Professional Documents
Culture Documents
A mission statement
captures the uniqueness of your company and guides your quality and service. A vision statement defines what your business will do and why it will e ist tomorrow. A vision statement is a mar!eting tool and a business development tool because it announces your company"s goals and purpose to employs supplier# customers and media. $ision statement must inspire and motivate staff# instil confidence# and represent business by articulating a common vision of future. %ow do ma!e a vision& 'here has been a lot of research on vision. (ut there was a four part of vision given by )ollins and *orras in his article +organisational vision and visionary organisation". ,1,.,/,1)ore values# )ore purposes# 'he (ig %airy Audacious gaol#,(%A0$ivid description#
2et"s discuss in details: 1. 'he core values are those things very close to owners" heart that they will not give up at any cost. 3t can be integrity or quality# etc. for e ample 3 will never cheat on the ta es 3 have to pay# 3 will never use a lower quality wood etc. personal values and business value may differ. .. )ore purpose is the purpose of the organisation# for e ample to ma!e furniture. 'his is something that you want to achieve within the framewor! of our core values. 3t gives achievement orientation to the business and therefore the focus. /. 'he (%A0 is about having a goal which qualifies the purpose. 4or e ample to be the best furniture ma!er in the town in five years or to be the most well !nown furniture supplier in 3ndia by 1566# etc. 'hat means (%A0 should be big. 1. 'he vivid description should ma!e the entire vision statement very inspiring to all sta!eholders. 3t should be simple and easily understandable. 4or e ample +Quit 3ndia" is a very simple statement# but it is very vivid and easily understandable. 'he vision statement is meant for the sta!eholders and therefore# the importance of the vivid and simple statement. A mission statement is defined as an announcement of what business does today and why it e ists. A mission statement captures the uniqueness of company and acts as a base line for quality# service and mar!eting message. 'he vision and mission are fairly well integrated by )ollins and *orras. $ision is the state that one wants to be in and mission is the way of doing it. 7ou can say that your vision is to be the 8o.1 in 3ndia# and u will do it by providing high quality
furniture# by maintaining statement can be a separate one or it can be rolled into one but )ollins and *orras model has been gaining popularity of late because it encapsulates the vision and mission into one and anchors the value.
Question-. ,A- Define planning Answer:- *lanning# organi9ing# staffing# leading and controlling are five
management functions. *lanning can be defined as a basic management function. *lanning implies goal setting for the organisation !eeping in mind the constraints# opportunities# and threats as much as what the person or business which is planning wants to do. 'hus# a plan is a blue print for goal achievement# a blue print that specifies the necessary resource allocation# schedules# tas!s# and other action to achieve the purpose. A goal is a desire future state the organisation attempts to reach. 0oals are important because an organisation e ists for a purpose# and goals define and state that purpose. 0oal specify future ends# plans specify the means to do that. *lanning provides direction and a unit"s of purpose for organisations but it also answers si basic questions in regard to an activity. ,1- :hat need to be accomplished& :hat are the alternative routes to it& ,.- :hen is the deadline& ,/-:here will this be done& ,1-:ho will be responsible or it& ,;- %ow will it get done& ,<- %ow much time# energy# and resources are required to accomplish this gal& 'he planning# the organisation"s goals and defining the means achieving them. *lanning is preparing for tomorrow# today. 3t is the activity allows managers to determine what they want and how they will achieve it.
Question-. ,(- E plain the importance of planning. Answer :- *anning is a process which involves the determination of future course of action# i.e. why an action# how to ta!e and when to ta!e action are main sub=ect of panning.
*anning is important for following reasons : ,1- *lanning provides a clear sense of direction to the activities of the organisation and to the =ob behaviour of managers and other.
,.- 3t helps the management to clarify# focus# and research their businesses or pro=ect"s development and prospect. ,/- 3t provides a considered and logical framewor! within which a business can develop and *ursue business. ,1- 3t offers a benchmar! against which the actual performance can be measured and reviewed. ,;- 3t plays a vital role in helping to avoid mista!e or recognise hidden opportunities. ,<- 3n the business conte t# it guides the developing of products# management# finances# and most importantly# mar!ets and competition ,>- 3t helps in forecasting the future and ma!es the future visible to some e tend. ,6- 3t bridges between where we are and where we went to go.
Question-/ ,A- :hy leading is important& Answer :- According to a few philosophers leading is ?2ife spar! of an enterprise@. 3t is also as an actuating function of management because it is through direction that the operation of an enterprise actually starts. (eing the central character of an enterprise# it provides many benefits to a concern which are as follows :
1- 3nitiates action: - 2eading is the function which start the wor! performance of the followers subordinates. 'hrough this function subordinates understand their =ob and wor! according to the guidelines and agreed methods. *lans can be implemented only when the actual wor! stars. 'hus# leading initiates action. .- Austains action: - Direction# many li!e leading initiates a but these directions have to be repeated if the action has to go on. 2eading on the other hand ensures that the action goes on and course corrections are done automatically by the followers because of their innate belief in the goal being something desirable to follow. /- 3ntegrates efforts: - though leading# the superiors are able to guide# inspire# and instruct the subordinates to wor!. :hen every employee team leader# and division leader !nows that his reaching the goal is depends on others effort# there is a natural flow of inter team and interdepartmental information. 3f you had been directing# this relation will not only forced but also monitored. 3ntegrates is much easier and far more effecting through leading. 1- Beans of motivation: - 2eading helps in achievement of goal. A manager ma!es use of the element of motivation to improve the performances of subordinates. 'his can be done by providing incentives or compensation# whether monetary or non-monetary# which serves as a ?morale booster@ to the subordinates. Botivation is also helpful for the subordinates to give the best of their abilities. ;- *rovides stability: - Atability and balance in a concern becomes very important for a long term survival in the mar!et. 'his can be brought upon by the managers with the help of four tools or elements of leading function =udicious blend of persuasive leadership# effective communication# clear
performance goals# and efficient motivation. Atability is very important since that is an inde of growth of an enterprise. <- )opes with the changes: - it is the role of the manager to communicate the nature and contents of changes required for reaching the goal very clearly to the subordinates.
Question-/ ,(- :hat are the characteristics of leading& Answer :- 2eading is the heart of management process. 2eading can be defined
as the process of setting direction# creating alignment# and creating engagement to deliver high productivity and to facilitate change. Directing can be defined as the process by which the managers instruct# guide# and oversee the performance of the wor!ers to achieve predetermined goals. 'here is some characteristics of leading.
Question-1 ,A- Define organisation behaviour ,E(-. Answer :- Erganisational (ehaviour ,E(- is the study and application of !nowledge
about how people# individuals# and groups act in organisation. 3t does this by ta!ing system approach. 'hat is# it interprets people# whole group# whole organisation# and whole social system. 3ts purpose is to build better relatitionships by achieving human ob=ectives# organisational ob=ectives# and social ob=ectives. Erganisational behaviour ,E(- encompasses a wide range of topics such as:
Erganisational behaviour ,E(- can be define as a systematic study that investigates the impact of individual# groups and organisational factors on productivity to include effectiveness and efficiency# absentee# turnover# organisational citi9enship behaviour and =ob satisfaction. 'he definition also gives us the three framewor! of studying organisational behaviour ,E(- that is individual level# group level and organisational level.
Question-1 ,(- what are the limitation of organisation behaviour ,E(-& Answer :- Erganisation behaviour has so many benefits but there are some
limitation also. Aome of them are as follow: ,1- Erganisation behaviour ,E(- is not a remedy for the removal of conflict and frustration but can only reduce them. ,.- 3t is only one of the many systems operating within a large social system. ,/- 'here is a great danger of organisation behaviour ,E(- when in the hand o people who lac! system understanding. 'hey tend to loo! only at the +behavioural basis" which gives them a narrow view point. 'his tunnel vision often lead to
satisfying employee e periences while overloo!ing the broader system of an organisation in relation to all its public. ,1- 'he law of diminishing returns also operates in the case of organisational behaviour. 4or e ample# too much of freedom and security could lead to less employee initiative and growth after reaching a level and to complacency after that. 'his relationship shows that organisational effectiveness is achieved not by having more and more of a particular factor but appropriate level of it. ,;- 'he ethical standards of those in charge and those who use organisation behaviour ,E(- techniques are a great concern. 3ts !nowledge and techniques could be used to manipulate people without regard for human welfare. *eople who lac! ethical values could use people in unethical way.
Question-; ,A- :hat is the meant by emotional intelligence& Answer :- 3n humans# emotional involves physiological arousal# e pressive
behaviour and conscious e periences. Emotion is a comple physiological in an individual"s state of mind and created by interaction of internal and e ternal influences. Emotion is associated with mood# temperament# personality# disposition and motivation.
Question-; ,(- :hat is the impact of emotional intelligence on managers& Answer :- 'he most popular and accepted mi ed model of emotional intelligence
,E3- is the one proposed by 0oleman ,155;-. %e viewed E3 as a sum of personal and social competences. *ersonal competences determine how we manage ourselves# whereas social competence determines how we handle our interpersonal relationships. Dew to snow E3 means ?emotional intelligence is the capacity for recognising our own feeling and those of other# for motivating ourselves# for managing emotions well in ourselves and in our relationships.@
Question-< Auppose you are the team manager in a multinational company with team strength of 1D members. 7ou are given the responsibility of ensuring that the team given e cellent performance or result. :hat are the !ey issues you have to handle in team building& Answer :- All managers strive to improve their performance and business results
and they consider teamwor! to be crucial for it. Ao# you have teams for continuous improvement# total quality# lean manufacturing# customer# complaints# product development# etc. yet most managers are also not happy with the way the teams" unction. 2ets us see how 3 can create teams which can give me e cellent performance or result.
4ollowing are some !ey issues which would help me in team building:
a- %ave clear e pectations and conte t: - %ave clear performance targets and e pectations from the team. 'he team should get sufficient resources people# time and money. 'heir wor! should receive sufficient emphasis as a priority in discussions. 'his ma!es the team feel that they matter and then them perform. A classic e ample is the Heliance team which was directly supported by Dhirubhai Ambani. Equally important is that the team understand the role and importance of their wor! and its strategic importance. b- )ommitment: - All team members may not be equally committed. 4irst# ensure that all the members believe in the mission and anticipate recognition for their contribution. 'hey e pect their s!ill to grow and develop and they should feel e cited and challenged by the opportunity. Enly then does a team wor! well. 'hose without commitment are better out of the team. c- 'eam design and competence: - 'he ne t important aspect is having adequate competences. 3f the team is to improve a process# it should have people with e pertise in each step of process. 'herefore# it is not sufficient to get some people together. (ut it is necessary to get people with the requisite competences. 3f one fail in this# the team may not perform or underperforms. 'he tem design should be such that the competencies required to accomplish the tas! are included. d- )harter of performance: - 'he team should ta!e the assigned responsibility as its mission. 'his is the cru of a successful team. 3t must define its goals# the outcomes# the timeline# measuring success# and the process to accomplish tas!. e- )ontrol and coordination: - any management function wor!s through controls and coordination and teams are no e ception. 'o succeed# the team should have sufficient freedom and a mechanism for self regulation and coordination. Ene of them challenges in doing it is the interdepartmental nature of the team and the interdepartmental conflicts which are often ta!en to the team usually by denying a resource or an appropriate s!ill. 'he top management can address this challenge through incentives and motivation. f- )ollaboration and communication: - 'he team goals should be a collaborative one and not a competitive one. 'his would lead to their understanding and interpreting the goals correctly. 'he team should also establish norms so that collaboration becomes easy. )ommunication is a common problem in team building. 'he barriers to communication should be bro!en down and free flowing communication should be established. Despite all these# conflict does e ist due to several barriers. g- )reative innovation and cultural change : - depending on the problem# the. 'eam should be able to innovate and they should have the freedom to do so. 'eams can function only if the organisation has such a culture. 'eams need flat organisational structure# rewards and recognition# and training and development of a high order. h- )onsequences: - 'eam member should eel responsible and accountable for the achievement and they should inherently get the idea of consequences
of not achieving it. Heword is one of the important factor to be considered to achieve this.