This book is organised in accordance with the traditional functional process approach and written completely in the Indian Scenario. It combines all the concepts and practices of modern management with a balanced coverage of various aspects of the subject. This comprehensive textbook specifically focuses on building a thorough foundation on management studies by sequentially developing the components and basics of management principles and approach, discussing and analysis the key features and methods of modern management practices and finally exposing the students to some essential topics on environment . This book covers the undergraduate and postgraduate syllabus in the stream of commerce and management of all the Indian Universities at the maximum. It is written in simple language and free from technical and uncommon words as far as possible.