Subject: - Management Perspective: Course Plan Faculty: Dr. veer gangwar/ Dr.

Bhawna Syal, (Marketing) COURSE PERSPECTIVE : The students will better appreciate the issues they will face in running any business by way of knowing & understanding the practice of management & trace its evolution, current issues like environmental awareness, ethics & social responsibility, globalization, entrepreneurship, diversity & multiculturalism, common roles & responsibilities of managers such as planning, organizing, leading & controlling within the framework developed for effective functioning of the organisation. The students will also know the interconnectedness of various disciplines & importance of human relationships in any business function. COURSE OBJECTIVES: The objective of the course is to provide an understanding of basic concepts, principles and practices of management. The aim is to inculcate the ability to apply multifunctional approach to organizational objective. COURSE CONTENTS Unit: 1 History and Concepts of Business, trade, industry and commerce- Business features of business, Trade and Industry; Classifications; Relationship between trade, industry and commerce, Introduction and Role of Management. Unit: 2 Organisations & need for management : Difference between managers and operative employees, what is meant by the term management, value of studying management, differentiation between efficiency and effectiveness, the four primary processes of management, the three levels of managers and the primary responsibility of each group, The essential roles performed by managers, the four general skills necessary for becoming a successful manager, the relevance of popular humanities and social science courses to management practices. Why study management theory?: Evolution of management theory, Scientific management school, Classical organisation theory school, The behavioural school approach, Relations theories, The management science school, Recent developments in management theory, The Systems approach, The contingency approach Unit: 3 Planning: Definition of planning, the potential benefits of planning, potential drawbacks to planning, strategic and tactical plans, directional plans vs. specific plans, management by objectives, the steps in the strategic management process. Unit: 4. Organizing: Six elements of organization structure, advantages and disadvantages of work specialization, authority vs. power, five different ways by which management can departmentalize, mechanistic and organic organizations, the effect on organization structures of strategy, size, technology, and environment. Divisional and functional structures, strengths of the matrix structure, the boundary less organization and what elements have contributed to its development, learning organization, organization culture . Unit: 5.

Directing & Supervising: Meaning, Features, Importance, Principles of Direction, Elements of Direction, Need for Supervision, Skills of a supervisor, Supervisory Roles, How to supervise effectively, Traditional Vs. Developmental Supervision. Delegation of authority: Nature of delegation, Principles of delegation, Under/Over delegation, Advantages of delegation, Important decisions in delegation, Delegation problems, Guidelines for effective delegation. Unit: 6. Controlling: The meaning of control, Importance of control, Process of control, Tools of control, Designing control systems. Unit: 7. Decision making: The steps in the decision-making process, four major decisionmaking styles, the advantages and disadvantages of group decisions, techniques for improving group decision making. Unit: 8. Coordination: Concept, Importance, Differentiation and Integration, Approaches to achieving effective coordination. Unit: 9. Forms of Business Organization: Classification Factors influencing the choice of suitable form of organization: Sole Proprietorship, Partnership, Joint Hindu Family Business, Joint Stock Company.

. Students Roles & Responsibilities : for better learning and comprehension of the subject, the students are expected to: Take Initiative Study Regularly Refer additional reading Read Business News paper & Magazines. Interact regularly with course faculty. Complete all assignment, activities & Projects in time. Appear in all evaluation components. Communicate & make presentation on various topics assigned. Be regular in class. Session Plans Sessio Contents n No. 1 Main Topic : Fundamentals business of Pedagogy -Lectures -Presentations -Class participation Referen ce R-12 Chapter -1 Page no. 1.1-1.13 R-12 Chapter -2 Page no. 2.1-2.13 R-4 Chapter1 Page no. 6-14 R-13 Chapter1 Page No. 2-9 Learning Outcome Understanding the basic concept of business trade, industry and commerce.

Sub Topics: History and concept of business ,trade and industry, features of business, trade and industry, relationship between trade industry and commerce Main Topic : -Lectures Organisations & need for -Class management participation Sub Topics: Difference between managers and operative employees, management, value of studying management, differentiation between efficiency and effectiveness, processes of management, the three levels of managers.

To understand the Value of studying management, processes of management, levels & responsibilities of managers for each level.

Main Topic : Organisations & need for management

-Lectures -Class participation

Sub Topics : Essential roles performed by managers, skills necessary for becoming a successful manager, the relevance of popular humanities and social science courses to management practices. Main Topic: -Lectures Why study management -Class theory? participation Sub Topics: Evolution of management theory, Scientific management school, Classical organization theory school, The behavioral school approach, Relations theories, The management science school, Recent developments in management theory. Main Topic : Why study management -Presentations theory? -Class participation Sub Topics: The Systems approach, The contingency approach, Recent developments including the concept of Dynamic Engagement, Features and contributions of Management Gurus. Main Topic : Planning -Lectures -Case studies -Assignments Sub Topics: -Presentations Definition of planning, -Class the potential benefits of participation

R-4 To apply the various Chapter- skills performed by 1 the managers Page no. 15-23 R-13 Chapter2 Page No. 2843 R-4 Chapter2 Page no. 30-45 R-13 Chapter3 Page No. 4874 To understand How various management theories have evolved over time, with the changing needs & demands of our society.

R-4 Understanding the Chapter- various approaches 2 to management. Page no. 46-51 R-13 Chapter3 Page No. 7485

R-4 Chapter10, Page no. 261-267 R-13

How planning is important for the organization. Various ways of doing planning.

planning, potential drawbacks to planning, strategic and tactical plans, directional plans vs. specific plans. 7 Main Topic : Planning Sub Topics: Management by objectives, the steps in the strategic management process, -Presentations -Class participation

Chapter5, Page No. 102126 R-4 Chapter10, Page no. 268-278 R-13 Chapter6, Page No. 132150 R-4 Chapter12, Page no. 314-329 Apply Management by objectives, SWOT analysis & how to identify competitive advantage.

8 9

Case Study 1. Main Topic : Organizing Sub Topics: Six elements of organization structure, advantages and disadvantages of work specialization, authority vs. power, five different ways by which management can departmentalize, mechanistic and organic organizations, the effect on organization structures of strategy, size, technology, and environment.

left or right -Lectures

To understand Basic elements of Organization Structure & factors to be considered for its effectiveness.

10

Main Topic : Organizing Sub Topics: Divisional and functional structures, strengths of the matrix structure, the boundary less organization and what elements have contributed to its

-Lectures

R-4 Chapter12, Page no. 330-335

To understand Various forms of organization structures, the learning organization & organization culture.

development, learning organization, organization culture. 11 12 Case Study 2. Main Topic : Directing & Supervising role playing session on naughty rule. -Lectures R-13 Understanding the Chapter- principles, elements 16 & importance of Sub Topics: Page no. direction, Meaning, Features, 355-368 Supervisory roles Importance, Principles of and responsibilities Direction, Elements of Direction, Need for Supervision, Skills of a supervisor, Supervisory Roles, How to supervise effectively, Traditional Vs. Developmental Supervision. Main Topic : Delegation of authority Sub Topics: Nature of delegation, Principles of delegation, Under/Over delegation, Advantages of delegation, Important decisions in delegation, Delegation problems, Guidelines for effective delegation. 14 Main Topic : Controlling Sub Topics: The meaning of control, Importance of control, Process of control, Tools of control, Designing control systems. 15 16 Case Study 3. Main Topic : Decision making Sub Topics: -Presentations -Class participation -Presentations -Class participation R-13 Chapter13, Page no. 299-312 Understanding the concept of authority, and learning how managers can delegate effectively.

13

R-4 Chapter20, Page no. 558-575 R-13 Chapter20 Page No. 459479

To understand Why controlling is necessary, the controlling process and understanding the behavioral implications of control.

money is not all -Lectures R-4 Chapter9, Page no.

Understanding the decision making process and various types of decisions.

The steps in the decisionmaking process, the assumptions of the rational decision-making model & limits to rationality, definition of certainty, risk, and uncertainty as they relate to decision making, the actions of the rational decision maker, The two types of decision problems and the two types of decisions that are used to solve them, heuristics and how they affect the decisionmaking process, four major decision-making styles, the advantages and disadvantages of group decisions, techniques for improving group decision making. 17 18 Case Study 4. Main Topic : Coordination Sub Topics: Concept, Importance, Differentiation and Integration, Approaches to achieving effective coordination. 19 Main Topic : Forms of Organization -Lectures Business rumour. -Lectures

239253/253 -254 R-13 Chapter8 Page No. 182194/ 194-200

R-13 Chapter4 Page No. 9098

Understanding the importance of coordination in achieving results.

Sub Topics: Classification Factors influencing the choice of suitable form of organization: Sole Proprietorship, Partnership. 20,21 Main Topic : -Lectures

R-12 Chapter5 Page No. 5.15.19

Understanding the various forms of business organizations.

R-12

Understanding

the

Forms of Organization

Business

Sub Topics: Joint Hindu Business, Joint Company. 22-24 Case study

Family Stock

Chapter- various forms 5, business Page organizations No. 5.55.43

of

EVALUTION SCHEME EVALUTION SCHEME INTERNAL : 40 MARKS

COMPONENTS Assignment -20 Marks Attendance & Discipline 05Marks Class Presentations -15 marks

DATE

External Evaluation

MID TERM :20 MARKS END TERM : 40 MARKS

BOOKS & REFERENCE a) TEXT BOOK: Stoner, James A.F., Freeman, R. Edward and Gilbert, Daniel A., Management, 6th ed., PHI, 1995. b) ADDITIONAL READING, REFERENCE BOOKS R1. Koontz, Harold and Wechrich, Heinz, Essential of Management: An International Perspective, 7th ed., Tata McGraw Hill, 2008. R2. Robbins, DeCenzo, Bhattacharyya, Nanda Agarwal: Managers & Management, th 6 Edition, Pearson publications. R3. Duening, T. N. and lvancevich , John M., Management: Principles or Guidelines, Bizantra, 2005. R4. Stoner, James A.F., Freeman, R. Edward and Gilbert, Daniel A., Management, 6th ed., PHI, 1995. R5. Griffin, Ricky W., Management, 8th ed., Biztantria, 2007. R6. Robbins, Stepen P., and Coulter, Management, 8th ed., PHI, 2005. R7. Weihrich, Heinz, Cannice, Mark V and Kontz, Harold, Management: A global and entreneural perspective, 12th ed., Tata McGraw Hill, 2008. R8. DuBrin, Andrew J., Essentials of Management, 7th ed., Thomson, 2006. R9. Bose, D. Chandra, Principles and Management and Administration, PHI, 2002. R10. Hill, Charles and McShane, Steven L., Principles of Management, Tata McGraw Hill, 2008. R11. Ivancevich, John M. and Duening, Thomas N., Business and Management: Principles and guidelines, Biztantara, 2004.

R12.P.C Tulsian , vishal pandey, Business organization and management, pearson education, 2009 R13. P.S Bajaj, VSP Rao, Management Process and Organisation, Excel Book, 2006 c) NEWS PAPER, MAGAZINES & JOURNALS: Indian Management AIMA publication. d) WEBSITES: www.prenhall.com/robbins ; www.pearsoned.co.in/stephenprobbins

CONTACT DETAILS & INTERACTION TIMINGS: Individual Interaction Monday Thursday from 16:00 to 17:00 hr. Mobile NO: 8860712162 E- mail Id : bhawna.syal@jkps.edu.in MATERIALS: Four Case Studies to be given to students. Study Material PPTs will be given on various topics, before mid-term & before endterm exams. as an aid for quick revisions. Note: Assignment topics will be given separately.