Subject : Principles and Practices of Management

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National Institute of Business Management

Chennai - 020

FIRST SEMESTER EMBA/ MBA

Subject : Principles and Practices of Management

Attend any 4 questions.  Each question carries 25 marks

(Each answer should be of minimum 2 pages / of 300 words)

Ques.1. Management, always important in all spheres of economic activity, has never been of such critical significance as today, as it plays a significant role in all sphere of economic activity. Explain.

Answer : Management acts as a guide to a group of people working in the organization and coordinating their efforts, towards the attainment of the common objective.

In other words, it is concerned with optimally using 5M’s, i.e. men, machine, material, money and methods and, this is possible only when there proper

Ques.2.Explain the various functions of the management.

Answer : Management in some form or another is an integral part of living and is essential wherever human efforts are to be undertaken to achieve desired objectives. The basic ingredients of management are always at play, whether we manage our lives or business. Management is a set of principles relating to the functions of planning, organizing, directing, and controlling, and the applications of these principles in harnessing physical, financial, human and informational resources efficiently and effectively to achieve

Ques.3.Planning as a fundamental function of management is essential but there are practical limitations to its use. Explain the reasons and difficulties.

Answer :

Ques.4.What is Organizational Dynamics? Explain.

Answer : Organizational dynamics is defined as the process of continuously strengthening resources and enhancing employee performances. It can also be described as how an organization manages and promotes organizational learning, better business practices and strategic management.

The Essential Elements

There are four fundamental business activities that

Ques.5.Discuss the classical principles of good Management.

Answer : Management: - 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 comprises planning, organizing, staffing, leading or directing, and controlling an organization or initiative to accomplish a 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 object of study is

Ques.6.What is grouping explain its significance?

Answer :

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