The Management Environment - Formation of a company, sources of finance, money and credit. 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.

Organizational Management – Principles of organization, span of control. Elements of organization.

Types. Principles of management. Schools of thought. Management by objectives.

Financial Management - Accounting methods. Financial statement. Elements 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