PRINCIPLES OF MANAGEMENT

Course Code Marks: 100 Credits: 4 Class Hours: 60
Course Title: PRINCIPLES OF MANAGEMENT
1. Management: Science, Theory, and Practice: Definition of management: its nature and
purpose-The evolution of Management Thought-Patterns of management analysis. The
systems approach to the management process-The functions of managers.
2. Management and Society: The External Environment, Social Responsibility, and Ethics-
The technological environment-The ecological environment-The social responsibility of
managers-Ethics in managing-Trust as the basis for change management. Global, Comparative,
and Quality Management: International management and multinational corporations-Country
alliances and economic blocks-International management: cultural and country differences-
Porter’s competitive advantage of nations-Gaining a global competitive advantage thought
quality management.
3. Essentials of Planning and Managing by Objectives: Types of plans-Steps in planning-
Objectives-Evolving concepts in management by objectives. Strategies, Policies, and Planning
Premises: The nature and purpose of strategies and polices-The strategic planning process-The
TOWS matrix-Major kinds of strategies and polices-Porter’s industry analysis and generic
competitive strategies. Decision Making: The importance and limitations of rational decision
making-Development and evaluation of alternatives-Programmed and nonprogrammed decisions-
Decision making under certainty, uncertainty, and risk-Creativity and innovation.
4. The Nature of Organizing, Entrepreneuring, and Reengineering: Formal and informal
organizations-Organizational division-An organizational environment for entrepreneuring and
intrapreneuring- Reengineering the organization-The structure and process of organizing-Basic
questions of effective organizing. Organization Structure- Departmentation: Departmentation by
enterprise function, territory or geography, customer group and product-Matrix organization-
Strategic business units-Organization structures for the global environment-The virtual
organization-Choosing the pattern of Departmentation. Line/Staff Authority, Empowerment, and
Decentralization: Authority and power-Empowerment-Line/staff concepts and functional
authority-Decentralization of authority-Delegation of authority-Recentralization of authority and
balance as the key to decentralization. Effective Organizing and Organization Culture.
5. Human Resource Management and Selection: Definition of staffing-The systems approach
to human resource management-Situational factors affecting staffing-Selection: matching the
person with the job-The systems approach to selection-Position requirements and job design-
Skills and personal characteristics needed in managers-Matching qualifications with position
requirements-Selection process, techniques, and instruments-Orienting and socializing new
employees-Managing human resources while moving toward 2020.
6. Managing Change Through Manager and Organization Development: Manager
development process and training-approaches to manager development: on-the-job training,
internal and external training-Evaluation and relevance of training programs-Managing change-
Organizational conflict-Organization development-The learning organization.
7. Human Factors and Motivation: Human factors in managing-Motivation-An early behavior
model: McGregor’s Theory X and Theory Y-Maslow’s hierarchy of needs theory-Alderfer’s
ERG Theory-Herzberg’s motivation-Hygiene Theory-The expectancy theory of motivation-
Equity theory-Goal setting theory of motivation-Skinner’s reinforcement theory-McClelland’s
needs theory of motivation-Special motivational techniques-Job enrichment-A systems and
contingency approach to motivation.
8. Leadership: Defining leadership-Ingredients of leadership-Trait approaches to leadership-
Charismatic leadership approach-Leadership behavior and styles-Situational or contingency
approaches to leadership-Transactional and transformational leadership. Committees, Terms,
and Group Decision Making: The nature of committees and groups-Reasons for using
committees and groups-Disadvantages and misuse of committees-Successful operation of
committees and groups-Additional group concepts-Teams-Conflicts in committees, groups,
and teams.
9. The System and Process of Controlling: The basic control process-Critical control points,
standards, and benchmarking-Control as a feedback system-Real time information and
control-Feed forward, or preventive, control-control of overall performance-Profit and loss
control-Control through return on investment-Management audits and accounting firms-
bureaucratic and clan control-requirements for effective controls.
10. Control Techniques and Information Technology: The budget as a control device-
Traditional nonbudgetary control devices-Time-event network analyses-Information
technology-The use of computers in handling information- Opportunities and challenges created
by information technology-The digital economy, e-commerce, and m-commerce.
11. Management Systems of Different Business Organizations: Management systems of Sole
Proprietorship and Partnership Business. Company management–Board of directors,
managing director and managing agency system. Management of state Enterprise, statutory
corporation and sector corporation.
Book Recommended:
Heinz Weihrich, Mark V. Cannice and Harold Koontz, Management: A Global and
Entrepreneurial Perspective, 12th edition, Tata McGraw-Hill Publishing Company Ltd.
Reference Books:
1. F. T. Haner, Stephen K. Keiger, Donald J. Puglisi, An Introduction to Business- Concepts and
Careers.
2. Ricky W. Griffin, Management, 5th Edition.