Principles and Practice of Management Notes | B.Com. LL.B. (Five Years) Semester 2 | KSLU | munotes

Contents

Unit I

1. Principles and Practices of Management: What This Paper Covers, and How to Read This Book 1
2. What Management Is: Meaning, Definitions and Nature 4
3. The Scope, Objectives and Importance of Management, and the Levels of Management 11
4. The Evolution of Management Thought 16
5. Taylor's Scientific Management 22
6. Fayol's Theory: The Elements and the Fourteen Principles of Management 28
7. Elton Mayo and the Hawthorne Experiments 34
8. Peter Drucker's Contribution to Management 39
9. The Management Process and the Functions of Management 43

Unit II

1. What Planning Is: Concept, Features, Significance and Limitations 47
2. The Planning Process 52
3. Types of Plans and Types of Planning 56
4. Different Approaches to Planning 60
5. Strategy and Strategic Planning 63
6. Objectives and Management by Objectives 67
7. Policies, Procedures and Rules 71
8. Decision Making: Meaning, Types and Process 75
9. Forecasting: Meaning, Process, Techniques and the Elements of a Good Forecast 79

Unit III

1. Organising: Meaning, Process and Principles 84
2. Organisation Structure and Its Forms 88
3. Line Organisation and Line and Staff Organisation 93
4. Functional Organisation 98
5. Formal and Informal Organisation 101
6. Authority, Responsibility and Accountability 105
7. Delegation of Authority 109
8. Centralisation and Decentralisation 113
9. Departmentation and Divisionalisation 117
10. Span of Control and Chain of Command 121
11. Co-ordination: The Essence of Management 126

Unit IV

1. Staffing: Meaning, Importance, Factors and Process 130
2. Recruitment: Meaning, Process, Sources and Methods 134
3. Selection: Steps, Tests, Interviews, Placement and Induction 139
4. Training: Meaning, Need, Methods, and Training Compared with Development and Education 144
5. Promotion, Transfers and Demotion 148
6. Performance Evaluation: Meaning, Process and Methods 153
7. Retention and Attrition 157

Unit V

1. Leadership: Meaning, Features, Importance and Qualities 161
2. Leadership Styles 165
3. Motivation: Meaning, Features, Importance, Types and Theories 169
4. Maslow's Theory: The Hierarchy of Needs 173
5. McGregor's Theory X and Theory Y 177
6. Communication: Meaning, Importance, Process and the Features of Good Communication 181
7. Types of Communication 185
8. Barriers to Communication and How to Overcome Them 188
9. Managerial Control: Meaning, Nature and Need 192
10. The Steps in Control and the Features of an Effective Control System 196