Question 1. Why are managers important for organizations? Explain a managers role in terms of the lessons you learned in chapter 1. Make sure to use an example of a real-life manager (any position from Director, MD, CEO) and compare his/her contribution for the organization in terms of four managerial functions discussed in class.

Question 2. Suppose you are deciding to buy a new Television for your family. In this decision-making which approach do you prefer to use Rational Decision-Making Approach or Bounded Rationality? Discuss your preferred approach in terms of the assumptions and conditions of both decision-making approaches discussed in class.

Question 3. Visit websites of 5 different companies. Find out the missions for each of these companies and write in your own words what goals these companies want to achieve, are these strategic goals or operational goals? Short term or long-term goals and directional or specific goals?

Question 4: Winpros joint CEO Girish Paranje and Suresh Vaswani have resigned (forced resign) after the company failed to meet analysts estimates in third quarter of FY2010-11. Do you think managers should be soul bearer of responsibility when a company fails? Is it only a managers decision that decides company success or failure? Discuss your opinion based on your knowledge and lessons taught in chapter 7.

Question 5: Compare the organizational structure of Google, Nestle, 3M, Intel, Unilever and Partex. Based on what you learned in chapter 11, how would you define each of the organization? Contemporary or Traditional? How did you decide? What are the characteristics that you have considered while deciding?