Management Theory & Practice

 

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Management Theory & Practice

September 2021 Examination

 

1. You are hired as a trainer by Rustica Metallics, a newly setup organization dealing in manufacturing of metallic parts for automobiles especially electric cars. The CEO wants you to train the newly recruited management trainees about the Principles of Management. Explain the principles of management to these newly recruited employees by taking the help of Henri Fayol's 14 Principles of Management? (10 Marks)

Ans 1.

Introduction

Leadership, decision making, planning, motivation, leading, human resources, and controlling are all part of the management process in any company setting. In a similar vein, corporations may easily preserve their numerous resources, including information, physical assets, financial assets, and other business components, with the help of effective management practices. Furthermore, the

 

 

2. You are part of a forum and research group where they are having a major discussion and research on management. The core area of this discussion is whether management is an Art or a Science. As the chairman of the forum, can you throw some light on whether management is an art or a science or both and why? (10 Marks)

Ans 2.

Introduction

Management, in my opinion, is a blend of science and art since it handles the entire corporate system by incorporating human people into the process. Furthermore, it is not a single word since some factors must be considered in management, including business operation, regulation, rules of procedures, the entire organization, and various other business activities. Furthermore, the role of management varies depending on the profession in which the employees find

 

 

3.  SpiceJet, a famous no-frill airline in India, is losing its market share to its peers. The primary reasons contributing to the same is that there is a lot of conflict in the organization due to which it is correct and timely decisions are not being taken. The company has hired you as a consultant to understand and solve this issue

a. Explain the different types of Conflicts that can arise in an organization?   (5 Marks)

Ans 3a.

Introduction

SpiceJet has been the focus of recent news coverage since its business is suffering due to the Covid-19 crisis. As is the case with the airline business, the services provided by this industry are in danger, and there is ongoing disagreement or disagreement on this topic, which is covered extensively in the news. There are several sorts of conflict in a similar vein, including the dispute

 

 

b. Explain what strategies can be used by SpiceJet to resolve these conflicts?  (5 Marks)

Ans 3b.

Introduction

Advertising strategies and programs are used by consultants and managers in the aviation industry to help their companies expand their operations. In a similar vein, SpiceJet has experienced significant business difficulties in the recent past due to inadequate or ineffective techniques in its operations. As a result, airline consultants established social media programs

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