Saturday, 1 December, 2018
MBA 1ST SEMESTER ASSIGNMENT ANSWERS
Management Function & Organization Behavior
Q1: What is management? Explain in brief purposes of management.
Management is what a manager does in an organization to achieve the
objectives. The definition of management according to James A.F Stoner
“Management is the process of planning, organizing, leading, and controlling the
efforts of organization members and of using all other organizational resources to
achieve stated organizational goals”
Q2: Explain decision making process. How do you acquire institutive decision
making skill?
Rational decision making processes are defining the problem, analyzing it,
develop alternatives, evaluate alternatives, selecting and implementing the
decision, and following-up and feedback.
Problem definition is the most crucial step in the entire decision making
process. So, wrong definition of the problem cause wrong solutions.
Examination of problem through analyzing the past events of the problem,
the present situation, and its impact on the future has to be considered.
Effective decision making depends on the development of as many
alternative solutions. The ability of identifying and develop alternative courses of
action depend on manager creativity.
Once an alternative is selected, the decision has to be implemented in a
systematic way. So, required resources for the implementation and cooperation
from the people concerned with decision have to be ensured
In the course of implementation, constant following up enable to identify the
shortcomings and to take corrective actions if needed.
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