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National
Institute of Business Management
Chennai -
020
EMBA/ MBA
Principles
and Practices of Management (Part -2)
Attend any 4
questions. Each question carries 25 marks
(Each answer
should be of minimum 2 pages / of 300 words)
Q. 1. Management
is a process for the utilization of growth inputs. Explain.
Answer: The concept of management has
acquired special significance in the present competitive and complex business
world. Efficient and purposeful management is absolutely essential for the
survival of a business unit. Management concept is comprehensive and covers all
aspects of business. In simple words, management means utilising available
resources in the best possible manner and also for achieving well defined
objectives. It is a distinct and dynamic process involving use of different
resources for achieving well defined objectives. The resources are: men, money,
materials, machines, methods and markets. These are
Q. 2. Examine
the different dimensions of planning with respect to planning features, its
importance, strategies and policies.
Answer:When we look at businesses
holistically, there are four distinct dimensions that account for every
decision and action.
The
four dimensions are:
Strategy:Whom does your business serve? What are its core
competencies and how will you leverage them? What are your business’s goals for
the year? What is your business’s vision and mission? What offers are you going
to develop this year?
Q. 3. What
are the principles of an organization? Explain its elements, nature, dynamics
and types.
Answer:Principles of organization
1.
Principle of unity of objectives: Organizational goals, departmental goals, and
individual goals must be clearly defined. All goals and objectives must have
uniformity.
2.
Principle of specialization: Sound and
effective organization believes on organization. The term specialization is
related to work and employees. When an employee takes special type of knowledge
and skill in any area, it is known as specialization.
3.
Principle of coordination: In an organization many equipment, tools are used.
Coordination can be obtained by group effort that emphasize on unity of action.
Therefore, coordination facilitates in several management concepts
Q. 4. Write
an essay on Organizational Grouping and Departmentation.
Answer:It is defined as a process of
dividing small units of organizational activities. Departmentation may be
called division sections branch etc. it helps to provide the specialization,
develops the skill and knowledge of manpower and the efficiency of manpower of
an enterprise will be increased. It specifies the area of the activities that
facilitate the managerial task.
Methods
of Departmentation
1.
Departmentation by function: – grouping all similar activities of the business
into department is called functional departmentation. It is the
Q. 5. Explain
the fundamentals of staffing, manpower requirement, recruitment, selection and
training methods.
Answer:
Q. 6. What
are the specific principles of directing that guide the functioning of the
directing authority?
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