Principles of management ( BUSB-5101)

Introduction:

Management “the art of getting things done through the efforts of other people.”The principles of management, then, are the means by which you actually manage, that is, get things done through others individually, in groups, or in organizations. Formally defined, the principles of management are the activities that “plan, organize, and control the operations of the basic elements of people, materials, machines, methods, money and markets, providing direction and coordination, and giving leadership to human efforts, so as to achieve the sought objectives of the enterprise. For this reason, principles of management are often discussed or learned using a framework called P-O-L-C, which stands for planning, organizing, leading, and controlling.

Course Pre-Requisites (If any)

Learning Outcomes

Evaluate the global context for taking managerial actions of planning, organizing and controlling.
Assess global situation, including opportunities and threats that will impact management of an organization.
Integrate management principles into management practices.
Assess managerial practices and choices relative to ethical principles and standards.
Specify how the managerial tasks of planning, organizing, and controlling can be executed in a variety of circumstances.
Determine the most effective action to take in specific situations.
Evaluate approaches to addressing issues of diversity.