MBA Semester –1 SYLLABUS RTMNU
Principles of Business Management
Paper 1: Principles of Business Management
SECTION A
Unit I: Introduction - Nature, function, definition and importance of management, Definition, nature,
purpose and scope of management, Functions of a manager, an overview of planning, organizing and
controlling, Is management a science or art?
Unit II: Development of Management Thought - Scientific management; Contribution of Taylor, Fayol,
Mary Follet, Elton Mayo; Hawthorne experiments, Contingency approach, Indian heritage in production
and consumption.
Unit III: Management and Administration - Management and administration, Management as a
profession, Professionalism of management in India, Management ethics and management culture, Skills
required of manager, Classification of skills, Methods of skills development.
Unit IV: Management Planning - Concept of planning, objectives, Nature, Types of plan, Stages involved
in planning, Characteristics of a good plan, Importance, Limitations of planning, Making planning
effective, Strategic planning in Indian Industry.
Unit V: Decision Making - Concept, characteristics of decisions, Types of decisions, Steps Involved in
decision making, Importance of decision making, Methods of decision making, Committee Decision
Making.
SECTION B
Unit VI: Organisation - Concepts, Principle of organization, Importance, Features of good organization
structure, Types of Organisation structure.
Unit VII: Authority and Responsibility - Authority, Responsibilities and Accountability, Delegation of
Authority Barriers to effective delegation, Span of control.
Unit VIII: Coordination & Direction Concept - Importance and need for coordination, Principles of
coordination, Methods of achieving effective coordination; Meaning of direction, Importance and
Principles of direction, Characteristics of good directives.
Unit IX: Control - Concept, planning-control relationship, process of control -setting objectives,
establishing standards, measuring performance, correcting deviations. Brief review of Traditional
Techniques & Modern Techniques of Control; Human response to control; Dimensions or Types of
Control - (a) Feed forward control (b) Concurrent Control (Real Time Information & Control), (c)
Feedback Control v) Techniques of Control.
Unit X: Comparative study - Comparative study of main features of Japanese Management and Z culture
of American Companies.
Suggested Readings:
1.
Essentials of Management, Harold Koontz & Heinz, Weihrich, 5
th
Tata McGraw Hill
2.
Management Stoner, Freeman, Gilbert Jr. ,6th ,Prentice Hall
3.
Management (A Global Perspective), Heinz Weihrich &Harnold Koontz, 10th Tata McGraw Hill
4.
A Dictionary of Business 3ed. By Elizabeth Martin – Oxford
5.
Fundamentals of Management, Robins ,3rd Pearson Education Asia
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