Fundamentals of Management

Course Code : BUS 111

Student Name: Usaid Muffasil
Roll # : 32533
CGPA: 3.21
Assignment # 1:
Submission Deadline: Wednesday 09, August 2023

Iqra University Islamabad Campus

Go to the following website and attempt the test
https://www.truity.com/test/big-five-personality-test-short

Q: 1 Paste your test score:

 Openness 87.5%
 Conscientiousness 44%
 Extraversion 75%
 Agreeableness 73%
 Neuroticism 62.5%

Q: 2 Explain your personality type in light of score you obtained and pasted above

Based on the personality test scores:

1. Openness (87.5%):A high score in Openness means that I am imaginative,
curious, and open to new experiences. I enjoy exploring different ideas,
cultures, and perspectives. I am drawn to creative activities and have a
willingness to challenge conventional thinking. High Openness score
indicates that I am open-minded, adaptable, and receptive to change.

2. Conscientiousness (44%): Conscientiousness score suggests that I possess

a moderate level of self-discipline, organization, and goal-oriented
behavior. I am responsible and able to manage my tasks effectively. I am
not rigidly structured but still exhibit a good degree of reliability and a
sense of duty.

3. Extraversion (75%): With a moderate Extraversion score, I fall

somewhere between introversion and extroversion. This indicates that I
might enjoy social interactions and spending time with others, but I also
value my alone time. I am likely able to adapt to different social situations,
but may occasionally prefer solitary activities to recharge.

4. Agreeableness (73%): Agreeableness score suggests that I am generally

friendly, compassionate, and cooperative. I am likely considerate of others'
feelings and strive to maintain harmonious relationships. I prefer
compromise and collaboration over confrontation. My agreeable nature
makes me approachable and empathetic.

5. Neuroticism (62.5%): With a moderate score in Neuroticism, I experience

occasional emotional fluctuations and stress, but I am not overly prone to
anxiety or negative emotions. I am able to handle challenges and setbacks
with a reasonable level of resilience. While I may have moments of self-
doubt or worry, I generally maintain a stable and positive outlook.
Q: 3 Explain which Characteristics Make an Individual a Good Manager?

A good manager possesses a combination of various characteristics that enable

them to effectively lead and guide their team towards success. Some of these key
characteristics include:
•Effective Communication: Good managers are skilled communicators.
They can convey their ideas clearly, actively listen to their team members, and
provide feedback in a constructive and respectful manner.
•Leadership Skills: Strong leadership qualities are essential. Good
managers inspire and motivate their team, setting a positive example through their
actions, and guiding their team towards common goals.
•Empathy and Emotional Intelligence: A good manager understands and
values the emotions and perspectives of their team members. This helps them
foster a positive work environment, build trust, and handle conflicts effectively.
•Adaptability: The ability to adapt to changing situations and
environments is crucial. A good manager remains flexible, open to new ideas, and
is willing to adjust their approach as needed.
•Problem-Solving Skills: Managers often face challenges and obstacles.
Strong problem-solving skills allow them to identify issues, analyze them, and
come up with effective solutions to keep the team moving forward.
•Decision-Making: Making informed and timely decisions is vital. Good
managers weigh available information, consider the impact on their team and
organization, and take responsibility for their choices.

Q: 4 Determine the most admirable, desirable, or instructive Managerial

personality in your industry, e.g., media management
1. In the field of media management, a personality often admired, desirable,
and instructive is that of Ted Sarandos, the Co-CEO and Chief Content
Officer of Netflix. Sarandos's managerial style stands out for several
reasons:
2. Innovative Vision: Sarandos is known for his forward-thinking approach.
He revolutionized the way content is consumed by championing the
streaming model, which disrupted traditional media distribution channels.
3. Risk-Taking: He is willing to take calculated risks. Under his leadership,
Netflix invested heavily in original content, a move that was initially met
with skepticism but ultimately paid off, making Netflix a major content
producer.
4. Data-Driven Decision Making: Sarandos's emphasis on data-driven
decision-making is notable. He relies on data analytics to understand
audience preferences, helping Netflix create content that resonates with
viewers.
 5. Flexibility and Adaptability: He understands the importance of adapting
to change. As the media landscape constantly evolves, Sarandos's ability to
pivot and adjust Netflix's strategies accordingly has been a key factor in its
success.
6. Collaborative Leadership: Sarandos values collaboration. He works
closely with creative teams and encourages a culture of open
communication, allowing ideas to flow freely and fostering a sense of
ownership among employees.

Q: 5 From Management history lecture, choose one or two theories you

understand well and provide a little brief on it.

From the history lecture I remembered the Total Quality management. Total Quality
Management (TQM) is a management philosophy and approach aimed at improving the
quality of products, services, and processes within an organization.

Customer Focus: TQM emphasizes putting the customer at the center of all activities.
It involves understanding customer needs, expectations, and preferences to ensure that
products and services meet or exceed these requirements.

Continuous Improvement: TQM promotes an ongoing commitment to

improvement. It encourages organizations to identify areas for enhancement,
seek innovative solutions, and constantly refine processes to achieve higher
levels of quality and efficiency.

Employee Involvement: TQM recognizes that employees are a valuable source

of insights and ideas for improvement. Engaging and empowering employees at
all levels fosters a culture of collaboration, ownership, and accountability for
quality outcomes.

Process Orientation: TQM focuses on managing processes rather than just

individual tasks. Organizations map out their processes, identify bottlenecks,
eliminate waste, and streamline workflows to optimize efficiency and quality.