Course Title Principles of Management Course Dr. Alpana Karanjule Instructor/s Dr. Farha Khan Prof. Max D’Souza Prof. Vivek Saurav Course 4 Credit Program and FYBBA, FYB.SC (Finance) and FYB.Com (Hons.) – SEMESTER I Semester Pre- Pre-reading material, lectures, documentaries, Newspaper articles, TED Requisite talks, videos, Case studies, business interviews, Movies. Learning (1) To familiarize students with the various management & business Objectives concepts. (PLO4a) (2) To provide a base and help students understand how management theories are applied and implemented in business. (PLO2a) (3) Help them understand and apply the concepts and develop skills within management as a discipline. (PLO3b) Learning (1) The students will understand and interpret the managerial tools and Outcomes practices applicable in business world (CLO1) (2) The student will discover & evaluate how different management systems and approaches are used around the world in different organizations (CLO2) (3) The students will be able to appraise the problems encountered in managerial world and choose the possible solutions (CLO3) Course The course intends to provide familiarization with the elementary & Description intermediate concepts applied in contemporary management practice and many of the concepts learnt will form the foundation for subsequent courses in strategy, operations and HRM in subsequent semesters. It would give adequate opportunities to students to understand the topics within planning, decision-making, leadership, coordination, controlling and change management. The course intends to provide a holistic perspective of the business world through the lens of management practices, principles and processes. Evaluation Specific % AOL Instruments Pattern Assessment Weight Methods / age Task CLO CLO CLO3 1 2 Mid-term 20% Subjective Tests ✓ ✓ ✓ Exam (Application based 20 Marks questions)
Assignment 10% Case Study based ✓ ✓ ✓
10 Marks assignment, Quiz. Project Work 10% HBR Cases, Research ✓ ✓ ✓ 10 Marks Articles, Application based topics for Project. Presentation 10% HBR Cases, Research ✓ ✓ ✓ & Viva Articles, Application 10 Marks based topics for Presentation.
Term End 50% Subjective Tests ✓ ✓ ✓
Examination (Application based 50 Marks questions)
Course Session Plan
Session Topics / Module Chapters (Mention Page
Mention Topic / Module with Learning Numbers) / Articles / Cases / Outcome Material and Activities Management: Meaning and Characteristics, KW.E11: Pg. 5 & 32-35 1 Functions of Management 2 Levels of Management SR.E15: Pg. 6-7 3 Management Roles SR.E15: Pg. 11-11 4 Managerial Skills SR.E15: Pg.11-12 5 Management – Art or Science? KW.E11: Pg. 14-14 Qualities of an Effective Manager Articles and Online sources Learning Outcome (Module I): Students will become aware of the foundational concepts and assumptions on which the subsequent advanced topics would be built up. 6 Classical Management Approaches: SR.E15: Pg. 29-30 A. Scientific Management (Taylorism and New Taylorism) 7 B. Administrative Management SR.E15: Pg. 31-32 (Henry Fayol’s 14 principles) & Bureaucratic Theory by Max Weber 8 Behavioural Approach: SR.E15: Pg.33-36 & Human Relations School - The Hawthorne KW.E11: Pg. 18-19 studies 9 Quantitative Approach SR.E15: Pg. 36-37 10 Contemporary Approaches: SR.E15: Pg.37-38 (a) The Systems Approach 11 (b) Contingency Approach SR.E15: Pg. 38-39 Learning outcome (Module 2): Students will learn that management is not “one-approach” but it is more about integration of multiple approaches and perspectives that help in arriving at a decision. In addition, students understand that the theory is not static but more dynamic, which continuously has evolved over the years.
12 Evolution of Management Thought. Articles and Online sources &
(a) Peter Drucker (Managing Oneself, SR.E15: Pg. 243-245 Management by Objective) 13 (b) Michael Porter (5 Forces Model) Articles and Online sources 14 (c) Peter Senge (Learning Organization) Articles and Online sources & KW.E11: Pg. 364-365 15 (d) C.K. Prahalad (Fortune at the bottom of Articles and Online sources & the pyramid, Strategic Intent) KW.E11: Pg. 141-141 16 (e) Herbert A Simon (Bounded Rationality) Articles and Online sources & SR.E15: Pg. 52-52 17 (f) Sumantra Ghoshal (Focus energy matrix)) HBR Articles Learning outcome – Module 3: Students would read the research of leading contemporary management thinkers who have shaped the current narrative and epistemology of modern management and its practices. 18 Planning and Decision Making: SR.E15: Pg.236-237 (a) Meaning and Characteristics of Planning 19 (b) Importance of Planning, SR.E15: Pg.236-237 (c) Limitations of Planning Articles and Online sources 20 (d) Types of Plans; SR.E15: Pg. 238-239 21 (e) Steps in Planning Process, KW.E11: Pg. 117-121 22 Decision Making: SR.E15: Pg.55-56 (a) Meaning (b) Types of Decisions 23 (c) Decision Making Process SR.E15: Pg.48-51 (d) Managerial Biases SR.E15: Pg.58-59 Learning outcome – Module IV: At the end of this module, students will understand that sustainability of businesses and consistent growth of businesses depend on setting the right goals based on right problem definition and execution depends on effective decisions at every stage of the plan. 24 Organizing: KW.E11: Pg. 194-195 (a) Meaning (b) Constituents of organizing 25 Organization Structures: SR.E15: Pg. 317 (a) Meaning 26 (b) Types of Organization Structures SR.E15: Pg. 327-333 27 Departmentalization: SR.E15: Pg. 319-320 (a) Meaning (b) Types of Departmentalization 28 Span of Control: KW.E11: Pg. 197-197 (a) Meaning (b) Types: Narrow & Wide SOC 29 (c) Advantages & Disadvantages of Narrow KW.E11: Pg. 198-198 & Wide SOC 30 (d) Factors determining the SOC SR.E15: Pg. 321-323 31 Delegation of Authority: T&R.E5:Pg. 161-162 (a) Meaning (b) Process of Delegation KW.E11: Pg. 241-241 32 (c) Advantages & Barriers TR.E5:Pg. 162-164 33 (d) Guidelines for Effective Delegation TR.E5:Pg. 164-164 34 Centralization Vs. Decentralization: SR.E15: Pg. 324-325 (a) Meaning & Factors affecting the use of Centralization or Decentralization (b) Difference: Delegation & Decentralization TR.E5:Pg. 162-164 35 (c) Advantages & Disadvantages of TR.E5:Pg. 165-166 Centralization & Decentralization. Learning outcome – Module V: Students will understand the influence of organizational structure on decision-making and control in different contexts in the business environment. In addition, they will understand the flow of communication and authority in the different structures. This module is very beneficial also for aspiring entrepreneurs to decide on the appropriate structure or SOC for their start-ups. 36 Human Resource Management: SR.E15: Pg. 348-349 (a) Meaning and Importance 37 (b) HRP: Process SR.E15:Pg. 353-353 Job Analysis: SR.E15:Pg. 353-353 Meaning & Components 38 Recruitment: SR.E15: Pg. 354-356 (a) Meaning and Importance (b) Sources of Recruitment 39 Selection: TR.E5:Pg. 209-211 (a) Meaning (b) Selection Process 40 Orientation & Training: SR.E15: Pg. 359-362 (a) Meaning and Types of Orientation & Training 41 Performance Evaluation: SR.E15: Pg. 362-363 (a) Meaning and Methods Learning outcome – Module VI: This will not only cover the staffing element of management but also form the basis for detailed discussion on Human Resource Management in subsequent semesters. 42 Leadership: SR.E15: Pg. 521-522 (a) Meaning and Traits 43 (b) Leadership Styles by University of IOWA: SR.E15: Pg. 523-523 (Authoritative, Democratic, Laissez-faire style) 44 (b) Leadership Styles SR.E15: Pg. 532-532 Narcissistic Leadership, Mindful Leadership, & Articles/ Internet sources, Servant Leadership, Zeitgeist Leadership HBR Articles 45 Contemporary View of Leadership: SR.E15: Pg. 530-531 (c)Transactional & Transformational Leaders 46 Motivation: SR.E15: Pg. 485-486 (a) Meaning and Process (b) Nature of Motivation SR.E15: Pg. 485-486 47 (c) Motivational Theories- SR.E15: Pg. 486-487 Maslow’s Hierarchy of Needs 48 Motivational Theories – McGregor Theory X SR.E15: Pg. 487-487 & Theory Y 49 Motivational Theories- Herzberg’s Two- SR.E15: Pg. 487-488 Factor Theory 50 Motivational Theories – McClelland’s Three- SR.E15: Pg. 488-489 Needs Theory of Motivation 51 (d) Motivational Tools & Techniques Internet & Online articles Learning outcome – Module VII: Management is all about “managing people” and leadership as well as the various motivational processes are the key. Students would know application of motivation processes in various business contexts. They would be exposed to cases of some charismatic, transformative and effective leaders. 52 Co-ordination (a) Meaning and Need TR.E5:Pg. 175-179 (b) Types of Coordination TR.E5:Pg. 180-181 53 (c) Techniques of Coordination TR.E5:Pg. 181-182 54 (d) Difficulty in Coordination TR.E5:Pg. 183-184 Learning outcome – Module VIII: Students will understand the various kinds of coordination techniques used by effective managers.
55 Controlling SR.E15: Pg. 561-562
(a) Meaning and Characteristics (b) Importance of Controlling SR.E15: Pg. 561-562 56 (c) Control Process SR.E15: Pg. 562-566 57 (d) Types and Tools of Controlling SR.E15: Pg. 569-576 Learning outcome – Module IX: Successful organizations have appropriate control processes in place and students would learn to design such process and use appropriate control technique to continuously assess the performance of the business.
58 Organization Change SR.E15: Pg. 195-197
(a) Need for change/ Factors responsible for Change 59 (b) Process of Change (Kurt Lewin 3-step SR.E15: Pg. 197-199 process) 60 (c) Types of Change SR.E15 Pg. 199-202 (d) Adaptation to change SR.E15 Pg. 202-204 Learning outcome – Module X: Students would know the basic elements of organizational change important to create adaptive and resilient organization that will be more sustainable in a dynamic competitive environment.
Prescribed Text Books:
Text Books: Reading List and Robbins & Coulter, Management. Pearson, New Delhi, Edition 15e, 2022 References Koontz, Weihrich & Cannice, Essentials of Management. McGraw Hill, New Delhi, Edition 11e, 2020 Ghuman & Aswathappa. Management: Concept, Practice & Cases. McGraw Hill, New Delhi, Edition 6e, 2018
(1) KW.E11 - Essentials of Management by Harold koontz, Heinz Weihrich,
Mark V. Cannice, Edition 11e, 2020 (2) SR.E.15 - Management, Stephen P Robbins, Mary Coulter, Amy Eandel, Rajeesh Viswanathan, Edition 15e, 2022
References:
Richard L Daft, Management. Cengage Learning, Edition 14e, 2021
Tripathi, Reddy & Bajpai. Principles of Management. McGraw Hill, New Delhi, Edition 7e, 2021 Peter Senge, The Fifth Discipline. Crown Publishing Group, 2006 (Classic book) Peter F Drucker, Management. HarperCollins publishers, New York, 2008 (Classic Book).
Any other information:
Note: Latest edition of the textbook may be used. Prepared by Faculty Approved by Program Approved by Associate Deans Members Chairperson Dr. Alpana Karanjule Dr. Farha Khan Prof. Max D’Souza Prof. Vivek Saurav Prof. Khushboo Garg