Fundamentals of Business Management

Syllabus

Course Code: 2T2

FUNDAMENTALS OF BUSINESS MANAGEMENT

UNIT I

Introduction -Nature, Function, Definition and Importance of Management, Definition, Nature, Purpose and Scope of Management, Functions of a Manager, is Management a Science or Art? Development of Management Thought -Scientific Management; Contribution of Taylor, Fayol, Mary Follet, Elton Mayo; Hawthorne Experiments,
Contingency Approach.

UNIT II

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 III

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 VI

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. Organisation -Concepts, Principle of Organisation, Importance, Features of Good Organization Structure, Types of Organisation Structure.