Principles of Management
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Course Title: Principles of Management
Course No: MGT411
Nature of the Course: THEORY
Semester: 7
Full Marks: 80 + 20
Pass Marks: 32 + 8
Credit Hours: 3
Course Description
Course Objectives
Course Contents
1.1. Organizational Concepts
- Concept of organization
- Organizational goals – concept, purposes, and types
- Features of effective organizational goals
1.2. Goal Management
- Goal formulation – processes and approaches
- Goal succession and displacement
- Problems of goal formulation
- Changing perspectives of organization
2.1. Management Fundamentals
- Definition, characteristics, and principles of management
- Process and functions of management
- Managerial hierarchy
- Types of managers
2.2. Managerial Competencies
- Managerial skills and roles
- Emerging challenges for management
3.1. Management Theories
- Introduction, contribution and limitation of Classical theory
- Human relations and Behavioural science theories
- System theory
- Decision theory
- Management science theory
- Contingency theory
3.2. Emerging Management Concepts
- workforce diversity
- outsourcing
- knowledge management
- learning organization
4.1. Business Environment
- Concept of business environment
- Types of business environment – internal and external
- Basic components of economic, socio-cultural, political, and technological environments
4.2. Social Responsibility and Ethics
- Social responsibility of business – concept and approaches
- Areas of social responsibility
- Business ethics – meaning and significance
- Emerging business environment in Nepal
5.1. Planning
- Concept, types, hierarchy of planning
- Process and importance of planning
- Strategic planning
- Environmental scanning – concept and methods
- SWOT analysis
- Formulation and implementation of strategic plans
- Quantitative tools for planning
5.2. Decision Making and Problem Solving
- Decision making – definition and approaches
- Types of decisions
- Decision making under conditions of certainty and uncertainty
- Problem solving – concepts, types of problem
- Problem solving strategies
6.1. Organizing Principles and Process
- Concept and principles of organizing
- Approaches to organizing – classical, behavioural, and contingency
- Process of structuring an organization
- Departmentalization – meaning and types
6.2. Authority and Structure
- Delegation of authority – meaning, features, advantages, and barriers
- Centralization and decentralization – meaning, advantages and disadvantages
- Concept of organic and mechanistic views of organization
- Types of modern organizational structures – matrix, team, and network
7.1. Leadership
- Concept and functions of leadership
- Leadership styles
- Approaches to leadership – trait, behavioral, and situational
7.2. Groups and Conflict
- Group formation
- Types and characteristics of groups
- Conflict – meaning and types
- Managing conflicts in organization
8. Motivation
3 hrs
8.1. Motivation Theories
- Concept
- Theories of motivation – Need Hierarchy, and Motivation-Hygiene
- Reward system to motivate performance
8.2. Employee Participation
- Motivation through employee participation – quality of work life
- self-managed teams
9. Communication
3 hrs
9.1. Communication Fundamentals
- Concept, structure, and process
- Types of communication – formal and informal
- Interpersonal and nonverbal communication
9.2. Effective Communication
- Barriers to effective communication
- Enhancing effective communication
10.1. Control Systems
- Concept, process, and types of control systems
- Characteristics of effective control system
10.2. Quality Management
- Quality control systems – concept of quality
- Total Quality Management (TQM) – concept and tools
- Deming management – principles and techniques
11.1. Globalization
- Concept of globalization
- Methods of globalization
- Effects of globalization
11.2. Multinational Companies
- meaning, types, advantages, and disadvantages
12.1. Business Sector in Nepal
- Growth of business sector in Nepal
- Major industries in Nepal – manufacturing, export-oriented, import-substitution, and service sector
12.2. Management Practices in Nepal
- Existing management practices and business culture
- Major problems of businesses in Nepal
Text Books
- 1.Griffin, Ricky W., Management, AITBS Publishers and Distributors, Delhi
- 2.Hitt, Michael A., J. Black, Stweart, and Porter, Lyman W., Management, Pearson, India
- 3.Robbins, Stephen P., and Coulter, Mary, Management, Prentice-Hall of India, New Delhi