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Fundamentals of Management
This course will enable the students to demonstrate a comprehensive understanding of the principles, nature and functions of management and will enable to apply strategic and effective management practices in diverse business environment.
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Course Code |
Course Title |
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24ATG/BSG/FSG 122
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Fundamentals of Management (Theory) |
CO7. Comprehend the Principles of Management and to observe and evaluate the influence of historical forces on the current practice of management CO8. Critically evaluate Planning and Decision Making as core management activities. CO9. Analyze organizational characteristics, structures, formal/informal aspects, delegation, span of management, and their impact on organizational effectiveness CO10. Comprehend Manpower Planning objectives, job analysis, recruiting, selection, and training processes, evaluating their effectiveness in contemporary contexts. CO11. Gather and analyze both qualitative and quantitative information to isolate issues and formulate best control methods. CO12 : Contribute effectively in course-specific interaction |
Approach in teaching: Class room Lecture (Theory/ Using Power point Presentation), Discussions using Leading Case laws. Learning activities for students: Role Play activities, Group Discussions, Class presentation.
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Class participation, assignments and presentations, CA Test, Semester End Exams. |
• Management: introduction- Concept, Meaning, Nature, Scope, and significance, Principles of Management, Management Functions, Roles and Skills of a manager
• Development of Management Thought: (Brief study)- Management in ancient civilizations, Management during the Medieval Period, Management during Industrial Revolution, The Period of Systematic Development of Schools of Management Thought
• Planning: Concept, Types and Process; Principles of Planning, MBO
• Decision Making: Types and process
• Organizing: Concept, Types, Process and Principles, Various forms of Organizational structures and their merits-demerits, Formal and informal Organization, merits and demerits, Delegation of Authority, Span of control, Centralization and Decentralization
• Staffing: Manpower planning, Job analysis-job specification, job description, Recruitment, Sources of recruitment, Selection process, Training-objectives & methods
• Directing: Meaning, Importance, Principles & Techniques of directing
• Controlling: Nature of control in organizations, Types of control, steps in the control process, Controlling Techniques, Characteristics of Good Control System,
• Problems and Limitations of Control, MBE
1. Gupta, C. B., Business Organization, S.Chand, NewDelhi
2. Drucker, Peter Ferdinand, Management Challenges for 21stCentury, Harper Collins, USA.
3. Luthans, Fred, Organization Behaviour, McGraw Hill, New Delhi
4. Allen, Louis A., Management and Organization, McGraw Hill, NewYork
5. Ansoff, H., The New Corporate Strategy, Wiley.
Suggested Readings:
1. Koontz and Wechrich H, Essentials of Management, Tata McGraw-Hill, New Delhi.
2. Stoner, Freeman, and Gilbert, Management, Prentice Hall of India, New Delhi.
3. Terry and Franklin, Principles of Management, Prentice Hall of India, New Delhi
4. Sudha, G.S., Business Management, RBSA Publishers, Jaipur
Note: Latest edition of the readings may be used.
e- Resources:
1. Principles of Management https://d3bxy9euw4e147.cloudfront.net/oscms-prodcms/media/documents/Prin...
2. Introduction to Business Management https://www.researchgate.net/publication/338967220_INTRODUCTION_TO_BUSIN...
3. Management Concepts and Organizational Behaviour https://www.ddegjust.ac.in/studymaterial/mcom/mc-101.pdf
