Principles of Management Notes

 

 

“Principles of Management” is a fundamental subject in business and organizational studies that focuses on the concepts, practices, and strategies used by managers to effectively oversee and guide their teams or organizations. It covers a variety of management principles that can be applied across different industries and sectors.

UNIT-I: Nature of Management

1. Meaning and definition of management in business
2. Nature and purpose of management in organizations
3. Key functions of management: planning, organizing, staffing, directing, controlling
4. Management as an art and Management as a science
5. Management as a profession: roles and responsibilities
6. Key concepts of management, administration, and organization differences
7. Importance of management skills and Different levels of management in an organization

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UNIT-II: Evolution of Management Thought

1. Contributions of F.W. Taylor to scientific management theory
2. Henri Fayol’s principles of management and their relevance
3. Elton Mayo’s human relations approach to management , Chester Barnard’s theory of executive functions in organizations & Peter Drucker’s modern management concepts and practices
4. Concept of business ethics and its importance in decision-making
5. Understanding the shift towards ethical practices in business & Practical tools for ensuring business ethics and corporate responsibility

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UNIT-III: Functions of Management – Part I

1. Meaning of planning in management and its importance, Need for effective planning in organizational success, Types of planning processes used in business management, Step-by-step process of planning in an organization, Barriers to effective planning and how to overcome them, Advantages and limitations of organizational planning & Levels of planning in organizational structures
2. Need for forecasting in management decision-making & techniques of forecasting in business planning
3. Types of decision-making processes in management, steps in the rational decision-making process for businesses & techniques for effective decision-making in management
4. Elements of organizing in business management, organizational process and its impact on business operations, types of organizational structures in management, delegation of authority in management: need and challenges & difference between delegation and decentralization 
5. Meaning and importance of staffing, directing & types of communication in management and their importance

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UNIT-IV: Functions of Management – Part II

1. Motivation & Leadership in management
2. Introduction to Total Quality Management (TQM) in businesses & Need for coordination in organizational management

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UNIT-V: Management of Change

1. What is management of change? :- Models of change, Forces driving change in business environments, New trends in organizational change management practices & Stress management in workplace productivity

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UNIT-VI: Strategic Management

1. Definition and scope of strategic management in businesses, Types and classes of strategic decisions in organizations, Levels of decision-making in strategic management processes, Meaning and importance of strategy in business success, Role of strategists in formulating business strategies & Understanding the application of strategic management in India