B.COM DCM 1110 PRINCIPLES OF BUSINESS MANAGEMENT

Description

SESSION	JAN 2026
PROGRAM	BACHELOR OF COMMERCE (B.COM)
SEMESTER	I
COURSE CODE & NAME	DCM1110 PRINCIPLES OF BUSINESS MANAGEMENT

 

Assignment Set – 1

 

 

 

Q.1. Classify the three types of managerial skills with example. (10 Marks)

Ans 1.

Management requires a wide range of skills to organize, plan as well as manage the organisation’s resources efficiently. Robert L. Katz classified managerial competencies in three broad categories: technical abilities, human capabilities as well as conceptual abilities. Each type is essential for different levels of management and plays an important role in organisational success.

Technical Skills

Technical skills refer to the

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Q.2. Describe the types of systems. Mention the advantages and disadvantages of systems approach. (4+6 = 10 Marks)

Ans 2.

Types of Systems

A system is a set of interrelated and interdependent components working together to achieve an end goal. Systems can be classified into two main categories.

Open systems interact with its external environment by receiving inputs and producing outputs. It is influenced by changing conditions within its environment. Businesses are open systems due to the fact that they draw in sources like labour, raw materials and capital from their environment and then release the outputs, such as items

 

Q.3. Describe the steps in strategic planning. (10 Marks)

Ans 3.

Strategic planning is the method by which an organisation defines its long-term direction, sets objectives, sets priorities, and allocates resources and develops a plan for achieving its goals. It offers a specific framework for decision-making and helps an organization to adapt to ever-changing environment. Strategic planning follows a series of systematic steps that ensure the plan is attainable effective, relevant and actionable.

Defining Mission and

 

Assignment Set – 2

 

 

Q.4. Explain the importance and limitations of planning in an organisation. (5+5 = 10 Marks)

Ans 4.

Importance of Planning

Planning is the main and fundamental job of management. It is the basis on where all the other management tasks such as staffing, organizing managing, directing, and controlling are based. Without a strategy, management actions are not guided by a purpose or direction. A plan provides clear evidence of direction by defining objectives and defining the exact steps to attain the goals. It also ensures that every person and department within the organisation works toward common objectives rather

 

Q.5. Distinguish between Centralisation and Decentralization. (10 Marks)

Ans 5.

Centralisation and decentralisation refer to the degree at which the authority to make decisions is situated or dispersed across an organization. Both represent opposite ends of a spectrum. Each offers distinct advantages, characteristics and drawbacks, which make them suitable for different organisational contexts and environments.

Centralisation

 

Q.6. Differentiate between Recruitment and Selection. (10 Marks)

Ans 6.

Selection and Recruitment are two interlinked, however distinct processes for managing human resources. They are both part of the hiring purpose, which aims to seek out, analyze and recruit the most suitable candidates for job vacancies. Though they’re often discussed as a team, the two functions differ in