IIMM/AP/1/2006/5150 NAME :- SUNIL KUMAR DHAKA SUBJECT:- PRINCIPLES & PRACTICE OF MANAGEMENT ANSWER:- 1(a) FUNCTIONS OF MANAGERS: All the managers have to perform certain functions in the organization to get the things done by the others. Functions of management are:- a) Planning b) Organising c) Staffing d) Leading e) Controlling f) Coordination (a) Planning: - Planning is an indispensable function of management. It determines the objectives to be achieved and
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Planning Management Principles 1. Planning in Management Planning is deciding in advance what to do and how to do. It is one of the basic managerial functions. Before doing something‚ the manager must formulate an idea of how to work on a particular task. Thus‚ planning is closely connected with creativity and innovation. It involves setting objectives and developing appropriate courses of action to achieve these objectives. 2. Planning Definition "Planning bridges the gap from where we
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World of management 1. Create a 1-2 page summary of what you think are the most relevant aspects of the world of management. If possible‚ differentiate between past‚ present and future. 2. Tactics vs. strategy: Reflect on the difference/s between tactics and strategy. Provide an example from your own personal or professional experience. 1 page max. 3. What new insight/s does Mintzberg bring in? Do you agree? Or not? Why? (1 page max.) 4. Assess the contribution/s on a 1-2 page summary from
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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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Toyota Trims Production Further Kwame Jarvis Effective Business Communication Dr. DiSiena TABLE OF CONTENTS Executive Summary (Abstract)…………………………………………………………………...3 Introduction………………………………………………………………………………………4 A. Statement of the Problem B. Scope or Limitations C. Procedures Body of Report……………………………………………………………………………………5 A. Background……………………………………………………………………………….5 B. Determinations of Criteria………………………………………………………………...6 C. Discussions of Findings…………………………………………………………………
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First Semester EMBA Subject: Principles and Practices of Management Roll No: EMBA1/MAR13/9011 Exam Registration No. is AG13/N/607 Ques1: Management is what Management does. Justify the statement and explain. Ans: MEANING OF MANAGEMENT ’Management is the executive function that concerns itself with the carrying out of the administrative policies laid down by administration. Management directs the active operations within the enterprise and combines the work of the employees with the
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1. INTRODUCTION Toyota is Japan’s biggest car company and the second largest in the world after General Motors. It produces around eight million vehicles per year‚ about a million fewer than the number produced by General Motors. Toyota markets vehicles in over 160 countries. The company dominates the market in Japan‚ with about 45% of all new cars registered in 2004 being Toyotas. Toyota also has entered in the uropean and North American market . It has significant market shares in several fast-growing
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Case setup (facts offered by interviewer): ❑ Your client is a manufacturer of bicycles ❑ They have been in business for 25 years ❑ They manufacturer and sell three categories of bicycles: ➢ Racing bikes: High end‚ high performance bikes for sophisticated cyclists ➢ Mainstream bikes: Durable‚ but not overly complicated bikes for everyday riders ➢ Children’s bikes: Smaller‚ simpler versions of their mainstream bikes for children ❑ Profits at your client have decreased over the
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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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Management Information Systems: Technology Management Management as defined by Mary Follett is “the art of getting things done through people” A manger is defined as a person who achieves the organization’s goals by motivating others to perform – not by performing himself. Whether management is an art or a science is a very subjective question. But it can be said without doubt that modern management in the environment of technology is becoming more of a science than an art. We define management
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