Principles of Management

L T P C

3 - - 3

Version No.:

Course Prerequisite: Nil

Objectives: To Expose the Students to the concepts of Business Management. To understand the interdisciplinary nature of Management. Expected Outcome:

The Students will be familiar with basic concepts of Management and able to apply the concepts of Management to various kinds of Organizations.

CONTENTS

Unit Description Hours

1

Concept of Management Management – Definition – Science or Art? – Functions Evolution of modern management Scientific management – development of management thoughts – different schools of management thoughts Management Process Essentials of Planning - Types, steps, objectives of planning – how to set objectives – strategies , policies & planning premises – strategic planning process – decision making – nature and process.

15

2

Organizational structure Formal & informal organization – Re-engineering the organization – structure and process of organizing – Departmentation – Matrix organization – strategic business units (SBUs) Authority, Power & Responsibility Line & staff authority, Empowerment and decentralization – Delegation of Authority – Effective organizing & organizational culture.

15

3

Staffing

Selection & Motivation process – techniques and instruments – training – placement, performance appraisal – motivation & controlling techniques - system & process. Management Tools

Management by Objectives (MBO) – principles and steps – advantages and disadvantages, Management by Exception (MBE) – strategic management – planning for future decision – SWOT Analysis – Organizational change and development – change process .

15

Text Books : 1. Koontz, Weihrich & Aryasri, (2004), Essentials of Management, Tata McGraw Hill.

Reference Books: 1. Koontz, Weihrich & Aryasri, (2004), Principles of Management, Tata McGraw Hill 1. Dr. S.C. Saxena, (2003), Principles and Practice of Management 2. L M Prasad, (2004), Principles and Practice of Management, Sultan Chand & Co, Mode of Evaluation: Written Examinations and any of these: Term Paper, Mini Projects, Quiz, Group Discussion, Case Study Analysis, Seminar, Assignments etc.

Recommended by the Board of Studies on:

Date of Approval by the Academic Council: