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This particular Assignment references the syllabus chosen for the subject of Management, for the July 2024 - January 2025 session. The code for the assignment is MMPC-01 and it is often used by students who are enrolled in the MBA (New), MBF (New), MBAHM, MBAFM, MBAMM, MBAOM Degree.
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Read the following case study carefully.
XYZ Corporation: Navigating Through Change
XYZ Corporation is a mid-sized company specializing in consumer electronics. Over the past decade, XYZ Corporation has seen significant growth due to its innovative products and strong market presence. However, recent changes in the market, increased competition, and technological advancements have put pressure on the company to adapt and evolve. The company's CEO, Mr. Rajesh Kumar, has decided to implement a series of strategic changes to maintain the company's competitive edge. These changes include:
• Restructuring the organization to improve efficiency.
• Introducing new technology to enhance product development.
• Expanding into new international markets.
• Developing a stronger online presence.
Questions:
a. Management Functions:
1. Identify and describe the four fundamental functions of management as they pertain to the case study.
2. Provide specific examples from the case study where XYZ Corporation demonstrates each of these functions.
b. Management Theories:
1. Select two management theories and explain their relevance to the changes being implemented at XYZ Corporation.
2. Discuss how these theories can be applied to enhance the effectiveness of XYZ Corporation’s management strategy
c. Leadership Styles:
1. Analyze the leadership style of CEO Mr. Rajesh Kumar based on the case study. Is he more of an autocratic, democratic, or laissez-faire leader? Provide evidence from the case study to support your analysis.
2. Recommend an alternative leadership style or approach that might be effective for XYZ Corporation in navigating through these changes. Justify your recommendation.
d. Change Management:
1. Discuss the challenges that XYZ Corporation might face in implementing these strategic changes. How can the management team address employee resistance to change?
2. Propose a change management model that would be appropriate for XYZ Corporation. Explain how the chosen model can be applied in this scenario.
Format:
Your analysis should be 3,000 to 4,000 words in length.
Evaluation Criteria:
o Demonstration of understanding of management functions and theories.
o Application of theories to the case study.
o Quality and depth of analysis.
o Clarity of communication and organization of content.
Note: You are encouraged to use additional resources and real-world examples to support your analysis. Critical thinking and originality will be highly valued in your responses.
Grading Rubric:
1. What is the meaning and definition of management and describe its characteristics. How does management differ from administration and discuss the challenges faced by the management.
2. Briefly describe the nature of Planning Process and its necessity for an organisation. Explain different types of planning and their requirement.
3. Describe and discuss modern theories of leadership. What is the difference between successful and an effective leader? Explain with examples.
4. Describe different types of managerial decisions and the steps and the techniques used for decision making. Discuss Individual Vs Group decision making.
5. Describe the importance of organisational communication and the barriers to effective communication. How can organisations take precautions to make communication effective? Discuss with examples.
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