Organisation Behaviour - Harvey and Louis are Team leaders of team A and B respectively

Organisation Behaviour

1. Leadership is said to be a vital quality which is becoming very rare in the organisations. It would not be wrong if we say that it is a progression where an individual solicits the backing of other entities for the completion of mutual objectives. The leaders are the visionaries and also act as a catalyst in terms of influencing and inspiring others. Based on the above statements discuss the significance of leadership in any organisation. Conclude by answering that how the organisation would fare if leadership is not right

2. Harvey and Louis are Team leaders of team A and B respectively. Harvey is very open to feedback and does not let his perception rule his decision. He takes action based on facts and figures whereas Louis get carried away with his perception. Team A is very happy and motivated team which is clearly visible by their performance and just the reverse goes for team B. Louis takes aid from a self-help book where he reads about the managerial implications of perception. When he does a self-analysis he understood that all this while he was working totally under the influence of his perception. Louis decides to take a plunge and modify his behaviour. Discuss any three managerial implications of perception and conclude by stating that what could have made Louis change his way of behaving

3. Karan and Jacob are co-workers. They both are working in the same project but their work values are very different from each other. Karan belongs to GenX The X Generation and relies a lot on the team-work as well as its team&rsquos progression and upliftment, whereas Jacob is from GenY The Y Generation or the Millennial and for him self-reliance is more important. Though they share a great personal rapport they always are found having disagreements at work.

a. Explain the reason for their disagreement It is natural to have such disagreement, give concluding remarks for the Jacob.

b. Introduce the value system of your generation. Discuss the rest of the generations and their values

Business Economics

1. The concept of elasticity for demand is importance for determining the prices of various factors of production. Discuss the various factors that influences the price elasticity of demand.

2. Complete the hypothetical table below and explain in brief, the behaviour of each type of cost. 10 Marks

Quantity

Total Fixed Cost

Total Cost

Total Cost

Average Fixed Cost

Average Cost

Average Total Cost

Marginal Cost

0

0

1

25

2

40

3

50

4

60

5

100

80

6

110

7

150

8

300

9

500

10

900

3. Demand forecasting in an organisations plays a vital role in business organisations.

It provides reasonable data for the organization 's capital investment and expansion decision.

a. Keeping the above statement in consideration. Discuss the various steps involved in demand forecasting.

b. Discuss the various needs for demand forecasting in business organisations