Management Theory and Practice-1st-2016-NMIMS

Management Theory and Practice-1st-2016-NMIMS
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Q1: There have been arguments in favor of management as an art, management as a science or management as a profession. What is management according to you? You are not allowed to take a stand that says that management is combination of art, science and profession. (10 marks)
Q2: You have started a business organization which aims at opening up a chain of laundries across the city of Mumbai. Explain how you would use information technology in your business. (10 marks)
Q3: You own a retail store having outlets all over India. You have started facing tough competition from online retail companies, not only from India but also from abroad. Now, you are planning to make a strategic shift in the major functions of your business organizations for which you will have to make strong decisions in your company. In this background, answer the following questions. a) What will be the premises on the basis of which you will make these strong decisions? (5 marks)
b) Do you think it is possible for a decision maker to be totally rational in the process of decision making? (5 marks)
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