Principles of Management Science

The aim of the course is to introduce the student to all the basic concepts of management science. Upon completion of the course, the student will have acquired a unified picture of the business, with clearly placed the basic functions, mechanisms and processes that govern it, with the ultimate goal of its effective operation.

Upon successful completion of the course students should be able to:

• demonstrate that they can identify, understand and analyse economic, social, political, political, legal and ethical factors and trends and their impact on business.
• describe the application of traditional and electronic (quantitative and qualitative) techniques/tools and methods/methodologies for identifying and solving problems and making decisions in business.
• evaluate and apply the concepts, theories, techniques and strategies from any relevant discipline in the business world.
• differentiate the specific requirements of separate sectors of the economy and adapt to them patterns and techniques of analysis, planning and decision-making.
• understand the basic functions of the business and their contribution to value creation.
• analyze competitors and formulate strategies to build competitive advantage.
• understand the philosophies and methods used to improve the quality of the effectiveness and efficiency of organisational processes. 
• demonstrate their skills in developing a holistic perspective/approach to the interacting internal and external factors and evaluate the their impact on the business.
• demonstrate their ability to work effectively in teams.

• John R. Schermerhorn Jr, Daniel G. Bachrach (2023). management, 15^th edition, Wiley.
• Robbins, S.P. & Coulter, M.A. (2021). management, 15^th edition, Pearson
• Angelo Kinicki, Brian Williams (2017) Management, 8^th edition, McGraw Hill.

Use of ICT in Teaching: Use of presentation software (power point) in face-to-face lectures, use of asynchronous tele-education (uploading material to the course's open eclass), digital repositories

Use of ICT in communication: use of the open eclass platform (posting announcements, replying to students' messages, etc.) and e-mail.

Students will be assessed through formative and summative assessment.

Formative assessment  be carried out through study and self-assessment questions given to students at the end of each lecture. The formative assessment will not be graded.

The summative assessment will have 2 forms and will be graded.

1. Individual work or Teamwork
2. Written final examination, graded difficulty: Students are required to answer series of questions covering all the material taught in the course. These may include: Multiple choice questions/ Short answer questions/ Development & judgement questions/ Comparative evaluation of elements of theory.

The students' evaluation is accessible to them for explanations regarding their improvement.

Interim evaluations (progress) may be carried out. Their details (examination format, date, time, subject matter, weighting, etc.) will be announced in good time. Intermediate assessments are not exempt from the content of the final examination.

The lecture calendar, weightings, assessment criteria and weightings are made known to students at the beginning of the course. The lecturer has the right to adjust the pace of teaching to accommodate the progress of the class. Students are responsible for monitoring all adjustments to the lecture calendar.