Mba I Semester I Principles of Management (Pom)

1. Course Objective: This course presents a thorough and systematic coverage of management

theory and practice. It focuses on the basic roles, skills and functions of management, with special

attention to managerial responsibility for effective and efficient achievement of goals. The objective

is to help the students understand the fundamental concepts and principles of management; the

basic roles, skills, and functions of management. It is also intended to give an overview of the

historical development, theoretical aspects and practice application of managerial process.

2. Course Duration: The course duration is of 36 sessions of 75 minutes each, i.e. 45 hours.

3. Course Contents:

Module

No:

Module Content No. of

Sessions

70 Marks

(External

Evaluation)

I Concepts of Management, Science or Art, Management and Administration, Management thoughts

by Management Gurus, Functions of Management, Types of Business Organization, Business

Ethics and Social Responsibility: Concept, Shift to Ethics, Tools of Ethics. 7 17

II Planning

Nature & Purpose, Steps involved in Planning,

Objectives, Setting Objectives, Management by Objectives, Strategies, Policies & Planning

Premises, Forecasting, Decision making. 7 17

III Organizing

Nature and Purpose, Formal and Informal Organization, Organization Chart, Structure and Process,

Departmentation by difference strategies, Line and Staff authority – Benefits and Limitations – De-

Centralization and Delegation of Authority – Staffing – Selection Process - Techniques – HRD –

Managerial Effectiveness. 7 18

IV Directing & Controlling

Scope, Human Factors, Creativity and Innovation, harmonizing objectives, system and process of

Controlling, Requirements for effective control, The Budget as Control Technique, Information

Technology in Controlling, Productivity, Problems and Management, Control of Overall,

Performance, Direct and Preventive Control, Reporting, The Global Environment, Globalization and...