CHSE Odisha Elective BSM study guide
CHSE Odisha Elective BSM · Work through your exam, one topic at a time.
The CHSE Odisha Elective BSM is a higher-secondary elective in Business Studies and Management offered under the Council of Higher Secondary Education, Odisha, for +2 (Class XI–XII) students. It suits learners who want a structured first grounding in how organisations are formed, managed, financed and marketed, and who may go on to commerce, management or professional degrees, or straight into family business or entry-level work. The CHSE Odisha Elective BSM study guide has 11 sections and about 2,716 words.
01Nature and Scope of Business
This domain covers the meaning, characteristics and scope of business, the distinction between business, profession and employment, and the classification of business activities into industry and commerce. CHSE questions ask you to define, distinguish and classify with examples.
285 words, about 1 min02Forms of Business Organisation
Forms of organisation: sole proprietorship, joint Hindu family business, partnership, cooperative society, company and LLP. Questions test features, merits, demerits, liability, continuity and Indian legal minimums.
268 words, about 1 min03Management: Concept, Functions and Principles
Management as a process, its nature as art, science and profession, its functions, and the principles of Fayol and Taylor. Expect definitional questions and applied items asking which principle is violated.
271 words, about 1 min04Planning and Decision Making
Planning as the primary function, its features, process, types and limitations, plus rational decision making and bounded rationality. Applied payback questions can appear.
257 words, about 1 min05Organising and Staffing
Organising structures and the staffing process: division of work, departmentalisation, delegation, span of control, recruitment, selection and training. Questions test authority-responsibility-accountability chains and span calculations.
237 words, about 1 min06Directing and Leadership
Directing as a function: supervision, motivation, leadership and communication. Expect Maslow and Herzberg applications, leadership styles and communication barriers.
237 words, about 1 min07Coordination and Controlling
Coordination as the essence of management and controlling as a process. Questions test the control cycle, types of control and the planning-control link.
240 words, about 1 min08Business Finance and Financial Management
The finance function, financial management objectives, capital structure, working capital and sources of finance, including Indian primary-market terms. Financial management decisions: investment (capital budgeting), financing (capital structure) and dividend decisions.
235 words, about 1 min09Marketing Management
Marketing mix, segmentation-targeting-positioning, product life cycle, branding, pricing, channels and promotion, plus the distinction between marketing and selling. Marketing is the whole business seen from the customer's viewpoint; selling is only one part, namely promotion.
232 words, about 1 min10Business Environment
Business environment dimensions, micro versus macro, SWOT, and Indian policy shifts such as liberalisation and GST. Business environment is the sum of external factors affecting business; it is dynamic, complex and uncertain.
230 words, about 1 min11Entrepreneurship and Ethics
Entrepreneurship: meaning, characteristics, functions and barriers, plus business ethics, CSR and ethical decision making. An entrepreneur bears risk, organises factors, innovates and pursues opportunity; entrepreneurship is more than self-employment.
224 words, about 1 min