Dear students, get latest JNU MBA Solved assignments by professionals.
Mail us at: help.mbaassignments@gmail.com
Call us at: 08263069601
JAIPUR NATIONAL UNIVERSITY, JAIPUR
School of Distance Education & Learning
Internal Assignment No. 1
Bachelor of Business Administration (BBA)-Retailing
Paper Code: BBA 103
Paper Title: Principle of Management
Last date of submission: Max.Marks:30
Note : Question No. 1 is of short answer type and is compulsory for all the students. It carries 1 Mark. (Word limits 50-100)
Question 1. Answer all the questions:
Question1. What do you mean by MBO?
Answer: Management by Objectives (MBO) is a strategic approach to enhance the performance of an organization. It is a process where the goals of the organization are defined and conveyed by the management to the members of the organization with the intention to achieve each objective.
Question2. Name any two techniques of Decision making?
Answer: 1)Financial Analysis:
This decision-making tool is used to estimate the profitability of an investment, to calculate the payback period (the period taken for the cash benefits to account for the original cost of an investment), and to analyze cash inflows and cash outflows.
Investment alternatives can be
Question3. What do you mean by communication?
Answer: The term communication has been derived from the Latin word, ‘communis’, which means common. Literally, communication means, to tell, show, spread the information and inform. The term communication is used to signify the process of transferring ideas or receiving it by any means such as word of mouth, telephone,
Question 4. Define the term coordination?
Answer: Coordination is the function of management which ensures that different departments and groups work in sync. Therefore, there is unity of action among the employees, groups, and departments.It also brings harmony in carrying out the different tasks and activities to achieve the organization’s objectives efficiently.
Question5. What do you mean by formal organization?
Answer : Formal organisation is a well-defined structure of authority and responsibility that defines delegation of authority and relationships amongst the organisational members. It works along pre-defined set of policies, plans, procedures, schedules and programmes. Most of the decisions in formal organisation are based on pre-determined policies.
Formal organisation is “a system of well-defined jobs, each bearing a definite measure of authority, responsibility and
Question6. What do you mean by directing?
Answer: Directing is the process of giving orders and guiding employees to fulfill their assigned jobs.In our daily life, we all see directing processes like a restaurant owner guides his staff or employees to deliver food timely and smoothly, or on the other side, a teacher gives direction to his students to complete their selected assignment. In these examples, we all see that directing is made to achieve the predetermined plans.
Question 7. Explain the term ‘delegation of authority’.
Answer: The Delegation of Authority is an organizational process wherein, the manager divides his work among the subordinates and give them the responsibility to accomplish the respective tasks. Along with the responsibility, he also shares the authority, i.e. the power to take decisions with the subordinates, such that responsibilities can be completed efficiently.
Question8. What do you mean by controlling?
Answer: Control is a primary goal-oriented function of management in an organisation. It is a process of comparing the actual performance with the set standards of the company to ensure that activities are performed according to the plans
Question 9. Define the term “RIICO”.
Answer: Rajasthan State Industrial Development and Investment Corporation, popularly known as RIICO, is a premier agency of Government of Rajasthan that has played an important role in the industrial development of Rajasthan. In 1980 RSIMDC split into RIICO & RSMDC.RIICO is owned by Government of Rajasthan and it is a premium organisation of govt. of Rajasthan. RIICO is mainly engaged in site selection and acquisition of land,
Question 10. What do you mean by grape wine channel of communication?
Answer: Grapevine is an informal channel of business communication. It is called so because it stretches throughout the organization in all directions irrespective of the authority levels. Man as we know is a social animal. Despite existence of formal channels in an organization, the informal channels tend to develop when he interacts with other people in organization. It exists more at lower levels of organizationGrapevine generally
Note: Answer any four quetions. Each question carries 5 marks (Word limits 500)
Question. 1. Discuss the process of planning?
Answer: 1) Setting Objectives:-This is the primary step in the process of planning which specifies the objective of an organisation, i.e. what an organisation wants to achieve.
- The planning process begins with the setting of objectives.
- Objectives are end results which the management wants to achieve by its operations.
- Objectives are
Question 2.Discuss the various remedies for effective communication?
Answer: (1) Clarify Ideas before Communication:
The person sending the communication should be very clear in his mind about what he wants to say. He should know the objective of his message and, therefore, he should arrange his thoughts in a proper order.
2) Communicate According to the Need of the Receiver:
The sender of the communication should prepare the structure of the message not according to his own level or ability but he should
Question 3.Explain Fayol’s principles of management?
Answer: The fourteen principles of management created by Henri Fayol are explained below.
1. Division of Work-
Henri believed that segregating work in the workforce amongst the worker will enhance the quality of the product. Similarly, he also concluded that the division of work improves the productivity, efficiency, accuracy and speed of the workers. This principle is appropriate for both the managerial as well as a technical work level.
2. Authority and Responsibility–
These are the two key aspects of management. Authority facilitates the management to work efficiently, and responsibility makes them responsible for the work done under their guidance or leadership.
Question 4.Discuss the techniques of controlling?
Answer: 1. Personal Observation:
The simplest way to control organisational activities is that managers take round at the work place and observe the progress of the work. Any defect in performance can be spotted and corrected immediately. A face-to-face interaction is possible where workers get their doubts solved on-the-job and guidance and counselling can also be provided there and then.
2. Budgeting:
A budget is a statement which reflects future incomes, expenditures and profits that can be earned by a firm. It is a future projection of the firm’s financial position. Non-financial aspects like units produced, units sold, unit cost of material
Question.5. What do you mean by organization structure? Explain the Matrix organizational structure ?
Answer: An organizational structure is a system that outlines how certain activities are directed in order to achieve the goals of an organization. These activities can include rules, roles, and responsibilities.
The organizational structure also determines how information flows between levels within the company. For example, in a centralized structure, decisions flow from the top down, while in a decentralized structure, decision-making
Dear students, get latest JNU MBA Solved assignments by professionals.
Mail us at: help.mbaassignments@gmail.com
Call us at: 08263069601