Management Theory and Practice- NMIMS Latest solved assignments

 

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Management Theory and Practice

April 2021 Examination

Ques 1. ABC Ltd. is facing a huge inventory cost and wastage of resources and would want to take the help of JIT and Lean Manufacturing to solve their issues. Can you guide them on the same?

Ans 1.

Introduction

Lean management is a process of organizing and handling work with a moto to improve the performance of a company the profitability and quality of the production technique of the company. The lean management assists in to upgrade process by lowering operations, which are unnecessary, complications and poor in the basis of quality costs. It has two main goals: employee success and full customer satisfaction.

Lean management depends on principles

 

Ques 2. An entrepreneur wants to set up an organization dealing in manufacturing of toys and has hired you as a consultant. Can you please guide him about the functions of Management?

Ans 2.

Introduction

Management is defined as an economically and efficient preparation and regulation phase of a company's operation for certain purposes. A complex mechanism involves different elements and activities. These practices vary from organizational tasks such as marketing, financing, purchasing, etc. Instead, they are common to any kitchen regardless of its degree and status. Various scholars have categorized

 

Ques 3. XYZ Ltd. is facing a lot of internal conflicts of late. One of the main reasons attributed to the same is cultural differences

a. Can you explain the different types of conflicts that arise in organizations due to cultural differences?

Ans 3a.

Introduction

Conflicts in workplaces are defined as a dispute or mistake, arising from real or assumed disagreements between the members of the group in their needs, values, resources, and relationships. When two or more individuals meet on the job, disagreement happens when views regarding each task or decision vary.

 

3b. Can you also suggest some important techniques of Conflict resolution

Ans 3b.

Introduction

If disputes are not resolved, efficiency and coordination may be detrimental. The use of organizational dispute mediation techniques helps create a safe work climate. Conflict resolution requires expertise in teamwork, problem management, and decision-making. Conflict handling in a variety of different styles may be tackled. Each approach uses the same management skills, but these types can vary.

Concept and Analysis

Listen, Then Speak Out

Believe it or not, only the first most significant step in settling a dispute is responding to an employee's concern. Both the parties

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