Professional Documents
Culture Documents
International School
IS – MGT 201: Principles of Management
Semester 2 - Academic Year: 2017 – 2018
Textbook(s)
Jones, G. R., & George, J. M. (2018). Contemporary management. New York, NY: McGraw-
Hill Education. (Book is absolutely fine, just update with the year if you want so. Otherwise it is
befitting.)
Course Description:
This important course provides fundamental knowledge for students in Business and facilitates
them to research other relevant modules. The course Principles of Management is designed to
be an overview of basic definition and nature of management and managers, management
theories and the major functions of management (planning, leading, organizing, controlling).
Note: Evolution of management thoughts, Management and Society: These two things if can
be included in this subject then it will be more holistic.
In this lesson we will study the social responsibility of business and business ethics.
After studying this lesson you will be able to:
2.1 Introduction
2.2 Social Responsibility of Business
2.3 Arguments in favour of Social Responsibility of Business
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2.3.1 Business is a creation of society and therefore it should respond to the
demands of the society
2.3.2 The selfinterest of business is best served by meeting the aspirations of
society
2.3.3 To improve the public image of business
2.3.4 It is the moral thing to do
2.4 Arguments Against Social Responsibility of Business
2.4.1 Responsibility of Government
2.4.2 Conflicting considerations of private market mechanism and social
responsibility
2.4.3 Disregard of Market Mechanism
2.4.4 Arbitrary Power to Businessmen
2.5 Obligations of Business towards different segments of the society
2.5.1 Obligations towards owners or shareholders
2.5.2 Obligations towards Customers
2.5.3 Obligations towards Employees
2.5.4 Responsibility towards Suppliers
2.5.5 Obligations towards Government
2.5.6 Obligation towards Society
2.6 Business Ethics
2.7 Types of Business Ethics
2.7.1 Personal Responsibility
2.7.2 Representative or Official Responsibility
2.7.3 Personal Loyalties
2.8 Global and Comparative Management and the Basis of Global Management
Sir
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Here we are trying to gather more inputs into the subject. That’s why proposed this
change. Since CSR is moving into the most required research and implementation. So the
addition is there for your consideration.