MMPC-001 - Management Functions and Organisational Processes

 

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MBA and MBA (Banking & Finance)

 

MMPC-001: Management Functions and Organisational Processes

 

Q1. Briefly describe the functions of management and discuss their importance in the functioning of the organisations.

Ans. Management is a set of principles relating to the functions of planning, organizing, directing, and controlling, and the applications of these principles in harnessing physical, financial, human, and informational resources efficiently and effectively to achieve organizational goals.

 

Q2. Discuss the necessity of having Planning and how it helps organisations. Describe various types of planning and their merits.

Ans. Planning is an essential step what managers at all levels take. It needs holding on to the decisions since it includes selecting a choice from alternative ways of performance.

 

Q3. Discuss and describe the importance of Directing as a function of management. Illustrate with examples.

Ans. Directing integrates people from all levels of management towards achievement of common objectives. Through directing managers instruct their subordinates about ‘what they should do’, ‘when they should do’ and ‘how they should do’ and ensure that

 

Q4. What are the characteristics of an organizational culture? Briefly discuss how to build sustainable organizational culture including ethical culture with examples.

Ans.

 

Q5. Briefly describe and discuss modern theories of leadership and the difference between successful vs. effective leader.

Ans.

 

 

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