Business Study Expected Question - 12th, BBA, MBA

Q - What is organizing?
A - Organizing refers to the formal grouping of people and activities facilitate achievement of the firm‟s objectives.
Organizing may be defined as the process of
i) Identifying and classifying the required activities i.e. Job Design
ii) Grouping the work to be performed i.e., Departmentation
iii) Defining and delegating responsibility and authority i.e. Delegation of authority
iv) Span of Control

Q - What is the purpose of the Organization?
A - • Facilitates Administration
• Increases the efficiency management
• Stimulates creativity and innovation
• Facilitates growth and diversification and
• Facilitates coordination and communication.

Q - Define Organization.
A - An identified group of people contributing their efforts towards the attainment of goals is called an organization. The organization is the process of establishing relationships among the members of the enterprise.

Q - Define forecasting.
A - Forecasting is the process of predicting future conditions that will influence and guide the activities, behavior, and performance of the organization. EG: forecasting the output by the sales department.

Q - What is tows metrics?
A - The tows metrics is a conceptual framework for a systematic analysis, which facilitates matching the external threats and opportunities with the internal weakness & strength of the organization.
In the tows metrics „T‟ stands for threat‟s‟ O stands for opportunities „W‟ for weakness and „S‟ for strength.

Q - What are the three approaches in selecting an alternative?
A - 1. Experience
2. Experimentation
3. Research and Analysis

Q - Define Decision Making
A - Decision Making is defined as selection of a course of action from among alternatives. It is the core of planning. A plan cannot be said to exist unless a decision – a commitment of resources, direction, or reputation has been made. Until that point, there is only planning studies and analysis.

Q - Name the classification of planning premises?
A - 1. Internal and external.
2. Tangible and intangible premises.
3. Controllable and uncontrollable premises.

Q - Steps involved in strategic planning:
A- 1. Mission and objectives.
2. Environmental analysis
3. Corporate analysis
4. Identification of alternatives.
5. Strategic decision making
6. Implementations review & control.

Q - Define strategy?
A - A strategy may be defined as a special type of plan prepared for meeting the challenges posed by the activities of competitors and other environmental forces.

Q - Definitions of MBO?
A - KOONTZ &WEIHRICH: Management by objectives (MBO) is defined as a comprehensive managerial system that integrates many key managerial activities in a systematic manner and that is
consciously directed towards the effective and efficient achievement of the organizational and individual objectives.

Q - Explain in brief about the two approaches in which the hierarchy of objectives can be explained?
A - There are two approaches in which the hierarchy can be explained.

1. top-down approach
2. bottom-up approach

In the top-down approach,
the total organization is directed through a corporate objective provided by the top-level management.

In the bottom-up approach,
the top-level management needs to have information from lower level in the form of objectives.