It is a matter of immense pleasure for us to bring the first edition of this book entitled, "Management Principles and Applications". The contents of the book have been specially structured and written for B.Com. (Honours), Semester III students of University of Delhi. The syllabus and guidelines issued by University od Delhi have been kept at the focus while writing this book. Consistent and constant endeavour has benn made to make the book helpful and interesting for overage of the topics vital for the course. The main objective of the book has been to equip the students with fundamental comprehension of the concepts and their applications in management.

The structure of the textual matter of the book has been segmented into five broad units with further chapter divisions under each unit.

The main highlights of this book are as follows :
- Each chapter beings with a brief synopsis stating the overall coverage of that chapter along with learning objectives for the students.
- While writing the book, an attempt has been made to keep language simple and easy to understand.
- Relevant and sdequate information regarding theoretical matter, examples of applying management concepts and techniques and illustrations in Indian context have been included to facilitate the process of understanding and learning.
- Diagrammatic presentations, wherever possible, has been used to simply and substantiate the text.
- Reviewquestions have been provided at the end of each chapter to enable the students for acquainting themselves with the probable examination questions from given chapters.

Contents -

Unit 1 : Introduction
1. Management : Nature and Purpose
2. Evolution of Management Thought
3. Management in Global Scenario
Unit 2 : Planning
4. Nature and Purpose of Planning
5. Strategic Planning and Environmental Analysis
6. Decision-making
Unit 3 : Organising
7. Nature and Purpose of Organising
8. Authority - Responsibility Relationship and Group Formation
9. Delegation and Decentralisation
Unit 4 : Staffing and Directing
10. Concept of Staffing and Direction
11. Motivation
12. Leadership
13. Communication
Unit 5 : Control
14. Concept and Process of Controlling
15. Techniques of Controlling