Principles Of Management

About Book

The field of management has evolved remarkably over the last century, progressing from classical theories of Taylor and Fayol to modern practices shaped by globalization, digitalization, and sustainability concerns. Today, managers not only oversee resources but also foster environments where innovation, ethical accountability, and long-term organizational success thrive. This book, "Principles of Management," serves as a comprehensive yet accessible guide to key concepts, theories, and applications in management. It balances classical foundations with contemporary perspectives, ensuring readers grasp both timeless principles and current trends reshaping business and organizational landscapes. Key features of this book include: - Formal analysis of core management processes, including planning, organizing, directing, controlling, and decision-making. - Integration of ethical, social, and global perspectives reflecting modern management practices. - Practical examples, case studies, and tables bridging theory and practice, enabling students to connect classroom learning to real-world business settings. - Emphasis on emerging trends such as knowledge management, artificial intelligence, corporate governance, sustainability, and e-business. This book is primarily designed for undergraduate and postgraduate students of Commerce, Management, and Business Administration, in line with the “National Education Policy 2020”. It will also serve as a valuable resource for academics, professionals, and practitioners seeking to update their understanding of management fundamentals. I hope this book proves beneficial to readers as both an academic reference and a practical tool for effective organizational management.