Description
Taxmann Management Principles and Applications UGCF by V.S.P. Rao
This book is designed with a compact, easy-to-understand language and incorporates new topics to reflect the latest thinking in the field. It harmoniously balances time-tested management principles with their successful application in a dynamic world. The third edition has undergone significant enhancements, making it more compact and accessible. To maintain readability, the revised edition includes examples, charts, tables, and various study aids.
Each chapter features case studies and skill-building exercises to provoke creative thinking and problem-solving. Additionally, role-play exercises offer students valuable learning opportunities by allowing them to assume roles or act out given situations, which can be performed individually, in pairs, or groups.
This book is designed to meet the needs of students in:
B.Com. (Hons.) Core Paper based on Undergraduate Curriculum Framework (UGCF) for the University of Delhi
Non-Collegiate Women's Education Board (NCWEB)
School of Open Learning (SOL) of the University of Delhi
Various universities throughout India
The Present Publication is the 3rd Edition, authored by V.S.P. Rao, with the following noteworthy features:
[Chapter Outline] Each chapter begins with a clear statement of topics covered, helping students to outline a clear road map from an examination perspective
[Textual Matter] The book is divided into 19 chapters, covering:
Introduction
Planning
Organising
Directing & Controlling
Salient Developments & Contemporary Issues
The content is research-based, student-friendly, and eminently readable due to its straightforward language. The text offers a lively commentary in a conversational style on the ongoing nature of real organisations and the behaviour of individuals and teams within them.
[Contemporary Examples] Complex theoretical topics are explained through contemporary examples
[Charts | Boxes | Tables] These are included to present the content in a concise format
[Case Studies & Skill-Building Exercises] Provided at the end of each chapter to develop problem-solving skills and show how theoretical concepts are applied in real-life
[Role Play Exercises] Offer students great learning opportunities by assuming roles or acting out given situations
[Chapter Summary & Review Questions] Each chapter concludes with a summary of important points and test questions to help students check their understanding of key issues
The contents of the book are as follows:
Introduction
An Overview of Management
Introduction to management and defining who managers are
Examination of traditional and modern views of management
Different perspectives on management and the core functions managers perform
Importance of studying management
Summary, test questions, skill builder (Select your Venture), and case study (Ordinary People Delivering Extraordinary Results)
Managerial Roles, Levels, Skills & Competencies
Nature of managerial work and the roles managers play (interpersonal, informational, decisional)
Classification of managerial levels and required skills
Understanding managerial competencies, their classification, and methods to improve them
Summary, test questions, skill builder (Role Play Exercise), learning exercise (Managerial Skills Test), and case study (To Do or Not to Do?)
Coordination
Introduction to coordination, its need, and significance
Principles, processes, techniques, and types of coordination
The systems approach to coordination
Summary, test questions, skill builder (Where You Stand Now and Where You Want to Be?), learning exercise (How to Save a Sinking Ship?), and case study (In Search of Greener Pastures).
Theories of Management
Overview of modern management thought
Summary, test questions, learning exercise (What to Do with Munna Bhai?), and case study (Bureaucracy Still Works at UPS)
Appendix on value-oriented holistic management with lessons from Bhagavad Gita and Ramayana
Planning
Planning & Objective Setting
Introduction to planning, its importance, and limitations
The planning process, principles, effective planning techniques, and types of planning
Setting organisational objectives and goals
Summary, test questions, learning exercise (A Time Management Plan), skill builder (How Do You Plan to Achieve the Goals?), role-play exercise, and case study (New Management Challenges for the New Age)
Decision Making
Introduction to decision making, its characteristics, and importance
Types of decisions, the rational decision-making process, and the concept of rationality
Administrative decision-making, satisficing decisions, and decision-making conditions
Role of information in decision-making, group decision-making, and related techniques
Summary, test questions, learning exercises (Keep a Journal, Group Decision Making at Work), and case study (Ethical Dilemma of the Spitzer Group)
Business Firm Environment & Industry Structure
Concept, features, and importance of business environment
Internal and external environment, micro and macro environment
Industry Structure and the Five Forces Model
Summary, test questions, skill-building exercises, and case study (ABC Limited)
Business Level Strategic Planning
Relationship between planning and strategy
Strategic management, the strategic management process, and business-level strategic planning
Competitive advantage, resources and capabilities, and competitive strategies (cost leadership, differentiation, focus)
Summary, test questions, learning exercise (Core Strengths of a Company), and case study (Walmart's Failure in Germany).
Organising
Organising
Introduction to organisation as a structure and process
Principles of organisation and organisation design (contingency theory)
Traditional organisational structures
Summary, test questions, learning exercises, and case studies (Changing the Organisational Culture, Work Redesign in an Insurance Company)
Departmentalisation & Types of Organisation Structure
Need and importance of departmentalisation, bases for it, and choosing a basis
Types of organisational structure, making matrix organisation work
Summary, test questions, skill-building exercise (Developing an Organization Structure), and case study (The Wrong Job)
Delegation and Decentralisation
Introduction to authority, responsibility, and accountability
Nature, process, and principles of delegation
Centralisation vs. decentralisation, advantages, disadvantages, and factors determining degree
Summary, test questions, skill-building exercise (The Ethical Dilemma), and case study (The National Sales Manager)
Interface Between Formal and Informal Organisations
Emergence, features, and types of informal organisations
Summary, test questions, skill-building exercises, and case study (Fish Out of the Pond)
Directing & Controlling
Motivation
Importance, nature, determinants, and theories of motivation
Techniques for motivating employees using financial and non-financial incentives
Summary, test questions, skill-building exercises, and case study (Fool's Paradise)
Leadership
Effective leaders, leadership styles, and theories
Improving leadership potential and effectiveness, followership
Summary, test questions, skill-building exercise (Between the Devil and the Deep Sea), and case study (Choice of a Leader)
Controlling
Features, importance, limitations, and types of controlling
Control techniques (traditional and modern), accountability for performance
Summary, test questions, skill-building exercise (Meeting Water Bed Demand), and case study (A Purchase Manager's Troubles)
Salient Developments & Contemporary Issues
Values and Ethics
Types, impact, and management of values, value systems across cultures
Summary, test questions, skill-building exercises, and case study (The Loyal Employee)
Entrepreneurship & Innovation
Qualities, functions, and roles of entrepreneurs
Entrepreneurial decision-making process, social entrepreneurship, innovation, and its challenges
Summary, test questions, skill-building exercises, and case study (The Demise of Boo.com)
Managerial Challenges in the 21st Century
The new workplace, rewards and challenges of being a manager
Summary, test questions, skill-building exercises, and case study (The Dilemma)
Contemporary Issues
Workforce diversity, internationalisation, digitisation, and subaltern management ideas
Summary, test questions, skill-building exercises, and case study (Smart Beginning)