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SYLLABUS

  • 1. NATURE OF MANAGEMENT
    • 1.1 Meaning & Importance, Functions
    • 1.2 Role of Managers
    • 1.3 Management as an Art, Science, Profession and Social System
    • 1.4 Concept of Management, Administration, Organization & Universality of Management
  • 2. EVOLUTION OF MANAGEMENT THOUGHT
    • 2.1 Concept of Managerial Thoughts
    • 2.2 Contribution of Frederick Taylor, Elton Mayo, Henry Fayol, and Peter Drucker
    • 2.3 Indian Management Ethos and Different Styles (e.g., J.R.D Tata, Dhirubhai Ambani, N.R Narayana Murthy, Verghese Kurien)
  • 3. MAJOR MANAGERIAL FUNCTIONS
    • 3.1 Forecasting: Meaning, Need, Types, Methods, Advantages, Merits, Disadvantages
    • 3.2 Planning: Meaning, Need, Types, Methods, Advantages, Merits, Disadvantages
    • 3.3 Organizing: Meaning, Concept, Delegation of Authority: Meaning, Importance, Decentralization: Concepts, Meaning, and Importance
    • 3.4 Decision Making: Types, Process, and Techniques, Directions, Nature, and Principles
    • 3.5 Motivation: Meaning, Importance, Nature, Principles, and Theories
    • 3.6 Controlling: Meaning, Needs, Process, Techniques
  • 4. RECENT TRENDS IN MANAGEMENT
    • 4.1 Management of Change, Management of Crises, Total Quality Management (TQM): Meaning, Merits, Demerits
    • 4.2 Knowledge Management: Meaning, Merits, Demerits
    • 4.3 Outsourcing: Meaning, Merits, Demerits

NATURE OF MANAGEMENT

1.1 MEANING AND IMPORTANCE

Meaning of Management
  • Managing is a crucial human activity that ensures coordination of efforts in organized groups.
  • The increasing reliance on group efforts in society has elevated the importance of management.
  • Organizations depend on efficiently managing factors of production, meaning that the study of management is critical for all managers and individuals.
Definitions of Management
  • Management involves organizing people to achieve shared goals. Key definitions include:
    • Cooperative group direction towards common goals.