Reasoning that any goal-oriented organization consisting of thousands of individuals would require the carefully controlled regulation of its activities, the German Sociologist Max Weber developed a theory of bureaucratic management that stressed the need for a strictly defined hierarchy governed by clearly defined regulations and lines of authority. For Weber, the ideal organization was a 'bureaucracy' whose activities and objectives were rationally thought out and whose divisions of labour were explicitly spelled out. Weber also believed that technical competence should be emphasised and that performance evaluation should be made entirely on the basis of merit. Today, we often think of bureaucracies as vast, impersonal organizations that put impersonal efficiency ahead human needs. We should be careful, though, not to apply our negative connotations of the word 'bureaucracy' to the term as Weber used it. Like the scientific management theorists, Weber sought to improve the performance of socially important organizations by making their operations predictable and productive. Although we now value innovation and flexibility as much as efficiency and predictability, Weber's model of bureaucratic management clearly advanced the formation of huge corporations such as Coca-Cola and Exxon. Much in classical organization theory has endured. For example, the concept that management skills apply to all types of group activity has, if anything, increased in importance. The concept that certain identifiable principles underlie effective managerial behaviour and that these principles can be taught also continues to be valid. Although classical organization theory has been criticized by other theorists, it has been well received by practicing managers for some time. This may be because classical organization theory helped isolate major areas of practical concern to the working manager. Above all, the classical organization school made managers aware of the basic kinds of problems they would face in any organization. Classical organization theory has been criticized on the ground that it was more appropriate for the past, when organizations were in a relatively stable and predictable environment, than for the present, when organizational environments are more turbulent. For example, classical theorists insisted that managers maintain their formal authority, but today's better educated employees are less accepting of formal authority, especially when it is applied arbitrarily.

1. Explain the bureaucratic management theory as propounded by Max Weber.

2. Why did Max Weber want to improve the performance of socially important organizations

3. Explain why Classical Organization Theory has been well received by practising managers

4. State the contributions of Max Weber to Management.

5. What are the limitations of the Classical Organization Theory

6. Explain the concept of Consumer's surplus.

7. Discuss Douglas McGregor's theory on motivation.

8. Explain some typical on-the-job training techniques.

9. Discuss future of Trade Unions in India.

10. State the methods of risk-analysis with reference to capital budgeting decision.

11. State the reasons for merger.

12. State the different techniques used in sales promotion.

13. Explain the role of segmentation in marketing.

14. Point out the benefits of Queuing Theory.

15. Differentiate between Correlation and Regression analysis and give their properties. Explain the method of testing the significance of Correlation Coefficient.

16. Discuss the importance of a clear business strategy.

17. Define a analysis and describe how to carry one out.

18. Discuss the role played by Government in the promotion of small business.

19. Examine the process of business opportunity identification.

20. Explain ethical issues involved in corporate governance.

21. Discuss industrial dispute settlement machinery in Indian context.

22. Discuss the role of potential appraisal in Human Resource Management.

23. Discuss new trends in compensation and benefits.

24. Explain the important reasons why incentive plan fails.

25. Discuss the grievance redressal system in Indian organisations.

21. Critically examine the concept of marketing myopia.

22. Explain the nature and scope of marketing.

23. Discuss the role and relevance of Public Relations in contemporary marketing world.

24. How do you analyse Business Potential

25. Discuss the meaning and role of Branding.

21. Explain the concept and measurement of risk and return of single asset and of portfolio.

22. "Sensitivity analysis as a tool of risk-analysis is superior to simulation technique of risk-analysis for capital budgeting decision." Comment.

23. "The final implications of both Walter-Model and Gordon-Model are same for dividend-distribution." Discuss and comment.

24. Explain the factors determining the value of an option.

25. "Exposure of corporates to risk has increased over a period of time." Explain in brief the main guidelines for risk-management.

21. What are the Trade Agreements India is having with other countries

22. Examine the significance of export-oriented units in India.

23. How do you measure exchange risk

24. Explain the mechanism of determining exchange rates.

25. Explain the dispute settlement mechanism in international trade.

26. Discuss the superiority of collective bargaining over other methods of decisionmaking and explain the recent trends in collective bargaining.

27. Explain the planning and execution of Advertising.

28. "Proper financial analysis can provide early warning signals about the health of the organisation." Elaborate.

29. Identify the emerging opportunities for global business.