HW_31593

Unit Details

  • Unit I: Management in Indian Culture and Tradition, Role of Manager, Functions and Responsibilities of Management, Principles of Management, Schools and Thoughts of Management.

    • Duration: 18 hours

    • Marks: 20

  • Unit II: Planning: Process, Types and Significance, Planning vs. Forecasting, Objectives, Strategies, Policies, MBO, Decision-Making Process and Significance, Planning for Start-ups.

    • Duration: 18 hours

    • Marks: 20

  • Unit III: Organization: Nature and Purpose of Organization. Importance and Process of Organization, Departmentalization, Organizational Structures: Types and Relevance, Line & Staff Relationship, Delegation of Authority, Decentralization, Differences between Authority and Power, Authority and Responsibility.

    • Duration: 18 hours

    • Marks: 20

  • Unit IV: Staffing and Directing: Meaning and Importance of Staffing, Recruitment (Sources), Selection, Training: Meaning, Importance, and Methods. Direction: Nature and Purpose, Leadership: Meaning, Importance, Types of Leadership, Leadership Styles. Motivation: Types & Significance, Maslow’s Need Hierarchy, Theory X and Theory Y of Motivation.

    • Duration: 18 hours

    • Marks: 20

  • Unit V: Controlling: Meaning and Concept, Characteristics, Need for Controlling, Importance and Process of Controlling, Effective Control System, Techniques of Control. An Overview of Strategic Management, SWOT Analysis, Strategic Analysis, Future Management Challenges and Skills.

    • Duration: 18 hours

    • Marks: 20

Reference Books

  • Neeru Vasishth, Vibhuti Vasishth, Principles of Management, Taxmann, 2022, Edition 1.

  • T. N. Chhabra, Principles & Practices of Management, Dhanpat Rai & Co. (P) Ltd, New Delhi, 2018.

  • LM Prasad, Principles of Management, Sultan Chand & Sons, New Delhi, 2019.

  • S.C. Saxena, Business Management, Sahitya Bhawan Publications, 2023.

  • Newman & Warren: The Process of Management: Concepts, Behaviour and Practice, P.H.I.

  • Diwan & Agrawal: Management, Principle and Practices, Excel Books.

  • Tripathi & Reddy: Principles of Management: TMH, 2008.

  • Drucker F. Peter: Management.

  • Rovwer J.C. & Daniel: Management & Practice.

  • Koontz H, Weihrich Heinz: Essentials of Management, 2001.

  • Nolakha R.L: Principles of Management: Ramesh Book Depot: 2009.

  • Sudha G.S: Principles of Management, 2009.

  • Shah and Tated: Management Concepts.

  • R.D. Agrawal: Organisation & Management, MC Graw Hill, New Delhi 1982.

  • S.M. Shukla, Principles of Management, Sahitya Bawan Publication, Agra (UP).

Management in Indian Culture and Tradition

  • Definition of Culture: Culture refers to the accumulated knowledge, experiences, beliefs, values, attitudes, and religion. It is fundamental to the social structure and influences various aspects of life in India.

  • Influences on Indian Management:

    • Indian culture is characterized by its diversity in languages, religions, and customs.

    • Major influences stem from religious traditions, including Hinduism, Buddhism, Jainism, and Sikhism, shaping philosophies and practices.

  • Key Principles of Indian Management:

    • Human Values: Emphasizes spiritual, ethical, and moral values in management practice.

    • Holism: Looks at the interconnectedness of various cultural influences and historical contexts.

Key Contributions by Kautilya Chanakya in Modern Management

  • Strategic Management: Advocated long-term planning and strategy formulation aligned with contemporary practices like SWOT analysis.

  • Leadership and Governance: Described the qualities of effective leaders and the necessity for ethical governance resembling modern corporate governance.

  • Human Resource Management: Provided guidelines on recruitment, training, and performance evaluation emphasizing merit-based practices.

  • Economic Policies: Introduced advanced economic policies, taxation, and fiscal strategies useful in today’s management.

  • Risk Management: Explained various risks and strategies for mitigation applicable in enterprise risk management today.

Management Lessons from Indian Culture

  • Value-Oriented Management: Profits should be ethically earned focusing on service satisfaction among stakeholders (Shubh-Labh).

  • Humanizing the Organization: Emphasizes interpersonal relations, man-machine interaction, and mental/spiritual growth within organizations.

  • Self-Management Practices: Enhances consciousness approach to manage oneself and others effectively.

  • Importance of Ethics and Character Development: Management must align with ethical practices and respect for cultural heritage.

Nature and Importance of Management

  • Nature of Management: Management is a purposeful, dynamic, and universal activity focused on achieving organizational goals through the efforts of a group.

  • Importance of Management: Enhances efficiency in resource utilization, establishes sound organizational structures, and supports society's betterment.

Functions of Management

  • Planning: Forecasting, objective formation, and establishing methods to achieve goals.

  • Organizing: Structuring resources effectively and establishing relationships.

  • Staffing: Recruitment and training to ensure the right personnel are employed.

  • Directing: Engaging in decision-making and providing leadership.

  • Controlling: Monitoring performance against standards and implementing corrective actions.

  • Communication: Essential for coordination and motivation within the organization.

Key Managerial Skills

  • Conceptual Skills: Ability to understand complex ideas and generate new concepts.

  • Analytical Skills: Solve problems and make decisions by breaking down complex situations.

  • Human Relation Skills: Understanding and managing interpersonal relationships effectively.

  • Administrative Skills: Implementing plans and ensuring orderly performance.

  • Technical Skills: Necessary for frontline managers dealing directly with the workforce.