Management Theory and Practice NMIMS Solved Assignments Infographics Dec 2023 brief solution. Management theory and practice nmims solved assignments free nmims solved assignment 2023 information system for managers nmims assignment management theory and practice case study questions and answers financial accounting and analysis nmims assignment nmims assignments online nmims business economics assignment organisational behaviour assignment nmims

1. Q1: Samatadeep Industries have hired you as a consultant as most of their recent plans have
failed miserably. Post you research, you concluded that they have not considered the external
environment at all when planning or executing their plans. Can you guide them about the
forces that affect management thought?
Brief Ans: The external forces that affect management thought and planning at Samatadeep
Industries include economic, social, political, technological, and competitive factors.
Considering these external environmental factors when developing plans can help ensure
strategies align with market conditions for greater success.
Q2: As a management trainer to a batch of new joiners at ABC Ltd, can you explain Henri Fayol’s
14 principles of management to them and make them understand their significance in today’s
world.
Brief Ans: Henri Fayol identified 14 principles of management that are still relevant today.
Division of work specializes employee tasks for efficiency. Authority gives managers power to
make decisions. Discipline enforces obedience and proper behavior. Unity of command means
employees report to one supervisor. Unity of direction aligns efforts toward a common goal.
Subordination of individual interest promotes company over personal interests. Remuneration
fairly compensates employees. Centralization concentrates decision-making while
decentralization spreads it out. Scalar chain defines authority from top to bottom. Order
organizes materials and employees. Equity creates loyalty through fair treatment. Stability of
tenure reduces turnover. Initiative allows freedom to create plans. Esprit de corps builds
morale and unity. Applying these principles allows managers to organize operations, coordinate
resources, motivate staff, and boost productivity in today's workplace.
Q3: Sachi Ltd has been facing many loses and want to modernize themselves using modern
tools and have hired you as a consultant for the same. Can you explain the following concepts
to them and how will they help them modernize a cycle manufacturing business like theirs.
a. JIT
b. Six Sigma
Brief Ans: Implementing Just-in-Time manufacturing will reduce Sachi Ltd's inventory costs,
improve cash flow, and promote production flexibility. Six Sigma quality management will
decrease defects, improve process consistency, increase customer satisfaction, identify root
causes of problems, and engage employees through training and development.
Management Theory & Practice
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NMIMS Dec 2023 Solution
Management Theory & Practice Assignment Question and Brief Answer