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FOM Midsem Syllabus

This document provides an overview of management concepts, theories, and approaches. It discusses the definition of management as the coordination of organizational resources and activities. It also examines key management functions like planning, organizing, directing and controlling. Important management thinkers covered include Taylor, Fayol, Maslow and McGregor. The document also looks at different organizational structures and contemporary approaches such as Theory Z and management by objectives. Finally, it analyzes the business environment and factors like PESTLE that influence organizations.

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29 views

FOM Midsem Syllabus

This document provides an overview of management concepts, theories, and approaches. It discusses the definition of management as the coordination of organizational resources and activities. It also examines key management functions like planning, organizing, directing and controlling. Important management thinkers covered include Taylor, Fayol, Maslow and McGregor. The document also looks at different organizational structures and contemporary approaches such as Theory Z and management by objectives. Finally, it analyzes the business environment and factors like PESTLE that influence organizations.

Uploaded by

danishkbarwaee21b732
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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UNIT 1

1. Definition and Nature of Management:


• Introduction to management as the process of efficient and effective
coordination of organizational activities and resources.
• Discussion on the scarcity of resources and the need for their optimal
utilization.
2. Characteristics of Management:
• Overview of management as a continuous, multidisciplinary, and dynamic
process that involves getting things done through people.
3. Functions of Management:
• Detailed explanation of the four main functions of management: Planning,
Organizing, Directing, and Controlling.
4. Role of Manager:
• Exploration of the managerial roles categorized into Interpersonal,
Informational, and Decisional roles, based on Henry Mintzberg's framework.
5. Management Principles:
• Discussion on management principles with a focus on Authority and
Responsibility, emphasizing the balance between them for organizational
effectiveness.
6. Authority, Responsibility, and Accountability:
• Examination of the concepts of authority (the right to make decisions),
responsibility (the obligation to perform tasks), and accountability (being
answerable for outcomes).
7. Management Theories:
• Overview of various management theories, including Classical Approach,
Behavioural Approach, Contemporary Approach (Theory Z), and Contingency
Management.
8. Scientific Principles of Management by F. W. Taylor:
• Description of Taylor's principles aimed at increasing efficiency through
scientific analysis of work.
9. Henri Fayol's Principles of Management:
• Presentation of Fayol's 14 principles of management focusing on
organizational structure and efficiency.
10. Behavioural Approach to Management:
• Focus on human relations and motivation within organizations, including the
Hawthorne Experiment and theories by Maslow and McGregor.
11. Contemporary Management Approaches:
• Discussion on Theory Z by William Ouchi and the importance of adapting
Japanese management styles to American businesses.
12. Management by Objectives (MBO):
• Explanation of the MBO approach, emphasizing goal setting and participative
decision making.
13. Organizational Structures:
• Detailed analysis of different organizational structures including Traditional,
Functional, Divisional, and more modern approaches like Entrepreneurial,
Horizontal, Vertical, Mechanistic, and Organic structures.

UNIT 2
1. Dynamic Interaction and Context:
• Importance of understanding the dynamic interactions and context in which
businesses and living beings exist, including interactions with family, friends,
and man-made structures.
2. Adaptation for Success:
• The critical role of adaptation in business success, emphasizing the need to
actively respond to external factors such as policy changes and technological
advancements.
3. Definition of Business Environment:
• Various definitions and perspectives on the business environment by scholars
like Bayard O. Wheeler, Arthur M. Weimer, Glueck and Jauch, and Barry M.
Richman and Melvgn Copen, highlighting its components and influence on
business operations.
4. Business Firm as an Open System:
• Conceptualizing business firms as open systems that interact with their
environment by receiving resources and supplying goods and services.
5. Levels of Environmental Forces:
• Discussion on internal and external environmental forces at national, regional,
or international levels.
6. Opportunities and Threats (SWOT Analysis):
• How environmental forces present opportunities and threats, and the
importance of businesses making internal adjustments to address them.
7. Features of Business Environment:
• Characteristics of the business environment such as its dynamic nature,
diversity, unpredictability, and geographical variation.
8. Importance of Business Environment:
• The significance of understanding and interacting with the business
environment for resource utilization, strategic planning, and identifying
strengths, weaknesses, opportunities, and threats.
9. Factors Affecting Business Environment (PESTLE Analysis):
• An overview of demographic, economic, geographical, ecological, social,
cultural, political, legal, and technological factors impacting the business
environment.
10. Corporate Social Responsibility (CSR):
• Discussion on CSR practices involving environmental efforts, philanthropy,
ethical labor practices, and volunteering, including benefits for organizations
and the community.
11. Corporate Governance:
• Insights into corporate governance, including its definition, participants,
balancing goals, and its importance in aligning business operations with
stakeholders' interests.
12. Porter's Five Forces Model:
• Analysis of Porter's Five Forces model as a tool for understanding competitive
forces in an industry and its implications for strategy formulation.

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