PMT510–Business Policy
COURSE PARTICULARS
Course Code: PMT 510
Course Title: Business Policy
No. of Units: 3
Course Duration:Two hours of theory and one hour tutorial per week for 15 weeks.
Status: Compulsory
Course Email Address:pmt510@yahoo.com
Course Webpage:
Prerequisite:GNS 106, PMT 201, PMT 203, PMT 206, PMT 303, PMT 305, PMT 307, PMT
317, PMT 304, PMT 318 and PMT 505
COURSE INSTRUCTOR
Professor R. O. Abiola
Room 112, SAAT Annex,
Dept. of Project Management Technology,
Federal University of Technology, Akure, Nigeria.
Phone: +2348033522253
Email:roabiola@futa.edu.ng
1
COURSE DESCRIPTION
Concept of strategy in relation to business corporations and management.Linkage between
organization and their environments.Concept of policies, decision-making, business objectives,
performance criteria, structure and managerial behaviours. Practice in calculating simple
financial and economic indices from business data and other accounting information.
Learning the behavioural implications of courses of action. Analysing firm’s opportunities and
threats, strengths and weaknesses. Selecting strategies and structures of public liability
companies from their published annual reports. Developing clear business objectives, setting
clear strategies and policies, and presenting structures that are capable of being used in
implementing chosen strategies.
Organic business functions of marketing, production finance and personnel in Nigeria.
Management process of corporate planning, budgeting and control, business
performanceappraisal, managing by objectives, motivating group and individual efforts, and
generally relating an organization to the changes taking place in its environment.Predicting the
dynamic environment.Impact of environmental changes on the strategies and performance of a
firm. Analysis of the role of employee and managerial common law and its development; courts
and remedies; general survey of Decree 51 known as companies Act 1968; incorporation of
companies and incidental matters; Law of contracts; sales and right of parties; partnership and
relations of parent to persons dealing with the partnership; dissolution; corporation
characteristics; organization and dissolution; security devices; guaranty and suretyship; winding
up and bankruptcy.
COURSE OBJECTIVES
The objectives of this course are to:
 Know why some organizations succeed while some others fail and
 Be able to formulate policies and implement strategies that will make organizations
succeed.
COURSE LEARNING OUTCOMES / COMPETENCIES
At the end of the course, students should be able to:
 assess the strength and weaknesses of various organizations and advert threats and to take
advantage of opportunities outside
 Know the symbiotic relationship between the people and group interacting with the
business organization
 Use financial ratios to determine the performance of organizations
 Calculate simple financial ratios
 Compare performance between two organization and between two periods
 Know appropriate strategies to combat threats and take advantage of opportunities
 Know the law and content of companies and allied matters act
2

Analyze cases and make appropriate recommendations
GRADING SYSTEM FOR THE COURSE
This course will be graded as follows:
Continuous assessment (tests, assignments, class attendance) 40%
Final Examination
60%
TOTAL
100%
GENERAL INSTRUCTIONS
Attendance: It is expected that every student will be in class for lectures and also participate in
all academic activities. Attendance records will be kept and used to determine each person’s
qualification to sit for the final examination. In case of illness or other unavoidable cause of
absence, the student must communicate as soon as possible with any of the instructors, indicating
the reason for the absence.
Academic Integrity: Violations of academic integrity, including dishonesty in assignments,
examinations, or other academic performances are prohibited. You are not allowed to make
copies of another person’s work and submit it as your own; that is plagiarism. All cases of
academic dishonesty will be reported to the University Management for appropriate sanctions in
accordance with the guidelines for handling students’ misconduct as spelt out in the Students’
Handbook.
Assignments and Group Work:Students are expected to submit assignments as scheduled.
Failure to submit an assignment as at when due will earn you zero for that assignment.Only
under extenuating circumstances, for which a student has notified any of the instructors in
advance, will late submission of assignments be permitted.
Code of Conduct in Lecture Rooms: Students should turn off their cell phones during lectures.
Students are prohibited from engaging in other activities (such as texting, watching videos, etc.)
during lectures.
READING LIST
1
Hill, W. L. and Jones G.R. 1995 Strategic Management; An Integrated Approach, Houghton
Mifflin company ma3rd Edition C545p.
2
Pearce II, J. A. and Robinson Jr, R.B. (1985).Strategic Management, Strategic Formulation and
Implementation, 2nd Edition,Irwin Inc., USA, 1041p.
Legend
1- Available as Personal Collection
2- Available in local bookshops.
3
COURSE OUTLINE
Week
Topic
Remarks
1
The concepts of business policy and strategic
management
Students should be able to know the
relationship between business policy
and strategic management. They will
know the relationship between
vision, mission and values
2
The concepts of strategy
Students should be able to know the
relationship
between
strategic
formulation, implementation and
environmental analysis
3
Linkage between
environments
4
Concept of policies, Decision-making
5
Business objectives, performance
structure and managerial behaviours.
6
Practice in calculating simple financial and Students should know ratios,
economic indices from business data and other profitability, liquidity debt and
accounting information.
leverage ratios
7
Learning the behavioural implications of courses Students will be involved in case
of action. Analysing firm’s opportunities and analysis
threats, strengths and weaknesses.
MID-SEMESTER TEST
8
Selecting strategies and structures of public Students will be given annual reports
liability companies from their published annual to study and analyse
reports.
9
Developing clear business objectives, setting Students will be given business cases
clear strategies and policies, and presenting to analyse
structures that are capable of being used in
organization
and
4
their Students should know the symbiotic
relationship
between
business
environment and organization
Students should know the steps in
decision making and how to take
sound decision making
criteria, Students
should
know
the
characteristics of objective familiar
with SMAT (specific, measurable,
achievable, realizable and timebound)
implementing chosen strategies.
10
Organic business functions of marketing, Students will be asked to draw
production finance and personnel in Nigeria.
organizational charts to be able to
identify the various functions
performed
by
the
various
departments
11
Management process of corporate planning, Students will be made to simulate the
budgeting and control, business performance real work environment
appraisal, managing by objectives
12
Motivating group and individual efforts, and Students will be involved in business
generally relating an organization to the changes games and role playing
taking place in its environment. Predicting the
dynamic environment. Impact of environmental
changes on the strategies and performance of a
firm.
13&14
15
Analysis of the role of employee and managerial
common law and its development; courts and
remedies; general survey of Decree 51 known as
companies Act 1968; incorporation of companies
and incidental matters; Law of contracts; sales
and right of parties; partnership and relations of
parent to persons dealing with the partnership;
dissolution;
corporation
characteristics;
organization and dissolution; security devices;
guaranty and suretyship; winding up and
bankruptcy.
Students will be asked to examine
the CAMA (Company and Allied
Matters Acts) and the implications of
the various laws and concepts.
Revision
This is the week preceding the final
examination. At this time, evaluation
will be done to assess how far the
students’ expectations for the course
have been met.
5