1.1 Evolution of Management Thought: Classical to Contemporary Theories - Chartered Institute of Corporate Management & Strategic Planning
MODULE 1: MANAGEMENT FOUNDATIONS
1.1 Evolution of Management Thought: Classical to Contemporary Theories
MODULE 1: MANAGEMENT FOUNDATIONS
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UNIT 1: CMSP-PGD-PPM 701 PRINCIPLES AND PRACTICES OF MANAGEMENT
This module examines the core principles and practices that guide effective management in organizations. Learners will explore the contributions of major management theorists such as Frederick Taylor, Henri Fayol, and Max Weber, as well as management functions, organizational structure, managerial roles, strategic decision-making, and the practical application of management principles in corporate settings.
Learning Outcomes
• Apply demand and supply analysis to corporate pricing decisions.
• Analyze cost and production relationships and their strategic implications.
• Evaluate market structures and their effect on competitive strategy.
• Interpret macroeconomic indicators and business cycle phases for strategic planning purposes.
Learning Outcomes
• Analyze and interpret corporate financial statements using ratio and trend analysis.
• Apply budgeting and budgetary control techniques to corporate planning.
• Evaluate working capital management practices and their strategic significance.
• Use financial and management accounting information to support strategic decision-making.
3.1 Financial Statement Analysis and Interpretation
Learning Outcomes
• Explain the essential elements of a valid contract and their application to commercial transactions.
• Analyze remedies available for breach of contract in a corporate context.
• Evaluate company law principles governing incorporation, directors' duties, and shareholders' rights.
• Assess corporate governance frameworks and the strategic role of the board in organizational oversight.
