MGT503 FINAL TERM SOLVED PAPERS -

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MGT503 FINAL TERM SOLVED PAPERS

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Principles of Management:

Modern management ensures the creation of competitive advantage through people: A. Top performing companies recognize the importance of how they treat their workforce. B. These companies use ideas such as employee satisfaction, selective hiring, performance-based high wages, reducing status differences, information sharing, separate teams and training and skill development.

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A process represents the ongoing functions of the primary activities that managers engage in. These features Investing in people will create long-term competitive advantages that are difficult for others to achieve companies to duplicate. D. Good management practices can yield substantial benefits in sales, revenue, and customers satisfaction. E. Poorly performing companies that have adopted management techniques as simple as setup expectations, coaching and rewards have been able to substantially improve ROI.Why study management.

MGT503 FINAL TERM SOLVED PAPERS:

However, this simple statement does not tell us much. We define management as the process of coordinating and integrating work activities so that they are completed effectively and efficiently with and through other people. Let’s look at some specific parts of it definition. Management is important to our society, industry and government organizations.