Principles Of Management

According to Peter Drucker, “Management is what the modern world is all about.” This statement indirectly discusses the role, significance and gravity of importance of management in today’s dynamic industrial segments as well as in the constantly developing international economy. It is understood that efficient management is an integral part of success for any organisation which may belong to any sector, any segment or any class of the economy. This makes it essential for commerce students to study the concepts, principles and functions of management with a reference to the dynamics of today’s industrial segment. The field of commerce is very closely related to the management of a business entity.

The contents of this book discuss the concepts, importance, evolution and functions of management in different organizations. These dynamics have gained substantial importance in the recent years, and have become an integral part of modern management theories. The concepts and functions of management which have been discussed have a greater relevance in the management theories; however excessive depth has been avoided considering the boundaries of the syllabus of University of Pune. The syllabus of BBA (CA) and BBA (IB) : Semester I (New Syllabus from June 2019) has been integrated in the book. Hence, the student will have to corroborate the syllabus with the concepts covered in the book.

1. Nature of Management

2. Evolution of Management thoughts

3. Major Managerial Functions

4. Recent Trends in Management