BCOC-132 Business Organisation and Management

BCOC-132 Business Organisation and Management – IGNOU Assignment Answers

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BCOC-132 Business Organisation and Management – IGNOU Assignment Answers This post contains links to detailed answers for all questions from the BCOC-132 (Business Organisation and Management) assignment. Each answer is structured and written in easy-to-understand language, suitable for IGNOU students. How technology has impacted the business in today’s time, and what are its benefits? What […]

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What do you mean by dynamics of employer-employee relations ?

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Introduction The dynamics of employer-employee relations refer to the evolving and interactive relationship between an employer and the employees within an organization. These relations are fundamental to maintaining a productive, healthy, and legally compliant workplace. They influence motivation, morale, job satisfaction, and ultimately, organizational success. Main Body Meaning of Employer-Employee Relations Employer-employee relations involve all

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What do you mean by team effectiveness?

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Introduction Team effectiveness refers to the ability of a team to achieve its goals and objectives efficiently and successfully while maintaining a collaborative and satisfying work environment. In modern organizations, teamwork is critical for innovation, productivity, and problem-solving. Effective teams not only perform well but also foster individual growth and organizational development. Main Body Definition

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Why is forecasting so important for planning?

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Introduction Forecasting is the process of estimating future trends and outcomes based on current and historical data. It plays a crucial role in business planning as it helps managers anticipate changes, allocate resources, and set realistic goals. Whether in finance, marketing, production, or human resources, forecasting is an essential component of effective decision-making and strategic

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What are the features of Technological Innovation?

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Introduction Technological innovation refers to the development and implementation of new or improved products, processes, or services through the application of technology. It plays a critical role in shaping industries, enhancing productivity, and improving the quality of life. With rapid advancements in science and engineering, technological innovation has become a key driver of economic growth

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Elucidate the difference between Primary Market and Secondary Market?

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Introduction The capital market is an essential component of the financial system, facilitating the flow of funds between investors and businesses. It consists of two main segments: the primary market and the secondary market. These markets play a crucial role in raising capital, providing liquidity, and ensuring effective allocation of resources. Understanding the distinction between

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Explain Herzberg’s two-factor theory and differentiate it from Maslow’s theory of Need Hierarchy.

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Introduction Motivation is a critical factor in influencing employee behavior and productivity in the workplace. Several psychologists have developed theories to understand what drives people to perform and stay committed to their work. Two of the most prominent theories are Herzberg’s Two-Factor Theory and Maslow’s Hierarchy of Needs. Though both aim to explain motivation, they

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What do you mean by span of control? Discuss factors affecting span of control.

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Introduction In the field of management, the term span of control refers to the number of subordinates that a manager or supervisor can effectively manage and oversee. It is a crucial concept in organizational structure as it directly impacts communication, productivity, and the efficiency of operations. An optimal span of control ensures that the organization

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What are the objectives of a cooperative form of organisation? Explain its merits and limitations.

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Introduction A cooperative form of organisation is a voluntary association of individuals who come together to fulfill their common economic, social, and cultural needs through a jointly-owned and democratically controlled enterprise. Unlike traditional businesses that prioritize profits, cooperatives aim at serving the interests of their members. This form of organisation is popular in sectors like

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What is the main distinction between the economic activity and non-economic activity?

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Introduction Human activities are broadly categorized into economic and non-economic activities. These classifications are essential to understand the motivations behind various actions people undertake daily. While some activities are driven by the desire to earn income, others are based on personal satisfaction, emotions, or moral obligations. Recognizing the distinction between these two helps in better

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