FUNDAMENTALS OF MANAGEMENT

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

Course Outcomes

Course Outcomes

Learning and teaching strategies

Assessment

Strategies

  
 

On completion of this course, the students will be able to;

CO 1.Analyze the Functions and Principles of Management

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

CO 3.Distinguish and Analyze various theories of Motivation

CO 4.Distinguish and analyze various theories of Leadership.

CO 5.Analyze various steps and techniques of controlling.

CO 6.Evaluate and 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

  
 

 

12.00
Unit I: 
Management

Concepts, Functions, Significance of management, Management and administration, Levels of management.

Principles of Management-Concept, Significance, Principles by Henry Fayol and F.W Taylor, Approaches/schools of management thought – Classical, Neo-Classical and Modern.

 

12.00
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)

 

12.00
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,

 

12.00
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

*Case studies related to entire topics are to be taught.

 

Essential Readings: 
  • Chhabra T.N “Principles and Practice of Management” DhanpatRai& Co. PvtLtd,New Delhi
  • Ashwathappa K. “ Organizational Behaviour”,Himalaya Publishing House,12th Edition 2017

 

 

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

E-resources:

  • Asian Journal of Management Cases, http:// sagepub.com
  • South Asian Journal of Business and Management Cases, http:// sagepub.com

Journals:

  • Harvard Business Review
  • Nirma University Journal of Business & Management Studies

 

Academic Year: 
2022-2023
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