MGT503 Final Term Subjective by Adnan Awan

MGT503 FINAL SUBJECTIVE · PREINCIPLE OF MANGMENT · BY ADNAN AWAN

Q49. Discuss different roles of a team leader? (3 marks)

There are four roles of team leader.

1. Liaisons with external constituencies
2. Troubleshooters
3. Conflict managers
4. Coaches

Q54. Discuss the Boston Consulting Group (BCG) matrix and explain its (10 marks)

usefulness in segmenting businesses. Discuss the characteristics for each

of the four categories based on the BCG matrix..

Answer

BOSTON CONSULTING GROUP (BCG) MATRIX:

The BCG matrix was developed by Boston Consulting Group. Its main purpose was to compare different businesses in an organization's portfolio on the basis of market share and market growth. It helps the organization in allocating resources to its various businesses.

Categories of BCG matrix:

The matrix defines four business groups. The SBUs plotted on BCG matrix can be classified as follows:

. Star:

Star has a high market share in a growing market.

. Cash Cow:

Cash Cow is an SBU which has high market share in a slowly growing market.

. Question Mark:

Have low market share in a growing market. They are the problem creators. . Dog: Has low market share in a low growing market.

Q51. Can individual be so much motivated that his/ her performance declines as a result of excessive efforts ? Discuss. (5 marks)

ANSWER

Yes, in certain case it’s true. If a person set goals too high for himself, he may end up Demotivating himself because of the failure to achieve the goals. When rewards are used by organizations as payoffs for better performance, the intrinsic rewards, which are derived from person doing what they like, are reduced. Due to excessive efforts, person loss the control over own behavior so that pervious motivation diminishes. The elimination of extrinsic rewards can produce a shifting from an external to an internal explanation in an individual’s perception of thinking that why he works on a task. Too much motivation make person to think differentiate themselves from others by their desire to do things better.

Q52. How can we implement Maslow’s Hierarchy of need theory in our life? Discuss in detail. (10 marks)

ANSWER

Maslow's Hierarchy of Needs is based on the assumption that people are motivated by a series of five universal needs. These needs are ranked, according to the order in which they influence human behavior, in hierarchical fashion. Physiological needs are deemed to be the lowestlevel needs. These needs but be Fulfilled

Safety needs

The needs for shelter and security

Social needs

Include the need for belongingness and love

Esteem needs

After social needs have been satisfied, ego and esteem needs

Self-actualization

the need for self-realization, continuous self-development, and the process of becoming all that a person is capable of becoming. In daily life if we translate this theory its discuss food is basic need of human being we should look into this basic need to motivate our workers Stability is equal to safety in malsow’s theory . friendship is equal to esteem in theory. Status and achievements esteem and achievement respectively. Above theory is used to motivate our works,. We also get guideline during our daily life. It provides us the path to look into needs of others.

Q53. How can a manager make the delegation process more effective? Give Logical reasons to support your answer. (10 marks)

Answer

DELEGATION:

Delegation is the assignment of part of manager's work to Others along with responsibility and authority. Effective Delegation: Delegation can be made effective in many ways:

• Trust: It is very important while delegating to have full trust in the subordinates. If manger lacks trust in subordinates he will always have a

threat of their failure.

• Training the subordinates: Delegation can be effectively done if

subordinates know what and how they have to do their work. For this they must be trained well.

• Manager's knowledge about delegation: While delegating manager

should know how to delegate i.e. how to take work from subordinates and which tasks should be assigned to subordinates.

Who are responsible for setting goals? Do you think different Managers

set goals, or one manager is responsible for it?

ANSWER

GOAL SETTING:

Goals are the desired outcomes for the individuals, groups or organizations. The success of an organization depends on its goals and how they are achieved. Goal setting is the responsibility of a manager. There are three managers at three different levels: . Top manager . Middle manager . First Line manager Each manager is responsible for setting goals at different level.

1. Top manager sets the strategic goals which are organization wide.
2. Middle managers set Tactical goals
3. First line managers set operational goals which are related to the operations of the organization.

But it is important

Q53. Do you think motivation comes from within a person or it is a result of the situation? (10 marks)

Explain in your own words. What is motivation

ANSWER

Motivation is the internal condition that activates behavior and gives it direction; and energizes and directs goal-oriented behavior Motivation comes from within. Very few people are highly motivated at work. Most people work at only a small fraction of their actual capabilities. Your Employer can create only motivational environment. It is up to you to motivate yourself. The highest levels of motivation come when we are in tune with our mind and thinking. Self-improvement is one of the best motivators because its comes from you inner feelings. Money Does Not Motivate. People adapt to the amount of money they are making that motivation is shortlived. Managers often try to motivate employees via promises of financial rewards and promotion but people likes motivators such as feeling valued and appreciated. People are motivated when they feel understood. True motivation only comes from within an individual but it can only be started from external factors.