CBSE syllabus for the Academic Year 2023-24 –BUSINESS STUDIES (Code No. 054) CLASS–XI

BUSINESS STUDIES (Code No. 054)
Rationale
The courses in Business Studies and Accountancy are introduced at + 2 stage of Senior
Secondary Education as formal commerce education is provided after first ten years of
schooling. Therefore, it becomes necessary that instructions in these subjects are given
in such a manner that students have a good understanding of the principles and
practices bearing in business (trade and industry) as well as their relationship with the
society.
Business is a dynamic process that brings together technology, natural resources and
human initiative in a constantly changing global environment. To understand the
framework in which a business operates, a detailed study of the organisation and
management of business processes and its interaction with the environment is required.
Globalisation has changed the way organizations transact their business.
Information Technology is becoming a part of business operations in more and more
organisations. Computerised systems are fast replacing other systems. E-business and
other related concepts are picking up fast which need to be emphasized in the
curriculum.
The course in Business Studies prepares students to analyse, manage, evaluate and
respond to changes which affect business. It provides a way of looking at and interacting
with the business environment. It recognizes the fact that business influences and is
influenced by social, political, legal and economic forces.
It allows students to appreciate that business is an integral component of society and
develops an understanding of many social and ethical issues.
Therefore, to acquire basic knowledge of the business world, a course in Business
Studies would be useful. It also informs students of a range of study and work options
and bridges the gap between school and work.
Objectives:
 To inculcate business attitude and develop skills among students to pursue
higher education, world of work including self employment.
 To develop students with an understanding of the processes of business and its
environment;
 To acquaint students with the dynamic nature and inter-dependent aspects of
business;
 To develop an interest in the theory and practice of business, trade and industry;
 To familiarize students with theoretical foundations of the process of organizing
and managing the operations of a business firm;
 To help students appreciate the economic and social significance of business
activity and the social cost and benefits arising there from;
 To acquaint students with the practice of managing the operations and resources
of business;
 To enable students to act more effectively and responsibly as consumers,
employers, employees and citizens;