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Foundation of Business Management

bbasemester 1

Principles of Management

Subject Code: MGT - 201

Course Title: Principles of Management

Course No: MGT - 201

Nature of Course: Theory & Practical

Full Marks: 100

Pass Marks: 50

Credit Hours: 3

Course Description

This course covers the basic concepts of management, including organizations, planning, decision-making, leadership, communication, control, globalization, and current management trends in Nepal.

Course Objective

This module aims to impart the basic management knowledge, and skills to the students so as to enhance their managerial capabilities and enable them to apply in the practical field.

Course Contents

Unit 1: Introduction — 6 LHs
 Concept of management and business management, the management process, type of managers (general, functional and line managers), basic managerial roles and skills, changing job of managers, management challenges, acquaintance to task and general environment of business and analysis of task environment using Porter model.
Activities: Preparation of company profile focusing task environment and case analysis.

Unit 2: Philosophical Aspects of Management — 6 LHs
 The classical philosophy (scientific management, administrative management and bureaucratic management), behavioural management philosophy (human relation movement and Hawthorne studies), system and contingency philosophy and emerging issues and challenges in Nepalese business.
Activities: Surfing and finding out the techniques of using these theories in practice and presenting in class.

 Unit 3: Business Ethics and Social Responsibility — 4 LHs
 Ethical issues in management, the roots of unethical behaviour, philosophical approaches to ethics, social responsibility of business and arguments for social responsibility and Friedman doctrine.
 Activities: Oral presentation on social and ethical issues in Nepalese business and society and case analysis.

 Unit 4: Planning and Decision Making — 7 LHs
 Planning: Meaning and levels of planning, planning horizons, planning process, meaning and use of single use, standing, contingency and derivative planning, pitfalls and their improvement in planning.Decision Making: Concept of decision making, process of rational decision making, type of problems and decision making, decision making conditions and styles.
 Activities: Simulation and case analysis.
Unit 5: Organizational Architecture — 7 LHs
Meaning and concept of organizational structure and architecture, elements of organizational architecture, designing structure: vertical differentiation (Tall Vs. Flat), horizontal differentiation (Functional, multidivisional, geographical and matrix), and integrating mechanisms (formal knowledge network and strategy, coordination and integrating mechanisms), definition and source of authority, responsibility and accountability and creating accountability in business organizations, emerging issues in organization design and architecture, Nepalese practices in organizational structure.

 Activities: Project work and case analysis.

 Unit 6: Organizational Culture — 4 LHs
 Meaning and concept of organizational culture, importance of organizational culture, change and strengthening organizational culture, managing organizational culture during merger, organizational culture in Nepalese organization.
Activities: Term paper on culture after merger and case analysis.
 Unit 7: Group and Team — 4 LHs
 Meaning of team and group, difference between team and group, importance of team in organization, creating effective team, types of group and team, managing team conflict, position of team work in Nepalese organization.
Activities: Simulation and case analysis.

Unit 8: Communication and Control — 5 LHs
 Meaning of business communication, communication process, parties involved in communication, communication barriers and their improvement, meaning, process and types of control, essentials of effective control system, control tools and techniques.
Activities: Simulation, oral presentation and case analysis.

 Unit 9: Business Management Trends and Scenario in Nepal — 5 LHs
 Growth of business sector in Nepal, major industries in Nepal – manufacturing, export – oriented, import- substitution, and service sector, existing management and business practices in Nepalese business, major problems of Nepalese business.
Activities: Live project and presentation.

Text Books

References
Adhikari, Dev Raj. Principles of Management, Sunrise Publication, Kathmandu.
Charles W.L. Hill and Steven L. McShane, Principles of Management, Tata Mc-Graw-Hill Company,
New Delhi.
Griffin, Ricky W., Management. AITBS Publishers and Distributors, New Delhi.
Hitt, M.A., J.S. Black and Porter, L.W., Management, Pearson Education, New Delhi.
Pant, Prem Raj, Principles of Management, Buddha Academic Publishers and Distributors Pvt. Ltd.
Paudyal, Santosh Raj, Pradhan, Gopal Man and Bhandari, Kedar P. (2064), Principles of Management,
Asmita Publication, Kathmandu.