ICFAI

The Principles of Scientific Management

Scientific management, also known as Taylorism, is a management approach developed by Frederick Winslow Taylor in the early 20th century. It aimed to improve efficiency and productivity in industrial settings by applying scientific methods to work processes. Taylor’s ideas had a significant impact on the field of management and laid the foundation for modern management …

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ORGANIZATIONAL BEHAVIOUR – Question and answer 6

Critically discuss the equity theory of motivation. The equity theory of motivation, proposed by J. Stacy Adams, is a psychological theory that focuses on how individuals perceive fairness and equity in their work environment. It suggests that individuals are motivated when they perceive that their outcomes (rewards, benefits) are equitable in relation to their inputs …

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ORGANIZATIONAL BEHAVIOUR – Question and answer 5

Comparatively discuss the theories of motivation of Maslow and Herzberg. Maslow’s Hierarchy of Needs and Herzberg’s Two-Factor Theory are two influential theories of motivation that provide insights into understanding employee motivation and satisfaction in the workplace. While there are similarities between the two theories, there are also key differences in their perspectives. Let’s discuss and …

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ORGANIZATIONAL BEHAVIOUR – Question and answer 4

Discuss the role of organizational commitment to facilitate the expression of organizational citizenship behaviour (OCB) as an extra role behaviour. Organizational commitment plays a significant role in facilitating the expression of organizational citizenship behavior (OCB), which refers to discretionary behaviors that go beyond an employee’s formal job description and contribute positively to the organization. When …

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ORGANIZATIONAL BEHAVIOUR – Question and answer 3

QUESTION: Discuss the role of job satisfaction in improving employee output. ANSWER: Job satisfaction plays a crucial role in improving employee output and overall organizational performance. When employees are satisfied with their jobs, they tend to be more engaged, motivated, and productive. Here are some key ways in which job satisfaction positively impacts employee output: …

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Business Law – Question and Answers

Explain what is Free Consent and the instances under which Free Consent in an agreement would be affected. Please provide examples for each of such instance. ANSWER Free consent is a fundamental principle in contract law, indicating that parties involved in an agreement must willingly and voluntarily enter into the contract without any external pressures …

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Cloud Computing

Case study & questions answers for MBA | MMS | MHA & Other professional courses. COMPT_PREP is an Educational Institute which helps the aspirants to prepare for Engineering and Medical Exams. They have around 20 branches across the country. The aspirant’s base is exploding on a Year-on-Year basis. Suggest a Cloud Solution strategy to help …

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ERP – Enterprise Resource Planning

What is an ERP? ANSWER: ERP stands for Enterprise Resource Planning. It refers to a software system that integrates various business functions and processes within an organization into a centralized system. The primary goal of ERP is to streamline and automate business operations, improve efficiency, and provide real-time data for informed decision-making. An ERP system …

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International Business | Question & answers

FIND THE SPREAD IF BID AND ASK RATE FOR RUPEE VS DOLLAR IS 81.983 /81.987 AND AN IMPORTER PURCHASED 48000 USD. SOLUTION: The bid-ask rate for Rs vs Dollar is 81.983/81.987. To calculate the spread, we subtract the bid rate from the ask rate: Spread = Ask Rate – Bid Rate Spread = 81.987 – …

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