OBJECTIVE:Paper has been designed such that it acquaints the students with the basic management concepts and organizational processes in the organization
Course Outcomes (COs):
Course |
Learning outcomes (at course level) |
Learning and teaching strategies |
Assessment Strategies |
|
PAPER CODE |
Paper Title |
|||
MFM 121 |
Fundamentals of Management |
CO 1.Understand the Functions and Principles of Management CO 2.Understand process and principles of Planning and Organizing.. CO 3.Understand theories of Motivation and Leadership. CO 4.Understand steps and techniques of controlling. CO 5.Apply the concepts of decision making in a business situation.
|
Approach in teaching: Interactive Lectures, Group Discussion, Tutorials, Case Study
Learning activities for the students: Self-learning assignments, presentations |
Class test, Semester end examinations, Quiz, Assignments, Presentation |
Management
Concepts, Functions, Significance of management, Management and administration, Levels of management. Principles of management-Henry Fayol and F.W Taylor, Approaches/schools of management thought – Classical , Neo-Classical and Modern.
Planning
Concept, Nature, Processes, Types, Significance of planning, Planning process, Management by Objectives Organization-Concept, Importance, Process of organizing, Principles of Organization, Types-Formal and Informal. Organization Structure-Types of Organization Structure-line, line and staff, functional, project, matrix and committee. Delegation and Decentralization of Authority(conceptual knowledge only)
Decision Making
Meaning, Significance, Types of decisions, Process of decision-making, Techniques of decision-making, Controlling-Concepts, Features, Steps of controlling, Importance, Techniques-Traditional and Modern (Elementary knowledge only)
Motivation
Meaning, Types of motivation, Importance, Theories of motivation-Maslow’s need-hierarchy theory, McGregor’s theory X and theory Y,Herzberg motivation-hygiene model, Victor-vroom expectancy model. William Ouchi’s motivation theory,
Leadership
Definition, Importance, Difference between leadership and management, Functions of a leader, Styles of Leadership-autocratic, participative and free-rein, Theories of leadership-trait theory, behavioural theory- likert’s system of management, Blake and Mouton’s Managerial Grid, and Tannenbaum and Schimidt’s Continuum of leadership style and situational theory- Fiedler’s Contingency Model
*Case studies related to entire topics are to be taught.
Suggested Readings:
(Latest editions of the above books are to be referred)