Fundamentals of Management

Paper Code: 
MFM 121
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

Course Objective

1. Paper has been designed such that it acquaints the students with the basic management concepts and organizational processes in the organization.

Learning outcomes

(at course level)

Learning and teaching strategies

Assessment

Strategies

  
 

CO 1.Understand the Functions and Principles of Management

CO 2.Understand process and principles of Planning and Organizing..

CO 3.Understand theories of Motivation and Leadership.

CO 4.Understand steps and techniques of controlling.

CO 5.Apply the concepts of decision making in a business situation.

 

Approach in teaching:

Interactive Lectures, Group Discussion, Tutorials, Case Study

 

Learning activities for the students:

Self-learning assignments, presentations

Class test, Semester end examinations, Quiz, Assignments, Presentation

  

 

10.00
Unit I: 
Management

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.

14.00
Unit II: 
Planning

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

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)

11.00
Unit IV: 
Motivation

Motivation-Meaning, Types of motivation, Importance, Theories of motivation-Maslow’s need-hierarchy theory, McGregor’s theory X and theory Y,Herzberg motivation-hygiene model, Victor-vroom expectancy model. William Ouchi’s motivation theory,

13.00
Unit V: 
Leadership

Leadership-Definition, Importance, Difference between leadership and management, Functions of a leader, Styles of Leadership-autocratic, participative and free-rein, Theories of leadership-trait theory, behavioural theory- likert’s system of management, Blake and Mouton’s Managerial Grid, and Tannenbaum and Schimidt’s Continuum of leadership style and situational theory- Fiedler’s Contingency Model

Essential Readings: 

Books Recommended:
1. 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
• Sudha G S., “Management”, RBSA Publishers, Jaipur.2007

References: 

• 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: 
2020-2021
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