Master of Business Administration-MBA Semester 1
MB0038 – Administration Process and Organization Behavior
4 Credit Assignment Set- 1 (60 Marks)
Be aware: Each question carries twelve Marks. Response all the questions.
Queen. 1Define the terms ‘strategy'. Explain the subsequent: a) Corporate and business strategy
b) Organization strategy
c) Functional strategy
Ans-: strategy- a plan of action designed to achieve a long-term or overall goal a) Business strategy involves answering the question coming from a portfolio perspective: " What business should we all be in? " Strategic management involves the formula and rendering of the key goals and initiatives used by a company's top management on behalf of owners, based on consideration of resources and a great assessment with the internal and external conditions in which the corporation competes. Strategic management supplies overall direction to the business and involves specifying the organisation's objectives, developing policies and programs designed to obtain these targets, and then allocating resources to implement the plans. Academics and exercising managers allow us numerous models and frameworks to assist in strategic making decisions in the framework of complicated environments and competitive aspect. Strategic management is definitely not stationary in nature; the versions often incorporate a feedback loop to keep an eye on execution and inform the next round of planning. b) Business approach involves giving an answer to the question: " How shall we be competitive in this business? " A business strategy is the means by which in turn it sets out to achieve their desired ends (objectives). It can simply be identified as a long-termbusiness planning. Typically a business strategy will cover a period of around 3-5 years (sometimes also longer) c) selection of decision rules in each functional place. Thus, functional strategies in a organization, a few (e. g., marketing strategy, financial approach, etc . ). It is desirable that they have been fixed on paper. In particular, useful strategies happen to be as follows: Creation strategy( " make or buy" ) - specifies what the business produces on its own, and that buys from suppliers or lovers, that is, what lengths worked out the availability chain. Economical Strategy- to choose the main way to obtain funding: the development of their own funds (depreciation, earnings, the issue of stocks, etc . ) or through debt financing (bank loans, bonds, item suppliers' credits, etc . ). Organizational strategy- decision on the organization of the staff (choose the type of organizational structure, reimbursement system, etc . ). Might be allocated and other functional strategies, for example , the strategy for research and trial and error development (R & D), investment approach, etc .
Q. 2 Determine the term ‘management'. Explain the Behavioural research theory and Systems theory.
Ans-: Management- Management's primary function is to get individuals to work together pertaining to the achievement of an company goals and objectives.
Explanation of Behavioural science theory- The behavioral managing theory is often called a persons relations movement because it tackles the human dimension of work. Behavioral theorists assumed that a better understanding of individual behavior at work, such as motivation, conflict, objectives, and group dynamics, superior productivity. The theorists who have contributed to this kind of school seen employees while individuals, resources, and assets to be designed and worked with — less machines, such as the past. Several individuals and experiments written for this theory. Systems Theory is based after the discursive division of nature into environment and devices. This department constitutes the main foundational, axiomatic philosophical supposition of Systems Theory. On the one hand there is a great infinitely complicated ‘environment', and the other hand there are self-replicating systems. Systems are involved in processing data. Systems as well model environmental surroundings, and can act in response adaptively to...