Eco 03 Solved
IGNOU B.Com ECO-03 Solved Assignments 2010
ECO-03 : MANAGEMENT THEORY
TUTOR MARKED ASSIGNMENT
Course Code : ECO-03
Course Title : Management Theory
Assignment Code : ECO-03/TMA/2010-11
Coverage : All Blocks
1. a) Long Range Planning concerned with making today’s, decisions with a better sense of futurity.’’ Comment.
Solution : Yes Long Range Planning is concerned with making today’s, decisions with a better sense of futurity as Decisions exist only in the present." The question …is not what we should do tomorrow. It is what do we have to do today to be ready for an uncertain tomorrow? The question is not what will happen in the future. It is: what futurity do we have to factor into our present thinking and doing, what time-spans do we have to consider, and how do we converge them into a simultaneous decision in the present?
We can make decisions only in the present; the rest are pious intentions. And yet we cannot make decisions for the present alone; the most expedient, most opportunist decision – let alone the decision not to decide – may commit us on a long-range basis, if not permanently and irrevocably. So idea of decision making as a “time machine” recognizes that future outcomes are wholly products of the complex interplay of decisions made by people in the present. Also that it is not only those decisions that are 'headlined' as strategic decisions that have potentially strategic implications for the organization.
b) What do you mean by span of control ? Discuss factors affecting span of control. (10+10)
Solution : The span of control means, simply, the number of subordinates or the units of work that an administrator personally direct. "The Span of control is the number of range of direct, habitual communication contacts between the chief executive of an enterprise and his principal fellow-officers". This concept is related to the principle of 'Span of attention’, Span of control is dependent upon span of attention. None of us can attend to more
ECO-03 : MANAGEMENT THEORY
TUTOR MARKED ASSIGNMENT
Course Code : ECO-03
Course Title : Management Theory
Assignment Code : ECO-03/TMA/2010-11
Coverage : All Blocks
1. a) Long Range Planning concerned with making today’s, decisions with a better sense of futurity.’’ Comment.
Solution : Yes Long Range Planning is concerned with making today’s, decisions with a better sense of futurity as Decisions exist only in the present." The question …is not what we should do tomorrow. It is what do we have to do today to be ready for an uncertain tomorrow? The question is not what will happen in the future. It is: what futurity do we have to factor into our present thinking and doing, what time-spans do we have to consider, and how do we converge them into a simultaneous decision in the present?
We can make decisions only in the present; the rest are pious intentions. And yet we cannot make decisions for the present alone; the most expedient, most opportunist decision – let alone the decision not to decide – may commit us on a long-range basis, if not permanently and irrevocably. So idea of decision making as a “time machine” recognizes that future outcomes are wholly products of the complex interplay of decisions made by people in the present. Also that it is not only those decisions that are 'headlined' as strategic decisions that have potentially strategic implications for the organization.
b) What do you mean by span of control ? Discuss factors affecting span of control. (10+10)
Solution : The span of control means, simply, the number of subordinates or the units of work that an administrator personally direct. "The Span of control is the number of range of direct, habitual communication contacts between the chief executive of an enterprise and his principal fellow-officers". This concept is related to the principle of 'Span of attention’, Span of control is dependent upon span of attention. None of us can attend to more