Punjab College of Commerce

Course Code: Course Title: Principles of Management

Program: MBA First Semester Credit Hours: 3

Total Sessions: 36

Course Description:

Simply speaking management is what managers do and this course is precisely about that! The

course deals in detail with the 4 basic management functions of planning, organizing, leading

and controlling. Special consideration has been given to highlight the applied or practical side of

management rather than theories alone. For this purpose examples from Pakistani and

international context of business and management are presented which are real life situations

as I encountered in my career as a manager and a management consultant. Another aspect

which adds depth to this course is the extensive use of cases and managerial situations so that

the students acquire the skills and knowledge to encounter these issues when faced in their

work life.

This is a core course and the main objective is to arouse participants’ interest in the field of

management and its related areas. Two hundred years ago, before the industrial revolution,

the concept of professional management and managers did not exist. Today millions of people

around the world are managers. These managers coordinate and control organizational

resources, lead their people into the future, and help their organizations respond to everything

from technological changes to social expectations. Management touches everyone’s daily lives

in a variety of ways: managers run the largest and smallest businesses, hospitals and schools,

charities and art organizations, government and military organizations. Even for a manager as

experienced as Bill Gates (Chairman of Micro Soft), management is a complex, challenging

activity. To keep Microsoft on top, Gates needs excellent management skills and a solid

understanding of his role and responsibilities within the company, and he needs to share his

goals and his vision with everyone else in the organization.

This course starts with an examination of basic concepts of management and interrelationship

between management and organizations. Next its highlights the detail concepts of four basic

functions that makes up the management process and a look at what managers actually do

during their management careers.

Learning Objectives:

After studying this course the students should be able:

a. Define management and explain the characteristics of Managers in organizations

b. List and describe major management theories as represented through the history of

modern management thought.

c. Describe the internal and external environments of management.

D. Discuss ethics and social responsibility in the context of management

e. To analyze and discuss planning, organizing, controlling, decision making,

communication, motivation, leadership, human resource management, information

systems.

f. Develop theoretical and critical thinking skills relevant to both academic and

management practice.

g. Translate and apply complex conceptual and theoretical material to current

organizational issues.

h. To promote group interaction through class discussion.

i. Demonstrate written communication skills appropriate to the profession of

management.

Recommended Text Book:

Management (Latest Edition) By: Stephen P. Robbins & Mary Coulter Supplementary Text Books:

Course Contents:

INTRODUCTION TO MANAGEMENT:

Objectives and constraints of management, managerial environment, the evolution of

management theory, management in the twenty-first century, organisational and natural

environments, social responsibility and ethics, globalisation and management, inventing and

reinventing organisations, culture and multiculturalism, quality.

PLANNING

Nature, objectives, types and steps, decision making, planning strategic management,

strategy implementation.

ORGANIZING:

Organisational design and organisational structure, power and the delegation of authority,

human resource management, managing organisational change and innovation.

LEADING:

Managing and the human factor, motivation, leadership, team and teamwork, communication

and negotiation.

CONTROLLING:

Methods, techniques and process of control, effective control, operations management,

information systems.

ENVIRONMENT AND STRATEGY:

Environment and market analysis: PEST analysis, competitive forces, static and dynamic

environments, general environmental trends (e.g. Globalization, quality etc), the concept of

strategy: planned, emergent, muddling through, the needs for organizations to plan for the long

term: advantages and disadvantages of strategic planning.