Q1. (a) ‘Statistics is the backbone of decision-making’. Comment. Ans.(a) Due to advanced communication network‚ rapid changes in consumer behavior‚ varied expectations of variety of consumers and new market openings‚ modern managers have a difficult task of making quick and appropriate decisions. Therefore‚ there is a need for them to depend more upon quantitative techniques like mathematical models‚ statistics‚ operations research and econometrics. Decision making is a key part of our day-to-day
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ASSIGNMENTS – Set 1 Q.1:- Define project management‚ resource‚ process and project cycle. Explain the life-cycle of a project. Ans:- Project management: It is an art of controlling the cost‚ time‚ manpower‚ hardware and software resources involved in a project. as “the application of knowledge‚ skills‚ tools and techniques to project activities to meet project requirements”. Project management is accomplished through the application of and integration of the project management processes of
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The process of identifying the research problem involves the following steps. Management decision problem. A Management Decision Problem is whereby when a situation arises‚ and management of a company needs to make a decision which requires. It relates with a problem that is faced by the management or decision maker. It asks what the decision maker needs to do. The management decision problem is action oriented. It is concerned with the possible actions the decision maker can take. When the work
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Saudi Steel Pipe Company – 2009 Vision Statement (Actual): “To be a leader in the support industries for the oil and gas sector.” Mission Statement (Actual): “To excel in the manufacturing of the highest quality steel pipes used by the oil and gas industry‚ water distribution‚ and construction industries‚ whilst adopting the latest technology and providing significant employment opportunities and enhancing the future prospects of our employees.” component Mentioned or not 1. Customer
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Table of Contents 1. INTRODUCTION 3 1.1 Purpose of this Document 3 1.2 Scope of the Development Project 3 2. PROJECT PLAN 5 2. 1 Project Organization 5 2.2 Management Structure 5 2.3 Work Breakdown Structure 7 3. GENERAL DESCRIPTION 8 3.1 User Characteristics 8 3.2 Product Perspective 8 3.3 Software & Hardware Infrastructure 9 3.3 System Use Cases 10 3.4 Overview of Functional Requirements 11 3.5 General Constraints‚ Assumptions‚ Dependencies‚ Guidelines
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Module 2 Media Planning & Strategy Chapter 20.1 Media Planning Number of promotional messages from the manufacturer need to be communicated with the prospective customer of the product. Media plan determines the best way to get the advertiser’s message to the market thro’ various media vehicles. In the basic sense‚ the goal of the media plan is to find combination of media that enables the marketer to communicate the message in the most effective manner to the largest # of potential clients
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Q1. List the barriers to effective communication. What are the ways in which an organisation can overcome the barriers to communication? 1. Following are the list of barriers to effective communication:- * Language Barriers – this is one of the most common barriers that can be found. Many communication issues can be occurred because of the language and vocabulary differences. * Cultural Barriers – there are many communication issues comes through cultural differences. Age differences
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Get Answers on www.smuHelp.com ASSIGNMENT Drive Program Semester Subject code & name Book ID Credit and Max. Marks Winter 2013 MBADS/ MBAFLEX/ MBAHCSN3/ MBAN2/ PGDBAN2 1 MB0038: Management Process and Organisational Behaviour B1621 4 credits; 60 marks Note – Answer all questions. Each question is followed by evaluation scheme. Q. No 1 Question and Scheme of Evaluation What do you mean by Span of Control? Differentiate between narrow span of control and wide span of control
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