MBA Semester 1 MBA101– Management Process and Organisational Behaviour Q1. Define the terms ‘strategy’. Explain the following: a) Corporate strategy b) Business strategy c) Functional strategy Strategy: A strategy is a plan of action designed to achieve a specific goal or series of goals within an organizational framework. Strategy is the direction and scope of an organisation over the long-term: which achieves advantage for the organisation through its configuration get Complete Answers on www.smuhelp.com Q2. Define the term ‘management’. Explain the Behavioural science theory and Systems theory. Definition of management: According to Harold Koontz, “Management is an art of getting things done through and with people in formally organised groups. It is an art of creating an environment in which people can perform as individuals and can cooperate towards the get Complete Answers on www.smuhelp.com Q3. Give the definition and importance of planning in an organisation and explain the Portfolio Matrix or BCG Matrix. Definition of planning: Planning can be defined as a basic management function which enables one to select the purpose of the business, and how the resources should be mustered get Complete Answers on www.smuhelp.com
MBA101 Management Process and Organisational Behaviour
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