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NIBM GLOBAL
THIRD SEMESTER MBA
Subject : Business Environment
Attend any 4 questions. Each question carries 25 marks
(Each answer should be of
minimum 2 pages / of 300 words)
Question. 1. Explain
the chief characteristics of Business as a Social System.
Question. 2. Discuss
the main features of communism.
Answer: Communism is an economic system where the
group owns the factors of production. In countries, the government represents
the group. The means of production are labor, entrepreneurship, capital goods,
and natural resources.1 Although the government doesn't legally own the labor
force, the central planners tell the people where they should work. German
philosopher Karl Marx developed the theory of communism.
State
Ownership
The state owns all capital in a
Question. 3. What
are the objectives of Business? Explain.
Answer: Your business objectives are the results you
hope to achieve as you run and grow your business. As an entrepreneur, you are
concerned with every aspect of your business and need to have clear goals in
mind for your company if you are to stay on track. Having a comprehensive list
of business objectives creates the guidelines that become the foundation for
your business planning.
1. Getting and Staying Profitable
Maintaining
profitability means making sure that revenue stays ahead of the costs of doing
business. Focus on controlling costs in both production and operations while
maintaining the profit margin on products sold.
Question. 4.
What are administrative organisation objectives for corporate guidance?
Explain.
Question. 5. Describe
the key factors of Environment.
Answer: If a business wants to be successful in the
marketplace, it is necessary for them to fully understand what factors exert
impact on the development of their company. Once they know about both positive
and negative effects within and outside the company, they can produce suitable
strategies to handle any predicted situation. Therefore, examining internal and
external factors is considered the most important task for an enterprise before
launch any strategic marketing plan.
The Importance of Business Environment Understanding
Because business
environment inserts its impacts on business success, scale, vision, and
development strategy, having fully understanding about this issue should be
prioritized by leaders.
Once they know
about both
Question. 6. What
is Management by Objectives (MBO)? Explain.
Answer:
An effective management goes a long way in
extracting the best out of employees and make them work as a single unit
towards a common goal.
The term
Management by Objectives was coined by Peter Drucker in 1954.
What is Management by Objective ?
The
process of setting objectives in the organization to give a sense of direction
to the employees is called as Management by Objectives.
It
refers to the process of setting goals for
25 x 4=100 marks
Dear students, get latest Solved assignments and case
study help by professionals.
Mail us at : help.mbaassignments@gmail.com
Call us at : 08263069601
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