Mid Term Assignment SPRING 2020

Student’s Name : Sameer Ahmed Rajper Registration Number : 1811283

Program: BBA- BSAF Class: Open (A)

Submission
Course Name: Management Principles Deadline: 22nd April 2020
Instructor’s Name: Ms. Murk Qadir Khero Total Marks: 15

Course Code: BA1203- AF1106 Sharing Date:15th April 2020

IMPORTANT instructions:
 Read all the questions carefully and then solve in this file.
 Marks of each question are mentioned at the end of each question.
 Solved Assignment must be mailed to the respective faculty by the due date and in Word Format
Document. (No scanned or Picture Format File will be acceptable).
 Non-submissions of the assignments will be considered as absent for the Midterm and will be
marked “0” on ZABDESK Recap Sheet.
 While checking of the Assignment, SZABIST Plagiarism policy is to be followed.
 Group assignments are not allowed.
_____________________________________________________________________________

Question no.1: (Word count- 400 words, Marks-05)

One of Jubilee Insurance Company’s owners, Muhammad Asif is also chief finance officer in
the company. He has strategically allocated company’s funds in different investment schemes
in order to increase the profit margin but isn’t satisfied by the financial results. Mr. Asif
thinks their company’s financial reports are being manipulated and there’s a need to
conduct an audit. Help Mr. Asif choose the right Auditing Company to avail their services by
using rational decision making process.

Question no.2: Relate the approaches to being green to the concepts of social obligation,
social responsiveness and social responsibility. (Word count- 250 words, Marks-05)

Question no.3: What are the similarities between Henri Fayol’s 14 principles of management
and Weber's bureaucracy? Explain which theory is more practical according to your own
choice. (Word count- 300 words, Marks-05)

ANSWERS
ANSWER.NO:1
STEP:1 IDENTIFY A PROBLEM
Muhammad Asif is the proprietor and boss money official of Jubilee Life Insurance. He put his
assets in various venture plans to expand his organization's benefit yet the outcome isn't fulfilled.
The issue here is he thinks the money related reports are being controlled by somebody in
organization. So he needs to enlist inspecting organization to direct review.

STEP:2 IDENTIFY THE DECISION CRITERIA

1)REPUTATION OF COMPANY
2) AUTHORIZED COMPANY
3)TIME LIMIT
4)SUCCESS RATE

STEP:3 ALLOCATING OF WEIGHTS

The first important thing is reputation of the company that how much famous they are, how is their
feedback. The second thing observed is whether the company is authorized or not.
Then success rate is on third number and time limit is put in last.
Reputation of company ……………… 10
Authorized company ………………… 7
Success rate …………………………... 7
Time limit …………………………….. 5

STEP:4 DEVELOPING ALTERNATIVES

Some of the top audit companies in Pakistan to help jubilee insurance company for their case.
1) Lutuf Ali & co. Ltd:
2) Qasim sons:
3) Adil Haleem & Co:
4) Avais Haider & Co:

STEP 5: ANALYZING ALTERNATIVES

ASSESSED NUMBERS OF CRITERIA
 COMPANY REPUTATION AUTHORIZED SUCCESS TIME LIMIT
RATE

1) Lutuf Ali &

9 7 6 7
co. Ltd:

2) Qasim sons:
8 9 5 6

3) Adil Haleem
& Co:
10 8 9 8

4)
Avais Haider
6 7 5 4
& Co:

EVALUATION:

REPUTATION AUTHORIZED SUCCESS TIME TOTAL

COMPANY
RATE LIMIT
1) Lutuf Ali
& co. Ltd:
9*10=90 7*7=49 6*7=42 7*5=35 =216

2) Qasim
sons:
8*10=80 9*7=63 5*7=35 6*5=30 =208

3) Adil
Haleem &
10*10=100 8*7=56 9*7=63 8*5=40 =259
Co:
4)Avais
6*10=60 7*7=49 5*7=35 4*5=20 =164
Haider &
Co:
STEP 6: SELECTING ALTERNATIVES
Adil Haleem & Co: have the highest total rating of 259 is being selected as it meets all the criteria
with highest rating.
STEP7: IMPLEMENTING THE ALTERNATIVES
Mr. Asif needs to converse with the evaluating organization Adil Haleem & Co: for directing a
review of the money related reports so as to do so he needs to set a meeting and set a few terms
and condition and take care of business
STEP8: EVALUATING THE DECISION’S EFFECTIVENESS
The result would be fulfilling as the organization is picked for review is picked through a
procedure and satisfies all the rules that are engaged with critical thinking.

ANSWER.NO:2
Green management:
Details of environmental degradation have been recorded. Environmental impacts on their
community and reducing the fact that it supports new products, and green does not have to give
opera, authority out of contexts.

Social obligation:
Social obligation means to been legally or morally bound to something e.g. duty.

Social responsiveness:
Social response is the responsibility of an individual to contribute to a community or country that
creates a balance of life and a better environment for the people around them.

Social responsibility:
An organization or individual has a social responsibility to work for welfare of the society at large.
The social responsibility of the organization is an obligation that every individual must perform to
maintain the balance between the economy and the ecosystem.

Shades of green

Legal approach:
The legal approach is called the light green approach. Legal perspective. Do what is legally
required in the organization. They obey the rules, the rules and regulations.

Market approach:
From a market perspective, organizations are more susceptible to environmental issues, where
organizations respond to their customers’ environmental problems.
Stakeholder’s approach:
From green management’s stakeholder perspective, it is the process that the manager develops and
executes the process that satisfies stakeholders to insure long-term success.

Activist approach:
In workers’ perspectives, seek ways to protect the earth’s natural environment, resource
conservation, and what is known as the deep green perspective and also known as dark green
approach.

ANSWER.NO:3
Max Weber presented the theory of bureaucracy and had five points on how to achieve options and
rankings; Henri Fayol, on the other hand, introduced fourteen principles of management. Henri
Fayol and Max Weber both provided guidelines that managers could benefit from. Fayol's theory
focuses more on what managers do and on what is good governance. Fayol's primary concern was
direct managers' activities. Max Weber's view, on the other hand, focuses on bureaucracy equity
and explicitly categorized ratings. They both intended to work in large groups. Max Weber
describes five points of the theory of bureaucracy that are related to the Henri Fayol Principle of
labor management, such as the division of labor from Weber's theory to the division of work from
the principles of Fayol Management to the two. Should be divided into joint work of Small unit
that can be an easy task for the employee. As a rule of authority, the classification of authority and
the principle of authority are similar between them as they both belong to a clan who must retain
their authority to make a clear order. Regular selection of work distribution and direction of
integration is consistent with these points as they relate to skilled employees in their fields and
technical skills are chosen along with their specific job. According to the formal rules and
regulations, these two points are similar because they are about the quality of the system's rules
and procedures after which employees are driven. In my opinion Henri Fayol's principle of
management is more practically practical as it covers more about managers who can better manage
managers and other employees with more clarity in their fourteen points. Is also beneficial to
people.