Business - meaning -business and profession, requirements of a successful
business- Organisation - meaning - importance of business organisation. Forms of
business Organisation-Sole traders, partnership, Joint Hindu family firm - Joint Stock
Companies - Cooperative Organisations - Public Utilities and Public Enterprises.
Nature and Scope of Management process – Definitions of Management –
Management: a science or an art? - Scientific Management - Managerial functions and
roles – The evolution of Management Theory.
Planning: meaning and purpose of planning - steps in planning - types of
planning. Objectives and Policies - Decision making: Process of Decision making - types
Organising: Types of organisation - Organisational structure - span of control -
use of staff units and committees. Delegation: Delegation and centralisation - Line and
Staff relationship. Staffing: Sources of recruitment - Selection process - training.
UNIT - V
Directing: Nature and purpose of Directing. Controlling: Need for co-ordination
- meaning and importance of controls - control process - Budgetary and non-Budgetary
controls - Modern trends in Management Process - case studies.