: Controlling
| Controlling – Concept and importance | Understand the concept of controlling. Explain the importance of controlling. |
| Relationship between planning and controlling | Describe the relationship between planning and controlling |
| Steps in process of control | Discuss the steps in the process of controlling. |
Part B: Business Finance and Marketing
Unit 9: Financial Management
| Concept, role and objectives of Financial Management | Understand the concept of financial management. Explain the role of financial management in an organisation. Discuss the objectives of financial management |
| Financial decisions: investment, financing and dividend- Meaning and factors affecting | Discuss the three financial decisions and the factors affecting them. |
| Financial Planning – concept and importance | Describe the concept of financial planning and its objectives. Explain the importance of financial planning. |
| Capital Structure – concept and factors affecting capital structure | Understand the concept of capital structure. Describe the factors determining the choice of an appropriate capital structure of a company. |
| Fixed and Working Capital – Concept and factors affecting their requirements | Understand the concept of fixed and working capital. Describe the factors determining the requirements of fixed and working capital. |
Unit 10: Financial Markets
| Financial Markets: Concept | Understand the concept of financial market. |
| Money Market: Concept | Understand the concept of money market. |
| Capital market and its types (primary and secondary) | Discuss the concept of capital market. Explain primary and secondary markets as types of capital market. Differentiate between capital market and money market. Distinguish between primary and secondary markets. |
| Stock Exchange – Functions and trading procedure | Give the meaning of a stock exchange. Explain the functions of a stock exchange. Discuss the trading procedure in a stock exchange. Give the meaning of depository services and demat account as used in the trading procedure of securities. |
| Securities and Exchange Board of India (SEBI) – objectives and functions | State the objectives of SEBI.Explain the functions of SEBI. |
Unit 11: Marketing
| Marketing – Concept, functions and philosophies | Understand the concept of marketing. Explain the features of marketing. Discuss the functions of marketing. Explain the marketing philosophies. |
| Marketing Mix – Concept and elements | Understand the concept of marketing mix. Describe the elements of marketing mix. |
| Product – branding, labelling and packaging – Concept | Understand the concept of product as an element of marketing mix. Understand the concept of branding, labelling and packaging. |
| Price – Concept, Factors determining price | Understand the concept of price as an element of marketing mix. Describe the factors determining price of a product. |
| Physical Distribution – concept, components and channels of distribution | Understand the concept of physical distribution. Explain the components of physical distribution. Describe the various channels of distribution. |
| Promotion – Concept and elements; Advertising, Personal Selling, Sales Promotion and Public Relations | Understand the concept of promotion as an element of marketing mix. Describe the elements of promotion mix. Understand the concept of advertising. Understand the concept of sales promotion. Discuss the concept of public relations. |
Unit 12: Consumer Protection
| Concept and importance of consumer protection | Understand the concept of consumer protection. Describe the importance of consumer protection. Discuss the scope of the Consumer Protection Act, 2019 |
| The Consumer Protection Act, 2019: Source: http://egazette.nic.in/WriteReadData/2019/210422.pdf Meaning of consumer Rights and responsibilities of consumers Who can file a complaint? Redressal machinery Remedies available | Understand the concept of a consumer according to the Consumer Protection Act, 2019. Explain the consumer rights and understand the responsibilities of consumers understand who can file a complaint and against whom? Discuss the legal redressal machinery under Consumer Protection Act, 2019. Examine the remedies available to the consumer under Consumer Protection Act, 2019. |
| Consumer awareness – Role of consumer organizations and Non-Governmental Organizations (NGOs) | Describe the role of consumer organizations and NGOs in protecting consumers’ interests. |
Unit 13: Project Work
PROJECT WORK IN BUSINESS STUDIES FOR CLASS XI AND XII
Introduction
The course in Business Studies is introduced at Senior School level to provide students with a sound understanding of the principles and practices bearing in business (trade and industry) as well as their relationship with the society. Business is a dynamic process that brings together technology, natural resources and human initiative in a constantly changing global environment. With the purpose to help them understand the framework within which a business operates, and its interaction with the social, economic, technological and legal environment, the CBSE has introduced Project Work in the Business Studies Syllabus for Classes XI and XII. The projects have been designed to allow students to appreciate that business is an integral component of society and help them develop an understanding of the social and ethical issues concerning them.
The project work also aims to empower the teacher to relate all the concepts with what is happening around the world and the student’s surroundings, making them appear more clear and contextual. This will enable the student to enjoy studies and use his free time effectively in observing what’s happening around.
By means of Project Work the students are exposed to life beyond textbooks giving them opportunities to refer materials, gather information, analyze it further to obtain relevant information and decide what matter to keep.
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Objectives
After doing the Project Work in Business Studies, the students will be able to do the following:
- develop a practical approach by using modern technologies in the field of business and management;
- get an opportunity for exposure to the operational environment in the field of business management and related services;
- inculcate important skills of teamwork, problem-solving, time management, information collection, processing, analysing and synthesizing relevant information to derive meaningful conclusions
- get involved in the process of research work; demonstrate his or her capabilities while working independently and
- make studies an enjoyable experience to cherish.
That’s all about the CBSE Syllabus of BUSINESS STUDIES Class-12 for 2022-23 – (Code No. 054). You can download it from the official website https://www.cbse.gov.in/cbsenew/cbse.html