Management Principles (Sem 1, BBA Nagpur Univ)

We have great pleasure in presenting First edition “Management Principles” written for students of UG courses. The related matters are written in a simple and easily understandable.

This volume is an attempt to provide the students with thorough understanding of Management Principles. We have presented the subject matter in a systematic manner with liberal use of charts and diagrams where ever necessary so as to make it interesting and sustain students’ interest.

Contents –

Unit – 1 Introduction to Management
Introduction
Definition of Management
Nature of Management
Function of Management
Importance of Management
Purpose of Management
Scope of Management
Functions of a Manager
is Management a Science or Art?
Management and Administration
Management and Administration
Management as a Profession
Professionalism of Management in India
Management Ethics
Management Culture
Skills Required of Manager
Review Questions

Unit – 2 Management Planning
Introduction
Concept of Planning
Objectives of Planning
Nature of Planning
Types of Plans
Stages Involved in Planning
Characteristics of a Good Plan
Importance of a Good Plan
Limitations of Planning
Strategic Planning
MBO
Definition of MBO
Objective of MBO
Process of MBO
Review Questions

Unit – 3 Decision Making
Introduction
Concept of Decisions
Characteristics of Decisions
Types of Decisions
Steps Involved in Decision Making
Importance of Decision Making
Methods of Decision Making
Committee Decision Making
Direction
Principles of Direction
Importance of Directions
Characteristics of Directions
Issuing Orders or Instructions
Review Questions

Unit – 4 Organisation
Introduction
Concepts of Organization
Principle of Organization
Importance of Organization
Features of Good Organization Structure
Types of Organisation Structure
Centralization
Decentralization
Departmentalization
Span of Control
Delegation of Authority
Authority
Responsibility
Accountability
Review Questions