Principles of Management

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Publisher: Prime Publishing House
ISBN: 9789373443676
Year: 2025
Pages: 84

Principles of Management is a comprehensive and student-friendly textbook designed to build a strong foundation in the fundamentals of management. The book introduces key concepts such as the nature, importance, and functions of management, along with an understanding of management as an art, science, and profession. It also explores the evolution of managerial thought through the contributions of renowned thinkers and highlights the relevance of Indian management ethos in modern business practices.

The content is presented in a clear and structured manner, covering essential managerial functions including planning, forecasting, decision-making, organizing, directing, motivation, and controlling. Each topic is explained with simplicity and supported by relevant examples to help readers connect theoretical concepts with real-world applications. This book serves as a valuable resource for students, educators, and anyone seeking a practical understanding of management principles for academic and professional growth.

1. Nature of Management
1.1 Meaning and Definition and Concept of Management
1.2 Nature of Management
1.3 Importance of Management
1.4 Functions of Management
1.5 Types of Management
1.6 Management as an art
1.7 Management as a Science
1.8 Management is a Profession
1.9 Management is a Social System
1.10 Universality of Management
1.11 Universality of Organisation
1.12 Evaluation of Management Thoughts
1.13 Concepts of Managerial Thoughts
1.14 Contribution of Frederick Taylor
1.15 Contribution of Elton Mayo
1.16 Contribution of Henry Fayol
1.17 Contribution of Peter F. Drucker
1.18 Indian Ethos

2. Major Managerial Functions

2.1 Planning: Need and Importance, Types and Methods, Advantages, Disadvantages
2.2 Forecasting: Need, Types and Methods, Advantages, Disadvantages
2.3 Decision making: Types, Process and Techniques
2.4 Directing: Importance and Principles
2.5 Motivation: Features, Types and Theories
2.6 Organizing: Concept Delegation of Authorities’ Decentralization Concepts and Importance
2.7 Controlling: Meaning, Needs, Process, Techniques

BBA | First Year Semester – I, Major Mandatory (1) This textbook is aligned with the revised syllabus as outlined by the National Education Policy 2020 (NEP 2020) for the Faculty of Commerce & Management Bachelor of Business Administration (BBA), effective from June 2025.

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