Business Management & Ethics

• Nature of Management and its Process
Meaning; Objectives, Importance, Nature of Management- Science, Art Profession; Management Approaches; Management Functions- Planning, Organising; Personal Management, Directing & Control; Principles of Management- Fayol’s and Taylor’s Principles; Managerial Skills; Task & Responsibilities of Professional Manager.

• Planning: Concept, Feature, Importance, Limitations, Planning Process; Types of Plans- Objectives, Strategy, Policy, Procedure, Method, Rule, Budget, Plan vs. Programme, Policies and Procedures, Decision-Making. • Organizing: Concept, Feature, Importance, Limitations, Organizing Process; Types of Organisation; Structure of Organisation; Centralization and De-Centralization; Delegation; Growth in Organisation.

• Human Resource Management: Concept, Feature, Importance, Limitations, Recruitment Process- Selection, Training and Development Methods; Functions of Personnel Manager; Performance Appraisal.
• Direction and Co-Ordination:
- Direction- Concept, Feature, Importance, Limitations; Elements of Direction: Elements of Directing- Supervision, Motivation, Leadership, Communication;
- Co-ordination: Concept, Feature, Importance, Limitations; Types- Internal & External; Co-ordination- the Essence of Management.

• Controlling: Concept, Feature, Importance, Limitations; Control Process, Essentials of a Good Control System; Techniques of Control- Traditional and Non Traditional Control Devices; Relationship between Planning and Controlling; Change Management.
• Recent Trends in Management: Change Management, Crisis Management, Total Quality Management, Risk Management, Global Practices.

• Business Ethics:
- Genesis, Concepts, Elements, Ethics in Business.
- Challenges of Business Ethics and corporate Leadership
- Ethical Principles in Business – Indian Perspective.