The objectives of the current version are as follows: to familiarise the learner with the fundamental theories and components of management. to spread understanding about management ideas. to assist students in making the transition from high school to college and thereafter to the workforce, including self-employment. The following are the key components of the current edition: In order to meet the three learning objectives, namely Knowledge, Understanding, and Application, adequate focus has been placed on conceptual clarity, the operation of business processes, and application of fundamental concepts. For the convenience of those new to the management discipline, the entire subject has been presented in straightforward language and a manner that is friendly to students. At the proper locations, appropriate illustrations, tables, and boxes have been provided to make the subject.