Management in an inter-disciplinary, applied field, which draws heavily on principles, concepts and terminologies form basic disciplines. An understanding of these basic disciplines provides the professional with scientifically valid concepts and principles, a mode of scientific enquiry and an awareness of the consequences of one’s actions. These basic disciplines form the “foundation” of management
There are certain “core” processes within the organization, which require the basic knowledge of how people perform work and use information for decision making and how organizations make choices in the context of the environmental factors.
The knowledge of business functions is necessary for decision making and problem solving. These are called “applied” subjects, which are in turn classified as “functional” and “integrative”. The functional subjects help students to understand the processes at the sub-system level, dealing with the line functions of operations and marketing. Additionally, sub-systems, which provide to line sub-systems, are also covered e.g. Finance, Human Resource, Information Systems.
The integrative subjects help the students to look at all aspects of management processes in the whole organization systems, to enable corporate strategies to be devised.
Forces outside the direct control of the organization, but having an impact on the organization are categorized as Environmental subject. At this level, issues relating to the individual outside the organization are also included.