MBA101– Management Process and Organisational Behaviour

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Assignment

Drive	FALL 2016
Program	MBADS/ MBAFLEX/ MBAHCSN3/ MBAN2/ PGDBAN2
Semester	1
Subject code & name	MBA101– Management Process and Organisational Behaviour
Book ID	B1621
Credit and Max. Marks	4 credits; 60 marks

1 Define the terms ‘strategy’. Explain the following:

a) Corporate strategy

b) Business strategy

c) Functional strategy

Answer:-Definition of Strategy

Strategy means the grand plan and the term is borrowed from the military which distinguished between the grand plan and actual action by calling the former strategy and the latter tactics

Strategy in organisations can be divided into three:

1.       Corporate strategy

2.       Business strategy

3.       Functional strategy

Corporate strategy

Q2 Define the term ‘management’. Explain the Behavioural science theory and Systems theory.

Answer:-Definition of management

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 creating an environment in which people can perform as individuals and can co-operate towards the attainment of group goals”. According to F.W. Taylor, “Management is an art of knowing what to do, when to do, and see that it is done in the best and cheapest way”.

Explanation of Behavioural science theory

The thought was originated by Vilfredo Pareto in 1896, and he researched on organisation and management relationship. Later, Hugo Munsterberg applied psychology to increase industrial production in 1912 and around the same time, Walter Dill Scott applied psychology to advertising, marketing, and personnel in 1910 and 1911. But it was Elton Mayo and F.J

Q3 Give the definition and importance of planning in an organisation and explain the steps in planning.

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. Thus, a plan is a blueprint for goal achievement, a blue print that specifies the necessary resource allocations, schedules, tasks, and other actions to achieve the purpose.

Explanation of the importance of planning

Ø  It helps the management to clarify, focus, and research their businesses or project's development and prospects.

Ø  It provides a considered and logical framework within which a business can develop and pursue business.

Ø  It offers a benchmark against which the actual performance can be measured and reviewed.

Ø  It plays a vital role in helping to avoid mistakes or recognise hidden opportunities.

Ø  In the business context, it guides the development of products, management, finances, and most importantly, markets and competition.

Ø  It helps in forecasting the future and makes the future visible to some extent.

Ø  It bridges between where we are and where we want to go.

List the steps in planning

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