Principles of Management - En010 402(Me).Doc

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Course Plan

AMAL JYOTHI COLLEGE OF ENGINEERINGKOOVAPALLY P.O., KANJIRAPALLY

FACULTY EVALUATION RECORDForPRINCIPLES OF MANAGEMENT - EN010 402(ME):

Submitted by

ARJUN K R Asst. Professor

Department of Mechanical EngineeringJAN 2014 May 2014

FACULTY EVALUATION RECORD

NAME : ARJUN K R

DEPARTMENT: MECHANICAL ENGINEERING

SUBJECT : PRINCIPLES OF MANAGEMENT

CODE : EN010 402(ME)

CLASS : S4 ME B BATCH

CONTENTS

SUBJECT SYLLABUS COURSE PLAN

PROGRAMME EDUCATIONAL OBJECTIVES PROGRAM OUTCOMES COURSE LEARNING OBJECTIVES COURSE OUTCOMES PO CO MAPPING COURSE TRACEABILITY MATRIX ASSESSMENT SCHEDULE DELIVERY TECHNOLOGIES TEACHING LEARNING ACTIVITIES ASSESSMENT PATTERN TEACHING RECOURSES

LECTURE NOTES

UNIVERSITY QUESTION PAPER (Offline)

SERIES & MODEL TEST QUESTION PAPERS

SERIES & MODEL TEST ANSWER SHEETS (Offline)

ASSIGNMENTS(Offline)

DEPARTMENT OF MECHANICAL ENGINEERING COURSE PLAN Course TitlePRINCIPLES OF MANAEMENTCourse CodeEN010 402(ME):

Course InstructorARJUN K R Teaching DepartmentME DEPT

Version No.Hours/Week (L-T-P)3 hours lecture and 1 hour tutorial per week

Course Prerequisites/ CorequisitesAnalyzing skills, Responsiveness to practical problems

PROGRAMME: MECHANICAL ENGINEERING

B.Tech in MECHANICAL ENGINEERING ( from Mahatma Gandhi University, Kottayam. The duration of the programme is four academic years, comprising of eight semesters. This Program has 212 credits, comprises of theory, program specific and global elective, lab, project and seminar. Each subject will have a certain number of credits assigned to it depending upon the academic load and the nature and importance of the subject. The credit associated with each subject will be shown in the prescribed scheme and syllabi. Each course shall have an integer number of credits, which reflects its weight-age. The first and second (S1&S2) semesters will be combined, the scheme and syllabi is common for all branch of specialization with 44 credits in the first year. Third semester (S3) to seventh semester (S7) have 6 theory subjects and two labs, totaling 28 credits per semester. In the eighth semester five theory papers, one lab, project work and viva voce together has 28 credits.VISION OF THE DEPARTMENTTo create graduate and post graduate Mechanical engineers having excellence and competence in addressing the needs in the disciplines of Mechanical Engineering and allied areas at both National and International levels with a deep commitment to serving the society for bettering the standard of living.MISSION OF THE DEPARTMENTTo impart formal education in Mechanical engineering and allied areas at under graduate and post graduate levels by integrating a variety of project experiences at every level throughout the curriculum. They should be able to apply with confidence the knowledge in Mechanical engineering through research in the science and technology. To share knowledge through educational programs and the dissemination of our new discoveries. To develop linkages with world class R&D organizations and educational institutions in India and abroad for excellence in teaching, research, consultancy practices and entrepreneurship

PROGRAMME EDUCATIONAL OBJECTIVESDefinition: Broad statements that describe the career and professional accomplishments that the program is preparing the graduates to achieve and will be achieved within 3 to 5 years after the course. These are relevant to the engineering course and are specific to each program.

Program Educational Objectives (PEO) for MECHANICAL ENGINEERING

1) To provide our students with a fundamental understanding of the engineering sciences in the areas relevant to the field of Mechanical Engineering.2) To provide our students with a broad view of the context in which their designs will be implemented and the corresponding impact on society.3) Graduates can produce engineering designs that are based on sound principles and that consider functionality, aesthetics, safety, cost effectiveness and sustainability.4) Graduate will achieve expertise in design and analysis of various mechanical engineering systems.5) Graduates will function ethically in professional mechanical engineering roles and exhibit good competency in their work culture. 6) Graduates will take up lifelong learning by being active members of professional bodies like IEI, ASME etc. and obtain professional licensure. PROGRAMME OUTCOMES Program Outcome / Student Learning Outcome: Program outcomes describe what students are expected to know and able to do by the time of graduation. These relate to the knowledge, skills, and behaviors that students acquire as they progress through the program.a. The successful graduate will be able to analyse, identify and solve engineering problems, through application of knowledge in mathematics, science and engineering.b. The successful graduate will be eligible to function as mechanical engineers.c. The successful graduate will be able to analyse, evaluate and design various processes for manufacturing a product.d. Graduates must have the ability to identify a suitable model for a physical system, and apply principles of mechanics, thermodynamics, fluid mechanics, and materials to obtain a solution that satisfies the constraints.e. The successful graduate will be able to identify, formulate, and solve engineering problems.f. The successful graduate will be able to analyse various materials and their properties.g. Graduates must have the ability to use techniques, skills, and modern engineering tools necessary for engineering practice.h. The successful graduate will be able to figure out the influence of fluid power in mechanical sectors.i. The successful graduate will be able to interpret and use experimental and field data.j. The successful graduate will be able to understand and develop the new mechanical systems using the principles of boundary layer phenomenon, modes of heat transfer, refrigeration and power generation.k. The successful graduate will be able to work as a member and leader of engineering team.l. Graduates must possess knowledge of contemporary issues.m. The successful graduate will have good awareness on past and present trends in manufacturing, production and marketing.n. The successful graduate will be able to make oral or written presentation of analysis and design to supervisors and other engineers.o. The successful graduate will be able to understand the ethical requirements of the profession, the need for lifelong learning and the impacts of mechanical engineering activities on society.p. The successful graduate will be prepared to attend and perform successfully in a graduate program in a specialty of choice in mechanical engineering. q. The successful graduate will be able to manage the job floor of an industry efficiently and effectively by the optimized utilization of the resources for the optimum output.

MAPPING SUBJECTS IN YOUR SYLLABUS AS PER THE PROGRAM OUTCOME

Program Outcome (a)1. EN010 101 ENGINEERING MATHS I2. EN010 102 ENGINEERING PHYSICS3. EN010 103 ENGINEERINGCHEMISTRY& ENVIRONMENTAL STUDIES 4. EN010 104 ENGINEERING MECHANICS5. EN010 301 ENGINEERING MATHS II6. EN010 401 ENGINEERING MATHS III7. EN010 501 ENGINEERING MATHEMATICS IV8. EN010 109 BASIC ELECTRONICS & INFORMATION TECHNOLOGYProgram Outcome (b)1) ME010 307: COMPUTER PROGRAMMING LAB2) ME010 308: FLUID MECHANICS LAB3) ME010 407: HYDRAULIC MACHINES LABORATORY4) ME010 408 PRINCIPLES OF MANAGEMENT LAB5) ME010 508 ELECTRICAL & ELECTRONICS LAB6) ME010 607: HEAT ENGINES LABORATORY7) ME010 608: MACHINE TOOL LABORATORY8) ME 010 707: MECHANICAL MEASUREMENTS LABORATORYProgram Outcome(c)1) ME010 404 MANUFACTURING PROCESS2) ME010 803 PRODUCTION ENGINEERING3) ME010 606 L02: COMPOSITE MATERIALS TECHNOLOGY4) ME010 304: METALLURGY AND MATERIAL SCIENCE5) ME010 805G03 NANO TECHNOLOGY

Program Outcome (d)1) ME010 706L02: TURBO MACHINES2) ME010 606L03: AUTOMOBILE ENGINEERING3) ME010 605: MECHATRONICS AND CONTROL SYSTEMS4) ME 010 701:DESIGN OF MACHINE ELEMENTS5) ME010 305: PROGRAMMING IN C

Program Outcome (e)1) ME010 606L01 COMPUTATIONAL FLUID DYNAMICS2) ME010 601 MECHANICS OF MACHINES3) ME 010 506 THERMODYNAMICS

Program Outcome(f)1) ME 010 304 METTULURGY AND MATERIAL SCIENCE2) ME010 606 L02: COMPOSITE MATERIALS TECHNOLOGYProgram Outcome(g) 1) ME 010 701:DESIGN OF MACHINE ELEMENTS 2) ME010 601 MECHANICS OF MACHINES 3) ME 010 304 METTULURGY AND MATERIAL SCIENCEProgram Outcome(h)1) ME010 303: FLUID MECHANICS2) ME010 403: HYDRAULIC MACHINES

Program Outcome(i)1) EN010 302 ECONOMICS AND COMMUNICATION SKILL2) ME010606 PROJECT MANAGEMENT3) ME 010 705 INDUSTRIAL ENGINEERING

Program Outcome(j)1) ME 010 506 THERMODYNAMICS2) ME010 704 REFRIGERATION AND AIR CONDITIONING3) ME 010 606 L01 COMPUTATIONAL FLUID DYNAMICS4) ME 010 603 THERMAL SYSTEMS AND APPLICATIONS5) ME 010 602 HEAT AND MASS TRANSFERProgram Outcome (k to q)1) EN010 302 ECONOMICS AND COMMUNICATION SKILL2) EN 010 402 PRINCIPLES OF MANAGEMENT3) ME010606 PROJECT MANAGEMENT4) ME 010 705 INDUSTRIAL ENGINEERING5) ME 010 706 L01: PLANT ENGINEERING AND MAINTENANCE6) ME 010 706 L04 SALES AND MARKETING MANAGEMENT7) ME 010 805G02 DISASTER MANAGEMENT8) ME010 805 G05 OPTIMIZATION METHODS IN DESIGN9) ME010 709 SEMINAR10) ME010 807 PROJECT WORK

SYLLABUS

EN010 402(ME): Principles of Management(Common with EN010 502(ME))Teaching scheme Credits: 43 hours lecture and 1 hour tutorial per weekObjectives To develop an understanding of different functional areas of management. To understand the functions and duties an individual should perform in anorganisation.Module I (12 hours)Management Concepts: Vision, Mission, Goals and Objectives of management-MBOScientificmanagement- Functions of management- Planning- Organizing- Staffing-Directing- Motivating- Communicating- Coordinating- Controlling- Authority andResponsibility- Delegation- Span of control- Organizational structure- Line, Line and staffand Functional relationship.Module II (12 hours)Personnel Management: Definition and concept- Objectives of personnel management-Manpower planning- Recruitment and Selection of manpower- Training and development ofmanpower- Labour welfare- Labour turnover- Quality circle- Industrial fatigue- Industrialdisputes-Method of settling disputes- Trade unions.Module III (12 hours)Production management: Objectives and scope of production management- Functions ofproduction department- production management frame work- product life cycle-Types ofproduction- Production procedure- Project planning with CPM and PERT- Basic concepts innetwork.Module IV (12 hours)Financial Management: Objectives and Functions of Financial Management- Types ofCapital- Factors affecting working capital- Methods of financing.Cost Management: Elements of cost- Components of cost- Selling Price of a product.Module V (12 hours)Sales and Marketing Management: Sales management- Concept- Functions of salesdepartment- Duties of sales engineer- Selling concept and Marketing concept- Marketing-Definition and principles of marketing- Marketing management and its functions- Salesforecasting- Pricing- Advertising- Sales promotion- Channels of distribution- Marketresearch.Text Books1. Koontz and Weihrich, Essentials of Management, Tata McGraw Hill.2. Mahajan M., Industrial Engineering and Production Management, Dhanpat Rai and Co.3. Kemthose and Deepak, Industrial Engineering an Management, Prentice Hall of India.Reference Books1. Martand Telsang, Industrial Engineering and Production Management.2. Khanna O.P., Industrial Engineering and Management, Dhanpat Rai and Co.3. Philip Kotler, Marketing Management, Prentice Hall of India.4. Sharma S. C. & Banga T. R., Industrial Organisation and Engineering Economics,Khanna Publishers.5. Prasanna Chandra, Financial Management, Tata McGraw Hill.COURSE LEARNING OBJECTIVE To develop an understanding of different functional areas of management. To understand the functions and duties an individual should perform in an organisation.COURSE OUTCOME [1] To develop an understanding of different functional areas of management, levels of management activities and to understand the formal relationship existing among the individuals working in the organization.[2] To understand the role of human resource management in an organization and to discuss the various activities of personnel management in an organization.

[3] To gain a basic understanding of production management and to learn about product life cycle.

[4] To lean about the fundamentals of the financial management and to discuss the various sources for raising funds for an organization

[5] To gain a basic understanding of sales management, its importance and basic forecasting techniques.

PROGRAMME OUTCOME COURSE OUTCOME (Mapping)Upon completion of the course, the students will be able to:COURSE OUTCOMEPROGRAM OUTCOME

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CO [1]xxxxxxx

CO [2]xxxxxx

CO [3]xxxxxx

CO [4]xxxxxxxxx

CO [5]xxxxxxxx

LECTURE SCHEDULECOURSE TRACEABILITY MATRIXCourse Duration: January 2014 to April 2014

COURSE NAME- PRINCIPLES OF MANAEMENT COURSE CODE EN010 402(ME):

PREPARED BY-ARJUN K RAPPROVED BY : HOD ME

SYLLABUS TOPIC PLANNED HOURSACTUALLY TAKENLECTURE NOTE NODATEQuestion Bank

CONCEPT OF MANAGEMENT DIFFERNCE BETWEEN VISION AND MISSION221-11-231-12-1301-01-14May13,Q1a,2a

GOALS OBJECTIVES AND FUNCTIONS OF MANAGEMNT CONCEPT OF SCIENTIFIC MANAGEMNT 441-31-402-01-1403-01-1404-01-14May 12,Q1b,2b

MANAGEMENT BY OBJECTIVES 111-506-01-14

SPAN OF CONTROLAUTHORITY AND RESPONSIBILITYDELEGATION 331-61-71-807-01-1408-01-1409-01-14

ORGANIZATIONAL STRUCTURES

221-910-01-141301-14May13,Q1c,2c

CONCEPT OF PERSONNEL MANAGEMENT222-115-01-14

FUNCTIONS OF PERSONNEL MANAGEMENT 222-217-01-1418-01-14

MAN POWER PLANNING AND RECRUITMENT MAIN FACTORS AFFECTING RECRUITMENT 442-32-420-01-1421-01-1422-01-14

CONCEPT OF LABOUR TURN OVER112-524-01-14May12,Q3a,4b

CONCEPT OF QUALITY CIRCLES 112-601-02-14

CONCEPT OF INDUSTRIAL FATIGUE 112-703-020-4

THE CONCEPT OF INDUSTRIAL DISPUTETYPES OF INDUSTRIAL DISPUTES METHODS FOR SETTLEMENT OF INDUSTRIAL DISPUTES442-82-92-1005-02-1406-02-1410-02-14May10,Q3,15

CONCEPT OF TRADE UNIONS MEASURES FOR STRENGTHENING TRADE UNIONS 332-112-1211-02-1412-02-14

DIFFERENCE BETWEEN PRODUCT AND SERVICE 113-113-02-14Nov10,Q16 b

PRODUCTION MANAGEMENT SOPE OF PRODUCTION MANAGEMENT THE FUNCTION OF PRODUCTION DEPARTMENT333-23-33-41402-1421-02-1424-02-14

ACTIVITIES BY PRODUCTION MANAGER

113-525-02-14

DIFFERENT TYPES OF PRODUCTION PROCESSTYPES OF PRODUCTION PROCESS 22223-63-726-02-14Nov12,Q8

28-02-1404-03-14

PRODUCT LIFE CYCLE 333-83-93-1005-03-14Nov 10,Q8

CHARACTERISTICS OF THE PLC11-03-14

COMMON PATTERNS OF PLC 12-03-14

INTRODUCTION TO FINANCIAL MANAGEMENT114-113-03-14

OBJECTIVES OF FINANCIAL MANAGEMENT224-24-315-03-14Nov12,Q7

FUNCTION OF FINANCIAL MANAGEMENT

17-03-14Nov12,Q8

TYPES OF CAPITALS IN FINANCIAL MANAGEMENTFACTORS AFFECTING WORKING CAPITAL 224-44-518-03-14May 13,Q10

19-03-14May 12,Q5c,6b

THE STRUCTURE OF CAPITALDISCUSS FACTORS AFFECTING CAPITAL STRUCTURE22

4-64-720-03-14

21-03-14Nov 10,Q7a,8a

DIFFERENT TYPES OF SHARES114-822-03-14

METHODS FOR FINANCING 224-924-03-1425-03-14Nov 09,Q7b,8c

COST MANAGEMENT CALCULATION OF SELLING PRICE -BREAK EVEN ANALYSIS334-104-114-1226-03-14

27-03-14May 12,Q8b

28-03-14May13,Q7c

FUNCTION OF SALES MANAGEMENT115-129-03-14

DIFFERENCE BETWEEN SELLING AND MARKETING 115-231-03-14

MARKET RESEARCHDISCUSS MARKET RESEARCH TECHNIQUE 225-35-401-04-14

02-04-14

CHANNELS OF DISTRIBUTIONFACTORS AFFECTING CHANNELS OF DISTRIBUTION225-55-603-04-14May 12,Q19

04-04-14

ROLE OF ADVERTISINGTO DISCUSS CLASSIFICATION OF ADVERTISING22

5-75-805-04-14Nov12,Q20

07-04-14May 12,Q9

DISCUSS SALES PROMOTION METHOD115-908-04-14

PRICING, PRICING METHODS115-1008-0-4-14May13,Q10

SALES FORECASTING 215-115-1209-04-14

TO INTRODUCE VARIOUS TYPES OF FORECASTING

Nov10 ,Q9

May12,Q20

ASSESSMENT SCHEDULE #TYPENAMETOPICSWEEK/DATE

1Assignment 1Assignment1Presentations20-01-14 to 24-01-14

2Series Test 1ST 1Module- 117-02-14

3ClassTest 1CT1Module- 228-02-14

4ClassTest 2CT2Module 315-03-14

5Assignment 2Assignment2Problems19-03-14

6Series Test-2MEModule 4&522-04-14

DELIVERY TECHNOLOGIESSl. No.Delivery Technology

1.Classroom with Blackboard

2.Classroom with LCD Projector

TEACHING LEARNING ACTIVITIESThe course will be based on the following teaching and learning activities: Review questions and class discussion. Using the Internet to find the recent information related to the course. Tutorial. Homework. Case studies. Exercises.

ASSESSMENT PATTERN

ItemMarks

Series Test 1 10

Series Test 210

Class Test10

Assignment 1 5

Assignment 25

Attendance10

Total 50

TEACHING RESOURCESText Books1. Koontz and Weihrich, Essentials of Management, Tata McGraw Hill.2. Mahajan M., Industrial Engineering and Production Management, Dhanpat Rai and Co.3. Kemthose and Deepak, Industrial Engineering an Management, Prentice Hall of India.Reference Books1. Martand Telsang, Industrial Engineering and Production Management.2. Khanna O.P., Industrial Engineering and Management, Dhanpat Rai and Co.3. Philip Kotler, Marketing Management, Prentice Hall of India.4. Sharma S. C. & Banga T. R., Industrial Organisation and Engineering Economics,Khanna Publishers.5. Prasanna Chandra, Financial Management, Tata McGraw Hill.

NameDateSignature

Prepared by :Arjun.K.R21-04-14

Approved by :Dr.Jippu Jacob28-04-14

Lecture Note Template S4 ME B , Principles of Management Lecture No: 1-1Date: 31-12-13

Objective: -To introduce the concept of management Key points: Definition and concept Explanations: Personnel management is also known as human resource management. It is concerned with proper use of human factors. Procurement and maintenance of adequate workforce. Education and training of present employees. Maintaining satisfactorily personnel contacts and employee relationship.

References: - a. Koontz and Weihrich , Essentials of Management.,Tata McGraw Hilla. Mahajan .M , Industrial Engineering and Production Management a. Martand Telsang , Industrial Engineeering and Production Management


Objective: -To introduce the difference between vision and mission statements for an organization Key points: Vision, Mission Explanations: A mission statement explains what the organization does, for whom and the benefit. A vision statement, on the other hand, describes how the future will look if the organization achieves its mission. A mission statement should answer three key questions:1. What do we do? 2. For whom do we do it? 3. What is the benefit?

References: - 1. Koontz and Weihrich , Essentials of Management.,Tata McGraw Hill2. Mahajan .M , Industrial Engineering and Production Management 3. Martand Telsang , Industrial Engineeering and Production Management


Objective: To discuss goals and objective of management Key points: goals, objectives, functions

Explanations: Management has been described as a social process involving responsibility for economical , effective planning & regulation of operation of an enterprise, in the fulfillment of given purpose . It is a dynamic process consisting of various elements and activities . These activities differ from operative functions like marketing, finance and purchase etc

1. Koontz and Weihrich , Essentials of Management.,Tata McGraw Hill2. Mahajan .M , Industrial Engineering and Production Management 3. Martand Telsang , Industrial Engineeering and Production Management


Objective: -to discuss concept of scientific management Key points: Scientific Management, conceptExplanations: Scientific Management is an art of knowing exactly what you want your men to do and seeing that they do it in the best and cheapest way. Today Scientific methods and techniques are applied in the field of recruitment, selection, and training, methods of doing work in best and cheapest way.



Objective: -to discuss the concept of Management by objectives Key points: Management by objectives Explanations: MBO is basically a process by which superior and subordinate managers identifies a common goal of the enterprise, define the individual responsibility in terms of result expected of him and use the objectives developed as guidelines for operating the unit.



Objective: - To discuss the concept of span of control Key points: Span of control, factors affectingExplanations: Also called as Span of management refers to the number of the subordinates that reports to an executive. The number of the subordinates that an executive can supervise directly. An executive should not have more subordinates looking to him for guidance than he can reasonably be expected to serve because 1) The executive has limited time available. 2) He has limited available Energy.



Objective: -to discuss authority and responsibility Key points: authority and responsibilityExplanations:



Objective: -Discuss the concept of delegation Key points: Delegation Explanations: Delegation means assigning of certain responsibilities along with the necessary authority by a superior to his subordinate managers. Delegation does not mean surrender of authority by the top managers. It only means transfer of certain responsibility to subordinates and giving them necessary authority, which is necessary to discharge the responsibility properly. Delegation is quite common in all aspect of life including business.



Objective: - to discuss the various organizational structures Key points: different types of organizational structure Explanations: Organizational structures basically concerned with allocation of task and delegation of authority. It is the establishment of formal relationship among the individuals working in an organization

1. Line organization structure2. Line and staff structure3. Functional structure4. Matrix structure5. Project structure



Objective: -To introduce the concept of personnel management Key points: Definition and concept Explanations: Personnel management is also known as human resource management. It is concerned with proper use of human factors.Procurement and maintenance of adequate workforce. Education and training of present employees. Maintaining satisfactorily personnel contacts and employee relationship.



Objective: -to discuss the main functions of personnel management Key points: key functions, Man power planning Explanations: Man power planning is also called as human resource planning consist of putting right number of people ,right kind of people, at right place at right time doing right things for which they are suited for the achievement of goals of the organization.



Objective: -to discuss the process of Recruitment by personnel manger Key points: Recruitment, Steps Explanations: The recruitment process includes analyzing the requirements of a job, attracting employees to that job, screening and selecting applicants, hiring, and integrating the new employee to the organization.



Objective: -to discuss the main factors affecting recruitment Key points: Recruitment, Main Factors Explanations: References: - 1. Koontz and Weihrich , Essentials of Management.,Tata McGraw Hill2. Mahajan .M , Industrial Engineering and Production Management 3. Martand Telsang , Industrial Engineeering and Production Management

Lecture Note TemplateS4 ME B , Principles of ManagementLecture No: 2-5Date: 21-01-14

Objective: -to discuss the concept of labour turn overKey points: labour turn over, concept, Main factorsExplanations:It is the rate at which the employees move in and out of the organization.Harmful for the companys productivity if skilled labours are leaving, and worker population contains only inexperienced employeesReferences: -1. Koontz and Weihrich , Essentials of Management.,Tata McGraw Hill2. Mahajan .M , Industrial Engineering and Production Management3. Martand Telsang , Industrial Engineeering and Production Management

Lecture Note TemplateS4 ME B , Principles of ManagementLecture No: 2-6Date:

Objective: -to discuss the concept of quality circles Key points: Quality circle, its functions Explanations:Quality circles are imperative in todays world where the customer's expectations keep changing Process of continuous quality improvement in an organization by direct involvement of employees in quality. Quality circles operate on the basic principle that employee participation in decision making and problem solving improves the quality of work

References: -1. Koontz and Weihrich , Essentials of Management.,Tata McGraw Hill2. Mahajan .M , Industrial Engineering and Production Management3. Martand Telsang , Industrial Engineeering and Production Management


Objective: -to discuss the concept of industrial fatigue Key points: Industrial fatigue, its elimination Explanations:Refers to the reduction in the work of the worker or the reduction in pleasure of doing the work.Fatigue is the negative attitude shown by the worker to do some work.Reasons Repetition of work.Non recognition of the work of the employee by the employerBad/ Unsafe working conditions Lack of coperation from co workers



Objective: -to discuss the concept of industrial dispute Key points: Industrial dispute , Reasons Explanations:According to the Industrial Dispute Act,1947 sec (2(k)),Industrial disputes mean any dispute or difference between employers and employers, or between employers and workmen, or between workmen and workmen, which is connected with the employment or non employment or terms of employment or with the conditions of labor of any person.



Objective: -to discuss types of industrial disputes Key points: Industrial dispute , types Explanations:Strikes 1) Stay away strikes 2) Sit down Stay-in Tool Down or Pen Down Strikes3) Go Slow strikes4) Picketing & Boycott5) GheraoB) Lock outs


Lecture Note TemplateS4 ME B , Principles of ManagementLecture No: 2-10Date:06-02-14

Objective: -to discuss methods for settlement of industrial disputes Key points: Settlement Methods Explanations:

Collective bargaining Conciliation and meditation ArbitrationAdjudication



Objective: -to introduce concept of trade unions Key points: trade unions, its role Explanations:

Any combination, whether temporary or permanent, formed primarily for the purpose of regulating the relations between workmen and employers or between workmen and workmen, or between employers and employers, or for imposing restrictive conditions on the conduct of any trade or business. They are formed to protect and promote the interests of their members. Their primary function is to protect the interests of workers against discrimination and unfair labor practices.



Objective: -to discuss measures for strengthening trade unions Key points: Strengthening Trade unions Explanations:Development of a strong baseOne Union in one industryElimination of political influenceDevelopment of internal leadershipPaid union officials Financial stability Expansion of union activities Recognition of trade union activities



Objective: -To discuss the difference between product and service Key points: Product, Service, OrganizationExplanations: Manufacturing Industries- those engaged in manufacturing of goods(Finished Product) Eg:- Tata Motors, Sun feast Biscuit Producing Company. Service Organizations:- Systems offering Services Eg:- Hospitals, Educational Institutions, Banks



Objective: - To introduce production management Key points: Production Management Explanations: Planning, Coordinating and Controlling of resources required for production to produce specified product by specified methods by optimum utilization of resources. The main objective of production management is to produce right quality and quantity at the right time and right manufacturing cost



Objective: -to discuss scope of production management Key points: Scope of production management

Explanations: Planning physical Facilities Planning of formative Aspects Place of incorporation and selection of suitable site Layout of the factory and design of factory building Proper planning for maintenance Industrial security



Objective: to discuss the function of production department Key points: The main function Explanations: Selection of Product and Design Selection of production process Selecting Right production capacity Production planning Production control Quality and cost control Maintenance and replacement of machines Inventory control



Objective: To discuss the concept of 5psKey points: conceptual frame work Explanations:

PMs function is divided into 5Ps for forming a conceptual framework for various activities by production Manager1. PRODUCTS.2. PLANT. 3. PROCESS.4. PROGRAMME.5. PEOPLE



Objective: -to discuss different types of production process Key points: Types of production process Explanations: Job Shop production

Characterized by manufacturing of one or few quantity of products designed and produced as per specification of customers within prefixed time and cost.

Batch Production

Characterized by manufacture of limited number of products produced at regular interval and stocked in warehouses as finished goods awaiting sales.



Objective: to discuss different types of production process Key points: Types of production process

Explanations: Mass and flow production Mass production_ Manufactured either at a single operation, or a series of operation on one machine . Flow production Manufactured by a series of operation on different machines, arranged as per sequence of operation



Objective: -to discuss the product life cycle Key points: Stages in Product life cycle Explanations: 1. Development 2. Introduction stage 3. Growth stage 4. Maturity stage 5. Decline stage



Objective: Characteristics of the PLC

- Key points: Main features Explanations:

Introduction Growth Maturity Decline

CHARACTERISTICS

Sales Low Rapidly rising Peak Declining

Costs/customer High Average Low Low

Profits Negative Rising High Declining

Customers Innovators Early Adopters Middle majority Laggards

Competitors Few Increasing Stable number Declining


Lecture Note Template S4 ME B , Principles of Management Lecture No: 3-10Date:

Objective: -to discuss common patterns Key points: Common patterns Explanations: References: - 1. Koontz and Weihrich , Essentials of Management.,Tata McGraw Hill2. Mahajan .M , Industrial Engineering and Production Management 3. Martand Telsang , Industrial Engineeering and Production Management


Objective: -Introduction to financial Management Key points: Definition, ImportanceExplanations: Anticipating financial which means estimating needs and the requirements of the firm in terms of long term and short term needs or investment in fixed and current assets.. Acquiring financial resources from different sources to meet the financial needs Allocating the funds to maximize the shareholders wealth


Lecture Note Template S4 ME B , Principles of Managemnt

Lecture No: 4-2Date: 15-03-14

Objective: - To discuss the main objectives of financial management

Key points: Objectives of financial management

Explanations: - Profit Maximization Wealth maximization Proper estimation of total financial requirements Proper utilization of finance Proper coordination Reduce cost of capital Reduce operating risk


Lecture Note TemplateS4 ME - B Principles of ManagementLecture No: 4-3Date: 17-03-14

Objective: To discuss main functions of financial management

Key points: Function of financial management

Explanations: -

Estimation of capital requirement Determining capital structure Estimating cash flow Taking investment and dividend decision


Lecture Note TemplateS4 ME - B Principles of ManagementLecture No: 4-4Date:18-03-14

Objective: - To discuss different types of Capitals in Financial Management

Key points: Capital, Fixed Capital, Working Capital

Explanations: - Capital generally refers to saved up financial wealth especially which is used to start or maintain a business.

Fixed Capital: Long term funds required to create production facilities through purchase of fixed assets such as land, machinery and buildings. Funds needed for short term purpose for the purchase of raw materials payment of wages and other day to day expense etc. these funds are called working capital.


Lecture Note TemplateS4 ME - A Principles of ManagementLecture No: 4-5Date:19-03-14

Objective: - To discuss factors Affecting Working capital

Key points: Factors affecting working capital Explanations: - Length of period of manufacture Rate of turn over Terms of purchase and sales Price level changes Market condition Seasonality of operation Size of labour force Converting working assets into cash



Objective: - To discuss the structure of Capital

Key points: Capital structure, Debt, Equity Explanations: Combination of long term finances, debt capital refers to the borrowed money that is at work in the business. Equity capital refers to the money put by the share holders



Objective: - To discuss factors affecting capital structure

Key points: Capital structureExplanations: Degree of control Period of financing Cost of capital Stability of sales Market condition



objective: - to discuss different types of shares Key points: Shares, Preference shares, Equity SharesExplanations: Owned capital of a company divided into large number of equal parts or units. Each such part having the face value is called share. The amount collected by the company from the public towards its capital collectively is known as share. Equity shareholders have voting rights & thus, control the working of the Company. Preference shares are those shares which carry with them preferential rights for their holders, i.e., preferential right as to fixed rate of dividend & as to repayment of capital at the time of winding up of the Company.



objective: - to discuss various methods for financing

Key points: methods for financing Explanations: Finance is essential for business development and expansion. Funds can be procured from different sources, Internal/ External sources Internal sources- Retained Earning, Personnel capitalExternal sources-Debt finance, Equity finance



Objective: - To discuss about cost management

Key points: Cost management Explanations: Cost management includes the activities of the manager in short run and long run planning and control of the cost. The process through which company controls and plans the cost of doing the business. Individual project should have customized cost management plans and company as a whole also integrate the cost management into their overall business model . When properly implemented, cost management will translate into reduced cost of production for products and services, as well as increased value being delved to customers



Objective: - To discuss about cost management

Key points: Cost management Explanations: Cost management includes the activities of the manager in short run and long run planning and control of the cost. The process through which company controls and plans the cost of doing the business. Individual project should have customized cost management plans and company as a whole also integrate the cost management into their overall business model . When properly implemented, cost management will translate into reduced cost of production for products and services, as well as increased value being delved to customers



Objective: - Calculation of selling price

Key points: Cost management Explanations: Cost management is the process of effectively planning and controlling the costs involved in a business. It is considered one of the more challenging tasks in business management. Generally, the costs or the expenses in a business are recorded by a team of experts using expense forms.

The process involves various activities such as collecting, analyzing, evaluating and reporting cost statistics for budgeting. By implementing an effective cost management system, a companys overall budgeting can be brought under control.


Lecture Note TemplateS4 ME - A Principles of Management Lecture No: 4-13Date:28-03-14

Objective: - Break even analysis

Key points: break even Chart Explanations:



Objective: - To introduce the concept of sales management Key points: Definition, Objectives Explanations: The art of meeting the sales goals of an organization through effective planning, controlling, budgeting and leader ship.ObjectivesAchievement of sufficient sales volume Contributing to desirable profits Ensuring continuous growth for company



Objective: - To introduce Function of sales management Key points: Main Functions Explanations:

Sales planning Organizing sales efforts Coordination with other departments Motivation sales persons Appointing and training of sales personnel



Objective: - to discuss the difference between selling and marketing Key points: Explanations:

Marketing and selling are related but differ greatly. Marketing plays a major role in creating new channels/clients and maintaining the existing channels and this contributes to more sales. Selling involves making more sales so as to increase the company's revenues. Despite the difference, the two functions are dependent on each other and therefore a firm should form a system where the two functions are carried out together.



Objective: - To introduce Market Research Key points: Market Research Explanations: Market research is a process of gathering , recording and analyzing of information such as nature of the demand, nature of competition, methods of marketing , sales trend and other aspects starting from the stage of production to the point where they get consumed .



Objective: To discuss market research technique Key points: Technique Explanations: Desk researchPostal questionnaire Telephonic interviewPersonal interviewObservational methodStatistical MethodField trials



Objective: To discuss various channels of distribution Key points: Distribution of channels

Explanation

Producers generally do not sell their product directly to the end users.There are many intermediaries performing variety of functions and bearing variety of name.Distribution channel supply products from the producers to the consumers.They provide sufficient information regarding the market.



Objective: To discuss various factors affecting channels of distribution Key points: Distribution of channels

Explanation

Product consideration Market consideration Company consideration Middle manconsideration



Objective: To discuss about advertising Key points: Role of advertising

Explanation

Publication of information regarding product put up for sales ,and it is method to bringthe producer in touch with the customers.Any paid form of non personnel presentation and promotion of ideas goods and services of an identified sponsor.Mass communication reaching large groups of consumers .It is non personal communication for it is not delivered by an actual person nor is addressed to a specific person.It can be economical for it reaches large groups of people, this makes cost per message very low.



Objective: To discuss classification of advertising Key points: Media

Explanation Print advertising Broadcast advertising Outdoor advertising



Objective: To discuss sales promotion methodKey points: Sales Promotion, objectives

Explanation

Sales promotion include those marketing activities other than personnel selling, advertising and publicity that stimulates consumer purchasing or dealer effectiveness such as displays, shows and exhibition demonstration and various non recurrent selling efforts not in the ordinary routine



Objective: To discuss sales promotion methodKey points: Sales Promotion, Methods

Explanation

Free SamplesBonus offerExchange SchemePrice-off OfferCoupon OfferExhibitionsTrading StampsRefundsScratch And Win



Objective: To introduce pricing Key points: pricing, Pricing methods

Explanation Process of setting price for a product. Market penetration Market skimming One price system Ethical Pricing



Objective: To introduce Sales Forecasting Key points: Quantity and Quality forecasting Explanation A sales forecast is an estimate of the amount of sales for a specific future period under a proposed marketing plan or program. By means of which management may integrate its objectives, its operating programs and its targets with potential market opportunity.



Objective: To introduce various types of forecastingKey points: Quality and Quantity forecasting Explanation Qualitative Forecasting Jury of executive opininion Delphi technique Sales force opinionsQuantitative opininion Moving avg method


AMAL JYOTHI COLLEGE OF ENGINEERINGDEPARTMENT OF MECHANICAL ENGINEERINGFIRST SERIES EXAM- FEBRUARY 2014

PRINCIPLES OF MANAGEMENT (EN 010 402)Time 1.5Hrs Max Marks:50PART A (5x3=15 Marks)1. Management is an art and science. Do you agree? Justify your answer2. Distinguish between mission and vision3. With an example explain authority and responsibility? 4. Explain the different levels of management with examples.5. What are the skills required for a manager?PART B (3x5=15 Marks)6. Define span of control. What are the factors affecting it?7. Explain MBO process using flow-chart. What are the advantages and limitations of MBO process?8. What are the different types of plan? Identify and explain, in which category the following plans belong to?a) Maruti India decides to start a new plant in Keralab) AJCE Mechanical Department decides to host a Technical Seminarc) To get feedback about number of unprocessed transactions every DayPART C (2x10=30 Marks)9. What are the functions of management? Explain in detail10. Explain the different types of organizational structures? Draw the organizational structure for a multi specialty hospital.

AMAL JYOTHI COLLEGE OF ENGINEERINGDEPT OF MECHANICAL ENGINEERINGCLASS TEST I- S4ME-A&B MARCH 2014SUBJECT: Principles of management SUBJECT CODE: ME010 402Time: 1.5 HRS Max Marks: 50 Part-A1) What are the main objectives of personnel management?2) How labour turnover can be measured?3) State the cause and effects on Industrial fatigue (3*3=9)Part-B4) Define training. Explain different training methods5) What are quality circles? Explain the characteristics and objectives of quality circles? (5*2=10)Part C6) Describe the method of recruitment and selection of persons in an industry7) What is industrial dispute? Explain various methods of settling industrial disputes8) What is the need of trade unions in India? What are the functions of trade unions? How can we strengthen trade unions in India? (10*3=30)

AMAL JYOTHI COLLEGE OF ENGINEERINGDEPARTMENT OF MECHANICAL ENGINEERINGSECOND SERIES EXAM- APRIL 2014

PRINCIPLES OF MANAGEMENT (ME 010 402)Time 2 Hrs Max Marks:50PART A (5x3=15 Marks)

1. State the objectives of financial management2. What are the elements of cost?3. What are the functions of sales department?4. What is marketing mix?5. State the different methods of sales forecasting

PART B (3x4=12 Marks)6. How selling price of a product is calculated?7. Differentiate Selling and Marketing8. What is capital structure? What are the factors determining capital structure?

PART C

9. What are the different types of capital available in market? (8 marks)10. Explain pricing. What are the factors affecting pricing? What are the factors affecting the selection of distribution channel? (8 marks)11. Sales data of Beta company is given below. Compute the sales in 2014 (7 marks) Year200520062007200820092010201120122013

Sales(Lakhs)81013253539455060

Department of Computer Science and Engineering Amal Jyothi College of Engineering

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