Subject Name & Code
: ADL-01-PRINCIPLES AND PRACTICES OF MANAGEMENT Study Centre : Permanent Enrolment Number (PEN) : A1920210006(el) Student Name : Jayesh Kumar G Pillai INSTRUCTIONS a) Students are required to submit three assignments ASSIGNMENT DETAILS Assignment A Five Subjective Questions Assignment B Three Subjective Questions Case Study Assignment C 40 Objective Questions b) c) d) e) MARKS 15 + 15 10
Total weightage given to these assignments is 40%. All assignments are to be completed in your own hand writing/typed. All questions are required to be attempted. All the three assignments are to be completed by due dates (specified from time to time) and mailed/given by hand for evaluation at the ACeL office Noida/your study centre. The evaluated assignments can be collected from your study centre / ACeL office after six weeks. Thereafter, these will be destroyed at the end of each semester.
Jayesh Kumar G Pillai 31 May 2011
(√ ) Tick mark in front of the assignments submitted Assignment ‘A’ . √ Assignment ‘B’ √ Assignment ‘C’ √
1. Compare the three schools of Management thought and discuss which theory is most important and why? Ans The three schools of management thought are : (a) Quantitative School of Management (b) Contingency School of Management (c) Quality School of Management
Quantitative School of management
During World War II, mathematicians, physicists, and other scientists joined together to solve military problems. The quantitative school of management is a result of the research conducted during World War II. The quantitative approach to management involves the use of quantitative techniques, such as statistics, information models, and computer simulations, to improve decision making. This school consists of several branches, described in the following sections.
Management science The management science school emerged to treat the problems associated with global warfare Managers can use computer models to figure out the best way to do something — saving both money and time. Managers use several science applications. Mathematical forecasting helps make projections that are useful in the planning process .Inventory modelling helps control inventories by mathematically establishing how and when to order a product. Queuing theory helps allocate service personnel or workstations to minimize customer waiting and service cost Operations management Operations management is a narrow branch of the quantitative approach to management. It focuses on managing the process of transforming materials, labour, and capital into useful goods and/or services. The product outputs can be either goods or services; effective operations management is a concern for both manufacturing and service organizations. Management information systems Management information systems (MIS) is the most recent subfield of the quantitative school. A management information system organizes past, present, and projected data from both internal and external sources and processes it into usable information, which it then makes available to man- agers at all organizational levels
Contingency School of Management The contingency school of management can be summarized as an ―it all depends‖ approach. The appropriate management actions and approaches depend on the situation. Managers with a contingency view use a flexible approach, draw on a variety of theories and experiences, and evaluate many options as they solve problems. Contingency management recognizes that there is no one best way to manage. In the contingency perspective, managers are faced with the task of determining which managerial approach is likely to be most effective in a given situation
Quality School of Management The quality school of management is a comprehensive...