Department of Business Management

About

The objective of the department is to impart theoretical and practical knowledge of dairy business-related activities such as accounting, financial management, economic concepts and marketing management. In addition to this basic objective, the department is also aimed at providing training to maintain the books of accounts in the dairy industry.

B.Tech. (Dairy Technology) students are taught about the basic aspects of financial management and various sources and applications of funds in the organization. Despite this, the students are guided on how to use the techniques of capital budgeting in the acquisition of long-term projects in a detailed manner. The students are also informed how to record the transactions like purchase of milk, the sale of the dairy product, how to ascertain the profit or loss, how to study the inflow and outflow of cash, the factors influencing the working capital requirements, how to fix the price of the product produced etc. The students are given an opportunity to expose their potentials on their communication skills. In addition to these basic business-related activities, the department also offers courses in dairy extension, industrial statistics, and dairy production management. The department also provides an IT training to the students along with the application of OR in the decision-making process.

UG Courses Offered (As per the ICAR V Deans Committee):
Course No. Title of the Course Credit Hours
DB 111 Milk Production Management & Dairy Development 3(2+1)
DB 112 Communication Skills 2(1+1)
DB 113 Environmental Studies 2(1+1)
DB 121 Economic Analysis 2(2+0)
DB 122 Computer and Application Software Packages 2(1+1)
DB 221 Fundamentals of Dairy Extension 3(2+1)
DB 311 ICT in Dairy Industry and Operation Research 3(1+2)
DB 321 Marketing Management & International Trade 2(2+0)
DB 421 Financial Management and Cost Accounting 3(2+1)
DB 422 Entrepreneurship Development and Industrial Consultancy 2(2+0)
DB 423 Industrial Statistics 2(2+1)