Industrial organization and management notes

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Module III

Industrial Organization and Management

Topic 1: Economics
Topic 2: Trade
Topic 3: Business Law
Topic 4: Management Principles
Topic 5: Project Planning and Management
Topic 6: Office Administration
Topic 7: Production Management
Topic 8: Plant Maintenance
Topic 9: Human Resource Management
Topic 10: Finance and Budgeting
Topic 11: Results Oriented Management
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1. Economics

• Definition of the term economics
• The concepts of economics
• The concept of production
• Relationship between value, utility and production
• Division of labour, specialization, automation and mechanization

2. Trade

• The concept of demand supply, price, trade demand, supply curves
• Demand supply and price
• The concept of money
• The role of banks and financial institutions
• Role of international trade and foreign exchange
• The role of the world bank, IMF and other development partners

3. Business Law

• Business Law and Company Law
• Liabilities of business
• Contacts and the law of contracts
• Legal position of a business
• Bankruptcy of a business winding up
• Legal position of a business

4. Management Principles

• Definition of Management
• Concepts of Management
• History and Evolution of mangement
• Types of management
• Functions of management
• Organization of Functions of management
• Advantages and disdvantages of organization management
• Basic principles of organization
• The concept of authority, responsibility and accountability
• Management by objective

5. Project Planning and Management

• Project management
• Project planning
• Critical path analysis
• Costing
• Resuorce loading and scheduling in a project
• Project activity costing and base lining
• Project process
• Project commissioning

6. Office Administration

• The office
• Functions of an office
• Office Equipment
• Office organization and administration

7. Prodution Management

• Production planning activities
• Production development
• Quality of a product control
• Statistical Quality control
• Control charts and sampling features
• Inspection
• Procedures for materials procurement and stores
• Work study
• Features and constraints of a production plant
• Plant location
• Types of production
• Plant layout