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The fundamental course “Principles of Management” introduces students to the core ideas, and
practices of Management. The concept of Management, its principles, scope, cycle, levels as well as
functions such as planning, organizing, staffing and selection, leadership, motivation, communication,
and controlling are outstandingly covered in this course. It offers a tenacious foundation for managing
any types of organizational operations, making wise business choices, as well as pursuing jobs in the
following sector as well as entrepreneurship.
Actuarial analyst
Arbitrator
Business adviser
Business analyst
Business development manager
Chartered management accountant
Corporate investment banker
Data analyst
Data scientist
Forensic accountant
Insurance underwriter
Management consultant
Project manager
Risk manager
Stockbroker
Supply chain manager
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Course Overview
“Principles of Management” is designed to introduce students to the fundamental principles and
concepts of Management. It serves as a foundation for more advanced Management courses and
provides students with the knowledge and skills necessary for understanding managerial functions of
planning, organizing, staffing, leading, and controlling. The course details the fundamental principles
of management functions along with highlighting the contemporary developments in the management
process. The course typically covers topics such as:
Introduction to Management
Developing Mission, Vision, and Values
planning
Organizing
Staffing and Selection
Leadership
Motivation
Communication
Controlling
Course Objectives
Course Contents
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Leadership, Entrepreneurship, and Strategy, Planning, Organizing. Leading, and Controlling,
Economic, Social, and Environmental Performance. Performance of Individuals and Groups.
Developing Mission, Vision, and Values: Developing Mission, Vision, and Values, Case in Point:
Xerox Motivates Employees for Success, The Roles of Mission, Vision, and Values, Mission and Vision
in the P-O-L-C Framework, Creativity and Passion, Stakeholders, Crafting Mission and Vision
Statements, Developing Your Personal Mission and Vision.
Staffing and Selection: Concept of staffing and human resources, Relation of staffing and human
resources management, Importance/objectives of staffing. Staffing process, Recruitment, Sources of
recruitment, Ways of recruitment, Advantages of recruitment from internal sources, Disadvantages of
recruitment from internal sources, Demerit of selection from external sources, Staff selection, Method
of selection, Difference between recruitment and selection, Appointment of employees, Ways of
appointment. Staff training, Importance of training. Methods of training.
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Controlling: Concept of controlling. Features of controlling. Importance of controlling, Principles of
controlling, Limitations/disadvantages of controlling, Steps of controlling. Techniques of controlling.
Various controlling mechanisms in business.
Understanding the organizational objectives: We are now able to deeply feel organizational
objectives, mission and vision.
Critical Thinking and Analysis: The course aims to enhance our critical thinking skills enabling them
to make informative decisions
Conclusion
We believe that achieving these learning objectives will prepare us for success in our academic and
professional endeavors, equipping them with a strong foundation in Management principles that can be
applied across various industries and roles. The learnings from the course will help us to do better in
the future advanced Management courses.
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