This updated edition of the well-known text gives a concise account of the principles and practices of management in the context of ongoing globalization of businesses. It takes the "systems" approach to management and integrates the five management functions of planning, organizing, staffing, leading, and controlling. FEATURE HIGHLIGHTS; In-text examples and end-of-chapter cases giving real life perspective; 'International Perspective' boxes illustrating managerial concepts; End of chapter 'Exercise / Action Steps' and 'Internet Research'; facilitating greater involvement of studentsIN THIS EDITIONo The rise of India as a global playero The "greening" of General Motorso Corporate strategy of Tata group under Ratan Tata. Human resource management at Infosyso GE's contribution to India's outsourcing boom . . . and many more!