MS- 09: MANAGERIAL ECONOMICS ASSIGNMENT Course Code : MS- 09 Course Title : Managerial Economics Assignment Code : 9/TMA/SEM-II/2010 Coverage : All Blocks Attempt All the Questions. “A close relationship between management and economics has led to the development of managerial economics.” Explain this statement. BOOK NO 1 PAGE NO. 7 Managerial Economics consists of the use of economic modes of thought to analyse business situation Spencer and Siegelman have
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define behaviors and traits that certain managers possess. He identified ten different roles‚ separated into three categories. The categories he defined are interpersonal roles‚ information processing roles‚ and decision roles (“ProvenModels - Ten Managerial Roles”). The first set of roles Mintzberg described is interpersonal roles. The first interpersonal role is a figurehead. A figurehead is a symbol of his company and performs social‚ inspirational‚ and ceremonial duties. The next role is a leader
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Q I. Write a note on the managerial roles and skills? [10] Mangerial Roles and Skills Mangerial Roles: To meet the many demands of performing their functions‚ managers assume multiple roles. A role is an organized set of behaviors. Henry Mintzberg (1973) has identified ten Sub roles common to the work of all managers. The ten roles are divided into three groups: interpersonal‚ informational‚ and decisional. According to Henry Mintzberg(1973)‚ managers in an organization‚ in order to be effective
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OL3210--Principles of Managerial Accounting—unit 2 complete There are various ways that financial statement information is presented in this article on Nokia. The first way I see is in the Good News section on page 1 “the bulk of its revenues—more than quadrupled‚ from $2.1 billion in 1993 to $8.7 billion last year (1997)‚” and on say “the recent June quarter surging to $616 million‚ up 76% from the same quarter in 1997” this is an partial example of an horizontal analysis (Stone‚ 1998). A horizontal
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Introduction Managerial Grid Model is a Leadership Grid developed by Jane Mouton and Robert Blake in 1950. Popularly known as both Managerial Grid and Leadership Grid‚ it has two behavioral dimensions; concern for people and concern for production. Concern for People – It is a degree on which a leader considers the interest and need of his team members. Areas of personal development of the member are also taken into consideration. Concern for Production – It is a degree on which a leader emphasizes
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Communication 3300: Business and Professional Presentations MANAGERIAL COMMUNICATION REPORT TO: Mr. Hopton FROM: John Banders SUBJECT: Managerial Report: Constructing Your Professional Business Image DATE: December 13‚ 2007 In today’s politically correct climate we are not supposed to give any credence to the fact that people can be and are routinely discriminated against because of their appearance. Unfortunately‚ in our politically correct world‚ perception is reality. Corporations
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Organisation Structure An organizational structure defines how job tasks are formally divided‚ grouped‚ and coordinated. (Robbins and Judge 2001). Managers need to address six key elements when they design their organization’s structure: work specialization‚ departmentalization‚ chain of command‚ span of control‚ centralization and decentralization‚ and formalization. Work Specialization Describes the degree to which activities in the organization are subdivided into separate jobs. The essence
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timetabled which objectives should have deadlines at which progress towards achieving them will be measured (Arina‚ 2010). Based on the interview‚ he said that there are few advantages on using SMART model and one of them are SMART objectives provide a structure and track ability for implementation. Then‚ if a SMART objective is written properly‚ it gives a very clear vision of what success looks like. However‚ there are few types of planning such as operational‚ tactical‚ strategic and contingency plans
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Matrix management is a technique of managing an organization (or‚ more commonly‚ part of an organization) through a series of dual-reporting relationships instead of a more traditional linear management structure. In contrast to most other organizational structures‚ which arrange managers and employees by function or product‚ matrix management combines functional and product departments in a dual authority system. In its simplest form‚ a matrix configuration may be known as a cross-functional work
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Organizational Structure An organization is a social unit of people‚ systematically structured and managed to meet a need or to pursue collective goals on a continuing basis. All organizations have a management structure that determines relationships between functions and positions‚ and subdivides and delegates roles‚ responsibilities‚ and authority to carry out defined tasks. Therefore‚ in order to better manage the large amount of resources and assets organizations need to be in some sort of
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