1. Nature and
Significance of Management
Content: This chapter explains the concept of management, its
significance, Objectives, and
various functions like planning, organizing, staffing, directing, and
controlling. It also explores the importance of coordination in management and
how management works as an art, science, and profession.
Objective: To understand the fundamentals of management and its
role in the effective and efficient functioning of an organization.
2. Principles of Management
Content: This chapter covers the 14 principles of management laid
down by Henri Fayol and the scientific management approach by F.W. Taylor. It
discusses how these principles serve as guidelines for decision making and problem
solving in business organizations.
Objective: To understand the importance of management principles
and their application in various business scenarios for improving efficiency
and productivity.
3. Business Environment
Content: Discusses the external forces that affect business
operations, such as economic, social, technological, political, and legal
factors. It also covers how businesses adapt to these changing environmental
conditions and how a positive business environment can lead to growth.
Objective: To analyze the different elements of the business
environment and understand how these factors influence decision making and
strategies in a business.
4. Financial Management
Content: This chapter explains the concept of financial management,
its Objectives, and key decision
areas such as investment decisions, financing decisions, and dividend
decisions. It also discusses financial planning, capital structure, and the
significance of working capital management.
Objective: To understand the role of financial management in
maximizing shareholder value and ensuring efficient use of financial resources
in a business.
5. Marketing Management
Content: Covers the concept of marketing, its importance, and
functions. This chapter elaborates on the marketing mix (4Ps—Product, Price,
Place, Promotion), market segmentation, target marketing, and positioning
strategies. It also discusses the significance of consumer behavior and market
research.
Objective: To learn the basics of marketing management and
understand how businesses create, communicate, and deliver value to customers
through marketing strategies.
6. Human Resource Management
Content: Explains the role of human resource management (HRM) in
business, including recruitment, selection, training, performance appraisal,
and employee welfare. It also covers labor relations, employee motivation, and
the importance of HRM in achieving organizational goals.
Objective: To understand how businesses manage their workforce and
the importance of HR practices in building a productive and satisfied
workforce.
7. Organizational Management
Content: This chapter focuses on the structure of organizations,
the importance of organization design, and different types of organizational
structures (functional, divisional, and matrix). It also covers communication,
coordination, and control mechanisms within organizations.
Objective: To understand how organizations are structured and
managed, and how effective management practices contribute to achieving
organizational goals.
8. Business Ethics
Content: Discusses the importance of ethical business practices and
corporate governance. It covers ethical issues in business such as fair
treatment of employees, environmental responsibility, and transparency in
dealings with customers and stakeholders.
Objective: To recognize the importance of business ethics and
understand how ethical practices enhance the reputation and long term
sustainability of a business.
9. Social Responsibilities of Business
Content: Explores the concept of corporate social responsibility
(CSR), the role of business in contributing to societal wellbeing, and the
benefits of adopting socially responsible practices. It discusses the legal and
ethical obligations of businesses towards different stakeholders, including
employees, customers, and the environment.
Objective: To understand the social responsibilities of businesses
and the importance of balancing profitmaking with contributing to societal
welfare.