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1. Dear students get fully solved assignments
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NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: Management Theory and Practice
Assignment Marks: 30
Instructions:
All Questions carry equal marks.
All Questions are compulsory
All answers to be explained in not more than 1000 words for question 1 and 2 and for question 3
in not more than 500 words for each subsection. Use relevant examples, illustrations as far as
possible.
All answers to be written individually. Discussion and group work is not advisable.
Students are free to refer to any books/reference material/website/internet for attempting their
assignments, but are not allowed to copy the matter as it is from the source of reference.
Students should write the assignment in their own words. Copying of assignments from other
students is not allowed
Question. 1. There have been arguments in favor of management
as an art, management as a science ormanagement as a profession.
What is management according to you? You are not allowed to
takea stand that says that management is combination of art,
science and profession. (10 marks)

2. Answer:Management is the essential part of an organization. There is no way that an organization
can work efficiently in absence of proper management and due to its higher level importance, the
management has been divided in many categories but its major role and position stays almost the
same. The combination of art, science and profession in corporate world makes everything much
more efficient and professional which means it will become highly well-organized as well.
Management is the art of driving individuals to accomplish objectives with the most extreme
effectiveness. How can dealing with the general
Question.2.You have started a business organization which aims at
opening up a chain of laundries acrossthe city of Mumbai. Explain
how you would use information technology in your business.(10
marks)
Answer:Informational technology is one of the most essential and important business part. It can
helpyouto gethigherlevel successinyourrecentlystartedbusiness. The integration of technology
is something that can help you to get success easily.Especially in the laundry business, you would
need to make sure that you follow proper strategy. In the business industry focused city like
Mumbai, if you are planningtoopenchainof laundries thenyouwould need to first analyse how to
maintain stability in your business.
Retailing is an appropriation channel capacity,
Question.3.You own a retail store having outlets all over India. You
have started facing tough competitionfrom online retail companies,
not only from India but also from abroad. Now, you are planning
tomake a strategic shift in the major functions of your business
organizations for which you willhave to make strong decisions in
your company. In this background, answer the followingquestions.
a) What will be the premises on the basis of which you will make
these strong decisions?(5 marks)
Answer:Inany well-establishedorganization, the processof decisionmakingisreallyveryimportant.
For better management and organization in the business, it is important that the personnel of the
organization understand how to make the proper decisions. Decisionneeds to be made with the
accuracy in the corporate world. To make strong decisions, it is essential to have strong principles
and solid management.

3. b) Do you think it is possible for a decision maker to be totally
rational in the process ofdecision making? (5 marks)
Answer:Decisionmakerinanyorganization playsreallyveryimportantrole because all the decision
needstobe made on the basis of proper analysis and this entire procedure is really very sensitive.
Efficiency and professionalism is necessary and therefore rational decision could also be made
sometimes.
Rational decision making is a multi-step
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
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(Prefer mailing. Call in emergency )