Table of Contents
PAPER NO. 9 PRINCIPLES AND PRACTICE OF MANAGEMENT
GENERAL OBJECTIVE
This paper is intended to equip the candidate with the knowledge, skills and attitudes that will enable him/her to apply the principles of management in practice.
LEARNING OUTCOMES
A candidate who passes this paper should be able to:
- Demonstrate understanding of management principles and techniques
- Apply knowledge of management theories in organisations
- Demonstrate entrepreneurship skills as part of the management process
- Apply management competencies in response to emerging trends in
CONTENT
Introduction to management
- Nature of management
- Importance of management
- Levels of management
- Skills of management
- Roles of management as advocated by Mintzberg
- Qualities of an effective manager
- Management, administration and leadership
Evolution and development of management thought
- Pre-industrial revolution management theories
- Classical theories and neo-classical theories
- Contemporary theories
Functions of management
Planning function
- Foundations of planning
- Planning process
- Types of plans
- Approaches to planning
- Relationship between planning
- Decision making
- Contemporary issues in planning
Organising function
- Meaning and importance of organising
- Process of organising
- Principles of organising
- Factors affecting the organising function
- Organisational structures
- Contemporary organisational designs
Staffing function
- Meaning and importance of staffing
- Function
- Factors that affect the staffing function
- Components of the staffing function; recruitment and selection
Directing function
- Meaning and importance of directing
- Leadership
- supervision
- Motivation
- Coordination
- Communication
Controlling function
- Meaning and importance of control
- Steps in the control process
- Types of control
- Tools of control
- Contemporary issues in control
- Essentials of an effective control system
Enterprise management
- Meaning and concept of entrepreneurship
- Intrapreneurship in organisations
- Entrepreneurial development
- Enhancing creativity and innovation in organisations
- Methods of generating ideas
- Introduction to business plan
- Protection of intellectual properties
Project management
- Project management concepts
- Characteristics of a project
- Importance of projects
- Features of projects and baseline surveys
- Project life cycle
- Project planning and scheduling
- Project resources and costing
- Project completion and evaluation
Marketing management
- Meaning and importance of marketing
- Marketing management orientation/philosophies
- Marketing mix
- Developing of marketing information
- Marketing strategies
- Marketing research and intelligence
- International marketing and e-commerce
Decision making
- Importance of decision making
- Decision making process
- Decision making models/approaches
- Types of decisions
- Decision making under different conditions
- Challenges in decision making
- Problem solving skills
Emerging issues and trends
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