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FALL
2016
Program
MBA
Semester
1
Subject
code & name
MBA101–
Management Process and Organisational Behaviour
Book ID
B1621
Q1.
Define the terms ‘strategy’. Explain the following:
a)
Corporate strategy
b)
Business strategy
c)
Functional strategy
(Definition
of Strategy, Explanation of Corporate strategy, Explanation of Business
strategy, Explanation of Functional strategy) 1, 3, 3, 3
Answer:
Strategy
"The art and science of planning and marshalling resources for their most efficient and effective use. The term is derived from the Greek
word for generalship or leading an army. See also tactics."
Strategy means the grand
Q2.
Define the term ‘management’. Explain the Behavioural science theory and
Systems theory.
(Definition
of management, Explanation of Behavioural science theory, Explanation of
systems theory) 2, 4, 4
Answer: Definition
From the case and the introduction, we can realise that management has
been happening right through the history of man and it is all about making
things smooth or shall we say efficient. It is also about achieving our goals
which in modern management literature we call ‘effectiveness’. According to
Harold Koontz, “Management is an art of getting things done through and with
people in formally organised groups. It is an art of
Q3. Give
the definition and importance of planning in an organisation and explain the
Portfolio Matrix or BCG Matrix.
(Definition
of planning, Explanation of the importance of planning, Portfolio Matrix or BCG
Matrix) 2, 3, 5
Answer: Definition
of planning
Planning can be
defined as a basic management function which enables one to select the purpose
of the business, and how the resources should be mustered to achieve that
purpose to include using the available resources optimally to do that. Planning
implies goal setting for the organisation keeping in mind the constraints,
opportunities, and threats as much as what the person or business which is
planning wants to do.
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