The Management Environment – Formation of a company, sources of finance.  Money and

            Insurance, National policies, GNP growth rate and prediction. Balance of payments, legal liabilities under company law, legal and contractual obligations to employees and the public, contractual obligations.

Organization Management: Principles of organization, span of control. Elements of organization. Types. Principles of management. School of thought. Management objectives. Financial Management – Accounting methods. Financial statement. Element of costing. Cost, planning and control. Budget and budgetary control. Cost reduction programmes. Depreciation accounting, valuation of assets.

Personnel Management – Selection, recruitment and training. Job evaluation. Merit rating. Incentive schemes. Trade unions and collective bargaining.

Industrial psychology – Individual and Group behaviour. The learning process. Motivation and morale. Influence of the Industrial Environment.


Level of Study: 500 Level