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Management Concepts and Applications

Code: D101

Topic I  –  Evolution of Management Thoughts:  Introduction to Management. Frederick Taylor and Henri  Fayol’s  contributions;  Systems  Approach  of  management.  Skill,  Functions  and  Roles  of manager. Cross cultural issues in management with special reference to Indian, Japanese and German culture.

Topic II – Planning & Controlling: Planning: Importance, types and steps of planning. Goal Setting: Hierarchy  of  Goals,  Criteria  for  Effective  Goals.  Management  by  Objectives  (MBO):  Concept, process, benefits and weaknesses. Controlling: Process & types of Control; Overview of Controlling Techniques (ROI, Budgetary Control), Qualities of an effective Control System.

Topic  III  -  Decision  making:  Nature,  importance  and  limitations  of  decision.  Decision  making models: Classical, Administrative (with special focus on Bounded rationality & Satisficing), Political

and Vroom-Jago Model. Decision making process, problems and ways of improvement.

Topic  IV  –  Leadership:  Leader  vs.  Manager.  Theories  of  Leadership:  Trait  Theory;  Behavioral Theories (The Michigan Studies, The Ohio State University Studies,  University of  Iowa Studies  & Managerial Grid); Continuum Concept (Tannenbaum and Schmidt’s leadership pattern); Contingency Theories (Fiedler’s Model). Contemporary Theories: Charismatic Leadership, Visionary Leadership, Transactional and transformational leadership.

Topic  V  –  Strategic  Management:  Contribution  by  C  K  Prahalad  &  Michael  Porter,  Edwards Deming, Tom Peters & Sumantra Ghoshal. McKinsey 7S Framework.

Topic  VI  –  Corporate  Social  Responsibility  (CSR):  Introduction.  Need  and  importance  of  CSR, Role of government in CSR, CSR Practices in India, the Future of CSR.