Institute of Business Management Chennai - 020 FIRST SEMESTER EMBA/ MBA Subject : Principles and Practices of Management Attend any 4 questions. Each question carries 25 marks (Each answer should be of minimum 2 pages / of 300 words) 1. What are the fundamentals of staffing and manpower? Explain the different methods of selection recruitment‚ training and development. 2. Explain the nature and functions of Directing. Direction is a continuous function and therefore management must supervise and
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Four Principles of Management Jacqueline Garcia University of Phoenix November 10‚ 2007 Many Fortune 500 companies have management training programs. A company must always have the competitive edge over its competitors. These companies must invest in creating curriculums to help the mangers create motivation in the employees as well as attain the goals set forth by the corporation. According to the Random House Unabridged Dictionary‚ management is "the act or manner of managing: handling
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Page 1 of 7 Principles of Management and Leadership OMP304 Applied Summary Paper When I was in junior high and high school‚ I worked at a local retail store. During the school year‚ I worked at the store every day after school and on Saturdays. During the summer I would work every day (except Sundays). This job was very essential to my growth as a person. The owner of the store was a very effective manager and leader. The manager role involves many different functions‚ but it can all be summed
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Principles of Management in Aviation Essay Assignment The Macquarie dictionary defines ‘advantage’ as: “any state‚ circumstance‚ opportunity‚ or means specially favorable to success‚ interest‚ or any desired end”‚ and also defines ‘competition’: “the rivalry between two or more business enterprises to secure the patronage of prospective buyers.” (Macquarie‚ 2011) From these definitions‚ one can infer that a company’s competitive advantages are means of setting itself apart from
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PRINCIPLES AND PRACTICES OF MANAGEMENT Subject Code – B-101 Section A: PART ONE Multiple choice questions with single response: Q1. A | | Q6. C | Q2. B | | Q7. B | Q3. D | | Q8. D | Q4. A | | Q9. A | Q5. A | | Q10. D | PART TWO Short notes type questions: Q1. Differentiate between ‘Administration’ and ‘Management’ The Major differences between the Administration and Management can be summed up as below: * Administration
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What is the Project Management? Project management is the discipline of planning‚ organizing‚ securing‚ managing‚ leading‚ and controlling resources to achieve specific goals. A project is a temporary endeavor with a defined beginning and end (usually time-constrained‚ and often constrained by funding or deliverables)‚ undertaken to meet unique goals and objectives‚ typically to bring about beneficial change or added value. Project management is a composite activity with multiple dimensions.
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in a NOW account with a 5% interest rate and it costs another $3 per year to service the account‚ the cost per year of these deposits is $8. The bank’s profit on the new deposits is then $1 per year (a 1% return on assets). General Principles of Bank Management The decisions made acquisition of A bank’s deposits Losses of decision by a bankthe maintainof assetsat low cost a low about that have to when depositors make funds to amount sufficient shouldassets rate of default demand
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relatively small. It can be used literally (an observed series of actual collisions) or metaphorically (causal linkages within systems such as global finance or politics). Theory X In the theory X‚ management assumes employees are inherently lazy and will avoid work if they can. As a result‚ management believes that workers need to be closely supervised and comprehensive systems of controls to develop. A hierarchical structure is needed with narrow span of control at each and every level. According
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Test Correlation Table Question Types/Level of Difficulty |LEARNING OBJECTIVES | |Easy |Moderate |Difficult | |1. Define managers and management. |TF |3‚ 6 |1‚ 2‚ 4 |5‚ 7 | | |MC |4‚ 5‚ 7‚ 10‚ 12 |1‚ 3‚ 6 |2‚ 8‚ 9‚ 11‚ 13 | |
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Principles of Management Assignment Management vs. Leadership All four managers agreed that there was a difference between managing and leading‚ which means there is no gap. They all defined managing as process‚ procedures‚ task focused and results; compared to leading‚ which was focus on developing people. The positive benefit is it helps implement new processes the within the Contact Centre at MPI because all levels of management have a clear understanding that leading is people development
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