Principles of Management Notes | B.B.A. LL.B. (Five Years) Semester 1 | SPPU | munotes

Contents

Module 01 Nature of Management

1. What Management Is: Meaning, Definitions and Nature 1
2. The Scope, Objectives and Importance of Management, and the Levels of Management 8
3. The Management Process and the Functions of Management 13
4. Organising: Meaning, Process and Principles 17
5. The Relationship between Law and Management 21

Module 02 Evolution of Management Thoughts

1. The Evolution of Management Thought 24
2. Taylor's Scientific Management 30
3. Fayol's Theory: The Elements and the Fourteen Principles of Management 36
4. Elton Mayo and the Hawthorne Experiments 42
5. Peter Drucker's Contribution to Management 47
6. C. K. Prahalad and the Bottom of the Pyramid 51

Module 03 Management and Environment

1. The Business Environment: Meaning, Features and Types 54
2. The Internal Environment and the Micro Environment of Business 59
3. The Economic Environment of Business 63
4. The Political, Legal and Government Environment 69
5. The Socio-Cultural and Demographic Environment 74
6. The Natural, Technological and Global Environment 78
7. Environmental Analysis: Meaning, Stages and Techniques 82
8. The Impact of Technology on Business Decision Making 87

Module 04 Functions of Management

1. What Planning Is: Concept, Features, Significance and Limitations 91
2. The Planning Process 96
3. Types of Plans and Types of Planning 100
4. Different Approaches to Planning 104
5. Objectives and Management by Objectives 107
6. Policies, Procedures and Rules 111
7. Forecasting: Meaning, Process, Techniques and the Elements of a Good Forecast 115
8. Decision Making: Meaning, Types and Process 120
9. Organisation Structure and Its Forms 124
10. Line Organisation and Line and Staff Organisation 129
11. Functional Organisation 134
12. Departmentation and Divisionalisation 137
13. Formal and Informal Organisation 141
14. Span of Control and Chain of Command 145
15. Authority, Responsibility and Accountability 150
16. Delegation of Authority 154
17. Centralisation and Decentralisation 158

Module 05 Functions of Management

1. Staffing: Meaning, Importance, Factors and Process 162
2. Recruitment: Meaning, Process, Sources and Methods 166
3. Selection: Steps, Tests, Interviews, Placement and Induction 171
4. Training: Meaning, Need, Methods, and Training Compared with Development and Education 176
5. Performance Evaluation: Meaning, Process and Methods 180
6. Promotion, Transfers and Demotion 184
7. Retention and Attrition 189
8. Leadership: Meaning, Features, Importance and Qualities 193
9. Leadership Styles 197
10. Motivation: Meaning, Features, Importance, Types and Theories 201
11. Maslow's Theory: The Hierarchy of Needs 205
12. McGregor's Theory X and Theory Y 209
13. Managerial Control: Meaning, Nature and Need 213
14. The Steps in Control and the Features of an Effective Control System 217

Module 06 Conflict Management and Co-ordination

1. Conflict and Conflict Management 221
2. Co-ordination: The Essence of Management 224

Module 07 Strategic Management

1. Strategy and Strategic Planning 228
2. The Role of Strategic Management and Competitive Advantage 232