MGT503 - Principles of Management

Re: MGT503 Assignment 1 Solution and Discussion Principles of Management (MGT503) FALL 2020 Due Date: 8th February, 2021 Total Marks: 20 Assignment 01 Objective of the activity: The objective of this assignment is to make students able to recognize different organizational structures along with the contingency factors impacting organizations during period of global crises such as COVID 19. Learning Outcomes: After attempting this activity, students will be able to:   Comprehend basic contingency factors surrounding organizations. Come up with the strategies which organization should adopt in future to work effectively due to uncertain circumstances. Premise: A new trendy and catchy managerial acronym now days is “VUCA”, stands for volatility, uncertainty, complexity, and ambiguity. These are four different types of situations requiring different types of responses. COVID-19 has brought unprecedented challenges for organizations and “VUCA” has become a new normal. The old ritual of dictating work by the top management to the subordinates, and ensuring that all tasks have been finally operated and executed is fading due to prevalent pandemic. This requires a change in strategy, otherwise they would be at disadvantage. By calling attention to this and other limitations of traditional organizational structures, COVID-19 is speeding up the pace of necessary change. Organizations have been naturally put into situation where they have to modernize, for example, working remotely. Here, those organizations which were previously having less rigid structure have embraced this change easily. However, this sudden need of change has created opportunities to come up with new strategies and affective ways of doing work. Requirements: For the organization which are transitioning from traditional to work remotely/virtually; What can be appropriate organizational design decisions based on the following contingency factors: (15 Marks) a) Strategy and structure b) Sizeandstructure c) Environmental uncertainty and structure 2. What crucial points should organizations keep into consideration by going from “new normal” to “back to normal”, when COVID-19 crises fades? (5 Marks) Important note: do not write unnecessary details. Irrelevant material will be marked zero straight away. Word limit for each part of question in 50 words. Moreover, plagiarized work will be treated same way. Do not claim afterwards that your work is not plagiarized. Important: 24 hours grace period after the due date is usually available for assignment to overcome uploading difficulties. This extra time should only be used to meet the emergencies and above mentioned due date should always be treated as final to avoid any inconvenience. Other Important Instructions: Deadline:  Make sure to upload the solution file before the due date on VULMS.  Any submission made via email after the due date will not be accepted. Formatting guidelines:  Use the font style “Times New Roman” or “Arial” and font size “12”.  It is advised to compose your document in MS-Word format.  You may also compose your assignment in Open Office format.  Use black and blue font colors only. Referencing Guidelines:  Use APA style for referencing and citation. For guidance, search “APA reference style” daily and read various websites containing information for better understanding or visit http://linguistics.byu.edu/faculty/henrichsenl/apa/APA01.html Rules for Marking Please note that your assignment will not be graded or graded as Zero (0), if:  It is submitted after the due date.  The file you uploaded does not open or is corrupt.  It is in any format other than MS-Word or Open Office; e.g. Excel, PowerPoint, PDF, etc.  It is cheated or copied from other students, the internet, books, journals, etc. Note related to load shedding: Be Proactive Dear Students, As you know that Post Mid-Term semester activities have started and the load shedding problem is also prevailing in our country. Keeping in view the fact, you all are advised to post your activities as early as possible without waiting for the due date. For your convenience; the activity schedule has already been uploaded on VULMS for the current semester, therefore no excuse will be entertained after the due date of assignments or GDBs.

Re: MGT503 GDB 1 Solution and Discussion Total Marks 5 Starting Date Tuesday, June 02, 2020 Closing Date Monday, June 08, 2020 Status Open Question Title Managerial Roles Question Description Objective: The basic objective of this discussion is to familiarize students with different managerial roles performed by the CEO of any organization. Learning Outcome: After participating in this GDB; The students will learn regarding the application of appropriate managerial roles at the workplace. The Premise: At Al-Raheem Inc., the fiscal reports showed a considerable decline in productivity and profits. It was alarming for the higher management, so the CEO called the meeting of the managers of various departments including HR, Procurement, Marketing, Production, and Finance. In the meeting, it was revealed that there exists inter-departmental conflict(s) and each department was blaming others for the crisis. The first meeting ended in a heated exchange of words and blame game. The CEO asked the managers to compile a comprehensive report of their departments and present them in the next meeting. The reports from the departments suggested that they are fighting for more organizational resources to run their affairs. Point of Discussion: Being a student of management, you are required to suggest two decisional roles (Mintzberg’s Managerial Roles) suitable for the CEO to adopt in this situation. Also give two justifications for each role to resolve this issue.

MGT503 Quiz 1 Solved https://www.youtube.com/watch?v=mpS79AHMYTw

Principles of Management (MGT 503) Semester: Fall 2019 Graded Activity 1 Due Date: Nov 21, 2019 Total Marks: 20 Assignment: Handy proposed a model of organizational culture according to which organizational culture is categorized into four different dimensions; Role culture, Power culture, People culture and Task culture. In Role culture more emphasis is given to the organizational hierarchies. Power culture revolves around a single entity. Individuals possess the supreme worth in Person culture. Task culture is more task-based and only focuses on the completion of tasks. For more detail check the following model of Handy’s Culture: Role Culture: Such organizations are based on the assumptions that people are rational; and that roles can be defined and discharged with clearly defined procedures. They display stability, certainty and have great strength in situations marked by continuity; they often display weakness in adapting to, or generating, change. Task Culture: This is found in organizations where management is concerned with solving a series of problems. The structure is represented by a net, resources being drawn from all parts of the organization to meet the needs of current problems. Working parties, sub-committees, task forces and study groups are formed on an ad-hoc basis to deal with problems. This type of culture is seen to advantage when flexibility is required. Power Culture: Revolves around the strong leader who enjoys and uses power, and is graphically represented by a spider’s web. All lines of communication lead, formally or informally, to the leader. Such organizations display strength in speed of design making, their potential weakness lying in the caliber of the “one man bands” running them. Person Culture: Organizations characterized by these cultures are those where the organization exists to serve the individual and where individuals are not servants of the organization. They consist of groups of professionals, for example doctors or lawyers, with no “boss”. Co-ordination may be provided by a committee of peers. Such structures are becoming more common as more conventional organizations increasingly contract out work to professionals and specialists whose services are used only as and when required. Recall the McGregor’s Theory X and Theory Y and identify which theory (theory X or theory Y) facilitates each of the culture types (role, power, people and task culture) proposed by Handy. Brief explanation must be provided to support your answer. Culture type McGregor’s theory (theory X / theory Y) Explanation 1. Role culture 2. Power culture 3. People culture 4. Task culture Note: Solution must be provided in the above format; else marks will be deducted. IMPORTANT NOTE DO NOT COPY MATERIAL FROM ANY SOURCE INCLUDING BOOKS, HANDOUTS, INTERNETSOURCE ETC. COPIED MATERIAL WILL BE TREATED AS CHEATING & WILL BE MARKED AS ZERO. IMPORTANT INSTRUCTIONS:  Students are advised to study the assignment content carefully  Try not to include any irrelevant material in the solution  Try to come up with precise and original answers  Any act of plagiarism like copy paste from internet will result in ZERO marks  Assignments reaching after the due date would not be considered  Make sure to upload the solution file before the due date on VULMS  Any submission made via email after the due date will not be accepted  Any submission through email by using any email ID other than your VU email ID will not be accepted FORMATTING GUIDELINES:  Use the font style “Times New Roman” or “Arial” and font size “12”.  It is advised to compose your document in MS-Word format.  You may also compose your assignment in Open Office format.  Use black font color only. REFERENCING GUIDELINES:  Use APA style for referencing and citation. For guidance search “APA reference style” in Google and read various website containing information for better understanding or visit http://linguistics.byu.edu/faculty/henrichsenl/apa/APA01.html RULES FOR MARKING: Please note that your assignment will be graded as Zero (0), if:  It is submitted after the due date.  The file you uploaded is corrupt.  It is in any format other than MS-Word or Open Office; e.g. Excel, PowerPoint, PDF etc.  It is cheated or copied from other students, internet, books, journals etc. Good Luck! IMPORTANT 24 hours extra/ grace period after the due date is usually available to overcome uploading difficulties. This extra time should only be used to meet the emergencies and above mentioned due dates should always be treated as final to avoid any inconvenience.

Total Marks 5 Starting Date Monday, January 13, 2020 Closing Date Friday, January 17, 2020 Status Open Question Title Decision Making Styles Question Description Objective: The basic objective of this discussion is to familiarize students with different decision making styles. Learning Outcome: After participating in this GDB; Student will learn regarding application of appropriate decision making style at workplace. The Premise: Case A: Ms. Sana is responsible for the management of daily activities on the production floor in a textile firm. In order to keep the workflow smooth and steady, she takes all the decisions related to employee’s daily production-related assignments. She independently analyzes production schedules on a regular basis and decides about changing defective machines which disrupts the production process. She posts clear instructions regarding employee’s assignments on the department’s notice board leading employees to perform their tasks perfectly. Case B: In WinSum Textile Company, the new CEO called a meeting with the Board of Directors. In the meeting, they discussed the possible Joint Ventures with other companies. Many aspects of joint ventures came under discussion but still, it requires more consultative sessions and time for a final decision. Point of Discussion: In your opinion, which decision-making styles are used in Case A and B? Justify your answer with two logical reasons for each case. Maximum Word Limit:100 words Student’s Guide Keep you discussion with the mentioned scenario and irrelevant answers and material will not be graded. Be careful from those blogs who are promoting cheating culture among our students and killing their creativity and critical thinking. Answers copied from such blogs will be straightaway marked as zero. Similarly any relevant or irrelevant material copied from internet sources will get the same treatment. It can seriously damage your grades. Note: For acquiring the relevant knowledge, do not rely only on handouts but also watch the course video lectures and read additional material available online or in any other mode. Important Instructions: · Your discussion must be based on logical facts. · The GDB will open and close on above specified date and time. Please note that no grace day or extra time will be given for posting comments on GDB. · Use the font style “Times New Roman” and font size “12”. · Your answer should be relevant to the topic i.e. clear and concise. · Do not copy or exchange your answer with other students. Two identical / copied comments will be marked Zero (0) and may damage your grade in the course. · Books, websites and other reading material may be consulted before posting your comments; but copying or reproducing the text from books, websites and other reading materials is strictly prohibited. Such comments will be marked as Zero (0) even if you provide references. · You should post your answer on the Graded Discussion Board (GDB), not on the Moderated Discussion Board (MDB). Both will run parallel to each other during the time specified above. Therefore, due care will be needed. · Obnoxious or ignoble answer should be strictly avoided. · You cannot participate in the discussion after the due date via email. · Questions / queries related to the content of the GDB, which may be posted by the students on MDB or via e-mail, will not be replied till the due date of GDB is over. · For planning your semester activities in an organized manner, you are advised to view schedule of upcoming Assignments, Quizzes and GDBs in the overview tab of the course website on VU-LMS.