Z SVKMPS NMIMS ANIL SURENDRA MODI SCHOOL OF COMMERCE ‘AcademicYear: 2016-2017 Program B.Se. (Fin.) Year: I Semester: I Subject: Principles of Management Batch: 20162019 Date : 23/11/2016 ‘Time:2 Hirs.(11.00am to 01.00pm) . No. of Pages: 2 ae FINAL EXAMINATION Instructions: Candidates should read carefully the instructions printed on the question paper and on the cover of the answer book, which is provided for their use. Note: 1. Question No.1 and 2 are compulsory. 2. Out of remaining questions, attempt any 3 questions. 3. Inall 5 questions are to be.attempted. 4. Answer to each new question to be started on a fresh page. 5,_ Figures in brackets on the right hand side indicate full marks. QL. Answer (any 3) (OSquestions x 05 marks = 15 Marks) a. Highlight the various contributions made by F.W. Taylor which are classified under Scientific ‘Management. b. Explain the term coordination along'with the types of coordination. ¢. Explain the divisional structure with its advantages and disadvantages. 4d. Write a note on Human Resource planning. ¢. Explain, in detail, the controlling process. Q2. Case Study (OSquestions x 05 marks = 15 Marks) NESTLE India is a subsidiary of NESTLE S.A. of Switzerland. With eight factories and a large ‘umber of co-packers, Nestlé India is a vibrant Company that provides consumers in India with food and beverages products of global standards and is committed to long-term sustainable growth and sharcholder satisfaction. The Company insists on honesty, integrity and fairness in all aspects of its business and expects the same in its relationships. This has eamed it the trust and respect of every strata of society that it comes in contact with and is acknowledged amongst India's ‘Most Respected ‘Companies’ and amongst the "Top Wealth Creators of India’. At Nestle, Leadership Development starts from selecting the right person for theright job. This aspect is applicable in all selections including internal selection, Campus Trainees and lateral hires. Nestle receives application through cRecruiting solution. Candidate may search through jobs and apply to ‘What excites him or her by filling the application form online. Yo‘After the application is received, they analyse the CV and background to measure the match against the role profile. A ficr initial screening, the candidates are evaluated with the help of a battery of tools like written tests, group activities etc. The shortlisted candidates then appear for selection interview. ‘The interview round is a series of individual interviews with Human Resources team and/or functional experts — either by phone, on-line or face-to-face interview. The selected candidates then go through an induction program. Questions: a. Apart from the’ recruitment source used above, what are the other sources of recruitment available to the company? b. Explain the benefits and limitations of staffing process at Nestle. c. To lead a team of employees hired through the process, as in case study, which leadership style (cut of Autocratic, Consultative, Participative and free rein) is most appropriate and why? Q3. Explain the term ‘Management’ along with its characteristics. Also, Explain why Management is both an Art anda Science. (10 Marks) 4. Explain.the term ‘Planning’ along with its characteristics. Also, elaborate on the various types of plans. Support your answer with examples. (10 Marks) 5 (a) Complete the table: (05 Marks) [ “Advantages [Disadvantages | se _ (ist any 2) (List any 2) = a. Centralization b. Decentralization (®) Differentiate between: Delegation of Authority and Decentralization (05 points) __(0SMaarks) Q6. Explain the concept of Motivation’. What are the various motivational tools and techniques available to organizations today? (10 Marks) Q7. Explain the various reasons why Individuals and Organizations resist change. Also, explain the process of change. (10 Marks) Jr