Principles of Management MG 120 School of Business and Economics Program Undergraduate / Cohort Semester: Fall 2015 Credit Hours: 3 Prerequisites (if any): Student Resources at Introduction to Business http://moodle.umt.edu.pk/ BRIEF 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. Sr# 1. Course Learning Objectives Link with Program Learning Objectives To incorporate within the curriculum major emphasis on the development of students' fundamental learning skills, for example: reasoning To provide basic and relevant knowledge about and quantitative abilities; as well as communication and computing skills which they will need for management in organizations responsible leadership roles in their careers To train the students to develop an understanding and appreciation of the global business environment. 2. 3. 4. To increase the students understanding of the tools, techniques, procedures and programs. Managers have to solve problems and make decisions. The concept is to enlighten students so that they can see that even with all these resources mistakes are made. To prepare students to take up careers in Marketing, Finance, Information Systems, Entrepreneurship, Management, International Business and Supply Chain Management in leading organizations To illustrate that managers in an organization use principles, ideas, approaches and techniques from many different disciplines to make the best decision possible. To meet the demand of corporate world for managers who are equipped with business knowledge and are able to cope with constantly rising business needs To improve the participant’s awareness that single perfect answer to organizational problems does not exit. Thus an approach that considers the interaction of environment, the people and the situations is more meaningful in studying the subject. To meet the demand of corporate world for managers who are equipped with business knowledge and are able to cope with constantly rising business needs. RECOMMENDED TEXT: Management by Stephen P. Robbins & Mary Coulter, 9th Edition, Prentice Hall Understanding Management by Richard L. Daft & Dorothy Marcic, 7th edition. Thomson South Western. Management by Danny Samson & Richard L. Daft, Thomson Learning SUPPLEMENTARY TEXT: o Management by Drucker, Peter F, & Maciariello, Joseph A. Revised Edition 2008. o The primary source of reference for supplementary material will be the WWW. o Course Handouts (CAN BE DOWNLOADED FROM THE LINK PROVIDED) WEB LINKS: Moodle and other links will be updated with the start of new semester. Classroom Behavior: Regularity and punctuality will be very strictly observed. You have an allowance of only six absences (Out of 30 sessions) three absences (out of 15 sessions). This includes the leaves that are approved from your Batch Advisor. In case you are absent in six classes, you will get an ‘F’ in the course. Regarding punctuality, you will be marked present only if you arrive in the class within five minutes of the scheduled time. Any absents during the presentation sessions will result in deduction of 1 point each from the class participation marks. This means that the class participation marks can go into the negative as well. If your group is making a presentation and you are not there, you get a zero. If you miss a Quiz you get zero in that Quiz. You will lose 5 points if you deliver your assignment / report after the given date. The chapters and other material included in the Mid-term and final Exam will be discussed one week prior to its commencement respectively. Participant Responsibilities: Class Participation: Positive, healthy and constructive class participation will be monitored for each class. Particular emphasis will be given during the presentation sessions. The manner in which the question is asked or answered will also be noted. Your behaviour, as business executives in the class will contribute to the class participation marks. Honesty Policy: A student found in cheating (plagiarism) on any exam/ assignment/ project, his/her case will be referred to Unfair Means Committee (UFM) that may result in no credit (i.e. no grade) for that exam/ assignment/ project. A deduction from the sessional marks and financial penalties are other possibilities as decided by the committee. Plagiarism: It is defined in dictionaries as "the wrongful appropriation, close imitation, or purloining (stealing) and publication, of another author's language, thoughts, ideas, or expressions, and the representation of them as one's own original work. ASSESSMENT CRITERIA: Mid-Term Final exam Class Participation Case Study Project & Presentation Quizzes Assignments Total 25% 30% 5% 5% 15% 10% 10% 100% Calendar of Activities Sr # 1 2 3 4 5 Topics to be covered in the course Introduction to Management and Organization Management History The Environment and Corporate Culture Managers as Decision Makers Foundations of Planning Learning objective of this topic Classify managerial and non-managerial employees. Define management. Describe the functions, roles and skills of managers and how the manager’s job is changing. Describe the characteristics of an organization. Explain the value of studying management. Describe the historical background of management. Explain various theories in the classical approach. Describe the quantitative approach. Discuss the development and uses of the behavioral approach. Explain various theories in the contemporary approach Describe the general and tasks environment and the dimensions of each. Explain the strategies managers use to help organizations adapt to an uncertain environment. Define corporate culture and give organizational examples. Explain organizational symbols, stories, heroes, slogans and ceremonies and their relationships to corporate culture. Describe how corporate culture relates to the environment. Define the cultural leader and explain the tools a cultural leader uses to change corporate culture. Explain why decision making is an important component of good management Describe the eight steps in the decision-making process. Explain the three ways manager’s make decisions. Classify decision’s and decision-making conditions. Describe different decision-making styles and discuss how biases affect decision-making. Identify affective decision-making techniques. Define the nature and purpose of planning. Classify the types of goals organization might have and the plans they use. Compare and contrast approaches Teaching methods Ice breaking Video Clip Discussion Lecture as well as class discussions Advance case for next class Lecture Group Discussion Lecture Group Discussion Case study Lecture Group Discussion Advance Case for next class Assess ment criteria Quiz 1 Quiz 1 Quiz 2 Assignm ent Case Analysis Quiz 2 Assignme nt Case Analysis Quiz 3 6 7 Strategy Formulation & Implementation Organizational Structure & Design 10 11 12 13 14 15 Describe six key elements in organizational design. Identify the contingency factors that favor either the mechanistic model of the organic model of organizational design. Compare and contrast traditional and contemporary organizational designs. Case Analysis Lecture Case Study Lecture Situational Analysis Assignme nt: Quiz 3 Mid Term Exam along with all course taught Mid-Term Examination 8 9 Define strategic management and explain why Chapter: 8, Management by Robbins 9th edition Pearson Education it’s important. Explain what managers do during the six steps of the strategic management process. Describe the three types of corporate strategies. Describe competitive advantage and the strategies organization use to get it. Discuss current strategic management issues. Managing Human Resources & Diversity Managing Change & Innovation Motivating Employees Leadership Theories Define the nature and functions of communication. Compare and contrast methods of interpersonal communication. Identify barriers to effective interpersonal communication and how to overcome them. Explain how communication can flow most effectively in organizations. Describe how technology affects managerial communication. Compare and contrast views on the change process. Classify types of organizational change. Explain how to manage resistance to change. Describe techniques fore stimulating innovation. Define motivation. Compare and contrast early theories of motivation. Compare and contrast contemporary theories of motivation. Discuss current issues in motivation. Define leader and leadership. Compare and contrast early theories of leadership. Describe the three major contingency theories of leadership. Describe modern views of leadership. Fondations of Control Explain the nature and importance of control. Describe the three steps in the control process. Explain how organizational performance is measured. Describe tools used to measure organizational performance. Presentations Students will work in groups demonstrating knowledge using their presentation skills. Presentations Lecture Situational Analysis Advance case. Video clip Discuss reading and various applications Lecture Discuss reading Video clip Lecture Case Examples and Real life situations Advance Case study Lecture Discuss reading and various applications Case Discussion Quiz 4 Case Analysis Assignment: Quiz 4 Quiz 5 Case study Situational analysis Quiz 5 Case Analysis Assignment: Quiz 6
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