1. A college professor told her students, “The purpose of a management course is to teach students about management, not to teach them to be managers.” Do you agree or disagree with this statement? Discuss. 2. Suppose you are the team leader of your class project team in a management course. How will you play the interpersonal roles in successfully implementing the project? 3. What actions did Taylor take to ensure that the workers would perform to their full potential?
Critical Path Method
The critical path is the longest succession of tasks that has to be successfully completed to conclude a project entirely. The tasks involved in the sequence are called critical activities, as any task getting delayed will result in the whole project getting delayed. To determine the time duration of a project, the critical path has to be identified. The critical path method or CPM is used by project managers to evaluate the least amount of time required to finish each task with the least amount of delay.
Cost Analysis
The entire idea of cost of production or definition of production cost is applied corresponding or we can say that it is related to investment or money cost. Money cost or investment refers to any money expenditure which the firm or supplier or producer undertakes in purchasing or hiring factor of production or factor services.
Inventory Management
Inventory management is the process or system of handling all the goods that an organization owns. In simpler terms, inventory management deals with how a company orders, stores, and uses its goods.
Project Management
Project Management is all about management and optimum utilization of the resources in the best possible manner to develop the software as per the requirement of the client. Here the Project refers to the development of software to meet the end objective of the client by providing the required product or service within a specified Period of time and ensuring high quality. This can be done by managing all the available resources. In short, it can be defined as an application of knowledge, skills, tools, and techniques to meet the objective of the Project. It is the duty of a Project Manager to achieve the objective of the Project as per the specifications given by the client.
2. Suppose you are the team leader of your class project team in a management course. How will you play the interpersonal roles in successfully implementing the project?
3. What actions did Taylor take to ensure that the workers would perform to their full potential?
4. Based on Porter’s 5 forces model, give your analysis of the competitive structure of private university education in Bangladesh.
5. Coca-Cola Company, the world’s largest producer of carbonated drinks, has been operating in Bangladesh through licensing arrangements with a number of local companies like Mukti Jodha. Kallyan Trust and Tabani beverage. Recently, Coca-Cola has decided to have its direct operations in the country. Do you think this decision of direct investment in the country by Coca-Cola is justified? Explain.
6. Suppose you, along with few other friends, have decided to establish a business learning center for owners and managers of small businesses in Bangladesh. These small entrepreneurs, mostly do not have any formal business education. Prepare the three most important strategic goals for your organization and the tactical goals necessary to achieve these strategic goals.
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