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19Mst11 Management Principles and Practices: Unit - I - Overview of Management
19Mst11 Management Principles and Practices: Unit - I - Overview of Management
19Mst11 Management Principles and Practices: Unit - I - Overview of Management
1. What is Management?
Management is the process of giving direction and controlling the various activities of the people to
achieve the objectives of an organization.
2. Define Management.
According to Knootz and Weihrich “Management is the process of designing and maintaining of an
environment in which individuals working together in groups, efficiently accomplish selected aims”.
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Scalar chain
Order
Equity
Stability
Initiative
ESprite de crops.
19. What are the essential skills need for the managers?
Technical skill
Human skill
Conceptual skill.
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21. What is Partnership?
A partnership is an association of two or more persons to carry on business and to share its profit and
lossess.
1.Define planning.
Planning is the process of selecting the objectives and the determining the course of action required to
achieve these objectives.
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5.Define Mission.
Mission may be defined as “as a statement which defines the role that an organization plays in the
society ”.
6. Define objectives.
The term objectives or goals are often used interchangeably. Objectives are the end results towards
which the activities of firm are aimed or directed.
9.Define policies.
Policies are general statements or understandings which provide guidance in decision making to
various managers.
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15. Give the flow diagram of planning steps.
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21. What are the benefits of MBO?
Improvement of managing
Clarification of organization
Personnel satisfaction
Team work
Development of effective control.
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UNIT-III - ORGANISING
1. Define organizing.
Organizing is the process of identifying and grouping of activities required to attain the objectives,
delegating authority, creating the responsibility and establishing relationships for the people to work
effectively.
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8. What are the types of Departmentation?
SERIAL NUMBER TYPES OF DEPARTMENTATION
Departmentation by numbers
Departmentation by time
Departmentation by Enterprise function
Departmentation by Territory
Departmentation by Customers
Departmentation by equipment or process
Departmentation by product or service
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18. Define Recruitment.
B. FIPPO defined recruitment as “the process of searching for prospective employees and stimulating
to apply for jobs in the organization”.
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UNIT- IV - DIRECTING
3. Define creativity.
Creativity is defined as the ability to produce new and useful ideas through the combination of know
principles and components in novel and non obvious ways. Creativity exists throughout the
population, largely independent of age, sex, and education.
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Planning
Sell data
Action.
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16. Define leadership.
Leadership is the process of influencing the behavior of others towards the accomplishment of goals
in a given situation.
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1. Physical barriers
2. Socio-psychological or personal barriers
3. Organizational barriers
4. Semantic barriers
5. Mechanical barriers.
UNIT-V – CONTROLLING
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1. Define Control.
According to koontz “controlling to the measurement and correction of performance in order to make
sure that enterprise objectives and the plans devised to attain them are accomplished”.
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10. Define Budgetary control.
According to J. Batty “A system which uses budgets as a means of planning and controlling all
aspects of producing and or selling commodities and services”.
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18. What is Economic order Quantity?
Formula , EOQ = 2DS/ C
Where,
D- Demand per year
C- Annual carrying cost of one unit.
S- Ordering cost.
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