This book is presented in a compact, easy-to-understand language, incorporating new topics. It tries to strike a harmonious balance between time-tested management principles and their successful application in a dynamic world.

This book aims to fulfil the requirement of students of 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 and various Universities throughout India.

The Present Publication is the 2^nd Edition, authored by V.S.P. Rao, with the following noteworthy features:

• [Chapter Outline] Clear statement of topics covered in each chapter is given at the beginning. This essentially helps the students in chalking out a clear road map from an examination point of view
• [Textual Matter] The book is divided into 19 chapter, which covers the following:
  • Introduction
  • Planning
  • Organising
  • Directing & Controlling
  • Salient Developments & Contemporary Issues

The text provided is researched-based, student-friendly and eminently readable because of its easy-to-understand 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 that work within them.

• [Contemporary Examples] Complex topics on theory are presented through contemporary examples
• [Charts, Boxes & Tables] have been inserted to present the contents in a capsule format
• [Cases Studies] & skill-building exercises are also provided at the end of the chapter to develop problem-solving skills and see how theoretical concepts find expression in real life
• [Role Play Exercises] offers students a great learning opportunity to assume the role of a person or act out a given situation
• [Chapter Summary & Review Questions] Each chapter ends with a summary of important points, followed by test questions that help students to check their understanding of key issues

Contents of the book are as follows:

• Introduction
  • An Overview of Management
  • Managerial Roles, Levels, Skills & Competencies
  • Coordination
  • Theories of Management
• Planning
  • Planning & Objective Setting
  • Decision Making
  • Business Firm Environment & Industry Structure
  • Business Level Strategic Planning
• Organising
  • Organising
  • Departmentalisation & Types of Organisation Structure
  • Delegation & Decentralisation
  • Interface between Formal & Informal Organisation
• Directing & Controlling
  • Motivation
  • Leadership
  • Controlling
• Salient Developments & Contemporary Issues
  • Values & Ethics
  • Entrepreneurship & Innovation
  • Managerial Challenges in the 21^st Century
  • Contemporary Issues