Principles of Management

Management Theory and Practice – Question & Answer

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Q1. Dr. Rohit Mahajan, a promising young researcher, has secured a prestigious research grant. However, claiming the funds requires navigating a complex bureaucratic maze within the university administration. Long forms, unclear procedures, and seemingly endless approvals threaten to delay his crucial project. In light of this case, what principles of bureaucratic managements must Rohit consider? …

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IGNOU Assignment solution

MMPC-001: Management Functions and Organisational Processes (IGNOU Assignment)

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What is the meaning and definition of management and describe its characteristics? How does management differ from administration and discuss the challenges faced by the management? Management is a process of planning, organizing, coordinating, directing, and controlling resources (human, financial, material) to achieve organizational goals efficiently and effectively. It involves making decisions, solving problems, and …

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Principles of Management & Organizational Behaviour

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Basic forms of Business Ownership There are several basic forms of business ownership, each with its own advantages, disadvantages, and legal implications. Here are the most common types: Sole Proprietorship: Sole proprietorship is a business owned and operated by a single individual. The owner has complete control over the business and receives all profits. The …

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Globalization and its impact on Management

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Globalization refers to the increasing interconnectedness, integration, and interdependence of countries and economies around the world. It is a multifaceted phenomenon that encompasses economic, political, technological, social, and cultural aspects. Globalization has been facilitated by advancements in transportation, communication, and information technology, which have significantly reduced barriers to the movement of goods, services, capital, and …

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The Principles of Scientific Management

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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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Workforce Diversity

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Workforce diversity refers to the inclusion and representation of individuals from various backgrounds, demographics, and identities within a particular organization or workplace. It encompasses differences such as race, ethnicity, gender, age, sexual orientation, physical abilities, religion, socioeconomic background, and more. Workforce diversity recognizes that individuals bring unique perspectives, experiences, skills, and talents to the workplace, …

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Hawthorne studies

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The Hawthorne studies were a series of experiments and investigations conducted at the Western Electric Hawthorne Works in Chicago, USA, between 1924 and 1932. These studies, led by a team of researchers from Harvard University, aimed to examine the relationship between workplace conditions and employee productivity. The findings of the Hawthorne studies had a profound …

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Weisbord’s Six Box Model

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NMIMS Assignment June 2023 solution for Management Theory & Practice Q2. Shemaroo entertainment earlier only had a base in Mumbai, India. It has now expanded its wings to other parts of the world too and want to also get into other avenues of filmmaking. They have hired you as a consultant to help them design …

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NMIMS Assignment June 2023 | Solution for Essentials of Management

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Q1. XYZ Ltd has hired you as a consultant in order to devise a strategy to motivate their employees. Can you guide them with monetary and non-monetary Employee Motivating factors? (10 Marks) Employee motivation is something important for any organisation which will enable a company to enhance the performance and retain in the competitive markets. …

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