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What will a Bachelor with Honors in Management Studies or BMS degree help you with?

A student who completes graduation in BMS from Delhi University prepares a student to explore career opportunities in the ever growing management field. This full time program opens avenues for an individual to either start up a venture on own or join a corporate for good job opportunities. There are several features of management in an organization:

  1. Multidisciplinary in Nature
  2. Result – Oriented
  3. Continuous and never ending process
  4. Working as a team and not as an individual
  5. Management is a continuous and never ending process
  6. Aided but not replaced by the technology
  7. Management is an art of delegating responsibilities to help subordinates grow
  8. The predefined principles and rules are to be followed with professionalism
  9. Learning the multidisciplinary actions in an organization
  10. Dynamic in nature and intangible in services
  11. Management is both an art and science
  12. It’s separate from ownership and is prevalent to all

Various Functional Areas of Management

There are various departments in an organization which work in coordination with each other and are interdependent. To understand the processes involved in management, we have categorized the various functions in 4 heads, namely:

Marketing Management Production Management
Personnel Management Financial Management

(1)         Marketing Management: The management of distributing the product to the buyer is called marketing management. Marketing has certain sub areas like:

  • Advertising: This area deals with advertising of product, introducing new product in market by various means and encourage the customer to buy these products.
  • Sales management: Sales management deals with fixation of prices, actual transfer of products to the customer after fulfilling certain formalities and after sales services.
  • Market research: It involves in collection of data related to product demand and performance by research and analysis of market.

(2)    Personnel Management: Every organization needs manpower for proper functioning of the various departments and the processes involved. Given below are the sub areas of personnel management:

  • Recruitment & Selection: The role of recruitment personnel is to understand the needs of manpower in various departments so as to assign a resource to fulfill the role and responsibilities. It is also the responsibility to keep a track of the job description against which the vacancy has to be announced because only then it would be possible to employ a person suiting that role.
  • Training & Development:A recruitment personnel has to make arrangements to conduct training programs to make the employees competent to grow in the organization. These training programs also help in interacting with employees and understanding the challenges faced by an employee so as to help them in overcoming the issues.
  • Personnel Planning:This deals with preparation inventory of available manpower and actual requirement of workers in organization.
  • Remuneration Management: A human resource personnel has to deal with assessing the job, merit rating of jobs and making salary and incentive policy for employees.
  • Cordial Relations:To keep the employees work with zeal all the time, it is necessary to maintain a healthy and interactive relation with them, to provide them good working conditions and assist in the welfare of the employees.

(3)      Production Management: To make a product, a lot of controlling and coordinating of activities is required regarding the costs involved, the delivery schedules, the quality of the products produced, how wastage can be eliminated, and various other processes. There are various sub-areas under this department:

  • Production Planning: There are various policies and methods that are planned by the manager to  produce the product.
  • Research and Development: Before a product is to be produced or an idea has to be thought of, it is useful to perform research and development of the various methods or techniques involved. All the activities of manufacturing department are dealt here. Other processes involve improvement in existing processes or development of a new product.
  • Location and layouts: The production plant has to be set up and it is the responsibility of the production manager to design the layout of the same and decide about the locations depending on the suitability of the area according to the nature of the work.
  • Supervision of the material: This area deals with procurement, storage, issue and regulating of the material required for production department.
  • Quality Control: To ensure customer satisfaction, a product after it is produced goes through a lot of testing and measures. This is done to check if the quality of the product produced is up to the standards of what’s being promised to the customers.

(4)      Financial Management: The management, utilization and procurement of funds required for various processes are termed as financial management. The importance of this type of management lies in the fact that if funds are not managed properly, then, either there will be deficit or surplus of funds which would result in improper functioning of the business. The sub areas under this type of management are as follows:

  • Management Accounting: In order to take certain decisions on investment plans, return to investors and dividend policy, it is very much important to analyze and interpret financial records in an organization.
  • Financial Accounting: To understand the financial position of the organization, financial statements are required as they a record keeping for various financial transactions that take place.
  • Costing: Costing deals with recording of costs, their classification, analysis and cost control.
  • Taxation: This deals with various direct and indirect taxes which organization has to pay.

To conclude, we can say that an undergraduate course in management helps in attaining knowledge of each department and gives an exposure in theoretical terms of the various processes involved. This widens the scope of exploring job opportunities.

Have you started your preparations for BMS Entrance Exam?

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SmartPrep Team

Scope of Cyber Law

Cyber law is that stream of law where all the cyber-crimes such as theft, fraud, etc. all of which are subject to the Indian Penal Code are addressed by the Information Technology Act, 2000. With advanced technology and changing times, almost all the processes are now going on IT platform. This is giving rise to increase of cyber-crimes in India as well as abroad.

Cyber-crimes are broadly categorized in two different categories:

(1)   Using a computer to target other computer – for eg. Virus attacks, hacking, etc.

(2)   Using a computer to commit crimes – for eg. Credit card frauds, cyber terrorism, etc.

Cyber-crime is a criminal exploitation of the internet. A misconduct that is committed against an individual or groups of individuals with an unlawful intention to hurt the position of the victim or cause any mental or physical harm to the victim directly or indirectly by using advanced IT and related sources such as Internet and mobile phones is termed as cyber-crime. Such crimes may be harmful for a country.

All these activities leading to crimes have given rise to a relatively new field in law for protecting the interests of an individual which is called cyber law. Cyber law is important because it touches almost all aspects of transactions and activities on and concerning the Internet, the World Wide Web and Cyberspace.

Cyber law is concerned with every individual these days. This is primarily because we all use internet in some or the other form daily. Internet is used when we create any account online, while performing e-commerce transactions, net banking, sending or receiving emails, surfing the net to take out some important information, etc.

There are several advantages of Cyber Law to protect the individuals from getting trapped in any cyber violations. The IT Act 2000 provides several guidelines in this regard.

  • Organizations shall now be able to carry out e-commerce using the legal infrastructure provided by the Act.
  • The Act throws open the doors for the entry of corporate companies in the business of being Certifying Authorities for issuing Digital Signatures Certificates.
  • Under the IT Act, 2000, it shall now be possible for corporates to have a statutory remedy in case if anyone breaks into their computer systems or network and cause loss.
  • The Act now allows Government to issue notification on the web thus indicating e-governance.
  • The IT Act also addresses the important issues of security, which are so critical to the success of electronic transactions.

It is to be noted that since cyber law cannot be restricted to a geographical area, therefore, a single transaction may involve the laws of at least three authorities: (1) the laws of the state/nation in which the user resides, (2) the laws of the state/nation that apply where the server hosting the transaction is located, and 3) the laws of the state/nation which apply to the person or business with whom the transaction takes place.

There is a tremendous scope of cyber law in India as the number of activities through internet is on increase with the changing times, the requirement for cyber laws and their application is gathering momentum and hence the career option as a cyber-lawyer seems very lucrative option for students.

The requirements of being a successful cyber lawyer:

  • Capability of analyzing a problem along with a deep understanding of the subject.
  • Good observer and ready to accept challenges
  • The person should be technically aware of the changes taking place in the IT sector.
  • Being quick and concerned to look at the web as an information provider are the other two qualities.

As for this branch of law is concerned, there are several job opportunities which are on its way for students who aspire to be into cyber law. One can join as a cyber-consultant in an IT firm, police departments or in banks, or as research assistants in a law firm, or a technology firms, or as advisers to web developers, in the ministry of information & technology or in corporate houses.

If you are still confused about choosing cyber law as your main stream career option or you are still not aware of the scope of cyber law, come and meet us and we would be able to guide you on the future prospects of cyber law in India and abroad.

Best Wishes,

SmartPrep Team

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