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National Institute of Business Management

Chennai - 020

FOURTH SEMESTER MBA

Subject : Perspective Management

 

Attend any 4 questions.  Each question carries 25 marks

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

 

Question1 .Management is an art of knowing what you want to do and then observing that they do it in the best and cheapest way to secure maximum results with the minimum of efforts with a view to secure maximum prosperity and happiness for both employer and employee and give the best possible service to the society. Explain.

 

Answer: management is not merely the task of managing the business. But it is an essential accompaniment of all social organizations and is to be found everywhere as a distinct and dominant activity.

 

In other words, management functions have universal application. While describing the pivotal role of management in the social history, Drucker rightly remarked that Management which is the organ of society specially charged with making resources productive that is with the responsibility for organized economic advance, therefore reflects the basic spirit of the modern age.

 

 

Question2.What are the levels of Management? Explain.

 

Answer: Top-level Management: Top-level Management consists of the senior-most executives and decision-makers in an organization. Every member of the top Management is responsible for the direction and growth of the company. Sound top-level management in a company basically defines the success and future of a company.

All the C-level executives and some other designations fall under this category. To name a few, some of the top-level designations are –

 

 

Question3.Describe an analytical framework for organizations based on systems thinking.

Answer: Analytical frameworks are designed to structure an analyst’s thinking, and to help logical thinking in a systematic manner. In short, analytical frameworks are models that aim to guide and facilitate sense making and understanding. An analytical framework is often presented visually.

Frameworks within the humanitarian sector often need to be both needs and risk based, meaning they allow for a model to be build that looks at the current and future humanitarian developments. A good framework

 

 

 

Question4.Explain the changing role of supervisors in management of an organization.

 

Question5.Explain the importance of innovation in the growth and development of an economy.

Answer: Innovation, as a concept, refers to the process that an individual or organization undertakes to conceptualize brand new products, processes, and ideas, or to approach existing products, processes, and ideas in new ways.

 

In the world of business, there are many different types of innovation that a company might pursue. These are often tied directly to

 

Question6.Describe the changing role of supervisors. 

 

25 x 4=100 marks

 

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