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BMS - DSC - Fundamentals of Management

The course DSC01: Fundamentals of Management aims to introduce students to essential management concepts, functions, and ethical practices, with a focus on Indian experiences. It covers topics such as planning, organizing, directing, and controlling, while also addressing contemporary issues in management. The course includes various teaching methods and assessments to evaluate student understanding and application of management principles.

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8 views

BMS - DSC - Fundamentals of Management

The course DSC01: Fundamentals of Management aims to introduce students to essential management concepts, functions, and ethical practices, with a focus on Indian experiences. It covers topics such as planning, organizing, directing, and controlling, while also addressing contemporary issues in management. The course includes various teaching methods and assessments to evaluate student understanding and application of management principles.

Uploaded by

jhapriya878
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
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DSC01: FUNDAMENTALS OF MANAGEMENT

Course Objective(s): To acquaint the students with the fundamentals of managing business and to
understand broad functions of management. Students will be able to identify the contemporary issues
and challenges in the field of management and ethical workplace practices. The course will use and
focus on Indian experiences, approaches and cases.

Learning Outcomes:
On having completed this course student should be able to:
➢ Summarize the elementary concepts, principles and theories of management
➢ Examine the managerial functions having an impact on the organizational effectiveness
➢ Identify the contemporary issues and challenges in management
➢ Develop ethical workplace practices

Course Contents:
Unit 1: Introduction to Management (3 Weeks)
Definition – nature, process and significance of management – Role of managers – Managerial Skills
and Roles - Evolution of Management Thought: Classical Management Approaches, Behavioural
Management Approaches, Quantitative Management Approach, Modern Management Approaches -
Management as a Science or Art - Management as a profession- Administration and Management
Functions of Management – Functional Areas of Management.

Unit 2: Planning and Decision Making (3 Weeks)


Planning - Nature and Importance of Planning- Types of Plans - Levels of Planning - Steps in planning
– Making Effective Plans- Objectives and Management by Objective (MBO) –Management by
Exception (MBE) - Policy and Strategy- Forecasting and Decision Making - Nature of decision making
- Types of decisions – Decision Making Process – Rational Perspectives and Behavioural Aspects of
decision making.

Unit 3: Organizing, Directing and Controlling (4 Weeks)


Organizing, Principles of Organization - Organisational Structure and Design – Line, Staff and
functional authority. Departmentation - Span of control – Authority – Types of Departmentalization –
Contemporary Organizational Designs, Responsibility and Accountability - Principles of Delegation -
Steps - Centralization Vs Decentralization – Factors determining the degree of Decentralization of
authority. Directing – Nature of Directing function - Principles – Importance of Effective Direction.
Controlling - Concept, Nature and Importance- Techniques of Managerial control.

Unit 4: Contemporary Perspectives of Indian Management Thought (5weeks)


Relevance of gurukul concepts in modern corporate world-shadowing, mentoring and coaching; roots
of Indian Wisdom-welfare-oriented economy based on moral values. Unique Indian Business
Scenarios-population density, crowd behavior, role of the unorganized sector in trade and commerce,
cultural issues in India, infrastructure development, public private partnerships and regulation, how
taxation drives business behavior, logistics management, saving habits of Indians. Indian Business
Practices-community-based business management (Chettias of Tamil Nadu, Marwaris of Rajasthan,
Angadias of Gujrat), Indian Family Business Management, Community level success stories-Gupta
Empire, Gujrati, Marwari, Punjabi traders.Studying Indian Business Success Stories such as
dabbawallas, Amul, Swachh Bharat, Atmanirbhar Bharat, PLI Scheme Initiaties, Indian Corporates
working abroad, success of Indians as individuals abroad- in domains such as IT, Merchant Navy,
Higher Education, Medicine. Indian perspectives on sustainability, creativity, inter-personal skills,
business ethics, environment.

Suggested Readings
1. Stephen P. Robbins & Mary Coulter, Management. 13th Ed. Pearson
2. Stoner, Freeman, Gilbert Jr. (2014). Management (6th edition), New Delhi: Prentice Hall India.
3. Koontz, H., & Weihrich, H. Essentials of Management, McGraw Hill Publishers.
4. Mahadevan, B., Bhat, V. R., Pavana, N. (2022) Introduction to Indian Knowledge System
Concepts and Applications. PHI Learning

Teaching – Learning Process


Lectures, Presentations, Role plays, Case studies, Term paper on a given topic

Assessment
Total Marks: 100
Internal Assessment: 25 Marks
End Semester University Exam: 75 Marks
The Internal Assessment of the course may include Class participation, Assignments, Class tests,
Projects, Field Work, Presentations, amongst others as decided by the faculty.

Key Words
Management, Planning, Decision-Making, Controlling, Organization Structures

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