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Management Process

General Instructions:

The Student should submit this assignment in the handwritten form (not in the typed format)
The Student should submit this assignment within the time specified by the exam dept
The student should only use the Rule sheet papers for answering the questions.
The student should attach this assignment paper with the answered papers.
Failure to comply with the above Four instructions would lead to rejection of assignment

Specific Instructions:
There are four Questions in this assignment. The student should answer all the four questions. Marks
allotted 100.
Each Question carries equal marks (25 marks) unless specified explicitly.

Question 1
Question 1 (a) What do you understand by scientific management. Discuss the
major elements of Taylors approach to management. Give example and explain
Question 1 (b) Explain the significance of Hawthorne studies.

Question 2
Question 2 (a) What is a Family Business? What are the advantages of Family
Business? Explain what do you mean by Family concern and Business concern in
family business?
Question 2 (b) Succession is a major issue when it comes to Family Businesses?
How can succession in family business be managed?

Question 3
Question 3(a) Managers are frequently criticized for focusing too much attention
on the achievement of short-term goals. In your opinion, how much attention should
be given to long-term versus short-term goals? In the event of conflict, which should
be given priority? Explain your answer.
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Question 3 (b) Explain in details with example Bureaucratic Model and
Behavioral Model of organization.

Question 4
Question 4 (a) What do you understand by Competency? Describe in details the
four Competencies, which are required in an organization.

Question 4 (b) Which strategy should a firm develop first-its business-level or its
corporate-level Strategy? Describe the relationship between a firms business and
corporate level strategies.