Lahore University of Management Sciences MGMT 142 Principles of Management Fall Semester 2015

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1 Instructor Muhammad Ayaz Room No. 4 19, 4 th Floor SDSB Office Hours TBA muhammad.ayaz@lums.edu.pk Telephone Ext: 5314 Secretary/TA Abdul Basit (Ext: 8082) TA Office Hours TBA Course URL (if any) Suraj.lums.edu.pk MGMT 142 Principles of Management Fall Semester 2015 COURSE BASICS Credit Hours 03 Lecture(s) Nbr of Lec(s) Per Week 02 Duration 75 Minutes Recitation/Lab (per week) Nbr of Lec(s) Per Week Duration Tutorial (per week) Nbr of Lec(s) Per Week Duration COURSE DISTRIBUTION Core Elective Open for Student Category Close for Student Category Elective All COURSE DESCRIPTION Principles of Management is a course designed to give students an overarching view of management by describing various concepts of management and explaining how these are practiced in organizations. This basic management course will investigate the different functions of management, namely planning, organizing, leading and controlling, and explain how these are relevant for various functional areas of organizations. In tandem, the course will explore how issues such as organization structure, technology, innovation, ethics, corporate responsibility, and globalization influence managerial decision making. COURSE PREREQUISITE(S) NONE COURSE LEARNING OBJECTIVES To provide an essential understanding of the basic theories relevant to the management in and of organizations to business and non business students. To understand the management functions of planning, organizing, leading and controlling in detail. To understand the process of managerial decision making To introduce key contemporary concepts in business including ethics, corporate social responsibility, entrepreneurship and globalization. To introduce the similarities and differences in managing private sector and public sector organizations

2 UNDERGRADUATE PROGRAM LEARNING GOALS & OBJECTIVES General Learning Goals & Objectives Goal 1 Effective Written and Oral Communication Objective: Students will demonstrate effective writing and oral communication skills Goal 2 Ethical Understanding and Reasoning Objective: Students will demonstrate that they are able to identify and address ethical issues in an organizational context. Goal 3 Analytical Thinking and Problem Solving Skills Objective: Students will demonstrate that they are able to identify key problems and generate viable solutions. Goal 4 Application of Information Technology Objective: Students will demonstrate that they are able to use current technologies in business and management context. Goal 5 Teamwork in Diverse and Multicultural Environments Objective: Students will demonstrate that they are able to work effectively in diverse environments. Goal 6 Understanding Organizational Ecosystems Objective: Students will demonstrate that they have an understanding of Economic, Political, Regulatory, Legal, Technological, and Social environment of organizations. Major Specific Learning Goals & Objectives Goal 7 (a) Program Specific Knowledge and Understanding Objective: Students will demonstrate knowledge of key business disciplines and how they interact including application to real world situations. Goal 7 (b) Understanding the science behind the decision making process (for MGS Majors) Objective: Students will demonstrate ability to analyze a business problem, design and apply appropriate decision support tools, interpret results and make meaningful recommendations to support the decision maker Indicate below how the course learning objectives specifically relate to any program learning goals and objectives. PROGRAM LEARNING GOALS AND OBJECTIVES Goal 1 Effective Written and Oral Communication Goal 2 Ethical Understanding and Reasoning Goal 3 Analytical Thinking and Problem Solving Skills Goal 4 Application of Information Technology Goal 5 Teamwork in Diverse and Multicultural Environments Goal 6 Understanding Organizational Ecosystems Goal 7 (a) Program Specific Knowledge and Understanding Goal 7 (b) Understanding the science behind the decision making process COURSE LEARNING OBJECTIVES Minor Goal: Students get a number of opportunities to demonstrate their ability to communicate effectively Course Learning Objective#4 Analytical thinking and problem solving skills are essential for success in this course (Course Learning Outcome #3) Major Goal: Course Learning Outcome #1 5 Major Goal: Course Learning Outcome #1 5 Course Learning Outcome #3 COURSE ASSESSMENT ITEM Project/Exam Class Participation/Quiz/Exam/Project Quiz/Exam/Project All Grading components All Grading components All Grading components

3 LEARNING OUTCOMES Upon completion of the course the students should be able to: Understand and appreciate different managerial functions and their application in an organizational setting. Critically examine managerial decision making and the reasons and the context it takes place in so as to sharpen their own judgment to make informed decisions. GRADING BREAKUP AND POLICY Grading for the course will be relative. The distribution for course grading will be as follows: Class Contribution 10% Quizzes 20% (n 1 policy) Midterm Exam 20% Course Project 20% Final Exam 30% EXAMINATION DETAIL Midterm Exam Yes/No: Yes Combine / Separate: Separate Duration: 75 minutes Preferred Date: Tuesday / Thursday Exam Specifications: TBA Final Exam Yes/No: Yes Combine / Separate: Separate Duration: 75 minutes Preferred Date: Tuesday / Thursday Exam Specifications: TBA COURSE OVERVIEW LECTURE TOPICS RECOMMENDED READINGS Foundations of Management OBJECTIVES/ APPLICATION 1 &2 Introduction to the Course Managing and Performing 3 The Evolution of Management Chapter 1 4 The External Environment Chapter 2 Chapter 1 Appendix Introduction to management functions and key elements of the new competitive environment. Introduction to the classical and contemporary management approaches and their influences. Understanding how environmental forces influence organizations and managerial decision making. 5 & 6 Managerial Decision Making Chapter 3 Introduction to the stages of decision making.

4 7 Planning Chapter 4 8 Strategic Management Chapter 4 9 Ethics and Corporate Social Responsibility Planning: Delivering Strategic Value Chapter 5 10 International Management Chapter 6 11 Entrepreneurship Chapter 7 Understanding the planning process and the alignment of tactical, operational and strategic planning. Introduction to strategic planning and its effective implementation. Understanding different ethical perspectives and their influence on managerial decision making and corporate responsibility. Understanding the global economy and its influence on organization. Understanding entrepreneurship success and challenges. 12 Activity/Movie Understanding real life aspects of management. 13 & 14 Organization Structure Chapter 8 Organizing: Building a Dynamic Organization 15 Mid Term Exam Introduction to different types of organization structures. 16 Organizational Agility Chapter 9 Understanding the idea of organizational agility and its relevance for success. Leading: Mobilizing People 17 Leadership Chapter Teamwork Chapter Communicating Chapter 15 Introduction to various Leadership theories and their application. Application of motivation concepts to enhance performance. Importance of effective communication in organizations. Controlling: Learning and Changing 20 Managerial Control Chapter & 22 Managing Technology and Innovation Chapter 17 Introduction to various managerial control strategies. How to manage in the continuously changing technological environment. 23 Creating and Leading Change Chapter 18 To understand how to manage change effectively 24 Public Sector Management Miscellaneous Topics Mintzberg: Managing Government, Governing Management; Bower: Effective Public Management; To show relevance of managerial concepts in public sector

5 25 Family Business Kachaner et al: What you can learn from family business; Stalk and Foley: Avoid Traps that can destroy family business; Dawood: Good Governance in family business 26 Course review 27 Project Presentations 28 Project Presentations Final Exam To show relevance of managerial concepts in Pakistani Context Note 1: The instructor may swap sessions, if required Note 2: Readings may be added or reduced during the course TEXTBOOK(S)/SUPPLEMENTARY READINGS Required: Bateman, Thomas S. and Snell, Scott A., 2013 (Tenth edition), "Management: Leading and Collaborating in a Competitive World", New Delhi, Tata McGraw Hill Publishing. Reference: Daft, R Management. 9 th Edition. South Western Cengage Learning DETAILS OF GRADING SCHEME AND CLASS ROOM CONTRACT Class Participation: Students are expected to complete the assigned readings before each class session. To maximize the overall learning of the class, each student is expected to actively listen to the instructor as well as classmates and respond to comments which advance the level and depth of the dialogue. Grading will be based on the quality of input rather than the frequency of comments made by students. Students showing a genuine desire to learn and initiate discussions, playing a voluntary thoughtful and active role, and demonstrating grasp of the subject by applying the concepts to real life situations will be rewarded greater points. Attendance Policy: Classes will start at the scheduled time. Those entering the class any later than five minutes, will be marked absent and hence will subsequently be marked zero for class participation also. Attendance and class contribution will be counted from Session 3 onwards. Max of 4 absences (including petitions) allowed. From 5th absence, there will be negative grading in place. Cell phones should be kept off in class. No eatables are allowed inside the class. Leaving the class early will be marked as an absence. TA s will be taking notes in this regard. Apart from the exceptional cases, no petition will be entertained for missed exams and assignments, projects and presentations. In case of exceptional reasons (such as death of an immediate family relative, severe illness or medical condition which would be verified in detail by the doctor s report etc.) students must inform the instructor (personally or through ) before the class and submit a petition within 3 days of the class. Please note that class contribution will NOT be compensated in any case. In case of a missed exam, the petition should be directed via the Student Affairs Office. Quizzes: All quizzes will be unannounced. It will be scheduled at the beginning of the class. Late comers will not be given any extra

6 time. Other points: Students are encouraged to ask questions pertaining to any queries regarding the course either through meeting the instructor during office hours, or through . Feedback is always welcomed. Grading. Refer to the grading scheme. Needless to say, traditional grading criteria such as accuracy, completeness, originality, and depth of coverage will apply in assigning grades. Communication. Be sure to communicate with the instructor regarding your progress or problems. Communicate in class, use e mail (muhammad.ayaz@lums.edu.pk) or visit during office hours (TBA) or set an appointment. LUMS HONOR CODE The course will follow the LUMS student honor code. Cheating, unauthorized collaboration, plagiarism, any form of deceit or any other violations of the honor code will be dealt with according to LUMS policy. Please refer to the latest LUMS student handbook if you have not already.