Briefly describe various managerial processes and explain major elements of any two of them with suitable examples.

XIBMS – Business Management XIBMS – Business Management What are the characteristics of a professional manager? Briefly discuss the profile of various tasks performed by a professional manager in an organisational set-up, with suitable examples. \”A decision maker may not have complete knowledge about decision alternatives, outcome of chosen alternative. These conditions of knowledge are often referred to as \’States of Nature\’\”. Elaborate on the state and discuss the underlying concepts with suitable examples. Why is communication important for smooth functioning of an organisation? Explain with examples, the various channels of formal and informal communication in an organisational set-up. What is delegation? What are the basic elements of delegation of authority and problems faced in doing so in an organisational set-up? Explain with suitable examples. Write short notes on any three of the following: (i) Leadership styles (ii) Group formation (iii) Conflict Handling Strategies (iv) Building Interpersonal Skills (v) Span of control and Managerial levels Briefly discuss the various managerial skills. Discuss with suitable examples the interplay between the different skills and contextual domains. Describe the various channels of communication in an organization. What are the characteristics of grapevine as summarized by Keith Davis? What is \’control\’ in context to an organization? Explain the prerequisites and characteristics of an effective control Do you agree with the statement \”Delegation of authority is not same as Division of work”? Explain the various elements of Delegation. What do you understand by Line and Staff relationships? What is Matrix structure of Organization? Explain the concept of MBO. Describe its key features and critically analyze the extent of feasibility and usefulness of MBO in the present day business scenario. Briefly describe various managerial processes and explain major elements of any two of them with suitable examples. How do conflicts get generated in an organizational situation? How does it impact the group behavior and functioning of the organization? Explain with relevant examples. What is `management’? Discuss the importance of management in modern business organisations. \”Decision making is the primary test of management.\” Discuss this statement and explain the process of decision making. What are the tasks a manager has to perform while functioning in an organisation ? 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