Principles of Management

Principles of Management is a paper to commerce and management students. This book is written from the point of view of students in simple language. The concept of management is explained in a detailed manner. The subject matter of this book has been collected from authentic literature. With a view to facilitating proper understanding of concepts, the concepts are defined with the help of a large number of definitions. Eminent author's comments are incorporated in appropriate places throughout this book.

Management is an art and science of getting work done through people. It is the process of giving direction and controlling the various activities of the people to achieve the objectives of an
organization. This book explores the key principles that need to be understood by those studying and pursuing management.


1.1. Introduction to Management
1.2. Definition of Management
1.3. Nature/Characteristics of Management
1.4. Scope of Management
1.5. Functions of Management
1.6. Management Process
1.7. Levels of Management
1.8. Skills of Managers
1.9. Role of Managers
1.10. Evolution of Management Thought
1.11. Difference between Management and Administration
1.12. Management as a Science or an Art
1.13. Difference between Managers and Entrepreneurs
1.14. Distinguish between the Manager and the Leader

2.1. Meaning
2.2. Definition of Planning
2.3. Nature of Planning (Characteristics/Features of Planning)
2.4. Importance of Planning
2.5. Steps in Planning/Planning Process
2.6. Types of Planning (Hierarchy of Planning)
2.7. Essentials of Sound Plan/Making an Effective Planning
2.8. Types of Plans
2.9. Objectives
2.10. Meaning of Decision

3.1. Meaning of Organization
3.2. Definition
3.3. Nature of Organization/Characteristics of Organization
3.4. Principles of Organization
3.5. Organization Process
3.6. Formal and Informal Organizations
3.7. Departmentation
3.8. Authority and Responsibility
3.9. Staffing
3.10. Recruitment
3.11. Training and Development
3.12. Performance Appraisal

4.1. Leadership
4.2. Motivation
4.3. Communication

5.1. Introduction
5.2. Definition
5.3. Nature/Characteristics of Control
5.4. Need for Control
5.5. Significance and Limitations of Control
5.6. Types of Control
5.7. Essentials of Effective Control System
5.8. Control Process
5.9. Control Techniques
5.10. Management by Objectives (MBO)
5.11. Management by Exception (MBE)
5.12. New Control Techniques