Principles of Management Online Course

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As the name implies, principles of management courses equip students with the necessary knowledge and skills required for effective management. It takes students through the fundamental concepts of management such as planning and organization to help tackle real-world management problems in businesses. Moreover, this course can span up to 9 months, depending on the university or institution. In this blog, we will explore why this course is a good fit for students, most popular course options, and more informative details.


Why Study Principles of Management?

Here are a bunch of reasons why you should pursue Principles of Management courses:

  • It helps to gain in-depth knowledge of basic and advanced management-related concepts.
  • Students get to develop different skills and leadership qualities that later help them excel in their careers.
  • The Principles of Management course helps students gain insights into financial management and budgeting.
  • By fostering the development of essential skills, the Principles of Management course encourages personal development at different levels.
  • This course further assists students in starting their careers and managing them effectively.

What are the Principles of Management?

Henry Fayol in his book “Administration Industrielle et Geénérale’’ in 1916 listed the principles of management. Henry Fayol’s principles of management put emphasis on managerial skills over technical skills. We now understand it as good management.

  • Division of work- Henry Fayol states that the division of work improves the efficiency, productivity, accuracy, and speed of the workers. 
  • Authority and responsibility- Authority should be given to the managers to make sure that the instructions are carried out by the employees. However, there should be a balance between authority and responsibility. 
  • Discipline- An organization requires rules, philosophies, and structures that have to be followed by everyone. Discipline makes sure that the organization runs effectively. For this, managers need to create a culture of mutual respect.
  • Unity of command- workers should receive orders from one manager to make sure there is a clear chain of command.
  • Unity of direction- The employees should work towards one goal under the direction of one manager. There can be sub-managers. However, one person should oversee the whole operation.
  • Collective interest over the individual interest of the team should be given importance over the interest of an individual in an organization.
  • Remuneration- Employees have to be given fair wages for their contribution to the organization.
  • Centralization – The organization should follow a top-to-bottom approach to management. It will concentrate power in the hands of authority.
  • Scalar chain- The workers should know who they should go for command. There should be a clear chain of communication.
  • Order- The resources have to be placed in the right place so that it is available at the right time.
  • Equity- Kindliness and justice have to be used by managers while interacting with their teams.
  • Stability of tenure of personnel- Job security should be provided to the employees who work for the company.
  • Initiative – Organizations should encourage employees to take initiative in their work.
  • Esprit de Corps – It refers to team spirit. Where there is team spirit employees are more likely to be productive.

Also read- Career in Engineering Management 

Principles of Management Course Syllabus

The Principles of management course content is generally divided into the following topics. 

S.NoCourse Topic
1Introduction to management- communicating with
direct reports and teams 
2Making direct reports and teams and influencing
without authority 
3Coach making- high-quality
ethical decisions
4Strategies, priorities, and projects

Principles of Management Online Courses

Here are the most popular Principles of Management online courses that students can consider while making the decision.

Course NameCourse ProviderFees
Principles of ManagementUdemy INR 1499
Principles of Management Online CourseUniversity of North Dakota$800 – $1250
Principles of ManagementPearson $675
Principles of ManagementStraighterline $79
Principles of ManagementIIT RoorkeeFree
Principles of Business ManagementDigitalCampurINR 16,790
Principles of managementCourseraFree
Principles of ManagementGreat LearningFree
Principles of ManagementSaylor AcademyFree
Principles of ManagementLumenNA

Also Read- Marketing Management

Below are the Principles of Business Management books that students can read to understand the course details in a better way. 

Fundamentals of ManagementStephen P. Robbins, David A. Decenzo
Essentials of ManagementHarold Koontz, O’Donnell, and Heinz Weihrich
Principles Of ManagementRichard L. Daft

Also Read- Bachelor of Management or BMS course


Q1. How much does this Management Principles course cost?

Ans. This course cost approximately INR 3,785 to complete. However, students can also complete the course for free from websites such as Great Learning, and Coursera.

Q2. What is the purpose of studying principles of management?

Ans. The purpose of studying this course is to help managers to solve diverse problems in a dynamic setting. It also helps managers to take the right decision at the right time.

Q3. What is the course of principal management?

Ans. The course give an understanding of the evolution of management. It also explains management functions such as organizing, planning, and controlling. The impact of these principles is also discussed as well as the skills and functions of an efficient manager.

The principles of management college courses can be undertaken from popular websites. The course is flexible and not time-consuming. It is also completely online. Need help with study abroad admissions? Call us at 1800 572 000 and book our free 30-minute counseling session today.

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