Discuss Maslow’s Need Hierarchy theory of motivation.
Maslow’s need hierarchy theory of motivation was given by Abraham Maslow. It is based on human need.
The main assumptions of Maslow’s need hierarchy theory are:
Maslow has explained his theory as a hierarchy of five needs that are explained below:
1. Basic physiological needs: These are the basic needs, which a person is required to satisfy in order to survive. Hunger, thirst, shelter, sleep are some of the examples of these needs. In an organisation, basic salary helps to satisfy these needs.
2. Safety/security needs: These needs are concerned with physical, economical and social security, in the form of job security, stability of income, etc.
3. Affiliation/belongingness/social needs: These needs are concerned with affection, sense of belongingness, acceptance and friendship. It is fulfilled when employees have cordial relations with colleagues.
4. Esteem needs: These needs include factors such as self-respect, status and recognition. When these needs are fulfilled through a job title, it enhances self-confidence and prestige of employees.
5. Self-actualisation needs: It is the highest level of need in the hierarchy. It arises after the satisfaction of all previously discussed needs. These needs include growth, self-fulfillment and achievement of goals.
What are the steps taken by management in the planning process?
Why is management considered to be a multi-dimensional concept?
Explain the procedure for selection of employees.
How would you characterize the business environment? Explain with examples, the difference between general and specific environment.
Indian Railways has launched a new broad gauge solar power train which is going to be a path breaking leap towards making trains greener and more environment friendly. The solar power DEMU (Diesel Electric Multiple Unit) has 6 trailer coaches and is expected to save about 21,000 liters of diesel and ensure a cost saving of Rs 12, 00,000 per year. Name the objectives of management achieved by Indian Railways in the above case.
The government of India announced Demonetization of ₹ 500 and ₹ 1,000 currency notes with effect from the midnight of November 8, 2016. As a result, the existing ₹ 500 and ₹ 1,000 currency notes ceased to be legal tender from that date. New currency notes of the denomination of ₹ 500 and ₹ 2,000 were issued by Reserve Bank of India after the announcement.
This step resulted in a substantial increase in the awareness about and use of Point of Sale machines, e-wallets, digital cash and other modes of cashless transactions. Also, increased transparency in monetary transactions and disclosure led to a rise in government revenue in the form of tax collection.
a. Enumerate the dimensions of the business environment highlighted above.
b. State the features of Demonetization.
Define scientific management. State any three of its principles.
Explain the qualities of a good leader? Do the qualities alone ensure leadership success?
Discuss the relevance of Taylor and Fayol’s contribution in the contemporary business environment.
Management is a series of continuous interrelated functions. Comment.
Define current assets? Give four examples of such assets.
Who can file a complaint in a consumer court?
Do you think management has the characteristics of a full-fledged profession?
‘Human resource management includes many specialized activities and duties.’ Explain.
Explain the process of motivation with the help of a diagram.
List any two indicators of growth of an organisation.
Describe the functions of labeling in the marketing of products.
Discuss the relevance of Taylor and Fayol’s contribution in the contemporary business environment.
How does branding help in creating product differentiation? Does it help in marketing of goods and services? Explain.
Explain the principle of ‘Scalar Chain’ and gang plank.