SUBJECT:- GENERAL MANAGEMENT

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INDIAN SCHOOL OF BUSINESS

MANAGEMENT & ADMINISTRATION

AN ISO 9001 : 2008 CERTIFIED INSTITUTION

SUBJECT:- GENERAL MANAGEMENT

MARKS :80

Course :  BMS (Bachelors In Management Studies)

Name :

Answer the question in one line.

Q1. Define management. What are the characteristics of management? (10 marks)

Answer:Management is the act of engaging with an organization's human talent and using the physical resources at a manager's disposal to accomplish desired goals and objectives efficiently and effectively. Management comprises planning, organizing, staffing, leading, directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal.

One of the most important duties for a

Q2. Is management an art, science and profession (10 marks)

Answer:Management in business and organizations is the function that coordinates the efforts of people to accomplish goals and objectives using available resources efficiently and effectively.  Management includes planning, organizing, staffing, leading or directing, and controlling an organization to accomplish the goal. Resourcing encompasses the deployment and manipulation of human resources, financial resources, technological resources, and natural resources. Management is also an academic discipline, a social science whose objective is to study social organization.

Q3. What are the steps in decision making? (10 marks)

Answer:Small business owners and managers make decisions on a daily basis, addressing everything from day-to-day operational issues to long-range strategic planning. The decision-making process of a manager can be broken down into six distinct steps. Although each step can be examined at length, managers often run through all of the steps quickly when making decisions. Understanding the process of managerial decision-making can

Q4. Define organization Explain the classical theory of organization (10 marks)

Answer:Basically, an organization in its simplest form (and not necessarily a legal entity, e.g., corporation or LLC) is a person or group of people intentionally organized to accomplish an overall, common goal or set of goals. Business organizations can range in size from one person to tens of thousands.

There are several important aspects to consider about the goal of the business organization. These features are explicit (deliberate and recognized) or implicit (operating unrecognized, "behind the scenes"). Ideally, these features are carefully considered and established, usually during the strategic planning process. (Later, we'll consider dimensions and concepts that are common to organizations.)

Q5. Explain neo classical theory. (10 marks)

Answer:Neoclassical economic theory (which is also associated with neoliberal political policies) is grounded in the rejection of the Marxian notion of exploitation and the promotion of the idea that the distribution of social resources produced by market exchanges is innately fair and just (when it is allowed to work "without friction.") Although neoclassical theory dominates the economics discipline it is actually a psychological theory: at the core of the theory is a specific reductionist theory of human decision making and rationality that is then applied to economic (and other) phenomena. All human decision making is

Q6. Explain modern theory of organization (10 marks)

Answer:Modern organizational behavior has become complex. It synthesizes the classical and neoclassical theories of organization, while incorporating technological development.  Modern theories of organization are classified into quantitative theory, system theory and contingency theory.

1. Quantitative Theory: The quantitative theory includes operation research and quantification of the problem.  It analyses the problems from

Q7. What are the prerequisites for effective Human resource planning? (10 marks)

Answer:If you are a decision maker in any sector of the printing or graphic communication industry, you are probably already aware that human resources planning is an essential activity in every successful business.     HR planning is a process that helps you prepare for and think through the best allocation of resources to effectively manage people in your organization and meet your business objectives. It also helps you anticipate changes - such as the introduction of a new technology or the sudden resignation of a key employee - and

Q8. How to forecast human resource demand? (10 marks)

Answer:Forecasting human resource demand is the process of estimating the future human resource requirement of right quality and right number. As discussed earlier, potential human resource requirement is to be estimated keeping in view the organisation's plans over a given period of time. Analysis of employment trends;

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