Principles of Management - Mid-term Exam October 2019 PDF

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Summary

Mid-term Exam covering Planning, and Organising components of POLC framework along with evolution of Mgmt Theory...

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Roll No. 2019-MBA2.0 -___________

Principles of Management (MGT – 510) Mid-term Examination Lecturer: Ayesha Niazi

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Roll No. 2019-MBA2.0 -___________

SECTION A – MULTIPLE CHOICE QUESTIONS INSTRUCTIONS: A NSWER ALL QUESTIONS . E VERY QUESTION CARRIES EQUAL MARKS . N O NEGATIVE MARKS FOR INCORRECT ANSWERS . 1. Let’s say you are a manager in a large organization. Which of the following best describes the functions you will perform? A) Putting people in place to make things happen. B) Helping a group of workers become more effective and efficient than they would be without you. C) Planning, organizing, directing, and controlling. D) Setting and achieving goals. E) Exercising control over your organization.

2. When a manager measures results and compares the actual results with the planned results, the manager is performing the __________________ function. A) Organizing B) Planning C) controlling D) overseeing E) directing

3. A plan enables a manager to take a business concept beyond the idea stage. Executing a plan includes all of the following steps EXCEPT: A) Being a leader who can motivate your people to do well B) be sure a

Marks Scored: Section A: Section B: TOTAL SCORE:

10 65 75

Organizing things to that the plan becomes reality

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Roll No. 2019-MBA2.0 -___________ C) Putting people and other resources in place to make things happen D) Brainstorming alternative approaches to achieve your goals E) Controlling your operations – measuring the results and comparing them with the results that you laid out in your plan

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Roll No. 2019-MBA2.0 -___________ 4. Vision statement questions include the following except: A) What are our hopes and dreams? B) What problem are we solving for the greater good? C) Who and what are we inspiring to change? D) What will I do today?

5. Mission statement questions include the following except: A) What do we do? B) Whom do we serve? C) How do we serve them? D) When do employees get bonuses?

6. Micheal Porter identified 3 generic strategies. Which one of the following is not a generic strategy. A) Profit-leadership B) Cost-leadership/ low cost C) Differentiation D) Scope or Niche Marketing

7. Objectives typically must A) be related directly to the plan; B) be stated in terms of core values; C) specify a date for accomplishment; and D) be measurable.

8. Management By Objectives is an approach founded by A) Henri Fayol B) Frederick W. Taylor C) Harold Koontz D) Peter Drucker E) Mintzberg

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Roll No. 2019-MBA2.0 -___________ 9. Decentralised Organisational structures have more powers vested with the A) Chief Executive B) Middle Managers C) Labourers D) Supplier E) Customer

10. An efficient and effective manager will spend more time in which quadrant (refer to chart below):

A) B) C) D)

I II III IV

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Roll No. 2019-MBA2.0 -___________

SECTION B: SHORT-STRUCTURED QUESTIONS INSTRUCTIONS: Answer all questions. Marks for are given at the end of each question. Please write short, concise answers in bullet points where possible. 1. Define Management. (2 marks)

2. What are the 5 Managerial Functions. Name them with one example each. (5 marks)

3. What is McKinsey’s 7-S framework. Name the seven elements with brief details. (7 marks).

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Roll No. 2019-MBA2.0 -___________

4. What is Total Quality Management? How is this different from the concept of Quality control? (5 marks)

5. In the table below, label the levels of organizational Maturity as presented in the course. Give at least 4 elements found in each level. (10 marks)

6. What is the difference beween a “vision statement” and a “mission in statement” as taught in the course. (2 marks)

7. A four step process to develop a Vision Statement has been discussed in the course. Name the four steps and explain them. List at least 4 other points to consider when writing a vision statement (5 marks).

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Roll No. 2019-MBA2.0 -___________

8. What are the 3 core elements of a good mission Statement as discussed in the course. Name and explain them. List the 4 other points to consider when writing a mission statement (5 marks).

9. What are Core Values? How are these different from Vision and Mission? Briefly explain with the help of value examples. (5 marks)

10. What is the difference between Corporate Strategy and a Business Strategy? Give examples. (3 marks).

11. Treacy & Wiersema state Strategy is a Value Discipline. List the generic strategies stated by them. How does their concept differ from Michael Porter’s. (5 marks)

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Roll No. 2019-MBA2.0 -___________ 12. In the grid below, fill in the four main elements of a Balanced Scorecard in Column A. Also write at least four Headers of the other columns. (8 marks)

13. What is the difference between Functional and Divisional organization structure? (3 marks).

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