Principles of Management Online Course

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.No	Course Topic
1	Introduction to management- communicating with direct reports and teams
2	Making direct reports and teams and influencing without authority
3	Coach making- high-quality ethical decisions
4	Strategies, 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 Name	Course Provider	Fees
Principles of Management	Udemy	INR 1499
Principles of Management Online Course	University of North Dakota	$800 – $1250
Principles of Management	Pearson	$675
Principles of Management	Straighterline	$79
Principles of Management	IIT Roorkee	Free
Principles of Business Management	DigitalCampur	INR 16,790
Principles of management	Coursera	Free
Principles of Management	Great Learning	Free
Principles of Management	Saylor Academy	Free
Principles of Management	Lumen	NA

Also Read- Marketing Management

Popular Books

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

Books	Author
Fundamentals of Management	Stephen P. Robbins, David A. Decenzo
Essentials of Management	Harold Koontz, O’Donnell, and Heinz Weihrich
Principles Of Management	Richard L. Daft
Management	Robbins

Also Read- Bachelor of Management or BMS course

FAQs

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.