PRINCIPLES OF MANAGEMENT

UNIT-I Fundamentals of Management:Definition of Management and Administration Role of Management.Principles Taylors concept of Scientific Management Henry Fayols Principles of Management Introduction to Management theory Systems approach to Management Functions of Management. UNIT-II Planning:Introduction, Types of plans Objectives - Management by objectives (MBO) Process of MBO Benefits and limitations of MBO. UNIT-III Decision Making:Concept Strategic and tactical Decisions Decision making process. Leadership: Importance of Leadership Difference between Leader and Manager Functions of a Leader Leadership styles UNIT- IV Organizing :Types of organization Span of management Authority- Difference between Authority and Power Delegation of Authority Principles of Delegation -Centralization and Decentralization Line and Staff Authority. . Text book: 1. Koontz, Essentials of Management, Tata McGraw-Hill, 5th Edition, 2001. . 2. J.S.Chandan, Management Concepts and Strategies, Vikas Publishing House, 2002. References: 1 Principles & Practice of management by L. M. Prasad, Sultan Chand & Sons. 2.Industrial Engineering and Management by O.P. Khanna , Dhanpat Rai publications. 3. Ravindran, Philips and Solberg, Operations Research: Principles and Practice. Second edition, 2005, John Wiley & Sons.