Principles and Functions of Management Bihar B.Com 1st Semester

Unit

Topics to be Covered

No. of Lectures

1

Principles of Management

Management-Meaning and Characteristics; Fayol’s 14 Principles of Management; Levels of Management Importance of Management, Arts and Science of Management – Skills of Management; Scientific Management-Meaning, Objectives, Relevance and Criticism.

10

2

Functions of Management: Planning and Organising

Planning-Meaning, Characteristics, Types of Plans, Advantages and Disadvantages – Approaches to Planning-Management by Objectives (MBO) - Steps in MBO - Benefits – Weaknesses; Organising-Process of Organising; Principles of Organisation-Formal and Informal Organisations – Line, Staff Organisations, Line and Staff Conflicts. Functional Organisation; Span of Management – Meaning –Determining Span – Factors influencing the Span of Supervision.

10

3

Functions of Management: Authority and Coordination

Meaning of Authority, Power, Responsibility and Accountability-Delegation of Authority-Decentralisation of Authority; Definition, Importance, Process, and Principles of Coordination Techniques of Effective Coordination.

10

4

Functions of Management: Control and Communication

Control-Meaning, Relationship between Planning and Control, Steps in Control–Types (Post, Current, and Pre-Control). Requirements for Effective Control. Communication-Purpose, Process, Formal and Informal Communication, Barriers to Effective Communication and Overcoming These Barriers.

15

5

Functions of Management: Motivation and Leadership

Motivation-Meaning, Importance, Major Motivation Theories-Maslow’s Need Hierarchy Theory, Herzberg’s Two-Factors Theory, Vroom’s Expectation Theory, Extrinsic and Intrinsic Motivation; Leadership-Meaning, Theories, Essential Qualities, Global Leadership Attributes, Practicing Leadership.

15