BA240 MGT420 – PRINCIPLES AND PRACTICE OF MANAGEMENT

BA240 – BACHELOR OF BUSINESS ADMINISTRATION (HONS.) MARKETING

ASSIGNMENT 2 – INDIVIDUAL REFLECTION:

MGT420 – PRINCIPLES AND PRACTICE OF MANAGEMENT

(INDIVIDUAL ASSIGNMENT)

PREPARED FOR:
DR. DILLA SYAFIA BINTI ABDUL LATIFF

PREPARED BY : FARANABILLA BINTI MOHAMED YUSOFF

STUDENT ID : 2023532257

CLASS : NBM1A
 MGT420 – PRINCIPLES AND PRACTICE OF MANAGEMENT

TABLE OF CONTENTS

NO. CONTENT PAGE

1. Introduction 3

2. Individual Reflection: 4–8

 What you have learned?
 What are the takeaway?
 What are the skills acquired from this subject?
 Will you be using this skill in future?
 What are the benefits that you acquired
from this subject?
 What do you like best about this subject?
 Any suggestion for improvement for this
subject?

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 MGT420 – PRINCIPLES AND PRACTICE OF MANAGEMENT

INTRODUCTION

Management is an essential component of modern organisations, playing a

critical role in ensuring their success and sustainability. At its foundation,
management is the art and science of planning, organising, leading, and regulating
resources in order to achieve organisational goals efficiently and effectively.
Individuals and organisations must embrace management ideas and practises to
traverse the challenges of today's dynamic and competitive business landscape.

The subject of Principles and Practice of Management offers a complete

framework for learning and applying the fundamental ideas, theories, and practises
involved in managing people, resources, and processes. Strategic planning,
organisational behaviour, leadership, decision-making, human resource
management, and other themes are covered. Individuals who study this course
develop an understanding of the key duties and responsibilities of managers at
various levels within an organisation.

One of the course's primary goals is to provide students, aspiring managers,

and professionals with the knowledge and skills they need to effectively lead and
supervise teams, drive organisational performance, and adapt to a rapidly
changing business environment. This topic encourages critical thinking, problem-
solving abilities, and a holistic grasp of management principles through a
combination of theoretical concepts, case studies, and practical applications.

Furthermore, studying management concepts can help people appreciate

the complexities of organisational structures, cultures, and processes. It delves into
the mechanics of workplace human behaviour, covering subjects such as
motivation, communication, teamwork, and conflict resolution. Individuals can
improve their interpersonal skills, boost employee engagement, and promote a
healthy work environment by understanding these concepts.

The investigation of strategic management, which includes the creation,

implementation, and evaluation of strategies to accomplish long-term
organisational objectives, is another critical component of the Principles and
Practice of Management. This subject teaches students how to analyse external and
internal environments, assess industry trends, and build strategies that correspond
with the vision and goals of their organisation. Managers can make informed
decisions, allocate resources efficiently, and react to new possibilities and
challenges through strategic management.

To summarise, studying Principles and Practice of Management is critical for

anyone seeking to become great managers and leaders. It offers a thorough
understanding of management principles, ideas, and strategies required to handle
the challenges of today's business landscape. Individuals who master this subject
can improve their managerial abilities, contribute to organisational success, and
promote long-term growth.

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 MGT420 – PRINCIPLES AND PRACTICE OF MANAGEMENT

INDIVIDUAL REFLECTION

What I have learned about the subject Principles and Practice of

Management this semester is a wide range of concepts, principles, and abilities that
are needed for effective management. Here are some significant areas that I have
investigated and learned about; Understanding of Management Principles,
Knowledge of Management Functions, Skill Development, Ability to Analyse and
Solve Problems, and Leadership Skills.

I gain a solid foundation in management ideas, theories, and practises by

studying Principles and Practice of Management subject. I obtain the information
and abilities required to successfully lead and manage individuals, teams, and
organisations.

Students can learn a lot from the Principles and Practice of Management
subject. Here are some significant findings from my studies in this subject;

 Understanding of Management Principles: Students will obtain a thorough

grasp of the essential ideas that support effective management. They will
discover how to use these principles in a variety of managerial contexts and
challenges.
 Knowledge of Management Functions: Students will get an understanding of
the four fundamental functions of management: planning, organising,
leading, and controlling. They will comprehend how these functions interact
to attain organisational objectives.
 Skill Development: Students will learn a variety of abilities necessary for
effective management, such as strategic thinking, decision-making, problem-
solving, communication, leadership, and teamwork.
 Ability to Analyse and Solve Problems: Students will gain critical thinking
abilities as well as how to analyse complicated problems in a managerial
setting. They will learn how to analyse alternative ideas and make sound
conclusions.
 Leadership Skills: Students will obtain an understanding of various leadership
styles, qualities, and philosophies. They will discover the characteristics and
behaviours of a successful leader, as well as how to encourage and inspire
individuals and teams.

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 MGT420 – PRINCIPLES AND PRACTICE OF MANAGEMENT

Because my profession entails business, I believe what I have learnt in this

subject is highly significant and will be useful in my job and in the future. Among the
possibilities are;

 Leadership: The skills I've learned in leadership will allow me to effectively

advise and inspire individuals and teams. I will be able to create a clear
vision, motivate others, and foster a pleasant and productive work
environment whether I am heading a small team or an entire organisation.
 Decision-Making: The capacity to make educated decisions will be critical in
my future endeavours. I will be able to make sound judgements that match
with organisational aims and objectives by analysing information, assessing
options, and considering potential outcomes.
 Strategic Thinking: Understanding strategic management will enable me to
think critically and strategically about the future of organisations. I'll be able to
analyse the external business environment, identify opportunities and
challenges, and create plans that capitalise on the organization's strengths
and resources.
 Communication: Effective communication is essential in any managerial
function. My communication abilities will allow me to communicate ideas,
give clear directions, and promote open and transparent communication
channels throughout the organisation. I'll be able to establish excellent
relationships with customers and ensure that information flows smoothly
throughout the organisation.
 Team Management: My understanding of organisational behaviour and
human resource management will enable me to manage teams and
individuals successfully. I will be able to comprehend team dynamics,
motivate and engage people, handle issues, and encourage collaboration
and cooperation.

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 MGT420 – PRINCIPLES AND PRACTICE OF MANAGEMENT

The course Principles and Practice of Management has offered me with

countless benefits that I may employ in various facets of my career and personal life.
Here are some of the main advantages I've gained;

 Enhanced Leadership Skills: By learning management principles, I have built a

solid foundation in leadership. I've learned about various leadership styles,
effective communication tactics, and motivating and inspiring teams. These
abilities will help me to confidently accept leadership roles and effectively
guide individuals and teams towards common goals.
 Improved Decision-Making Skills: The subject has provided me with analytical
tools and decision-making frameworks. I've learnt to examine prospective
outcomes, evaluate alternatives, and consider risks. This improved decision-
making capacity will allow me to make educated decisions that benefit
organisations and help me manage complex circumstances efficiently.
 Strategic Thinking and Planning: I have a thorough understanding of strategic
management ideas, allowing me to think critically about organisations' long-
term goals and direction. I can assess internal capabilities, analyse the
external business environment, and build strategic plans that correspond with
the organization's vision. This expertise will enable me to contribute to an
organization's growth and success by finding and capitalising on strategic
opportunities.
 Strong Interpersonal Skills: Understanding organisational behaviour and
human resource management has given me insights into how people interact
in organisations. I've learnt about employee engagement, motivation,
teamwork, and conflict resolution. These abilities will enable me to establish
positive relationships, manage teams successfully, and create a supportive
work environment.
 Professional Development and Adaptability: Learning management principles
has helped me develop a growth attitude and adaptability. I've honed my
ability to constantly learn, stay current on emerging trends, and adjust my
management practises to match changing organisational needs. This
approach will assist me in remaining relevant and flourishing in dynamic and
competitive business situations.

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 MGT420 – PRINCIPLES AND PRACTICE OF MANAGEMENT

The subject Principles and Practice of Management has several valuable

characteristics that make it an extraordinary field of study. Here are some of the best
aspects of this topic;

 Practical Relevance: One of the most significant benefits of learning

Management Principles and Practise is its practical relevance. The subject
offers real-world insights and practical techniques that may be used directly
to a variety of managing scenarios and issues. Students can gain skills and
knowledge that will be instantly useful in their future professions as managers
and leaders.
 Comprehensive Understanding of Management: Management concepts,
Theories, and procedures: The course provides a thorough understanding of
management concepts, theories, and procedures. Strategic planning,
organisational behaviour, leadership, decision-making, human resource
management, and other themes are covered. This comprehensive approach
provides students with a comprehensive understanding of management as a
discipline.
 Flexibility and Versatility: The principles and practises taught in this course can
be utilised in a variety of industries, sectors, and organisational sizes.
Individuals may adapt and flourish in a variety of professional situations
because management concepts and skills are transferrable. The principles
and practises remain valuable and relevant whether one works in business,
healthcare, non-profit organisations, or government.
 Cultivation of Leadership Skills: Leadership is an important component of
management, and the topic gives students opportunity to develop and
improve their leadership skills. Students learn about various leadership styles,
attributes, and theories, allowing them to develop successful leadership skills.
These abilities can be used not just in professional contexts, but also in
everyday life, promoting personal growth and development.
 Emphasis on Critical Thinking and Problem-Solving: The subject encourages
and fosters critical thinking and problem-solving skills. Students learn how to
analyse difficult problems, weigh different options, and make sound
conclusions. This emphasis on critical thinking prepares students to approach
obstacles with a strategic mentality, resulting in creative and effective
problem-solving solutions.

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 MGT420 – PRINCIPLES AND PRACTICE OF MANAGEMENT

The Principles and Practise of Management subject is already a rich and

extensive field of study. However, there are a few areas where adjustments could
improve the learning experience and better prepare students for the ever-changing
corporate sector. Here's an idea for improvement;

 Embrace Technology and Digital Transformation: In today's digital world, it is

critical to incorporate the impact of technology and digital transformation
into the Principles and Practise of Management curriculum. Students can gain
a better grasp of how technology influences management practises by
incorporating themes such as digital strategy, data analytics, new
technologies, and cybersecurity. This inclusion will better prepare students to
tackle the difficulties and possibilities that the digital revolution presents.
 Foster Experiential Learning Opportunities: While theoretical knowledge is
important, including additional experiential learning chances can
considerably improve the topic. Students can apply management principles
and practises in real-world scenarios by providing them with hands-on
experiences such as simulations, case studies, internships, or consulting
assignments. These experiences encourage critical thinking, problem-solving
abilities, and concept application, preparing students for the intricacies of
managerial responsibilities.
 Encourage Collaboration and Teamwork: Collaboration and teamwork are
frequently required for effective management. More group projects, team
exercises, and opportunities for students to collaborate to tackle complicated
problems can be included in the curriculum. This collaborative method
develops students' interpersonal skills, cooperation abilities, and cross-
functional collaboration, preparing them for the collaborative nature of
managerial responsibilities.

By implementing these suggestions, the Principles and Practise of

Management subject can continue to evolve to meet the changing needs of the
business world, ensuring that students have the knowledge, skills, and mind-set
required to excel as managers and leaders in a variety of organisational contexts.