Master of Management Studies (M.M.S) Fundamentals of Management Theory and Practice Syllabus - Mumbai University 2026

Course objectives

• 1 To introduce foundational concepts of vision, mission, values, and their strategic significance in management.
• 2 To equip students with tools to analyze internal and external business environments affecting organizations.
• 3 To develop understanding of core management functions—planning, organizing, leading, and controlling.
• 4 To foster critical thinking on leadership, ethics, change management, and organizational behavior.
• 5 To enable application of management theories to address contemporary organizational challenges.

Course outcomes

• CO1: Understand the relationship between organization vision, mission, values and Objectives
• CO2: Apply the concepts and frameworks to business contexts
• CO3: Analyze the impacts of internal and external environment of a firm on its responses
• CO4: Evaluate issues in planning, organizing, leading and controlling functions of management
• CO5: Create a plan to address contemporary organizational issues based on the frameworks and theories covered.

Unit 1 CO1 · 3 hours

Personal aspirations: vision, mission, values; Personal aspirations: vision, mission, values; Differences in Vision, mission amongst different kinds of organisation and types of environments they operate in; Models of motivation

Unit 2 CO1, CO2 · 3 hours

Framework of analysing aspirations - Campbell & Yeung model; Coherence and alignment of organisation aspirations; Link between aspiration and business performance

Unit 3 CO2, CO3 · 3 hours

Business environment: Operating in a Pluralistic Society, Technological and Innovative Environments

Unit 4 CO2, CO3 · 3 hours

Social responsibility and Ethics: Ecological Environment, Social Responsibility of Managers, Ethics in Managing - An Integrative Approach

Unit 5 CO1, CO2, CO3 · 3 hours

Planning, decision making & their impact: Types of Plans, Steps in Planning Objectives, Evolving Concepts in Management

Unit 6 CO2, CO3, CO4 · 3 hours

Elements of organising: The Nature of Organizing, Entrepreneurship and Reengineering, Formal and Informal Organizations, Organizational Division: The Department, Organizational Levels and the Span of Management

Unit 7 CO2, CO3, CO4 · 3 hours

Managing change: Managing Change, Organizational Conflict, Organization Development, The Learning Organization

Unit 8 CO2, CO3, CO4 · 3 hours

Leadership: Ingredients of Leadership, Trait Approaches to Leadership, Charismatic Leadership Approach, Leadership Behaviour and Styles, Situational, or Contingency, Approaches to Leadership

Unit 9 CO2, CO3, CO4 · 3 hours

Organization controls: The System and Process of Controlling, The Basic Control Process, Business Analytics, Critical Control Points, Standards, and Benchmarking, Control as a Feedback System, Real-Time Information and Control

Unit 10 CO3, CO4, CO5 · 3 hours

Contemporary issues in management practice

Textbooks

• 1 Essentials of Management, by Harold Koontz and Heinz Weihrich. 10th ed

Reference Books

• 1 In Search of Excellence, Tom Peters
• 2 Made in Japan, Akio Morita
• 3 The Asian Miracle, Michael Schuman
• 4 Get Better or Get Beaten, Jack Welch
• 5 Principles of Management, Peter Drucker
• 6 People and Performance, Peter Drucker