Management Theory and practice
December 2022 Examination
1. You are hired as a trainer by Sachin Ethanol, a newly setup organization dealing in manufacturing Ethanol from Sugarcane residue. The CEO wants you to train the newly recruited management trainees about the Principles of Management. Explain the principles of Management to these newly recruited employees by taking the help of Henri Fayol’s 14 Principles of Management? (10 Marks)
Ans 1.
Introduction
Sachin Ethanol is a newly set up company that produces ethanol from sugarcane residue. Management is the most crucial facet of the company to attain success. The objective is to concentrate on every aspect of planning, organizing, leading, and regulating to run the organization smoothly and achieve the business objective and objective. The trainer’s responsibility is to train the newly recruited management students concerning the principles of management to educate the newly
2. The newly set up management team is divided in their deliberation on a certain topic and require your help. The core area of this discussion is whether Management is an Art or a Science. As the chairman of the forum, can you throw some light on whether Management is an art or a science or both and Why? (10 Marks)
Ans 2.
Introduction
Management is a powerful approach that thinks about preparing to manage, arranging and utilizing the resources successfully to accomplish the organizational goal and carry out the specific job successfully. The newly created management team is divided their deliberation on a particular subject. It requires the assistance of the chairman of the online forum to throw some light on whether management is an art, a science, or both. Management can be considered science or art or both that include several
3. Lemon Tree, a famous hotel chain in India is losing its market share to its peers. The major reasons contributing to the same is that there is a lot of conflict in the organization due to which correct and timely decisions are not being taken. The company has hired you as a consultant to understand and solve this issue
a. Explain the different types of Conflicts that can arise in an organization? (5 Marks)
Ans 3a.
Introduction
Lemon Tree, a recognized resort chain in India, is failing its market share to its equivalents due to the internal conflicts that emerge in the organization that lessen performance and growth. In this section, the scientist has tried to find the different factors for the conflict to bring efficient remedies for the organization’s development.
Discussion
Conflict and disagreement are unavoidable
b. Explain what strategies can be used by Lemon Tree to resolve these conflicts? (5 Marks)
Ans 3b.
Introduction
Performance and good management is the critical point of the y company to bring the very best results, such as productivity, market share, excellent sale, promotion, and excellent partnership with the omer. The management principle supports the company in stabilizing all the variables to run a thriving scientific research service.
Discussion
