Management science involves applying analytical techniques to solve problems and make decisions in the workplace. It is useful for understanding fundamentals that help technocrats and entrepreneurs make effective decisions in challenging business environments. The document outlines various management science concepts including introduction to management, operations management, functional management, project management, strategic management, and contemporary management practices. It provides learning outcomes for understanding basic management concepts and applying various tools and techniques across different business functions.

1. MANAGEMENT SCIENCE

2.  Management science involves the application of
advanced and analytical techniques for problem
solving and decision making in workplace.
 It is pleasure to learn, understand & practice
fundamentals of evergreen field of Management
Science in-view of tremendous growth in early
21th century.
 The thorough understanding of concepts in
management science subject facilitates the
technocrats-cum- entrepreneurs to take-up
decisions effectively and efficiently in the
uncertain and challenging business environment.

3.  Introduction To Management: Concept – Nature
and importance of Management – Generic
Functions of Management – Evolution of
Management thought – Theories of Motivation –
Decision making process-Designing organization
structure- Principles of organization – Types of
organization structure- Principles of organization-
Organizational typology-International
management: Global leadership and Organizational
Behaviour Effectiveness (GLOBE) structure
Course outcome
 Outline the basic concepts of Management and
understands its evolution.

4.  Operations Management: Principles and Types of
Management – Work study – Statistical Quality
Control- Control charts (P-chart, R-chart, and C-
chart) Simple Problems- Material Management:
Need for Inventory control- EOQ, ABC analysis
(simple problems) and Types of ABC analysis (HML,
SDE, VED, and FSN analysis)
Course outcome
 Apply statistical tools and techniques in Operations
Management.

5.  Functional Management: Concept of HRM, HRD
and PMIR- Functions of HR Manager- Wage
payment plans (Simple Problems) - Job Evaluation
and Merit Rating- Marketing Management-
Functions of Marketing-Marketing strategies based
on product Life Cycle, Channels of distributions.
Operationalising change through performance
management
Course outcome
 Adapt functional strategies in the prevailing
business environment.

6.  Project Management: (PERT/CPM):
Development of Network – Difference
between PERT and CPM Identifying Critical
Path- Probability- Project Crashing (Simple
Problems)
Course outcome
 Develop project network in a way that
optimally utilize organizational resources.

7.  Strategic Management: Vision, Mission, Goals,
Strategy – Elements of Corporate Planning Process
– Environmental Scanning – SWOT analysis- Steps
in Strategy Formulation and Implementation,
Generic Strategy alternatives. Global strategies,
theories of multinational companies
Course outcome
Formulate strategic alternatives in the economic
interests of the organization.

8.  Contemporary Management Practices: Basic
concepts of MIS, MRP, Just-In Time (JIT) Systems,
Total Quality Management(TQM), Six sigma and
Capability Maturity Models (CMM) Levies, Supply
Chain Management, Enterprise Resource Planning
(ERP), Business Process Outsourcing (BPO), Business
Process Re-Engineering and Bench Marking,
Balanced Score Card.
Course outcome
Apply contemporary management practices towards
optimum productivity and profitability.