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 studies 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 a short- and long-term perspective for strategic vision, setting objectives, crafting a strategy, and 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, planning, organizing, leading and controlling for a systemic 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 accomplish organizational goals effectively. 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 continues to evolve. This course ensures that the students understand how:
Leaders manage business organizations in a dynamic global environment
Organizations need to develop and maintain a 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.

Part 1 AN INTRODUCTION TO MANAGMENT
Part 2 THE ENVIRONMENT OF MANGEMENT
Part 3 PLANNING
Part 4 ORGANISING
Part 5 LEADING
Part 6 CONTROLLING

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

Lectures, cases and the textbook are the main sources of preparation for the exam. The grade in the examination of ET0078-1] PRINCIPLES OF MANAGEMENT AND INTERNATIONAL ACCOUNTING - 1 will average with that of ET0078-2] PRINCIPLES OF MANAGEMENT AND INTERNATIONAL ACCOUNTING - 2 to form the overall grade for the entire 12-credit course. At no time will partial examinations on Module 1 alone be offered. The exam will cover open-ended questions and other multiple-choice questions.

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.

written

This subject deals with topics related to the macro-area "Circular economy, innovation, work" and contributes to the achievement of one or more goals of U. N. Agenda for Sustainable Development