General Management and Entrepreneurship

Paper Code: 
ABFS 501
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

To familiarize students with the organizational structure, decision making techniques and the concept of Entrepreneurship.

12.00
Unit I: 
Management

Concepts, Functions, Significance of management, Management and administration, Levels of management. Principles of management-Henry Fayol and F.W Taylor, Approaches/schools of management thought – Classical, Neo-Classical and Modern.

12.00
Unit II: 
Planning, Organization and Organization Structure

Planning-Concept, Nature, Processes, Types, Significance of planning, Planning process, Management by Objectives.
Organization- Concept, Importance, Process of organizing, Principles of Organization, Types-Formal and Informal.
Organization Structure- Types of Organization Structure-line, line and staff, functional, project, matrix and committee. Delegation and Decentralization of Authority(conceptual knowledge only)

12.00
Unit III: 
Decision Making, Controlling and Leadership

Decision Making-Meaning, Significance, Types of decisions, Process of decision-making, Techniques of decision-making,
Controlling-Concepts, Features, Steps of controlling, Importance, Techniques-Traditional and Modern (Elementary knowledge only)
Leadership-Definition, Importance, Difference between leadership and management, Functions of a leader, Styles of Leadership-autocratic, participative and free-rein

12.00
Unit IV: 
Entrepreneurship

Entrepreneurship Introduction –Meaning& Definition of Entrepreneurship, Entrepreneur &Enterprise –Functions of Entrepreneur -Factors influencing Entrepreneurship -Pros and Cons of being an Entrepreneur –Qualities of an Entrepreneur –Types of Entrepreneur

12.00
Unit V: 
Starting the New Venture

Starting the New Venture - Generating Business Idea, Sources of New Idea, Methods of generating Ideas, creative problem solving, opportunity recognition, environment scanning, and competitor and Industry analysis. The Four stages of Growth model- pre start-up-stage, Start-up Stage, Early Growth Stage, Later Growth Stage.

Essential Readings: 

• Chhabra T.N “Principles and Practice of Management” DhanpatRai& Co. PvtLtd,New Delhi.
• Nolakha, R.L “Principles of Management” .RBD Publishers, Jaipur.2007 Holt, D.H. Entrepreneurship new venture creation.
• G.S.Sudha, Fundamentals of entrepreneurship, RBD, Jaipur.
• S.S. Khanka, Entrepreneurship Development, S.Chand Publications, New Delhi.
• Nafees A. Khan, Fundamentals of entrepreneurship, Anmol Publications, New Delhi.
• 4. E. Gordon & K. Natarajan, Entrepreneurship Development, Himalaya Publications.
• 5.Vasant Desai, Fundamentals of Entrepreneurship and Small Business Management, Himalaya Publications
Sudha G S., “Management”, RBSA Publishers, Jaipur.2007
• Koontz, Herold and Weihrich, Heinz. “Management”, McGraw Hill, New York.5th edition.
• Stoner, James A.F. and Freeman, R.Edward, “Management”.,New Delhi. 6th edition
• Mathew, M.J “Business Management” Sheel Sons Publishers,Jaipur. 1st edition

Academic Year: