Principles of Management and Business Administration

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Code PMB1
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ECTS 2 Credits
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SWS 2
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Semester 1
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Version WS 2023
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1 Syllabus
The course “Principles of Business
Administration” is designed as an introduction to
the world of business with an interdisciplinary
approach. A business per definition is an
organized effort of individuals to produce and
provide goods and services to meet the
demands of society. All such businesses have
basic activities in common:
• Innovation
• Operations
• Marketing
• Human Resource Management
• Finance and Accounting
Businesses share certain characteristics on the
structural-, organizational- and environmental
level irrespective of profit-making or non-profit
concerns. The functions and organisational
structures will be introduced and furthermore
special focus on the interfaces and intersections
of functions and their responsibilities will be
highlighted. The influential factors of business
such as the economy and the state will be
discussed to create a basic understanding of the
so called business environment.
Organizational aspects of business such as size,
ownership, structure and corporate culture will be
an essential part of this lecture, as well as issues
of management and leadership and the strategic
responsibility of management. This course will
build the bridge to the in-depth courses such as
Accounting, Finance and Investment, Marketing,
Organisational Behaviour and Human Resources
Management.
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2 Learning Objectives
After successful completion of this course
students should be able to:
• Replicate and explain the cross-linked key
activities of businesses and the relationships
between them.
• Describe the key players, their functions and
responsibilities of the structural- organizational-
and environmental level.
• Apply knowledge of influence and effects of
different economic models, globalization, the
state and its power(s) on analysing modern
businesses and their environments.
• Reproduce the organizational aspects of a
company/business not only as its formal
structure, type of ownership and other hard facts,
but also as the organizational and corporate
cultures that have immense effects on the
performance of the businesses.
• Describe and differentiate between
management and leadership in terms of scope
and activities.
• Analyse approaches to strategy and its link to
organizational as well as environmental aspects.
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3 Required Prior Knowledge
There are no prerequisites to this course.
<<< It is compulsory to read the relevant
chapters prior to class. >>>
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4 Course Content
Session | Topic | Coursebook Chapter Reading
(Prior to Session)
1 Course Administration Introduction,
Globalization Ch 1, 2
2 Globalization (cont’d) Ch 2
3 Economy and the State Ch 3
4 Economy and the State (cont’d) Ch 3, Midterm
Exam (written, Chapters 1, 2 and 3) – 30
minutes
5 Organizational Aspects of Business Ch 6
6 Management and Leadership, Strategy Ch 7*,
8**
7 Final Exam (written) – 60 minutes Entire
course content incl. case studies
* Excl. “Models of management” pg. 252-257 and
“Theories of leadership” pg. 263-278
** Excl. pg. 301-321
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5 Teaching Methods
This course blends the introduction of business
theory, with active components such as
discussion rounds, student self-study elements
and examples from the business world. Students
are asked to prepare topics for the upcoming
class in order to follow and contribute to the
discussions. Selected cases will be analysed.
The course will be held online, using the
following Zoom Link:
[Link]
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6 Comment
Optional reading for further topics that will be
touched upon briefly as a part of the course,
however will not be a part of the final exam:
- Chapter 4: Technology and Labour
- Chapter 5: Cultural and Institutional
Frameworks
Students are free to use computers or tablets in
class for keeping notes or reviewing online
resources.
Absence tolerance is according to LBS
regulations. Lateness is considered as absence
of the contact hour.
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7 Reading and Material
Needle, David Business in Context: An
introduction to business and its environment 7th
Edition
Cengage Learning 9781473758391
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8 Assessment Strategies
Written exams:
• Midterm written exam (30 minutes) - 30% of the
final course grade
• Final written exam (60 minutes) - 70% of the
final course grade
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Datum: 29.09.2023

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