This exam paper, for BUAD 801 - Management Theory and Practice (Master in Business Administration, 2025 May Semester Examination), covers key concepts in management and leadership.

This exam paper, for BUAD 801 - Management Theory and Practice (Master in Business Administration, 2025 May Semester Examination), covers key concepts in management and leadership.

The main topics addressed are:

• Management Approaches: Classical and human relations approaches.
• Management Functions: Interdependence and impact of mismanagement.
• Leadership and Management: Overlap, good leadership's responsibility for managing, and characteristics of leaders (generating and sustaining trust).
• Management By Objectives (MBO): Process, pros, cons, and effectiveness improvement.
• Business Strategy: Ways businesses use marketing for competitiveness, and the role of differentiation and innovation.