PRINCIPLES OF MANAGEMENT AND INTERNATIONAL ACCOUNTING - 1

This first module of the course is designed to provide the student with a survey of contemporary principles and practices of managing. It is structured to develop a concise framework connecting the major business disciplines and a comprehensive perspective to organize additional study in management. Practical applications of the manager’s role in planning, organizing, staffing, directing and controlling are demonstrated and explored. It focuses on the entire organization from both a short and long-term perspective for strategic vision, setting objectives, crafting a strategy and then implementing it. This course examines the logic and working of organizations. It also investigates how organizations develop and maintain competitive advantage within a changing business environment influenced by political, economic, social, technological, legal and environmental factors. The course content is organized around the four ‘pillars’ of management viz. planning, organizing, leading and control for systematic understanding of management-related challenges and applying conceptual tools and techniques in analysing, evaluating and addressing management issues.

This course will enable students to develop short and long-range plans to effectively accomplish organizational goals. Students will develop skills related to the manager’s function as required in today’s competitive environment. Students will learn that the study of management is not a precise science and as such it continues to evolve. This course ensures that the students understand how:
Managers manage business organizations in the dynamic global environment
Organizations develop and maintain competitive advantage
Business decisions are made using various tools and techniques to remain competitive
Managers use problem-solving strategies and critical thinking skills in real-life situations
Different areas of the business support the vision and mission
Managers implement successful planning

There are no formal prerequisites for this course. However, a prior knowledge of organizational and managerial issues would facilitate the understanding of the topics discussed in class. This is a university course and as such students are expected to have advanced analytical and writing skills.

1 Managing in organisations
2 Theories of management
3 Organisation cultures and contexts
4 Managing internationally
5 Corporate responsibility
6 Making decisions
7 Planning
8 Managing strategy
10 Structure
18 Managing change
20 Control and performance measurement

"Management: Using practice and theory to develop skill", 8th Edition, year 2020

Lectures and the textbook are the primary sources of preparation for the exam. The grade in the exam of “Principles of management” will then be averaged with the one of “International Accounting” to form the overall grade for the full 12-credit course. No partial exams on Module 1 alone will be offered at any time. The exam will be made up of 30 multiple-choice questions, closed-notes/closed book. It will cover the content of the following 12 chapters:

Chapter 1. Managing in Organizations
Chapter 2. Theories of management
Chapter 3. Organisation Cultures and Contexts
Chapter 4. Managing Internationally
Chapter 5. Corporate Responsibility
Chapter 6. Making decisions
Chapter 7. Planning
Chapter 8. Managing strategy
Chapter 10. Structure
Chapter 18. Managing change
Chapter 19. Control and Performance measurement
Chapter 20. Finance and budgetary control

and related discussion of at least 5 case studies.

This is primarily a lecture/class discussion format where learning is made relevant through the direct and explicit application of theoretical frameworks and concepts to real life issues and problems. Students will be challenged to think “outside the box” and to offer solutions to situations that they might never encounter outside this forum. Each student is strongly encouraged to participate in class. In any classroom situation that includes discussion and critical thinking, there are bound to be many differing viewpoints. These differences enhance the learning experience and create an atmosphere where students and instructors alike will be encouraged to think and learn. On sensitive and volatile topics, students may sometimes disagree not only with each other but also with the instructor. It is expected that faculty and students will respect the views of others when expressed in classroom discussions.
Learning will be successful for students that:
read assigned material prior to class, bring text and supplement to class, and take part in class discussions.
discuss end of chapter question problems and short cases assigned
attend class regularly
All students are expected to read and understand the course text. Please give this task your utmost attention. Generally, students learn most of what they get from a course by reading the assigned material. With this on-line learning concept, the reading component becomes the key to success. If there is something you do not understand, please do not hesitate to ask the instructor to explain it to you.

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