The National Education Policy, 2020 heralds new hopes, new inspirations, new vistas and new destination for Commerce and Management student community. The present book is authored keeping in mind the student-centric, self-cognising and learning based outcomes. The visionary NEP will fructify in course of time bringing greater value, utility and meaningfulness to the learners, who form the significant human capital of our country. Much emphasis is given on skill enhancement in all disciplines so that the students after completion of their programme in higher educational institutions are to be enabled to setup his/her own course of career or entrepreneurship.
Keeping the above intent of the NEP-2020 and in line with the syllabus carved out by the committee, the subject Management Principles and Practice is written. It is a student-friendly and learner-centric textbook for the entire country. Since the subject belongs to Discipline Specific Core, the content of each module is effectively presented for easy and simple understanding by all.
In the first module of the textbook, the Introduction to management, encompassing its nature, scope, importance, management thoughts, evolution of management are thoroughly deliberated keeping in mind, the NEP intent.
In the second module, Purpose of Planning, Planning Process; Objectives; Types of plans, Decision making are covered. In the third module, the concept of Organization; Principles of Organizing; Delegation of Authority; Nature and Importance of Staffing are meticulously covered.
In the fourth module, Directing and Communicating, Communication Barriers, Types of Communication; theories of Motivation and styles of leadership are lucidly portrayed.
Eventually, in the fifth module Coordination, Importance and Principles, Techniques of Control are covered. In the sixth Business Social Responsibility – Meaning, Arguments for and against Business Social Responsibility; Green management, Ethics in Business are systematically presented therein.
Each chapter is meticulously presented with learning objectives, detailed discussion of concepts, theories, models and living cases with examples. The book is reader friendly and worth treasuring it for posterity. Each chapter ends with objective, analytical and essay type questions. We have authored with great care and if at all there are any errors and discrepancies, the readers are requested to offer their constructive suggestions and continuously patronise us as before.
Contents –
1. Introduction to Management
2. Planning and Decision Making
3. Organizing and Staffing
4. Directing and Communication
5. Coordination and Controlling
6. Business Social Responsibility and Managerial Ethics
Skill Development Activities
