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Discuss the short run supply curve of a firm and long run supply curve of an industry operating in a perfectly competitive situation?

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UNIVERSITY OF KERALA INSTITUTE OF DISTANCE EDUCATION 2 YEAR MBA PROGRAMME I SEMESTER ASSIGNMENTS INSTRUCTIONS: 1. Assignments should be written in own hand writing and submit the same on or before 10- 11-2010 to the Coordinator, MBA –IDE programme, IMK, University of Kerala, Trivandrum 695034. No assignments will be received at the office of the IMK after the above date and those sent after the date will not be evaluated. 2. Each assignment should be written in about 10 pages and the problems needs to be solved as per the procedure. 3. Each subject assignments will be evaluated for 15 marks. MBAD 101 Principles of Management 1. a) “Strategic planning is the only option in a fast changing environment”. Discuss? b) Managers cannot be rational decision maker in real life situations. Discuss? c) What is organizational structure? Explain the major determining factors of an organizational structure? d) Explain the term “decentralization of authority”. Discuss briefly the various barriers to its effective use in organization? e) “Control and Coordination are related but are different functions” comment? 2. Since 1994 Boeing began the process of remaking the company for the next round of aircraft purchases. Every part of the company is involved, from engineering to manufacturing. The focus of the change is that Boeing is a manufacturing company rather than an engineering and technology company. Due to changes in the air travel business, the major commercial airlines are demanding lower airplane prices and significantly lower operating costs. Airbus continues to be a fierce competitor, so Boeing must meet the competition early and on every front. (Boeing bought McDonnell Douglas in 1997).It is not as if the company is in financial trouble. Its new model, the 777, is generating lots of orders, plants are in the works for a new supersonic and another jumbo jet for commercial sales, and several new project possibilities exist for the defense division. The new…

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