It is a matter of immense pleasure for us to bring the first edition of this book entitled, “Management Principles and Practices”. The contents of the book have been specially structured and written for B.Com Semester I students of Bangalore North University. The syllabus and guidelines issued by Bangalore North University have been kept at the focus while writing this book Consistent and constant endeavor has been made to make the book helpful and interesting for coverage of the topics vital for the course. The main objective of the book has been to equip the students with fundamental comprehension of the concepts and their applications in management. The structure of the textual matter of the book has been segmented into four broad Modules with further chapter divisions under each Modules.