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SESSION MARCH 2023
PROGRAM BACHELOR OF COMMERCE (BCOM)
COURSE CODE & NAME DCM1105 – PRINCIPLES OF BUSINESS MANAGEMENT
Assignment Set – 1
- Explain the skills that should be possessed by managers.
Ans: Managers must possess knowledge and skills to handle other employees and derive the required performance form
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- Discuss the steps involved in the process of selection.
Ans: Thus, selection can be defined as a process of choosing the best suitable candidate for the existing or future position in a company. Selection of employees is made based on company’s policies and
- Differentiate between Open System and Closed System.
Ans: OPEN SYSTEM
An open system relies on the interactions in
Assignment Set – 2
- Discuss benefits and limitations of MBO.
Ans: BENEFITS AND LIMITATIONS OF MBO:-
MBO is beneficial to an organisation at all levels, including subordinates, superiors, and the enterprise itself.
The main benefits of MBO are
- “To be a great leader one must possess various qualities to lead the followers successfully and earn their trust, respect, and loyalty.” Comment.
Ans: I completely agree with this statement. Being a great leader requires a combination of personal and professional qualities that enable them to inspire, motivate, and guide their followers towards achieving common goals.
Below are some of the essential qualities that great leaders should possess:
Visionary: A great leader should
- Explain the various steps involved in the process of controlling.
Ans: Controlling is a step-by-step procedure that must be followed.
- Setting Performance Goals
Ii. Actual Performance Evaluation
iii. Comparing Actual and Expected Results
- Detecting and Analysing Errors
- Taking remedial action
Controlling is a systematic procedure that includes the following st