MBA(EXECUTIVE) Ist Semester MANAGERIAL ECONOMICS Assignment-1 Q.1 Is managerial economics positive or normative? Analyse the relationship between managerial economics and decision making. Q.2 What are the various factors which may influence the demand for Intermediate goods‚ public goods‚ club goods and complimentary goods? Q.3 Why is demand analysis significant for management? Identify various concepts of demand relevant for various functional areas of management. Q
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2010 suicides in the Chinese Foxconn factories‚ which are the main suppliers for Apple‚ and the IPhone5 strikes that occurred in the beginning of October. All of these events were as a result of the workers’ poor living conditions‚ inadequate health care benefits and a load of overtime hours. Apple’s speedy response has been triggered by the growing global concern regarding Foxconn’s unethical practices towards its workers. Apple has agreed to work along with Foxconn and the Fair Labor Association
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Interdisciplinary Approach Organizational behaviour is basically an interdisciplinary approach. It draws heavily from other disciplines like psychology‚ sociology and anthropology. Besides‚ it also takes relevant things from economics‚ political science‚ law and history. Organizational behaviour integrates the relevant contents of these disciplines to make them applicable for organizational analysis. e.g. it addresses issues‚ which may be relevant to the case‚ such as the following: • What facilitates
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What is Organizational Behaviour? Organizational behavior is a field of study that investigates the impact that individuals‚ groups and structures have on behavior within an organization for the purpose of applying such knowledge towards improving an organization’s effectiveness.[1] It is an interdisciplinary field that includes sociology‚ psychology‚ communication‚ and management; and it complements the academic studies of organizational theory (which is focused on organizational and intra-organizational
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What is organizational behaviour? How can managers apply it? Explain. Many organizations today‚ employ people of different ethnicity‚ culture and have subsidiaries in various parts of the world. Managers now have to find ways to manage effectively these variables to ensure the goals of the organization are accomplished. Managers get work done through others; therefore they need to have excellent interpersonal skills. As well as plan‚ organize‚ control resources and make good decisions on behave
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Chapter 1 Defining Organizational Behaviour * OB is a field of study that looks at the impact that individuals‚ groups‚ and structure have on behaviour within organizations * Managers apply the knowledge gained from OB research to help them manage their organizations more effectively * An organization is a consciously coordinated social unit‚ composed of a group of people‚ that functions on a relatively continuous basis to achieve a common goal * Wages and benefits are
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Final Report- Organizational Behavior “Issues in Organizational Behaviour based on own experiences” Student No. Structure: 1. Introduction 2. Main Body and Recommendations 3. Conclusion 4. References What is Organizational Behaviour? Organizational Behaviour is nothing else than developing our understanding and development of people skills. A multidisciplinary field devoted to understanding individual and group behaviour‚ interpersonal process and organizational dynamics. Different
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working environment‚ managers are better equipped to understand and predict how employees behave and react to particular situations in the workplace. A Manager achieves organizational goals through other people. Organizational Behaviour is a field of study that investigates the impact that individuals‚ group‚ and structure have on behaviour within the organizations‚ for the purpose of applying such knowledge toward improving an organization’s effectiveness. French Management Theorist Henri Fayol‚ back
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THE ESSENCE OF ORGANIZATIONAL BEHAVIOUR A definition of organizational behaviour ‘The study of the structure‚ functioning and performance of organizations‚ and the behaviour of groups and individuals within them’ (Pugh‚ 1971). Characteristics of organizational behaviour (Ivancevich et al‚ 2008) ● It is a way of thinking about individuals‚ groups and organizations. ● It is multidisciplinary. ● There is a distinctly humanistic orientation. ● It is performance-oriented. ● The use of scientific
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ORGANIZATIONAL BEHAVIOUR NOTES I. TOPIC 1: What is organizational structure? Key topics under structure: a) 6 elements of structure b) Org. design c) Models of structure d) Factors affecting org structure e) Global implication ORGANIZATIONAL STRUCTURE- refers to the way in which job tasks are formally‚ divided‚ grouped or coordinated. OR The formal system of task and reporting relationships showing how workers use resources. A. 6 elements of structure:
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