Management and Organization

 

 

·      IPE 4137 Industrial Management  Theory: Credit Hours- 3                                                                     Contact Hours/week 3 + 0

 

 Management and Organization:

·      Definitions  of management,

·       management

·      functions,

·       organization fundamentals,

·       Organization structures,

·      span of control,  

 

Business:

 

Single proprietorship;

Partnership; Joint stock company; Corporation, Private & public sector; business collusion’s and combinations; share, bond, loan; share market; mortgage; bankruptcy, liquidation. Financial

 

Planning:

 

Classification of capital; Capital procurement; economic analysis of cost pattern; break-even analysis; depreciation; depreciation calculation, estimation of life of an engineering asset; replacement of plant machinery.

 

Budgeting:

 Types of expenditure; controllable and non-controllable expenditure; flexible budgets; budget revision; zero based budgets; cost control through budgeting. Personnel

 

Management:

Functions of personnel management; staffing; recruitment and development; motivation; labor relations; collective bargaining, strike; lockout; grievance arbitration. Wage and Salary

 

Administration:

 Job evaluation; techniques of evaluation; merit rating; salary and wages; wage incentive plans; fringe benefit.

 

Purchase and Sales:

 

 Purchasing policies; Purchasing procedures; purchasing problems; salvage department; Sales forecasting; distribution channels; concept of marketing; advertising and sales promotion.

 

Research and Development:

 

Technological change; process of innovation; importance of R & D; research cost and risks; patent and royalty; industrial espionage; product life cycle; development of a product; creativity.