Memory techniques for Business StudiesFor learning Business Studies though detailed study of the topics is required, there are some simple techniques to remember points. In some cases, the points need to be learnt in sequence and in some other cases points can be arranged in any order as per your convenience.

Whatever may be the case, the following techniques can be used easily and used as per your interest:

 

Mnemonics

Mnemonics is a technique used to remember the things in a simpler and better way. Using the first alphabet of the words used and arranging them to make a meaningful way, is the most common method of using mnemonics. Here are some examples of use of such mnemonics to learn topics in Business Studies:

1. Functions of Management: POSDiC

Planning

Organizing

Staffing

Directing

Controlling

2. Principles of Management ,given by Henry Fayol : DADUU SIR S SE CEO

Division of work

Authority and responsibility

Discipline

Unity of command

Unity of direction

Scalar chain

Initiative

Remuneration

Subordination of individual interest to general interest

Stability of personnel

Equity

Centralization

Esprit de corps

Order

3. Elements of Delegation: ARA

Authority

Responsibility

Accountability

4. Elements of Directing: SuLeCoM

Supervision

Leadership

Communication

Motivation

5. Dimensions of Business Environment: LETSPlay

LegalEnvironment

Economic Environment

Technological Environment

Sociological Environment

Political Environment

 

Self Talk (Imagination)

You can weave a sentence or a small story to correlate the points in an interesting, meaningful and simple manner, like in the following cases:

1. Basic features of Profession:

People crossing a well(well defined body of knowledge),then jumping a wall(restricted entry),to enter a field(professional association),to provide some services(service motive) following some rules(code of conduct)and charging fees.

1. Well defined body of knowledge

2. Restricted entry

3. Professional association

4. Code of conduct

5. Service motive and charging fees

2. Features of Planning

An untiring manager sitting on a chair, focuses his attention, to decide a path to be followed to reach a distant goal.

1. untiring manager….Continuous process.

2. sitting on a chair…..at every level…….Pervasiveness.

3. focuses his attention….. Mental activity(intellectual process).

4. to decide……Decision making process.

5. to decide…….Judgment(intellectual process).

6. a path to be followed…….Choice of best possible alternative.

7. distant…..Futuristic(future oriented process).

8. Goal……Goal oriented process.

3. Leadership Qualities

Using your imagination ,you can develop the qualities of a good leader by considering a Human Body:

Head.….Responsibility, knowledge intelligence, decision making, judgment, etc.

Forehead.…..Intuition, Boldness, Farsightedness, etc.

Eyes.….Having knowledge of surroundings, general awareness, supervision, etc.

Ears…..Patience, listening his subordinates ,communication skills, etc.

Nose……Understanding the situation without express knowledge, judgment, etc.

Lips….Command, communication skills, problem solving etc.

Neck.….Rotation of neck indicates flexibility in his approach, etc.

Arms and Legs….Work, he should be actively involved in management process,etc.

And many more……..

 

Grouping the points/ items

Different points to be remembered can be grouped on the basis of some similarity, like in the following case:

External Sources of Recruitment

1. Direct recruitment

2. Recommendation of employees

3. Labour contractors.

4. Management consultants and placement agencies

5. Employment exchanges

6. Advertising( newspaper, journals and magazines, television.)

7. Web publishing

8. Campus recruitment

9. Casual Callers

First group 1-5, then 6-7, then 8 and then last 9

This way an easy and interesting pattern can be set to learn all these.

Students can develop their own such methods to make the learning interesting and long lasting .

 

Mind Maps for Business Studies

 

How to develop concentration in studies?

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