ECO 03 Solved Assignment 2023-24
MANAGEMENT THEORY
ECO 03 Solved
Assignment 2023-24 : All assignments are in PDF format which would be send
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Assignment Code: ASST/ ECO 03/2023-24
Marks: 100
Attempt all the questions.
Q1. Describe the
importance of staffing function in an organisation. Do you agree that
combinations of written test and interview provide better result. Comment.
The staffing
function in an organization is crucial as it plays a pivotal role in acquiring,
developing, and retaining the right talent to achieve organizational goals.
Here are some key points highlighting the importance of the staffing function:
Talent Acquisition:
Staffing involves recruiting individuals with the right skills, knowledge, and
experience to fill positions within the organization. This ensures that the
company has the necessary human capital to carry out its operations
effectively.
Employee
Development: Staffing is not just about hiring but also about developing the
skills and competencies of employees. This includes training programs, career
development initiatives, and performance appraisal systems to enhance the
capabilities of the workforce.
Retention of
Talent: A well-planned staffing function contributes to employee satisfaction
and engagement, reducing turnover rates. This is crucial as retaining
experienced and skilled employees can save costs associated with recruitment,
training, and lost productivity.
Organizational
Performance: Staffing directly impacts the performance of the organization. The
right individuals in the right positions contribute to increased productivity,
innovation, and overall success.
Adaptation to
Change: In a dynamic business environment, organizations need to adapt to
changes in technology, market conditions, and competition. A robust staffing
function helps in identifying and acquiring talent that can adapt to and drive
change.
Regarding the
combination of written tests and interviews, it can be an effective strategy in
the hiring process, but its success depends on various factors. Here are some
considerations:
Comprehensive
Assessment: Written tests provide a standardized way to assess candidates'
knowledge and skills, while interviews allow for a more in-depth evaluation of
their communication skills, cultural fit, and interpersonal abilities.
Combining both methods can provide a more comprehensive view of a candidate's
suitability for a role.
Reducing Bias: Using
a combination of written tests and interviews can help mitigate biases that may
arise in either method alone. Written tests focus on objective criteria, while
interviews allow for a subjective evaluation, creating a more balanced
assessment.
Skill Validation:
Written tests are particularly useful for validating technical skills and
knowledge, while interviews assess interpersonal skills and problem-solving
abilities. The combination helps ensure that candidates possess both the
required expertise and the ability to apply it in real-world scenarios.
Resource
Efficiency: While the combination can offer a thorough evaluation, it's
essential to consider the time and resources involved. Striking the right
balance to achieve a comprehensive assessment without creating an overly
burdensome process is crucial.
In conclusion,
a combination of written tests and interviews can indeed provide better results
when carefully implemented and tailored to the specific needs of the
organization and the job roles in question.
Q2. What do you mean
by the terms centralisation and decentralisation? What are the advantages of
decentralisation? Distinguish between delegation and decentralisation.
Q3. a) Explain Fayol's
contribution to management thought.
b) What is meant by
span of control? Discuss various factors affecting span of control.
Q4. a) Explain the
various principles of coordination and discuss its limitations.
b) What is meant by
strategy? Explain the difference between strategy and objective?
Q5. Write short notes on the following:
a) Managerial grid
b) Communication
channels.
c) Administrative
management
d) Line organisation
ECO 03 Solved
Assignment 2023-24 : All assignments are in PDF format which would be send
on email/WhatsApp (9958676204) just after payment.
ECO 03 Solved
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