Principles and Practices of Management Subject Code – B-101 Section A: Objective Type Q1. A plan is a trap laid to capture the ___________ a) Future Q2. It is the function of employing suitable person for the enterprise: b) Staffing Q3. ______________ means “group of activities & employee into departments”: (d) Departmentation Q4. This theory states that authority is the power that is accepted by others. a) Acceptance theory Q5. It means dispersal of decision making
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http://fp05-527.web.dircon.net/ikea_company_profile.html Profile: ikea IKEA is the world’s most successful mass-market retailer‚ selling Scandinavian-style home furnishings and other house goods in 230 stores in 33 countries and hosting 410 million shoppers per year. An acronym for founder Ingvar Kamprad and his boyhood home of Elmtaryd‚ Agunnaryd‚ IKEA began operating in Sweden in 1943 and continues its original ethos based upon cost obsession fused with design culture. No design‚ no matter
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figure in the turn-of-the-century Classical School of management theory. He saw a manager’s job as: planning organising commanding coordinating activities controlling performance Notice that most of these activities are very task-oriented‚ rather than people-oriented. This is very like Taylor and Scientific Management. Fayol laid down the following principles of organisation (he called them principles of management): 1. Specialisation of labour. Specializing encourages
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THE DEFINITIONS "Operations management (OM) is defined as the design‚ operation‚ and improvement of the systems that create and deliver the firm’s primary products and services. Like marketing and finance‚ OM is a functional field of business with clear line management responsibilities." (Chase‚ Jacobs‚ Aquilano‚ 2006:9) "Operations management is the management of processes or systems that create goods and/or provide services. It encompasses forecasting‚ capacity planning‚ scheduling‚ managing
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Quality Management Principles in Travel Agency By: Ihsan Raharjo - 7085271 Definition of Customers: There are two kinds of customers that can be considered for a travel agency. The first is the public‚ in which this also has several types of customers that have different needs and expectation. The second is corporate customers‚ they have more specific needs which is related to the needs of their business and how the travel agency can support it. Definition of Products: Products that is offered
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safety Needs 3. Social Needs 4. Esteem or ego needs 5. Self – actualization needs. 2. Define Management By Objectives. According to John Humble - Management By Objectives or “MBO is a dynamic system which integrates the company’s need to achieve its goals for profit and growth‚ with the manager’s need to contribute and develop himself.” In other words‚ MBO is a dynamic system of management; it recognizes the need of the manager to achieve and to grow on the job and it integrates the individual
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Read the following case and answer the questions given at the end of the case. LOSING A GOOD MAN Sundar Steel Limited was a medium-sized steel company manufacturing special steels of various types and grades. It employed 5‚000 workers and 450 executives. Under the General Manager operation‚ maintenance‚ and headed by a chief. The Chief of and under him Mukherjee Maintenance Engineer. The total was 500 workers‚ 25 executives‚ (Production)‚ there were services groups‚ each Maintenance was Shukla was
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Principles and Practice of Management Section A Part One 1. a 2. b 3. d 4. a 5. a 6. a 7. b 8. d 9. a 10. d Part Two: 1. Administration and Management:- Administration and Management are generally taken to mean as one and the same and are often used interchangeably. Administration can be defined as the universal process of organizing people and resources efficiently so as to direct activities towards common goals and objectives
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paper explores Lowe’s Companies‚ Inc’s management practices and how these practices have impacted the company. The paper starts with a history of the company and a brief overview‚ and then it explores the culture and a SWOT analysis of the company. Then the areas of managerial decision making‚ planning and strategy organizational structure and organization are looked at. The paper finishes with an investigation of the leadership‚ human resource management and diversity amongst the workforce.
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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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