Nature, purpose and functions, level and types of Managers, Managerial Roles, Essential Managerial Skills, Key personal characteristics for Managerial success. Evolution and various schools to management thoughts. Nature of Organisation- Proprietorship, Partnership, Cooperatives and Statutory Corporations, Companies Concepts of holding and subsidiary companies, Comparison and Choice of structures, Features of International Organisations and Multi–national Companies.
Module II : Planning and Decision MakingMeaning and nature of planning, types of plans, steps in planning process; Objectives: meaning, setting and managing objectives – MBO method: concept and process of managing by objectives; Strategies: definition, levels of strategies, its importance in an Organization; Policies: meaning, formulation of policies; Programs: meaning, nature; Planning premises: concept, developing effective planning premises; Decision making, steps in decision making, approaches to decision making, types of decisions and various techniques used for decision making, Nature and process of controlling, Techniques of controlling.
Module III : Organizing:Organizing as Managerial Function – organization structure, formal and informal organization.Traditional Organization Structures – Functional, Divisional and Matrix Structure. Directions in organizational Structures – Team structure, network structure, boundary less structure. Organizing Trends and Practices – Chain of command, unity of comm and, span of control, delegation and empowerment, decentralization and use of staff, organizational design and organizational configuration. Leading as a function of management, Leadership and vision, Leadership traits, classic Leadership styles, Leaders behaviour – Likert’s four systems, Managerial Grid. Overlapping role of leader and managers.
Organizational behavior: Introduction, goals, elements, scope and historical development of Organizational Behaviour, fundamental concepts, contributing disciplines to OB, Models of OB, social systems and organizational culture, international dimensions of organizational behaviour, limitations of Organizational behaviour, the future of OB
Module II :Individual behaviours: Introduction, foundation of individual behavior: Personality: determinants, personality traits, types, from concepts to skills, theories, instruments to measure personality, personality attributes influencing OB. Perception: factors influencing perception, theories, perceptual errors. Emotions: types of emotions, determinants, emotional labour, emotional intelligence. Attitudes: sources of attitudes, types of attitudes, cognitive dissonance theory, from concepts to skills, changing attitudes, work related attitudes. Values: importance of values, sources of our value systems, ¬types of values, loyalty and ethical behavior. Learning: theories of learning some specific organizational applications. Theories of Motivation.
Module III:Behaviour in the organization: Introduction, Issues between organizations and individuals. Interpersonal behaviour: Conflict in Organizations: nature of conflict, levels of conflict, conflict management styles. Group dynamics: types of groups, meetings, teamwork, stages of group formation. Employee stress: forms, causes, implications, approaches to stress management.
Introduction & Demand and Production Analysis : Introduction to Managerial Economics, Use of Economic models in Decision making, Specifications of the model, Demand Analysis for decision making, Demand Schedule and demand function, Elasticity of Demand, Demand forecasting, Production Analysis, production Function, One Variable input Production function and two variable Input production function. (Simple numerical problems be solved)
Module II:Cost & Pricing Analysis Various Cost concepts, Cost Functions – Short run Cost Functions and its Empirical Estimation, Long run Cost Function, Economies of scale and economies of scope. Price and Output decision under perfect Competition, Monopoly, Monopolistic Competition and Oligopoly. Descriptive pricing approaches: full cost pricing, product pricing. Pricing strategies : price skimming, penetration pricing and loss leader pricing. (Simple numerical problems be solved)
Module III:Macro Economic Analysis of Managerial Decisions Meaning and Nature of Macro Economics; Circular Flow of income, the concept of GDP, GNP, Concepts of Consumptions, Savings and Investment. Business Cycles : Consequences and Measures to solve the Problems of Business Cycles, Inflation.
Introduction to Linear Programming Problems, Formulation of Linear Programming Problems, General statement and assumptions underlying Linear Programming, Graphical method for solution of LPP. Simplex method for solution of LPP, Solution of maximization and minimization problems, Big-M method, Two phase method, Unbounded and degenerate solution of LPP, Duality in Linear programming. Introduction to transportation problems, North West corner rule, Least cost method, Vogel’s approximation method for obtaining initial feasible solutions, Stepping stone and MODI method to get optimal solution, Transhipment problem.
Module II:Introduction to Assignment problems, Hungarian method to solve assignment problems, Unbalanced assignment problems, Constrained assignment problems. Introduction to sequencing problem, Solution to sequencing problems, Gantt chart, Johnson’s rule. Introduction to replacement theory, Replacement policy for equipments which deteriorates gradually and fail suddenly. Introduction to game theory, Game models, Two persons zero sum games and their solution, solution of 2Xn and mX2 games by graphical approach, Solution of mXn games.
Module III:Introduction to decision theory, One stage decision making problem, multi stage decision making problem, utility theory. Introduction to Markov process, Markov analysis: input and output. Introduction to forecasting problems, Time series models for forecasting. Introduction to simulation, Process of simulation, Monte Carlo simulation, Simulation of inventory system, simulation of queuing system.
CASE ANALYSIS COMPULSORY
Importance & scope of accounting, Accounting concepts & conventions, Accounting Standards, IFRS, Accounting equations, Users of accounting statements.
Preparation of Books of Original Records: Journals, Subsidiary books, Ledgers & Trial balance.
Preparation of Final Accounts / Statements: Basic adjustments, , Preparation of financial statements.
Depreciation Fixed Asset Accounting, Inventory valuation. Students should learn application of Tally package.
Accounting of Joint Stock Companies: Overview of Share Capital and Debentures, Accounting for Issue and forfeiture of Shares, Issue of Bonus Share. Issue of Debentures, Financial Statements of Companies: Income Statement and Balance Sheet in Schedule VI.
Provisions of the Companies Act: Affecting preparation of Financial Statements,Creative Accounting, Annual Report, Presentation and analysisof Audit reports and Directors report. (Students should be exposed to reading of Annual Reports of Companies both detailed and summarized version)
Module III : FINANCIAL PERFORMANCE MEASUREMENTFunds Flow & Cash Flow Statement: Preparation & Analysis. Financial Statement Analysis. Analysis of Financial Performance of a firm; Use of Different Tools, Ratio Analysis – Different Types of Ratios.
Recommended Books:
Role of Computer in modern business and in various functional areas of business and its applications. Concept of Computers: Brief History of computer, Generation and its evolution (now and then), Classification, Characteristics and limitations of computers. Basic computing Architecture, CPU and its components. Components : Software, Hardware, Firmware, Input/output devices, Storage Units (CD, DVD, Hard Disks, Pen drive), Memory types (RAM, ROM, Cache). Operating Systems: Functions, Process Management: Multi programming, Multiprocessing, Multitasking, Multi-threading, Real time OS; Memory Management: virtual memory; User Interface: Shells, GUI, etc; File system. Measuring Computer Performance through Benchmarks.
Evolution of programming language, Classification, Features and selection of programming language. Software – Definition, Relation with Hardware. Software categories System Software (Home edition, Professional edition, Enterprise edition), Application Software: types of application software, Graphics and multimedia concepts, Algorithm Definition and properties.
Concept of files, file management; organization and types of Access, Drawbacks in file based system. Database; types of Database, components of a Database system. DBMS, components of DBMS; DBMS language, Advantage and limitations of Database, Database models, Advanced Database: Distributed, Object oriented Database, Multimedia Database systems, Mobile Databases.
Module III: Basic concepts of Computer Networks, Internet and Security.Introduction to Networks: LAN, MAN, WAN, Topology, Data Communication, Transmission Media, Network Devices: Hubs, Switches, routers, repeaters. Introduction to Communication Protocol: TCP/IP, OSI model, Communication Connectivity: DSL, Dialup, Broad Band. Internet and its Applications: Evolution of Internet, Basics of working of Internet, Service Providers, Email, Telnet, FTP, WWW. Internet Security: Types of attacks, DOS attacks, Viruses and Worms, Identity Theft, Snooping and Sniffing. Cyber Law and Internet security Legislation.
Recommended Books: