Business Administration Lectures
 /  Business Administration Lectures
  1. BUS102 – Business Management – Lecture 1

    Vincent Afure Akpotor

    MEANING AND CONCEPTS Management means different things to different people. It is a term used to describe the process whereby resources of all kinds are utilized for the purpose of achieving objectives in any social system. Management may also be used to refer to a body of people who have primary responsibility to ensure that the efforts of a group are harnessed and directed toward the achievement of predetermined objectives.

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  2. BUS102 – Business Management – Lecture 2

    Vincent Afure Akpotor

    BUSINESS ENVIRONMENT The combination of internal and external factors that influence a company's operating situation. The business environment can include factors such as: clients and suppliers; its competition and owners; improvements in technology; laws and government activities; and market, social and economic trends.

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  3. BUS102 – Business Management – Lecture 3

    Vincent Afure Akpotor

    SOCIAL RESPONSIBILITIES OF BUSINESS You know that business is an economic activity, which is carried out on a regular basis to earn profit. However, you must have seen businessmen spending money on different aspects, which is not going to give them any profit straightway. For example, you must have seen businessmen maintaining and developing gardens and parks on streets and squares in cities.

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  4. BUS102 – Business Management – Lecture 4

    Vincent Afure Akpotor

    THE ROLES OF THE MANAGER The manager performs many roles in the process of carrying out his/her duties. These arise because of his position as a manager. Manager’s role is very crucial in an organization. The success of organization depends upon manager’s ability in utilizing the resources for achieving the pre determined goals.

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  5. BUS102 – Business Management – Lecture 5

    Vincent Afure Akpotor

    COMMUNICATION IN MANAGEMENT Communication is neither transmission of message nor message itself. It is the mutual exchange of understanding, originating with the reciever. Communication needs to be effective in business. Communication is essence of management. The basic functions of management (Planning, Organizing, Staffing, Directing and Controlling) cannot be performed well without effective communication. Business communication involves constant flow of information. Feedback is integral part of business communication.

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  6. BUS102 – Business Management – Lecture 6

    Vincent Afure Akpotor

    LEADERSHIP AND LEADERSHIP STYLES Leadership style is the manner and approach of providing direction, implementing plans, and motivating people. Kurt Lewin (1939) led a group of researchers to identify different styles of leadership. This early study has been very influential and established three major leadership styles.

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  7. BUS111 – Introduction to Business – Lecture 1

    Dr. Chukwuka Ernest Jebolise

    WHAT IS BUSINESS? The word ‘Business’ as a matter of fact, means different thing to different persons. But for the purpose of this lecture, we adopt this holistic definition as an art of exchange of values for the mutual benefit of parties involved (Chukwuka 2016). For example, if you are selling phones: I need your phones, so I can maintain contacts with my loved once and business associates and you on the other hand, need my money so you can expand your phone business, Both of us are benefitting: you are benefitting materially, I am benefitting socially. We are both exchanging values. When values are created and exchanged, money comes as a reward for the created value.

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  8. BUS111 – Introduction to Business – Lecture 2

    Dr. Chukwuka Ernest Jebolise

    WHY DO WE STUDY BUSINESS? Business is a significant economic institution that affects the life of everyone. Therefore, business should be a part of everyone’s knowledge. We get associated with business from birth to death. Whether one plans to own a business or merely be a worker in an enterprise, one needs to have a knowledge of numerous things concerning the many complicated activities of a business such as insurance, advertising, store display, Shipping and transportation, employee relations and regulations, law and governmental regulations, and public relations.

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  9. BUS111 – Introduction to Business – Lecture 3

    Dr. Chukwuka Ernest Jebolise

    TYPES OF BUSINESS ORGANIZATION In summary, business is the sum total of organized efforts by which people engaged in commerce and industry provide the goods and services needed for the maintenance and improvement of the standard of living and quality of life of an individual/group. Thus business is organized solely at the individual’s initiative. The entrepreneur takes it upon himself to bear the risk of assembling resources for the purpose of engaging in the provision of goods and services, in the hope that these will meet the requirement of the people, and that the people will be prepared to make adequate payment for the goods or services thus produced or rendered.

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  10. BUS111 – Introduction to Business – Lecture 4

    Dr. Chukwuka Ernest Jebolise

    ENTREPRENEURSHIP Entrepreneurship has been defined as the willingness and ability of an individual to seek out investment opportunities, establish and run an enterprise successfully. The activities includes – identification of investment opportunities, decision making as to the opportunities to exploit, promotion and establishment of the business enterprise. Entrepreneurship is a vital factor in the process of economic development of any nation.

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  11. BUS111 – Introduction to Business – Lecture 5

    Dr. Chukwuka Ernest Jebolise

    DEFINITION, STRUCTURE, PLACE OF SMALL BUSINESS IN THE ECONOMY, PROBLEMS OF SMALL BUSINESS Small business is defined as those enterprises that have relatively little capital investment, that produce in small quantities and as a result control a a small share of the market.

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  12. BUS111 – Introduction to Business – Lecture 6

    Dr. Chukwuka Ernest Jebolise

    BUSINESS COMMUNICATION Communication is the exchange of information by message or otherwise. Business Communication can be described as the exchange by message or otherwise, of information that is capable of facilitating the firm’s activities and enabling it to achieve its objectives.

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  13. BUS222 – BUSINESS COMMUNICATION – LECTURE 1

    Miss Elohor K. Idolor

    DEFINITION OF COMMUNICATION The word “communication” derived from the Latin word ‘communicare’ that means to impart, to participate, to share or to make common. It is a process where individual or organization share meaning and understanding with one another through exchange of facts, ideas, opinion. In other words, it is a transmission and interaction of facts, ideas, opinion, feeling and attitudes (vikram & Priya, 2009). Communication is a process by which information is exchanged between individuals through a common system of symbols, signs or behavior it is the expression and exchange of facts, opinions, ideas or feelings.

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  14. BUS222 – BUSINESS COMMUNICATION – LECTURE 2

    Miss Elohor K. Idolor

    TRANSMISSION MODEL OF COMMUNICATION The transmission model of communication describes communication as a linear, one-way process in which a sender intentionally transmits a message to a receiver (Ellis & McClintock, 1990). This model focuses on the sender and message within a communication encounter. Although the receiver is included in the model, this role is viewed as more of a target or end point rather than part of an ongoing process. We are left to presume that the receiver either successfully receives and understands the message or does not.

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  15. BUS222 – BUSINESS COMMUNICATION – LECTURE 3

    Miss Elohor K. Idolor

    LISTENING Listening is the receiver’s activity in oral communication. As the speaker has the responsibility to make effort to be understood, so the listener has the responsibility to be attentive and to make effort to understand the meaning of the speaker. Of all skills of communication, listening is the most important of all. The higher your position in an organization, the greater is your listening responsibility.

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  16. BUS222 – BUSINESS COMMUNICATION – LECTURE 4

    Miss Elohor K. Idolor

    WRITING AND COMMUNICATION METHODS: WRITING DEFINED, STAGES OF WRITING, OTHER ASPECT OF THE WRITING PROCESS Written communication is best suited when the communicator and the receiver are beyond oral communication medium. The executives in all organizations can maintain effective inter departmental and intra departmental connection through messages by written words. The process of communication involves sending message by written words. Written communication covers all kinds of subject matter like notices, memorandums, reports, financial statements, business letters etc. This type of communication simply means a process of reducing message into writing which is extensively used in organizations. Formal communication must always be in writing such as rules, orders, manuals, policy matter etc.

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  17. BUS222 – BUSINESS COMMUNICATION – LECTURE 5

    Miss Elohor K. Idolor

    Adaptation and Selection of Words: Effective writing techniques gives stress On simplicity while using words, short sentences and brief paragraphs and simplicity in terms of adaptation. Adaptation of words according to the message addressing to the specific reader. All the readers do not have the same ability to understand a message, they do not all have the same vocabulary, the same knowledge about the subject. Thus, to communicate clearly we should know the person with whom we wish to communicate. The message should fit the person’s mind. For this reasons it is advisable to adopt following techniques during written communication.

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  18. BUS222 – BUSINESS COMMUNICATION – LECTURE 6

    Miss Elohor K. Idolor

    REPORT WRITING A report is a form of systematic presentation of information relating to an event, progress of action or some business activity. It is a written statement of results, events, qualities, conditions, progress or interpretation of records. A report is a basic management tool used in decision-making. A report carries information from someone who has it someone who need it

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  19. BUS222 – BUSINESS COMMUNICATION – LECTURE 7

    Miss Elohor K. Idolor

    SEMINARS A seminar is a discussion in a small group in which the result of research or advanced study is presented through oral or written reports. The main purpose of a seminar is to share knowledge and to get the views of equally knowledgeable persons. Generally one person presents a lead paper, and an in-depth discussion on it follows. The other members interact with the speaker expressing their views on the speaker’s presentation.

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  20. BUS315 – Business Law – Lecture 1

    Mr. Moni Matthew

    SOURCES OF NIGERIA LAW The received English law – consisting of common law, doctrine of equity and statutes of general application. Received English laws are these English law received into the Nigerian legal system and made past of our laws, firstly introduced into Nigeria in 1863 as soon as the British took over the administration of the colony of Lagos and later extended to the parts of Nigeria.

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  21. BUS315 – Business Law – Lecture 2

    Mr. Moni Matthew

    ARBITRATION Arbitration is a private dispute resolution procedure designed by the parties to serve their particular needs. Still arbitration typically contains the essential elements of court adjudication proofs, and arguments are submitted to a neutral third party who has the power to issue a binding decision. Arbitration differs from court adjudication, however in that unless the parties agree otherwise; there will be no pre-trial discovery. Additionally, the hearing is usually more informal than a court hearing and the rules of evidence are not strictly applied.

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  22. BUS315 – Business Law – Lecture 3

    Mr. Moni Matthew

    HIERARCHY OF NIGERIA COURT As a general rule under the doctrine of stare decises, or binding precedent, a court is bound to follow the decision of a higher court in the hierarchy. But a lower court is not bound to follow decision of a higher court in the court which has been overruled. Furthermore, a lower court is not bound by a decision of a higher court where that decision is in conflict with a decision of another court which is above such higher court in the hierarchy. Moreover, in principle a lower court is entitled to choose which of the two conflicting decision of a higher court or of higher courts of equal standing it would follow.

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  23. BUS315 – Business Law – Lecture 4

    Mr. Moni Matthew

    LAW OF CONTRACT An agreement which is enforceable or recognized as affecting the legal rights and duties of the parties can be considered a contract. Such agreement must give rise to legally enforceable obligations. A contract is also defined as an agreement which the law will enforce or deems binding on parties. Thus, not all agreements will be enforceable by law.

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  24. BUS315 – Business Law – Lecture 5

    Mr. Moni Matthew

    FORMATION OF A CONTRACT The elements of a contract have been listed as offer, acceptance and consideration, and intention to enter into legal relations; although, parties to contract do not consciously contemplate this last element when entering into a contract. An offer may be defined as a definite undertaking or promise made by one party with the intention that it shall become binding on the party making it as soon as it is accepted by the party to whom it is addressed.

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  25. BUS315 – Business Law – Lecture 6

    Mr. Moni Matthew

    INVITATION TO TREAT Invitation to treat is not an offer. It is merely a preliminary move in negotiation which may lead to a contract. It is an invitation to make an offer and engage in business. It is of no effect in law. For instance, the goods displayed by a shop owner in the shelves in his shop with marked price tags do not bind him to sell at that price. He merely makes an invitation to treat. It is the customer who makes an offer by asking to buy the goods and the shop owner/seller may accept the offer by receiving the purchase price.

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  26. BUS315 – Business Law – Lecture 7

    Mr. Moni Matthew

    TERMINATION OF AN OFFER Revocation: An offer may be revoked before acceptance. Revocation of an offer before acceptance involves no liability on the part of the offeror and this is so even if he promised to keep the offer open for a specific period or time and nevertheless revoked the offer before the expiration of that period of time.

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  27. BUS315 – Business Law – Lecture 8

    Mr. Moni Matthew

    CONSIDERATION Unless an agreement is under seal it cannot been enforced by a party that has not furnished some consideration in support of it. Consideration must move from the promise. There must be an exchange either of promise or a promise for an act. The basic feature of the doctrine is reciprocity; sum of the value in the eye of the law must be given for a promise in order to make it enforceable as a contract.

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  28. BUS315 – Business Law – Lecture 9

    Mr. Moni Matthew

    INTENTION TO CREATE LEGAL RELATION For a contract to be valid and enforceable, the parties to it, must intend that the agreement should be attended by legal consequences. In other words, they must intend to enter into legal relations, in entering into the contract. Where there is no such intention, the agreement cannot be enforced by the courts.

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  29. Personnel Management – Lecture 1

    Vincent Afure Akpotor

    INTRODUCTION Personnel management is one of the most critical functions performed by managers in business organizations. This is because all the activities of any enterprise are initiated and determined by the persons who make up the institution. Plants, offices, computers, automated equipment and all else that a modern firm uses are unproductive except for human effort, and direction. Of all the tasks of management, managing the human component is the central and most important part because all else depends upon how well it is done.

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  30. Personnel Management – Lecture 2

    Vincent Afure Akpotor

    Staffing (Employment) This is the crucial aspect of the manager’s job which relates to the recruitment, training, and development of the employees of an organization. It is a very important managerial function because the success or failure of any organization depends on the quality of its employees.

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  31. Personnel Management – Lecture 3

    Vincent Afure Akpotor

    Manpower Planning Manpower Planning is the estimation of the quantity and quality of employees an organization or a Nation requires at a particular time in the future. In essence, it is concerned with the demand and supply of labour and problems arising from the process of reconciling these factors. Walker (1980) defined manpower planning, as a process of analyzing an organization’s human resources needs under changing conditions and developing the activities necessary to satisfy these needs.

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  32. Personnel Management – Lecture 4

    Vincent Afure Akpotor

    Wages and Salary Administration An important function of the personnel manager and the personnel department is the administration of wages and salaries. Although conventional usage reserves the term ‘wage’ for payment of workers, and salaries for payment of senior categories of staff, developments in industry have tended to blur the distinction, as all categories of staff have to receive their payments, not in cash, but by means of cheques channeled through banks.

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  33. Personnel Management – Lecture 5

    Vincent Afure Akpotor

    Motivation at work Management invests huge amounts of money, time and effort in an attempt to employ well-qualified people into the organization. A similarly huge amount of effort is expended on the training and development of workers and managers, in the hope that well-trained employees will contribute more to the achievement of organizational goals. Unfortunately, there is no guarantee that such employee will contribute their maximum, (in terms of quantity and quality of efforts), for the benefit of the organization.

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  34. Personnel Management – Lecture 6

    Vincent Afure Akpotor

    Collective bargaining To perform effectively the personnel manager in business organizations Must understand the nature structure levels and functions of collective Bargaining especially those aspect that directly influence the operations of their business. Collective bargaining is that method of determining working Conditions and terms of employment through negotiations between an employer, a group of employers or one or more employers organizations on one hand and one or more representative worker organizations on the other with a view to reaching an agreement.

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