Organizational Culture
June 2022 Examination
Q1. Briefly discuss the definitions of organisational culture. What are the pillars of organisational culture? Please substantiate your answer with a contextual example. (10 Marks)?
Answer 1.
Introduction
Culture essentially defines the rules and practices that permit the business to carry out its daily goal. Seeing that it would impact employees’ conduct, business subculture might be a key element contributing to organizational performance. This investigation, as an example, located that professional cultures might also foster a feeling of belonging, community-headedness, cooperation, and robust discussions. Organizational tradition is constructed of not unusual views and values extended by management and afterward “expressed and promoted via numerous Its Half solved only
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Q2. Culture eats strategy for breakfast, operational excellence for lunch and everything else for dinner. – Please elaborate your understanding of this narrative. Please substantiate your answer with a suitable example. (10 Marks)
Answer 2.
Introduction
The statement “culture eats strategy for breakfast” shows that regardless of how stable the overall business approach seems, average effectiveness could be hampered if coworkers no longer embrace the same suitable way of life. Each time it comes down to this now, the people wearing out the strategy also are the people who created or broke it. Pragmatically, no difference in anything corporate strategy or distinct targets users begins to integrate with the organization’s workforce. Its ordinary effectiveness usefulness could be hampered if, indeed, the environment
Q3. Absco Private Limited is a global telecom organisation, with operating presence across Africa, Asia, Latin America and Europe. Of late the organisation has embarked on embedding its value based leadership practise, across all operating entities. In the first quarter of embedding the value based leadership practise, there has been a spike in the number of whistle-blowing cases, especially on malpractices as well as on violation of the organisation values and workplace safeguarding issues. Respective HR teams have been swamped with many complaints and grievances, through a third party managed whistleblowing / grievance channel. This is quite unprecedented for the organisation at it has never experienced such large number of grievance and complaints cases.
- According to you, is there a direct link between the embedding of values based leadership practise and spike in the number of grievance and complaints cases? If so, why? (5 Marks)
Answer 3a.
Introduction
The value-based management is a system of management that announces that the management should make their thoughts and values further to those established in the employer. Those values are used within the motivation and route of the organizational culture and values. Those values
Qb. As the HR advisor, please can you outline the root cause analysis (RCA) of the situation and what are some of the key considerations that management should consider to address the underlying issues. (5 Marks)
Answer 3b.
Introduction
The root cause analysis is the system wherein the basis or the base of the problem has been found to resolve an unsolved problem. Many steps may be taken to resolve any hassle via understanding the purpose of a conflict between the seniors and the juniors
Marketing Strategy
June 2022 Examination
Q1. What are the steps involved in competitive positioning strategy? (10 Marks)
Answer 1.
Introduction
Competitive positioning is a strategy that includes the marketing team’s trying to distinguish a brand from its competition. It contributes to multiply product value, client retention, and multiplied sales. Every business seeks extra customers and, as a result, extra sales. Marketers create a variety of techniques to achieve positive objectives. They adjust antique strategies and develop new ones. The primary detail of attracting new clients is the advantages that one company can provide that others cannot. As a result, corporations ought to provide specific and Its Half solved only
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Q2. What are the ways through which the pricing strategy can be matched with value proposition? (10 Marks)
Answer 2.
Introduction
The organization should ship a compelling message to the market to match the charge method with the sturdy idea. The products should be commensurate with the price, and the services have to be notable. The cost offer ought to be there, as well as operational efficiency and price competitiveness. The pricing is neither too high nor too cheap, but it’s miles ideally in line with the product’s worth. Clients get hold of the wrong effect approximately the products when it’s far priced low. The pricing approach necessitates giving precise services to the proper customers. It
Q3a. What strategies are required to attract customers? (5 Marks)
Answer 3a.
Introduction
Customers are the lifeblood of our business; accordingly, improving patron happiness is vital. Customer churn is unavoidable, but the right food entrepreneurs will keep repeat purchasers. It expenses almost five instances as a lot to acquire a new client as it does to keep a current one.
Q3b. Explain BCG matrix with an example. (5 Marks)
Answer 3b.
Introduction
To be successful in business, strategic planning is wanted. As a result, the Boston Consulting organization has created a portfolio of product portfolios, additionally known as a boom matrix, to help companies with lengthy-term strategic planning. It assists companies in analyzing
June 2022 Examination
Q1. The phrase “Think globally, act locally” has been often used in various contexts. Comment on the same and give your opinion in which areas this term can be applied? (10 Marks)
Ans 1.
Introduction
The ‘think globally, act domestically’ concept was founded in 2015. The concept was taken from a book written by Patrick Geddes, who became a social activist. Each business organization is willing to enlarge its business more globally. The talk ‘thinks globally, acting domestically is crucial for each employer to move their corporations ahead more efficiently. Via this slogan, a significant segment of society is inspired. Those phrases had been used enough around the world to inspire greater. To start with, working domestically is considered a very vital step for all
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Q2. Countries like US have at times stated “America First” as their policy. Do you consider that our country should adopt “India First” policy? In this context explain how countries can create barriers to promote their own products. (10 Marks)
Ans 2.
Introduction
Donald Trump mounted a kind of policy in 2017 within the united states. This policy is America’s first policy. It’s far seemed as a non-income policy firm based with the aid of Donald Trump. He eas indexed in this policy for specific duties. He took an essential step for the country by adopting this kind of coverage for diverse sorts of development work. I think it would be a very crucial step to adopt such an India first coverage in our country, India, as in the case of America first. This policy will not only help the country to develop but also take ahead diverse
Q3. Read the following case study carefully and then answer the questions that follow:
India has been the home of Ayurveda. Ayurveda drugs have been a key player for medicines in India. Your company manufactures various Ayurvedic drugs, and its Ayurveda formulations have done well to recoup Covid 19 patients in India. In order to change the things in its favor to cash-in on the “Covid 19” the company wants to adopt a new strategy and market its products globally.
- Explain your strategy to launch Ayurveda products to global market during the pandemic? (5 Marks)
Ans 3a.
Introduction
Demand for Ayurveda products has grown considerably nowadays. Ayurveda capsules are taken into consideration as a medicine. This is vital in this pandemic scenario. Because the demand for this Ayurveda product has been increasing for a long time in India, so this desires to adopt
- Suggest any two Market Entry Strategies for the company to enter global markets? (5 Marks)
Ans 3b.
Introduction
Like every different employer, ayurvedic remedy organizations must make their business bigger inside the global marketplace. To enter this type of global marketplace, sure strategies must be followed. Effective approach measures will permit the ayurvedic medication company to enter
Emerging Technologies IoT, Augmented Reality, Virtual Reality
June 2022 Examination
Q1. Introduce the IoT as a boon or bane for the businesses and describe the impact of IoT on any three business processes? Conclude how IoT has been helpful during the COVID pandemic? (10 Marks)
Ans 1.
Introduction
The internet of things (IoT) is an ever-growing series of net-linked gadgets, beginning from smartphones to sensor-geared-up manufacturing robots. They could ship and acquire statistics because of this interconnection, allowing massive actions in each regular lifestyle and business. IoT is so famous that analysts at global data company (IDC) count on that with the aid of the usage of 2025, there may be 55.7 billion linked devices within the market, with 75% of them linked to an IoT platform. IoT has ended up a crucial thing in lots of offices. Regardless of your industry, IoT gadgets are possible characteristics of your employer’s success. IoT is a
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Q2. Explain how virtual reality is achieved and what are the challenges faced with virtual reality? (10 Marks)
Ans 2.
Introduction
Using pc technology to create a simulated surrounding that may be explored in 360 tiers is digital truth or VR. In assessing traditional interfaces, VR immerses the client inside the digital surroundings to offer an immersive experience. Even as the length of digital truth is used to explain numerous forms of immersive or altered truth reports, it isn’t always synonymous with augmented truth. A VR headset, inclusive of those available for borrowing at OISE Library, is used to acquire this feeling of presence. Oculus Rift, Samsung Gear VR, HTC Vive, Google
3. Caselet:
While designing an IoT based platform for an organization ABC Inc. which is monitoring a remote facility of theirs for various environment parameters of things in remote facility. The end user of the data is interested to get an insight of the situation after getting processed data. A high level diagram depicting the network of sensors include CCTV cameras, temperature sensors, and pressure sensors make a local network of sensors. There are solenoid valve actuators to open and close the water flow and maintain the low or high pressure for fluid.
A system consultant has suggested certain infrastructural requirements. According to him these sensors can communicate among themselves using Z-Wave protocol. However, the communication between the router and cloud server is based on Ethernet and cellular technology. And the end users can be connected to cloud server via Ethernet and Wi-Fi protocols.
Design has been proposed for various approvals is likely to be implemented with minimum changes.
Questions:
a. Based on above situation draw a high level diagram for the IoT platform meant for ABC Inc.? (5 Marks)
Ans 3a.
Introduction
Virtual reality is one of the technologies with excellent-elevated potential. In step with the whole latest IDC research (2018) forecasts, funding in VR and AR will be greater than double over the subsequent four years, carrying out 15. 5 billion Euros with the resource of using 2022.
- Suggest reasoning for the different protocols suggested for the IoT platform? (5 Marks)
Ans 3b.
Introduction
The accrued facts may be used to recognize the cutting-edge nation of the mechanism by watching the kingdom of each detail in the network the pleasantness of the whole tool. Inside the initial ranges, the system manipulation era additionally may be implemented to convert
Customer Relationship Management
June 2022 Examination
Q1. You work as a vice president of a telecom company. After number portability was introduced a lot of your customers have left you and have taken the services of other telecom firms. You are worried and so is your top management of the company. They have given you a deadline, either to ‘reduce the customer churn’ or face consequences. This is a major KPI (Key performance indicator) in your performance appraisal this year. How will he proceed to build a loyalty program for his customers? (10 Marks)
Ans 1.
Introduction
Customer aid metrics and KPIs are beneficial because they screen how corporations have interacted with their clients in the return of the scenes. You may also agree that the service being furnished is high-satisfactory and high-quality. but, your clients also can additionally have a sole opinion. “70% of clients say they select organizations that provide awesome customer support.”
The general performance metrics provide you impartial numbers to degree the success of your customer support. It’s impossible to apprehend which succeeding and you want to enhance Its Half solved only
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Q2. You have been called by your director at his office one evening for a cup of tea. Over the discussion he mentions how difficult is it for him to:
- Manage the data of the past students and track them. He is losing track of them and this is not good for the future of the college.
• Managing the admissions of the engineering and MBA College.
• The MBA School plans to expand in the distance education mode, for which a plan has to be put in place, and it will be difficult for him to manage alone.
• He wants to automate some of the processes of fees payment, acknowledgement, and attendance.
• Automate reporting to the top management.
The immediate thing that clicked on your mind is that if the college had CRM software it would probably help. You need to explain him, how CRM projects work and what are the considerations that he must keep in his mind. (10 Marks)
Ans 2.
Introduction
The enterprise panorama is turning into an increasing number of complicated, and client behavior is converting at a fast pace. Clients want more custom-designed studies than ever before, so tasks have become more multifaceted and related to a couple of groups. A stable CRM method has in no manner been more critical. And the leading agile companies, the ones which can innovate, consolidate, and adapt, will benefit from an advantage. As businesses increase and the artwork surroundings of a present-day global enterprise evolve, its miles essential that
Q3. Shoaib has started his business about a decade ago and has been doing extremely well. Although he was one of the pioneers in the organised retail space, he is today facing a big issue with ‘loyalty of customers. He is planning to go online.
a. How can he build traffic to his website? (5 Marks)
b. How can he meet the expectations of his online customers? (5 Marks)
Ans 3a.
Introduction
To create content material to trap the right site visitors to at least one internet site, one must first understand the consumer character one’s aiming for. Once one is aware of one goal market, you will create content cloth to entice them to go to one net site.
Introduction
Ultimately, the fulfillment is decided with the aid of how glad one’s clients are with the goods and services furnished. However, many businesses seem to trust that anything they offer will meet the expectations of their purpose audiences
June 2022 Examination
Q1. Sales organizations should be adaptable to changing circumstances and emerging marketing environment, failing which the structure as well as process will become redundant. Explain the above proposition with examples of two Indian organizations by explaining their evolution over different periods of time. (10 Marks)
Answer 1.
Introduction
The current workplace institutional framework, especially in the kingdom’s military burgeoning service financial system, is primarily the outcome of the Western-type implementation in India in the 1990s with infrequent regard for neighborhood demands. Even though this predicament has changed over time, it’s been typically driven by financial and enterprise transformation instead of needs or separate pastimes in Indian cultural businesses. Sectors,’s leading firm has increased from fabric and polypropylene (pp. a company inside the incorporated associate of electricity, Its Half solved only
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Q2. Bob Jones, sales manager for Steelhouse Industries, a manufacturer and marketer of heavy-duty industrial construction equipment has just finished evaluating several sales candidates for a vacant position. He has narrowed the list to two candidates that stand out. Both Russ and Susan meet the job qualification. In fact, on paper Susan appears to be a stronger candidate, having nearly twice as much industry-related sales experience as Russ. Bob, however, believes that the construction industry is a man’s world. He fears that many of Steelhouse’s customers (and even its own employees) may not respect a women sales person. Thus, even though Susan appears to be the most qualified for the position, Bob is leaning towards hiring Russ. What should Bob do and why? (10 Marks)
Answer 2.
Introduction
It has already been stated that women have a function to play in the creation zone and that they will be capable of creating successful careers in it. Moreover, functioning in this career is challenging due to hurdles such as gender-primarily based inequality, the harsh running environment of a creative web page, a loss of suitable records about the industry itself, and a shortage of effective woman position models in production. Everything seeks to spark a discussion on how to clear up the underrepresented presence of women in development and the
Q3a. The new marketing strategy of Steel Tubes Limited (STL) focuses on selling CEW (cold drawn electric welded) tubes more than ERW (Electric Resistance Welded) tubes. This marketing strategy was implemented to address very low profits of the company and improve profitability. Recommend an appropriate sales quota system and substantiate your recommendation. (5 Marks)
Answer 3a.
Introduction
Steel tubes limited company sells its products using a particular marketing method. The corporation sells bloodless drawn electric tubes and electric resistance welded tubes. The company sells that merchandise with the aid of adopting particular plans. The company’s primary
Q3b. As a Regional Sale Manager (North) of a shoe company, you have decided to promote one of the salespersons as a branch manager for a new branch at Karnal in Haryana. What kind of training would you conduct for this salesperson? (5 Marks)
Answer 3b.
Introduction
An earnings rep can be a top performer. But they lack the talents required to fulfill an earnings supervisor’s jobs and duties efficiently. Furthermore, a new profits leader is woefully unprepared without the proper education and capacity development management.
June 2022 Examination
Q1. Clean Tech is a chain of retail stores in India. The company has completed 2 years and has a chain of 40 retail stores in India. The stores specialize in end to end products ranging from digital products, Apparels, furniture to groceries and more (eg similar to Amazon). The company is considering implementing the Balanced Score Card (BSC). Design a Balanced Score Card for the company covering 2 examples each in the Financial, Customer, Business Process and Learning & Growth quadrants. (10 Marks)
Ans 1.
Introduction
The duration balanced scorecard (BSC) refers to a strategic control overall performance metric used to understand and decorate various internal industrial employer features and the outside outcomes that result from them. Managers gather and interpret data, that’s critical to supply quantitative consequences. Corporation employees may use this fact to make better alternatives for the future of their companies. Balanced scorecards are broadly used to degree and provide comments to enterprises within facet America, the United Kingdom, Japan, and Europe. Dr. Its Half solved only
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Q2. Ridhima Bose is working with Netmed Enterprises which is an online medical solutions company. Her role is that of a telecaller who interacts with patients and their families. Ridhima has been an excellent performer and always exceeds her targets. Since the past 4 months, Ridhima has been undergoing some personal challenges with illness in the family. She is very stressed on account of this and her attitude and behavior at work has also changed. She is often seen arguing with colleagues and her customer service rating has also dropped. Her manager has now escalated the matter to the Department Head, Tushar Wadia, who has now called Ridhima for a discussion. Assume you are Tushar, how would you go about conducting the Performance Counseling Discussion. (10 Marks)
Ans 2.
Introduction
Employees benefit from typical performance counseling because it enables them to overcome weaknesses and enhance their strengths. It’s a developmental way wherein the advanced and the subordinate speak to the subordinate’s beyond overall performance to assist the aide to enhance and change into higher in the future. The help provided with using a manager to their friends in objectively reading their standard performance is called complete performance counseling. It
Q3. Roohi Films Ltd is in the visual medium business, focusing on filmmaking (movies, television and digital series) and advertisements. The company has been in existence since 2017. The company now has plans to list on the Bombay Stock Exchange and also expand globally. You are Aarti the HR manager at the company:
- Prepare a Vision and Mission statement for the company (5 Marks)
Ans 3a.
Introduction
A big part of counseling durations may be spent managing worker excuses, rationalizations, and justifications for failing to do what’s anticipated of them. At the same time, as this talk is not supposed to be an all-inclusive manual at the concern, it will cope with most of the more
Qb. Write 2 SMART (Specific, Measurable, Achievable, Relevant, Timebound) which can help the company achieve its vision that you have prepared. (5 Marks)
Ans 3b.
Introduction
Clever is an acronym that may use to help set desires. Many humans spend their lives bouncing from one process to the next or rushing around trying to perform more simultaneously as honestly conducting very little. Placing competent desires allows customers to make clear ideas, make awareness efforts, make better use of time and sources, and grow chances of reaching life
India’s Foreign Trade
June 2022 Examination
Q1. One of the herbal cosmetic Indian company Sevanthi Herbals, having their pan India presence decides to go business expansion through entering foreign markets you as their strategic partner in marketing their products overseas, explain step by step you go ahead launching their products overseas markets. (10 Marks)
Ans 1.
Introduction:
Globalization is interdependence and interconnection between numerous nations with topics associated with trade. It has typically become popular within the past due 20th century when maximum decolonized nations opened their economies for interconnection with the rest of the sector. They’ve opened their economic system for exchange relations with the rest of the arena. Globalization has opened a path for all the groups to set up in different nations. But it isn’t
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Q2. Explain how Sevanthi Herbals can can take advantage of Export Promotion Council establish itself company’s products overseas markets. (10 Marks)
Ans 2.
Introduction:
Multinational corporations or MNCs are those companies that have installed their business in a rustic distinct from their starting place. For instance, a company originated within the United States and is now installed in India. That business enterprise might be referred to as an MNC in India. When those organizations have an installation in any other kingdom, it will impact the monetary situation of the USA and the cultural and social environment. These are also referred to as global businesses. In extra customary phrases, these are the one’s corporations that have been
Q3. Indian Veterinary manufacturing company BRM VET engaged in manufacturing of animal healthcare products having extensive range and international quality products:
- What are your priority International markets for these animal healthcare products, explain briefly (5 Marks)
Ans 3a.
Introduction:
Nowadays, as humans with some conventional mindset say, you’ll find fewer people bringing in a home and more animals there in overseas countries. They commonly refer to the growing trends among humans in preserving pets. Humans are greater willing to keep pets with them. It is
- What will be your market entry strategy for this overseas market for BRM VET.? (5 Marks)
Ans 3b.
Introduction:
People are extra inclined to maintain pets with them. Sometimes, many people maintain pets just for their fun or entertainment, even as others preserve them for care and a feel of success towards serving nature. It’s miles only a form of the sense of fulfillment they get hold of with the aid of
Export Import Procedures and Documentation
June 2022 Examination
Q1. You have joined one export organization as Export Executive. You need to register the organization with various government agencies/organizations. Give a write up to the Management giving the procedure of various registrations. (10 Marks) –
Ans 1.
Introduction:
Globalization has brought about the opening of the sector market for all the countries. Now, each country advantages from trading with all the different countries globally. When we say change, it approaches uploading and exporting goods & services throughout the borders. It isn’t most effective related to the interplay between the heads of different nations, but its approach replacing goods & services a number of the nations across exclusive borders. To have a regulatory framework over the exports and imports, the Indian authorities have advanced certain Its Half solved only
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- You are working with a freight forwarding company. You have exported one consignment by sea for a client. Your company asks you to get Mate Receipt. How will you handle this? (10 Marks)
Ans 2.
Introduction:
Globalization has paved the way for exchanging and changing goods and services from one market or one country to the other market or any other USA. Now, there are particular policies and regulations which one has to abide through while making sure exports or imports. Import is a situation where the products come into our home market from the outdoor world. Export is a state of affairs where we send our locally produced goods to the world of the door for their use and intake. There are number one modes thru which the export and import of goods arise: by sea
Q3. You have placed an order for electronic goods from Singapore. The Singapore Organization asks you to open LC as terms of payment. Your company does not know much about Letter of Credit. Your company asks you to explain the following
- What are Letter of credit and its usefulness (5 Marks)
Ans 3a.
Introduction:
A letter of credit is a file that ensures that the client has made the payment to the seller. Within the import-export business, a letter of credit is a type of guarantee that the buyer’s bank gives to the seller that a selected amount will be transferred to the seller’s bank on maturity. It will be
- Procedure to open LC and parties involved (5 Marks)
Ans 3b.
Introduction:
A letter of credit is a report that guarantees that the customer has made the price to the vendor. In the import-export business, a letter of credit score is a kind of guarantee that the customer’s bank gives to the seller that a selected quantity will be
Custom Shipping and Insurance
June 2022 Examination
Q1. Your company wants to know the date of determination of rate of duty and tariff valuation on imported goods. You are advised to give a detailed write up on this. (10 Marks)
ANS:
Introduction:
Customs Act, 1962 is the primary tax law governing the imports and exports of goods, passengers, or every other item in and out of the country. Like some other tax law, Customs Act is there to levy and accumulate duties. It has various other capabilities, like regulating the imports and exports, stopping smuggling, shielding the domestic enterprise from doors intervention, conserving the foreign exchange, etc. In India, Customs Act 1962 regulates such
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Q2. In an interview you have been asked to explain the three categories of goods under Harmonised system of classification. Explain the three categories to the interviewers in detail (10 Marks)
ANS:
Introduction:
Whenever some duties are imposed on the products being imported or exported, the customs officer wishes to recognize and examine the character of the goods. He could only be in a higher role to rate some responsibility and tax at the product. Further, the character of products or products in the worldwide marketplace determines the quantity of obligation or tax imposed on that product. It is just like the GST imposed in India; on a few products, the GST is high, even as
Q3. One company has imported goods and does not want clear the goods immediately. They approach you for guidance
- to understand the procedure to store goods without payment of duty. (5 Marks)
ANS:
Introduction:
While certain goods are traded 3D across borders, they shall be imports for one country and exports for some other. It’s far essential to notice that each time the imported organization isn’t always required to launch all the products inside the marketplace as quickly as they have arrived
- To understand the benefits of such facility (5 Marks)
Guide them by giving details of such options available in customs
ANS:
Introduction:
Warehousing is how the company can keep the goods without paying the customs obligations. It can be carried out because, under phase 15, the date of willpower of the charge of duct begins when the goods are about to be disposed of in the marketplace. In this situation, the products might thoroughly be retained from their supply, and thus, one can keep away from the fee of
Cost & Management Accounting
June 2022 Examination
Q1. Management accounting is focused on bringing a greater degree of efficiency to the core business operations.
Discuss management accounting its role, and highlight if you are working as a management accountant in an enterprise, what would be the potential areas wherein you would like to bring more efficiency. (10 Marks)
Ans 1.
Introduction:
Control accounting is often known as management-oriented accounting that specializes in management. Essentially, it is the look at economic accounting’s managerial elements, or “accounting in connection to management characteristic.” It demonstrates how the accounting characteristic can be re-oriented to match the control framework. Management accounting is to reorganize the entire accounting system to satisfy the company’s operational needs. It presents unique accounting records from the beyond, gift, or destiny that can be utilized to guide
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Q2. From the following information provided by Alfa Manufacturing Ltd, prepare the statement of equivalent units and also, Discuss the concept of equivalent units (10 Marks)
| Particulars | Quantity |
| Opening stock of inventory
(60 percent complete) |
500 |
| Units introduced during the year | 10000 |
| Closing inventory of stock
(completion percentage, 40% complete) |
200 |
Ans 2.
Introduction:
Equivalent devices of production are work-in-development stock after an accounting length. In other words, when you have 100 devices in manufacturing but only spend 40% of the processing expenses on them, you appear to have forty comparable gadgets of production. Equivalent units are an accounting control concept. Because natural substances are generally brought at the start of the procedure of production, while all different costs are concerned as the materials go
Q3. You are a manufacturer of tennis balls in the Mumbai Suburbs. Recently, you got an order to supply 1200 units of the same every month. The cost of carrying an inventory of such tennis balls is 1.80 per unit every year. The production process requires a setup cost on a per run basis of Rs 1000.
Compute:
- The EOQ, and define the need of computing the EOQ
ANS:
Introduction:
The economic order amount is the suitable order quantity for an agency to collect to keep away from inventory costs such as keeping quotes, deficit prices, and ordering changes. Stock control, or the manipulation of the ordering, garage, and utilization of a corporation’s inventory,
- The Optimum number of orders and optimum period of supply (5 Marks)
ANS:
Introduction:
Economic order quantity (EOQ) is a metric for stock ordering and cost optimization. To place it in any other manner, it answers the questions of how a lot to reserve and when to reserve it. Financial Order quantity, additionally called economic purchase quantity, is the order quantity in stock management that
June 2022 Examination
Q1. Mr. Suresh Deshpande is the M.D of “Rashmi Electricals Pvt Ltd” which manufactures various electrical components for the auto industry. It is a mid-sized company, (set-up in the ’90s) employing about 200 people and its products are well known for its quality. Up to 2019, this company was making good profits and therefore it could pay its employees well above the market average. A major component of this pay package was the benefits (like reimbursing school fees for employees’ children, free lunch, free transport) which attracted many talented workmen to the factory. However, after 2019, the profits started dwindling mainly because of competition, increased imports from China, and the Corona pandemic. So, a few days ago Mr. Deshpande called Mr. Roberts, his HR Manager to stop all the different “benefits” given to the employees as these were adding to the costs in a big way.
From a Compensation point of view, explain how Mr Roberts should prepare adequate logic to convince Mr. Suresh regarding which benefits to retain or discard (10 Marks)
ANS:
Introduction
When a company can pay its employees wages and perks, they’re talking about compensation/profits and additional economic and non-monetary incentives. In the workplace, it encourages people to be their first-rate selves by profitable them primarily based on their performance and sports. An employee’s repayment and advantages are known as repayment and benefits. They consist of bonuses, vacation time, coverage, and more. Pay and worker benefits are an enterprise’s repayment for the services it gives to its employees. Placing incentives assist
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Q2. Ramani and Kumkum are both Ph. Ds in Chemical Engineering and both have put in more than 15 years in the Pharmaceutical industry. They decided to leave their jobs and open a small company of their own. Accordingly, they took a bank loan and using their contacts, tied up with another big pharma company to research on their behalf. Initially, they recruited five qualified chemists, and later as the business grew they recruited more laboratory staff, accountants, and other personnel. Since it was a start-up, and the objective was to survive, they tried to get good quality people and so paid them better than what they were earlier getting. Their business grew and by the end of five years, they were well established, and by that time they had eighteen people on their rolls. The break-up of their staff strength was as follows: – Three Senior Researchers (all Ph. Ds), five Research Associates (Post Graduates in Chemistry), five Assistants (Science Graduates), three Accountants, and two Clerks. However, as there was no regular pay structure, there was a wide disparity in the pay drawn by different employees.
To rectify this situation, both Ramani and Kumkum decided to conduct a Job Evaluation study. In your opinion, which Job Evaluation method would be most suitable in this case. (10 Marks)
ANS:
Introduction
In an organization, process assessment refers to a systematic process of establishing the relative cost or worth of specific activity in contrast to other occupations. one of its essential dreams is to assemble a proper compensation shape by systematically comparing the relative merit of different occupations. This was having a look, and assessment is generally done. In contrast, a completely new function has been formed in an organization, and it ought to be completed as often as feasible to cope with the troubles mentioned above. Many criteria are considered while
Q3. Mukesh Sharma is residing in the suburbs of Mumbai and has obtained a Diploma in Mechanical Engineering from a reputable Polytechnic in 2021. Since he was among the top five students in the Final Year, he got two job offers in the Campus Placement procedure.
The details of these offers are given below: –
- a) “Karuna Auto-Parts Private Limited” is a medium-sized firm manufacturing auto parts, employing about 400 workmen and managerial staff and its products are well known for their quality as they employ the latest state-of-the-art machines. The factory works three shifts per day and he has been placed in the Maintenance department as a “Trainee”. The factory has a good canteen and also has a night restroom for people completing the B shift (2 pm to 10 pm).
During probation of 1 year, he will be paid a Consolidated stipend of Rs 25000/-and will be required to work in the morning shift. After confirmation, he will be placed on the Junior Engineer scale and his total earnings are expected to be around Rs 40,000/- but he will be expected to work in all three shifts. This factory is a little far from his home (about 40 km) but is accessible by rail and the company arranges for pick-up from the nearest railhead.
- b) “Jayant Forging Private Ltd” is comparatively smaller than the other company and employs about 250 people including workmen and managerial personnel all working in the General shift. This factory is not far from his residence but not situated near any regular rail or road routes. It is a forging unit, established about thirty years ago and has not upgraded its old machinery. The company is a sort of captive plant of one of the large commercial vehicle manufacturers, Beta Motors and it manufactures the forged “front axle beam” for their trucks for their factory at Pune. Thus it is dependent on Beta Motors for orders and sometimes payments are delayed and the company has to resort to bank overdrafts to pay employees’ salaries. Mukesh has been offered the position of “Jr Engineer” at a consolidated stipend of Rs 30,000/ pm during the 1yr probation period and will be posted at the factory to learn about the production process. After confirmation, he is expected to assist the Quality Team, regarding quality issues and also travels to the Beta Motors Factory (as required), to settle quality and other issues. The company has assured him of a good career in the management cadre in about five years. With allowances, he is expected to draw around Rs 45,000 after confirmation.
- What are the different factors (give at least seven) that Mukesh can use to compare the compensation and other benefits included in the two offers that he has received? (5 Marks)
ANS:
Introduction
Compensation disputes also are common among employers and their workers. Employees offer their time, strength, information, and know-how to the company in change for pay and benefits. To reveal their appreciation, the company compensates personnel for their loyalty. Similarly, a
- After careful consideration, Mukesh chooses to work in the 1st company i.e “Karuna Autoparts”. Give your comments whether you agree with his decision. (5 Marks)
ANS:
Introduction
Using the most up-to-date cutting-edge machinery, Karuna auto-parts non-public limited, a medium-sized automobile elements production company, employs roughly 400 workers and managers. Since the plant is open for three shifts each day, his function as a “Trainee” within the
Capital Market and Portfolio Management
June 2022 Examination
Q1. Are investment and gambling the same? Justify your answer explaining the concept and characteristics of investment. (10 Marks)
Ans 1.
Introduction:
The underlying essential precept in each activity is minimizing hazards with maximization of returns. Investing in the inventory market is regularly handled as gambling only. It may be authentic as both the sports contain chance and preference— precisely the threat associated with investing the capital in expectation of destiny profits. But, gambling is for a shorter length, even as the equity investment can last for a lifetime. Moreover, the longer-term return in playing is poor for gamblers on a median foundation. In comparison, the expected longer-term return for an
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Q2. You are given the following data:
| Name of the Company | Expected Beta | Expected return in percent |
| A | 0.95 | 12 |
| B | 0.80 | 15 |
| C | 0.65 | 13.50 |
| D | 0.64 | 10 |
| E | 0.90 | 12.5 |
| F | 0.60 | 16.5 |
| G | 1.25 | 18 |
Expected return of the market – 14%; Risk free rate of return – 5%
With the help of above given information find the stocks which you would recommend to buy or sell? Which technique would you employ to calculate the same? List down the other applications if any? (10 Marks
Ans 2.
Introduction:
An investor invests finances within the marketplace to anticipate future rewards at the risk that he’s taking. There are several techniques to assess the threat-return profile of an investment. One such approach is the identity capital asset pricing version. It’s miles more commonly known as the CAPM approach. It allows figuring out the expected returns from a stock, maintaining the risk element or the beta of the stock, and return of threat-loose protection or the T
Q3. According to Lord Keynes “Given market prices, investors driven by the speculative motive, would trade on forecasts of the future market price of stocks, rather than stocks’ intrinsic values.” As a security analyst:
- Comment on the given statement (5 Marks)
Ans 3a.
Introduction:
Lord Keynes argued that an investor’s decision is not based totally on ideas. The message given via Lord Keynes is built around the four concepts of the stock market. Those concepts are psychology, optimism/pessimism, self-belief, and market sentiment.
- Given this statement, why do we need fundamental analysis? (5 Marks)
Ans 3b.
Introduction:
Fundamental analysis is the study of the elements as a way to affect the inventory price in the future. The essential evaluation identifies whether a stock is overpriced or underneath-priced via determining its intrinsic cost. Both historic and gift
Brand Management
June 2022 Examination
Q1. Mr. Nimish plans to set up his business that deals in male grooming make-up products. The target audiences for the make-up line are men’s who are aged between 20 years to 45 years of age. The product is new in the market and the competitors that the business would face in the near future would be less. After an extensive business and product planning, Mohan arrives to a conclusion of establishing a brand name and identity and is unaware of the techniques of branding and how to evolve the brand while focusing on product sales. As a business consultant, in what ways would you help Mr. Nimish in building the strategic brand management process? (10 Marks)
Ans 1.
Introduction
Branding: Branding is called a process via which it’s a far associated with developing a specific name where’s as logo, identity, and an instance of specific goods and carrier of a company. This is commonly done to draw customers. It is done through advertising with the adaptable subject. The branding objective is to authorize a meaningful and differentiated presence in the products so that clients can get attracted and retained. A trademark is a name term where symbol or other
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Q2. Sonakshi plans to own a business and chooses to sell baked food items such as cakes, biscuits, cookies and brownies. All of the food items are healthy, sugar free and gluten free and majorly targets the audiences that devour on fitness and are health conscious and also looks forward to deliver the eatables across the country. Building from scratch, Sonakshi has to choose brand elements that would help her build her final brand. As a brand building expert, introduce all the requisite brand elements to Sonakshi. Furthermore, what would you consider your criteria’s to choose brand elements? (10 Marks)
Introduction
Strategic management is everything in the faith of recognition and explaining the strategies that administrators can be bearing to achieve better and better performances and a reduced-throat gain for their businesses. The organizations are called to have been going thru cutthroat advantages if the advantages are better than the average advisability for every company within the industry. The rationale of Strategic control also can be termed as a package of dedication and an act wherein a managerial person can undertake and which will be finding out the results of the
Q3. Worthy Pens is the new name in the market. In the various marketing and advertising campaigns for pen, Worthy Pens have showcased their products that includes a range of ball pens, gel pens and ink pens while the lattermost, i.e., ink pens are the ones that they decide to feature the most. The unique selling points of the ink pens includes them being long lasting, sharp tips, light in weight and also contributes to a neat handwritten note. The brand identity that has been formed from the advertising and marketing is that Worthy Pens is a durable pen seller. On the contrary, Worthy Pens wants to build up a brand image based on the points that will matter to the customers.
- As a consultant explain four steps to develop strong brand for Worthy Pens. (5 Marks)
- Also, cover various positioning approaches for Worthy Pens and suggest the one that fits the brand. (5 Marks)
Ans 3(a).
Introduction
Let’s begin with the basics, and pens haven’t perished out. While excessive-tech technology has continued to restore the traditional pen and paper, many people still use to buy them. Many people are using a pen that has been a recommendation to the accounting region. The quality of Education has shown that it probably is extra pressured in nature to memorize the accounting
Answer 3(b).
Use high standards for design: – design is suitable for visual communication. How you use to carve, colorings, and fonts or layout modicum on your internet site, product package deal, or
Industrial Relations & Labour Laws
June 2022 Examination
Q1. ‘There have been many complaints from employees at Amazon’s fulfillment centers. Workers complain that they are given rigorous tasks in the warehouses’. Explain in your words. (10 Marks)
Ans 1.
Introduction
Amazon warehouse employees inside the Alabama city of Bessemer determined closing week to keep away from unionizing with the Retail, Wholesale, and branch store Union (RWDSU). It became a devastating defeat too hard, work supporters hoping that unionization in the region might spark a wave of elections a number of the greater than 500,000 Amazon warehouse employees inside the united states, with a vote of 738 employees in choose of 1,798. But, it was a hit in bringing most people’s notice of the issues that prompted Amazon employees to begin Its Half solved only
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Q2. What are the common employee relations challenges faced by employers today? Suggest how the employer can manage them? (10 Marks)
Ans 2.
Introduction
Relations between employers and workers are not the only matters that cross under the umbrella phrase “employee relations”. It is a period used to describe an organization’s attempts to construct and maintain robust relationships with those who work there. One-third of respondents to a Harvard business review (HBR) survey said they agree that a company’s capability to hold and encourage its employees is vital to its essential fulfilment. HR departments at a few
Q3. The Industrial Disputes Act, 1947 extended to the whole of India and regulated Indian labour law so far as that concerns trade unions as well as Individual workman employed in any Industry within the territory of Indian mainland. Enacted on 11 March 1947 and It came into force 1 April 1947. Explain the following:
a. Salient features of Industrial Disputes Act 1947. (5 Marks)
Ans 3a.
Introduction
The economic jurisprudence area of regulation grew in the United States and other nations over the 18th–20th centuries. Essential attention of industrial law is on human family members’ troubles rising from the significant growth in manufacturing systems that took place because of
- Grievance settlement machinery under Industrial Disputes Act. (5 Marks)
Ans 3b.
Introduction
The industrial Disputes Act has installed regional mechanisms for resolving disagreements. All of them are a part of the conciliation technique: a Conciliation Officer and a Conciliation Board. Below, section 11 of the Act states all of those offices, forums, and tribunals. The top essential gear for resolving workplace disputes encompass Conciliation, Courts of Inquiry, Arbitration
IT infrastructure management
June 2022 Examination
Q1. In current scenario, organizations are migrating from unconnected IT infrastructure to integrated IT infrastructure. What kind of challenges organization may face while migrating from independent to integrated IT infrastructure? Explain with the help of business story (Real or Hypothetical). (10 Marks)
Ans 1.
Introduction
Any organization or organization makes enough contribution to improving any market. Very without problems, agencies are far in advance of others with the aid of their innovation. The IT organization Wipro has further developed itself by making extensive changes to its infrastructures. Different styles of challenges motive many issues in their infrastructures. Competencies end up a crucial part of this sort of IT infrastructure. Inefficient control can purpose businesses to create their loss troubles insufficient size. Such infrastructures can quickly
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Q2. Select any three companies in different industries such as banking, retail store, airlines or package delivery that you do business with? How optimal IT Infrastructure in each company use to engage you, keep you informed or create a unique customer experience? How effective is use of digital technology in keeping you a loyal customer? (10 Marks)
Ans 2.
Introduction
Within the case of any corporation, their purchaser’s enjoyment is considered a reasonably necessary element. Customers’ enjoyment usually enables the organization to establish their long-term experience. Having such clients enjoy is considered a crucial part of unique industries. It’s also feasible to, without problems; find a client revel in using unique forms of the virtual era. The customer experience usually helps get the enterprise on the proper track. Organizations pay
Q3a. Critically evaluate:
“The Cloud is being presented as the Next Big Thing in aligning IT with business, achieving rapid return on investment and moving capital expenditure to operating expenditure. It may appear to be merely the new outsourcing but it avoids the inflexibly of long contracts and is driving new types of behaviour on behalf of service providers and opportunities for businesses. Businesses are being driven toward the Cloud because they are at an inflection point where a new approach to IT is being mandated, one that cleaves to business requirements, is highly flexible, very cost effective and supports rather than blocks tactical and strategic changes to business. Cloud is also being held up as the answer to many traditional IT woes: slow and unresponsive systems; technology as an impediment to mergers and acquisitions (or demergers and spin-out plans); and IT as an expensive and variable source of costs.” (5 Marks)
Ans 3a.
Introduction
Cloud is considered an essential part of each business for its development. This type of cloud computing performs a widespread role in the modern generation controlling and expanding the business. Via the usage of cloud computing applications, businesses can get
Q3b. Green computing is a practice of using computing devices so that they can be used efficiently and without causing harm to human beings and environment. The purpose of promoting green computing is to reduce the consumption of energy and to reduce carbon emission (CO2 emission). How green computing can be achieved in any three selected organizations, suggest few actionable points? (5 Marks)
Ans 3b.
Introduction
Green computing is considered to be crucial sufficient to defend the surroundings. It, without problems, prevents harm to the surroundings or people. It’s far used with the assistance of a computing device. Using it allows absorbing the amount of power fed on easily. It plays an
Manpower Planning, Recruitment and Selection
June 2022 Examination
Q1. Do you think companies can really do without detailed job descriptions? Why or why not? (10 Marks)
Answer 1.
Introduction
A task description is regularly abbreviated in the shape of JD. It can be described as a written narrative that helps portray the overall tasks and the duties and responsibilities of a person using for a selected role within an organization or a company. It enables discovering the particular capabilities and qualifications required by using a person for a particular activity. The structure of bills and the running surroundings’ physical needs are also stipulated in the process descriptions. Under standard instances, process descriptions are typically a story, but a few may
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Q2. “Irrespective of the experience level, Induction Training plays an important role for a new employee” Explain why you agree or disagree with this statement. (10 Marks)
Answer 2.
Introduction
Unlike the experienced class of employees, the brand new personnel need special training for work. The method of education facilitates support a company to get earnings in maintaining their talent and provide them better satisfaction of jobs. In addition, they provide them with the support of morality. The business enterprise additionally gets more earnings and revenue in a business by getting all their employees educated. A file has noted that the trained employees get
Q3. 360- degree feedback is effective way of appraising the performance of employees provided it is designed and implemented scientifically.
a. Give reasons of how 360 degrees feedback is an effective method of performance appraisal. (5 Marks)
Ans 3a.
Introduction
Every organization uses specific methods to investigate the performance of its personnel. Judging the performance of their employees is considered to e a vital part of any employer. 360-diploma feedback is considered an essential technique for judging their work performance. This
- While using this method, organizations might come across some difficulties. What kind of difficulties can be faced by the organizations and how those difficulties can be addressed? (5 Marks)
Ans 3b.
Introduction
Common obstacles may be challenging for those businesses, as organizations constantly attempt to improve the power management of day-to-day business processes. The first detail of managing organizational problems includes recognizing that there must be trouble and
Marketing of Financial Services
June 2022 Examination
Q1. Develop a Service Marketing Mix (using 8 Ps) for an Asset Management Company (Mutual Fund) of your choice. (10 Marks)
Ans 1.
Introduction:
The marketing mix denotes a company’s mixture of movements or techniques for promoting its brand or merchandise in the market. The four Ps of a traditional marketing blend are pricing, manufacturing, promotional, and positioning. However, in the latest marketing mix, additional Ps, including package, placement, personnel, and sometimes even politics, are becoming increasingly crucial mix additives. The advertising mix many additives affect one another. They devise an employer’s business approach, which may also lead to sizable success if carried out
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Q2. One of your clients wants to apply for a Home Loan in the next 12 to 18 months. A few months back, the client had lost his job during the COVID-19 pandemic and delayed his credit card payments. The client is worried that this may impact his credit score maintained by Credit Bureaus. Suggest a roadmap to your client to improve his credit score. (10 Marks)
Ans 2.
Introduction:
A credit score, which tiers from 300 to 850, can estimate a person’s creditworthiness. A borrower’s credit rating will increase their attractiveness to ability lenders. A character’s credit records, which contain the number of customers they’ve opened and their total debt burden, determine their credit rating. Lenders use credit rankings to estimate debtors’ danger of repaying a loan on time. For example, someone’s credit score rating can also impact the quantity of a preliminary deposit required while renting a condo. Creditors also frequently observe consumers’
Q3. You are a Financial Planner. Your client Ankur Desai (age 36 years) works with an FMCG company earning Rs. 15 lakhs per annum. His wife, Preeti (age 32 years), is a homemaker. They have one daughter Asha (age 3 years). The couple requires your help to make a few financial decisions. (You can make any assumptions to build up your case further.)
- Ankur wants to buy a Pure Risk life insurance cover of Rs 1.5 crore. He is confused about whether he should buy a ULIP, Endowment, or a Term Plan. Recommend the product best suited for his requirement. (5 Marks)
Ans 3a.
Introduction:
Because most effective loss of life is insured, “pure chance life insurance” is classified as pure chance life insurance. Furthermore, there’s no issue of maturity or investment. Term coverage is an example of a pure danger safety cowl. Pure threat coverage, which offers economical protection, covers the untimely loss of life of the existence assured. If the existence assured,
- Ankur has expressed his desire to retire by the age of 60. Design a retirement plan for him. (5 Marks)
Ans 3b.
Introduction:
Its miles feasible to set aside at the grounds of your assets to grow over time and offer a steady income after you retire. As your employment earnings declines, retirement gain plans offer financial protection so you can also continue to stay proudly without compromising your way of
Operations and Supply Chain Strategies
June 2022 Examination
Q1. There is a multinational company XYZ that operates in the retail business. The company also launched a couple of new products with their label. Customer demand is increasing because the company has a good product mix. Whereas the level of actual performance is not that much increased. As you are appointed as supply chain manager, suggest some strategies to the organization that ultimately increase performance. (10 Marks)
Ans 1.
Introduction:
They want to ensure that merchandise comes at the right time so that it doesn’t affect another complex process. A supply chain supervisor maintains track of a company’s stock from buying raw fabric to production. He analyzes operational performances and additionally resolves the issue.
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Q2. Consider last month you started a new business of Electronics items. You are also thinking to start different branches of your business in your city as well as outside. To increase the revenue, you may explore the international market. In the dynamic market, you would face tough competition from different online as well as offline players during the journey. Analyze and suggest a different level of strategies that you will implement in the firm that can improve overall business profit. (10 Marks)
Ans 2.
Introduction:
In an agency, a manager appears for ways to boom the business’s profitability. Profit is the most crucial element in measuring the fulfillment of a business. Learning about numerous techniques to boom profitability can help us grow our business. With the help of the correct method, we can growth sales and decrease fees. Profitability is the capability to grow sales than prices in a business. Without an increase in earnings, a company can’t develop and can’t compete with other
Q3. A toy company is working in the India market from the last couple of years. The company has many branches within the city and outside as well. The company thinking to start its own manufacturing unit and the government is also motivating manufacturers to start manufacturing within the Indian market.
- Explain various competitive dimensions in detail that company needs to rework to get better market share and achieve business excellence in the supply chain. (5 Marks)
Ans 3a.
Introduction:
The proportion or part of a market earned through an organization or a company is called market proportion. And supply chain excellency provides ways to go ahead in the competition in a market. To reap business excellence within the delivery chain and get a higher market share, a company should observe various aggressive dimensions. Let us understand those competitive
- Management is confused about the selection of the production process. Kindly suggest the best method in the production process that improves efficiency. (5 Marks)
Ans 3b.
Introduction:
Every organization creates items and products to promote to the clients. For this, the company uses a specific production process. This manufacturing system involves numerous steps, from the entry-level product manufacturing to the output degree of the final product to sell to a customer. The proper manufacturing method is essential for the successful production of a product. The
June 2022 Examination
Q1. SKAB projects, a real estate builders and construction company, is planning to construct a gated community apartment in Hyderabad. As a project manager, describe your role in different phases of its life cycle. (10 Marks)
Answer 1.
Introduction
The company SKAB projects will construct a gated community condo in Hyderabad. A gated network is a group of such types of apartments that has the most effective one gate. Inside the gate, there are gyms and a purchasing region, including the temple. Many more excellent facilities may be there in the gated community apartment. As a good construction agency, the organization SKAB initiatives need to make the right plan for the construction project. They should also organize all the raw materials and workforce and have the proper control over each Its Half solved only
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Q2. SKAB projects, a real estate builders and construction company, is planning to construct a gated community apartment in Hyderabad. The company identified that they do not have competence in managing and maintaining the project progress in all respects of the projects simultaneously. So, the company decides to contract out some of the parts to a third party to maintain the progress and quality of the project. As a project manager, what type of contract you will suggest to the company and why? (You may consider hypothetical data for cost-benefit analysis of each contract type) (10 Marks)
Answer 2.
Introduction
The construction procedure of SKAB has now been initiated to agree with the third party to construct the gated community condo in Hyderabad better. This is had to be completed. The contract with a third party will help them get a great offer of their project system. This may also consist of the letter of popularity or receiving the settlement. They may also be able to manipulate the complete creation technique easier and can be capable of recognizing and rectifying all errors. They also want to don’t forget a few crucial subjects of construction which
Q3. Consider the SKAB project’s gated community apartment construction.
- Show the deliverables of the gated community apartment on a work breakdown structure (WBS). (5 Marks)
Answer 3a.
Introduction
In the innovative method of the work performed by SKAB, there may be a want to affirm all the deliverables with the proper work breakdown structure of the WBS., that is, the hierarchical cartoon of various responsibilities needed to fulfill all task details. They’re the entire one’s
- Create a Gantt chart to represent the project progress and duration considering the resource person for each deliverable as “person 1”, “person 2”, etc. (5 Marks)
Answer 3b.
Introduction
The deliverables of the project and its name duration may be referred to with a Gantt chart is a tool that mentions the assignment plan timetable, along with the dimensions of the general tasks. In addition, they use a straightforward way to describe a complex
Strategic Cost Management
June 2022 Examination
Q1. ABC GAMA Ltd has a special product to sell some of its old stock, quantity 5000 units, in the market as a limited period offer. The total cost of production of these products wasRs15000 and these products would have normally been sold out in the market at Rs40per unit. The enterprise is looking for three alternatives –
- Repackage the products at Rs25000 and sell all the quantities at Rs10 per unit
- Sell the items as scrap, at the discounted prize of Rs 2 per unit
- Dispose them off to another enterprise at an additional cost of Rs3000
Discuss the important consideration in a decision-making process of a firm, identify the three alternatives available here, and evaluate the three alternatives reflecting which of the three alternatives to be accepted?(10 Marks)
Ans 1.
Introduction
Decision-making is the most critical part of the company. While taking any selection in the business regarding any product or service, its miles essential to make the excellent selection. So, for making a decision, it has to be necessary to follow all of the essential steps for choosing the commercial enterprise—the selection-making needs to now not be based totally on emotional thought and so forth. As opposed to that, it ought to be based on the proper research and assessment. Even as making decisions correct data approximately every and the whole lot is
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Q2. You are planning to launch an innovative and unique product in the market in the Upcoming year. You are brainstorming on the pricing aspect of the product with yourteam. Your team decided that let’s charge the maximum price in the initial stage of the product and then lower the costs gradually.
Discuss which pricing strategy your team planned to adopt here and what advantages your team would have been observed here to employ this specific strategy. (10 Marks)
Ans 2.
Introduction
Through proper research and collecting data, we then come to know approximately the particular pricing strategies used by the distinct companies and how the organizations set the rate. Pricing is an essential aspect after the production of the product, and it’s miles necessary to hold all the things in thoughts while setting the charge of a product that either this fee will suit the product or no longer and is that this fee is perfect in the market or now not. Additionally, it’s necessary to keep in mind the alternative expenses of the products in the market. So there are distinct
Q3. From the following data of Megh Enterprises.
- Calculate the combined breakeven sales. The Company is producing three products.(5 Marks)
| product | sales | Variable cost |
| A | 10000 | 6000 |
| B | 5000 | 2500 |
| C | 5000 | 2000 |
| The company incurred a fixed cost of Rs5700. | ||
Ans 3a.
Introduction
The breakeven point is the point in the sales in which there is neither profit nor loss regarding the earnings and the value. So the breakeven sales are just like that the sales that can be breakeven are the equal component, which means the earnings are zero of the enterprise while making the sales that can be breakeven. Those breakeven sales have their significance, enabling the decision
- Also, Discuss the concept and relevance of breakeven sales for an enterprise (5 Marks)–
Ans 3b.
Introduction
An opinion at which there are no sales and no damage is named because of the breakeven factor, which enables the business to assess the want of the goods for the incomes of the income. The breakeven sales also are the income that gives the organization no profit. Still, it makes the
Taxation- Direct and Indirect
June 2022 Examination
Q1. Mr. Vinay is an IT associate at Mittal Enterprises Ltd. During this COVID time his company plans and started paying fixed medical allowance Rs10000 per month to the employees working in India. The company also offers medical facilities worth Rs30000 to the employees working in the various departments.
Discuss about the taxability provisions in relation to the fixed medical allowance at the end of the year. Further, share your insights in relation to the instances when medical facilities are not regarded as taxable perquisites.(10 Marks)
Ans 1.
Introduction:
The Indian taxation Act deals with the numerous tax-related provisions utilized in India. The rules provide for the governance of both oblique and Direct Taxation. Those provisions are essential regarding the proper functioning of the country’s economic gadget. The tax could be vital to the government because it is through manner of tax only that the government has its income and makes all the expenses for the welfare and the gain of all the residents in the country. When it comes to welfare, after the pandemic, we’ve got to know that clinical centers and Its Half solved only
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Q2. Mr. Parv, aged 68 years running business as a proprietor for Jaal Enterprises. He furnishes the particular for the income for the previous year. Annual value of a self-occupied house property Rs25 lakhs, Interest paid on money borrowed for certain repairs and reconstruction work Rs20000 Income from business Rs11.30 Lakhs, after adjusting personal travelling expenses worth Rs 30000 from this. Purchase of furniture treated as expense while calculating the above income, Rs45000.
Such furniture is subject to depreciation @10 %
He paid off mediclaim premium Rs30000
Also, he purchased NABARD Bonds worth Rs100000
Compute his Net total income with suitable reasoning where required, reflecting
– Income from house property
– Income from business
– Net total income- (10 Marks)
Ans 2.
Introduction:
Tax is excellent to the authorities because through the way of the tax most effective, the government has its income and makes all the prices for the welfare and the advantage of all of the citizens in the country. About interest, after the pandemic, we’ve all been taught that medical facilities and healthcare are vital for the holistic improvement of society. The Indian taxation Act deals with the various tax-associated provisions utilized in India. The law provides for the governance of both oblique and Direct Taxation. These provisions are essential for the healthy
Q3. Ms Swati had generated losses under the head ‘income from house property’ because in the previous year she paid interest on housing loan Rs350000. Such interest on housing loan is allowed to be set off from other heads of income subject to certain provisions. Further, there are certain exceptions to the rules of inter head adjustments. Discuss in the light of Indian Income Tax Act 1961,
- How and up to what extent such losses under the head income from house property is allowed to be set off and disclose the monetary limit and the amount of unabsorbed losses, if any.(5 Marks)
Ans 3a.
Introduction:
There are terms, set off, and carry forwards of the losses. Carry forward losses are those residuary losses to be adjusted after one has made the suitable and permissible intra head and inter- head adjustments. The intra headsets off are the one’s losses incurred from one supply of earnings and maybe prompt against income from another source below the identical earnings
- Discuss the exception to the rules of Inter head adjustment.(5 Marks)
Ans 3b.
Introduction:
There are phrases, set off, and carryforwards of the losses. The intra headset off are the losses that have been incurred from one source of earnings and maybe set off towards income from every other supply, below the equal authority of income. Carry ahead losses are residuary losses
Cloud computing
Q1. A university wants some advice about deployment of cloud for their online learning platform as they are not able to maintain their own data center. The university is evaluating the right choice of the cloud deployment model. Provide a report explaining pros and cons of each cloud deployment model for the universities online learning platform. (10 Marks)
Ans 1.
Introduction
Cloud computing refers to a one-time, personality internet platform that supports authorized users to access computing ability each time from any region. It’s miles a new approach of delivering computational assets, now not a modern innovation. Examples of “commonly were using health care programs encompass Microsoft Hotmail and Google docs, at the same time as other higher-recognized software in health care includes Microsoft Health Vault and Google health platform (lately terminated) (lately stopped). These days eliminated).” however, compared
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Q2. A software development company based in Goa has decided to implement cloud for its customer support department. As the company is working on insurance related product development, they process personal and sensitive data. So, the company is concerned about the security of the data over the cloud. Provide a report to this company about security and other technical challenges of using the cloud. (10 Marks)
Ans 2.
Introduction
Libra net solutions are Goa’s optimum net design company with a 10-year record. We can assist you in the website’s layout and website sales. Verifiable net presence has been vital to any organization for decades to relax its dominant function in the enterprise ahead of its competitors. It is familiar that each organization has its own needs for constructing a web. As an Indian internet design company, our responsibility is to reflect this vital point and differentiate our
3. A KPO company is planning a new solution for their sales and BDM department. The company has two options for implementing this solution. On-premises solution developed by regular IT team and adopting a cloud-based solution.
a. What are the benefits of both the options, On-premises and Cloud-based? (5 Marks)
Ans 3a.
Introduction
In today’s enterprise IT global, there are numerous criteria that businesses need to evaluate to decide if cloud computing is the appropriate answer. Conversely, many corporations do not circulate to this cloud and rely upon doing enterprise instead using trying legacy and on-premises packages and software.
- Suggest best option for this company considering that the company don’t have a strong technical team and expertise to handle new solution. (5 Marks)3a
Ans 3b.
introduction
efficient management of the technical group is like cultivating and caring for the lawn every day to provide delicious culmination in destiny. And it’s no longer a smooth venture. A company isn’t always just one individual, but a crew of humans. Firms have no manage over externally influential elements. But they have the privilege of directing one of the organization’s sports,
June 2022 Examination
Q1. Considering that cyberspace security is becoming a growing concern for any e-business, enlist some of the major security threats (at least 5) faced by e-businesses across India and give examples of few of the software (at least 5) that could be used to secure its environment. (10 Marks)
Answer 1.
Introduction
Ecommerce safety is a set of policies that ensure secure online transactions. It includes standards that shield individuals who sell and buy products online. We need to benefit the consider of our customers via the usage of primary e-trade safety features. Stopping any behavior that might lead to the sharing of unauthorized client statistics with third parties is a part of maintaining confidentiality. No one else has access to consumer non-public information or account statistics aside from the net service provider of their desire. Another important idea in e-commerce safety
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Q2. With the rapid evolution of technology and penetration of the technology enabled devices, e-businesses are gaining more and more prominence thereby generating sustainable revenue. Discuss the various revenue models and the associated issues for an e-business. (10 Marks)
Answer 2.
Introduction
The business begins with an idea about the way to provide value to a purchaser. A sale, or the total sum of money earned, is the coal that keeps our train rolling. Relying on the intricacy of the business version, revenue will increase cowl manufacturing, distribution, advertising, and other prices till we reach profitability. The profits model is a part of a business model that describes the various sales generation strategies and their sources. This is a high level of answer to how we can earn sales from the price we supply to a positive phase of consumers. Over the last several
Q3. Let us suppose you have been hired by a promising startup (choose any 1 industry/sector) in the e-commerce space as a marketing consultant to enhance their business productivity. Post the initial survey you discovered that the company is still replying on traditional tools and methods for their business operations. To enhance the effectiveness of their operations, you decided to meet and explain to the management about the various online marketing strategies and tools that are typically useful for e- businesses like theirs.
- What would you tell them about the available online marketing strategies for their e- business? (5 Marks)
Answer 3a.
Introduction
The electronics zone as a whole is expanding as corporations around the world find out new ways to use its numerous applications. There may be an excessive need for electronics in all categories. However, inbound advertising is the handiest approach to ensure that your company
- What are the various kinds of online marketing tools for their e-business that you are aware of? (5 Marks)
Answer 3b.
Introduction
Managers or even executives may also discover digital electronics marketing daunting. Become aware of our target demographic and define our brand’s tale from the beginning. An effective electronics advertising method is constructed on virtual strategies. As contention within the IT business heats up, we must not simplest expand your product however additionally our
Fundamentals of Big Data & Business Analysis
June 2022 Examination
Q1. The emerging technological development of big data is recognized as one of the most important areas of future information technology and is evolving at a rapid speed, driven in part by social media and the Internet of Things (IoT) phenomenon. The technological developments in big data infrastructure, analytics, and services allow firms to transform themselves into data-driven organizations. IDC (2015) forecasted that the big data
technology and services market will grow at a compound annual growth rate of 23.1% over the 2014—2019 period, with annual spending reaching $48.6 billion in 2019. While structured data is an essential part of big data, more and more data are created in unstructured video and image forms, which traditional data management technologies are inadequate to process. A large portion of data worldwide have been generated by billions of IoT devices such as smart home appliances, wearable devices, and environmental sensors.
To meet the ever-increasing storage and processing needs of big data, several new big data platforms are emerging, including NoSQL databases as an alternative to traditional relational databases and Hadoop as an open-source framework for inexpensive distributed clusters of commodity hardware. *
Source: *https://e-tarjome.com/storage/panel/fileuploads/2019-02-27/1551256718_E10700- e-tarjome.pdf
- a) Mention 2 examples where business uses big data from the sources mentioned above and what kind of infrastructure is needed in the organization to store and maintain big data?
- b) How are cloud platforms responsible for growth of big data and how do companies leverage cloud technologies to build analytics solutions? (10 Marks)
Answer 1A.
Introduction
Technological innovations inside massive information infrastructures, processing, and solutions enable businesses to convert becoming computation companies. Significant facts are recounted among the maximum extensive explored in future virtual technologies and have been increasing quicker, particularly from networking sites of objects phenomena. Due to the fact, massive facts can be a crucial differentiator, and each organization should have considerable statistics skills to
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Answer 1B.
Introduction
Cloud computing facilitates extensive data to modify and disseminate accumulated records as they should be. This also secures enormous quantities of records using Map Reduce. The primary purpose of extensive records appears to be to collect, manage, display, then examine significant amounts of statistics, which might be accomplished via cooperation using cloud packages. Cloud
Q2. There are plenty of cashless payment options that have grown in last 3 years — like UPI, NetBanking, Open banking apps, USSD, AEPS etc. The driving force in the evolution of the payment system has been the need to give users the ease of doing it as it directly affects the purchase pattern of a customer.
It is because of this reason that Mobile wallets like MobiKwik, PayTM, Oxigen, Amazon
Pay, Google Pay have become the forerunners of the digital payment industry. While these
wallets are penetrating into very small businesses and non-tier-1 cities initially with their cash-backs, they have innovated and provided easy user experience that needs minimum learning by a user. For example, payment via scanning a QR Code or simply entering merchant’s mobile number is easy. Sending money to a friend to clear debts is just a click- or-two away. To add on to this, apart from simplifying payments, the value-added services like bill payments, ticket booking provided by these wallets have made them the preferred payment option of the savvy Indian consumer.
The future of digital payments lies in providing further simplified and secure user experience, while increasing its adoption by leading socio-economic changes at the grass root level. Mobile wallets are good, but still need taking out the smartphone followed by some action by the user, which is no better than taking out the credit card for payment. Next simplification lies in secure identification and payments (by face detection, voice, sound) which can further disrupt and exponentially grow the digital payments wave.
a) How does the mobile analytics play a role in the growth of digital payments? Mention 2 key business metrics which can be tracked to check the status of digital payment evolution.
(10 Marks)
Answer 2A.
Introduction
Digital payments assure complete transparency across all sports. When the whole thing is executed electronically, there’ll usually be a way to authenticate and comply with activities. It can come to be impossible to secure everyone responsible for extra fees simultaneously as the usage of coins transactions. Digital payments make contributions to the availability of
- b) State and explain the possible (descriptive/predictive/prescriptive) analytics solutions which can be used to enhance the reach of digital payments within 2 and 3-tier cities.
Answer 2B.
Introduction
Business analysis is the systematic technique at some point in which corporations analyze the use of different technological gear to acquire statistics that improve corporate methods. Businesses implement four components of information to influence company strategic planning: predictive analysis, which teaches approximately what may have transpired; prescriptive modeling, which
3.a. Explain the difference between BI and BA as to how can they help optimize supply chain of an e-commerce business venture? Illustrate the possible outcome achieved in each case (BI vs. BA) and how they enable business objectives. You can make certain assumptions but highlight them clearly. (5 Marks)
Answer 3A.
Introduction
“Business intelligence” improves logistics operations by enabling facts analyses. But, recognition BI takes it one step beyond by enabling applications to manipulate their inquiries and build their facts, especially whether they have no previous revel in with statistical analysis. “Business
3.b. In the logistics and transportation business, how do you use analytics to maintain demand- supply balance ongoing? Explain the analytics methodologies used to optimize the supply chain. (5 Marks)
Answer 3B.
Introduction
“Logistics and transportation” are worried about moving commodities from one point to another. Although the terms “logistics and transportation” are also used interchangeably, the differences are superficial: logistics also offer storing, transporting, cataloging, processing, and packing
IT project management
Q1. A consultancy organization is planning to implement Project Tracking applications for their key projects. The senior manager wants to check the applicability and possibility of implementing such an application inside the organization. They decided to conduct the feasibility study for this application. Provide a report to the management about how to conduct the feasibility study. (10 Marks)
Ans 1.
Introduction
A feasibility study is an exam that evaluates all of a mission’s aspects of making plans economical, medical, administrative, and described establishes the feasibility of the task. Whether an application is practical or not can rely upon various components, such as the unique assignment and rate of return, which means whether or not the initiative earned sufficient sales from clients. But, a feasibility evaluation isn’t always wholly applied for agencies aiming to assess and estimate financial rewards. In different words, possible can imply the other, Its Half solved only
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Q2. In a software development company, development team keeps getting change requests from the client and other stakeholders. Company is planning to establish a change management process. Describe the change management process. (10 Marks)
Ans 2.
Introduction
Trade management is a scientific approach to “managing the transition or transformation of an enterprise’s goals, techniques or technologies. Change manipulation aims to undertake strategies for effecting alternate, regulating alternate, and allowing people to comply with exchanging. Such strategies consist of getting a scientific manner for searching out an alternate, further to techniques for responding to requests and following them up.” The exchange control method has to cautiously recollect how an alteration or opportunity would possibly alternate mortgage
Q3. Describe following IT project risks
a. Schedule and Budget risk (5 Marks)
b. Technical risk (5 Marks)3a
Ans 3a.
Introduction
“Risk is an unpredictable future event which can occur and may be lost.”
Risk evaluation and understanding is essential attention in any task. Advice on gaining computer hazard can help improve budgeting and work execution.
Ans 3b.
Introduction
structures engineers take part in this manner to assist in assessing key technical dangers, growing mitigation plans, and staring at the advanced conceptual to see if new risks get up. In contrast, old potential risks can be decommissioned, and to be prepared to speak and manage concerns.
Consumer behavior
Q1. Celebrities, particularly movie stars, TV personalities, popular entertainers, and sports icons, are a symbolic reference group because they are liked, admired, and often have a high degree of perceived credibility. Therefore, many marketers use them to promote their products and services. Please state what parameters would a marketer consider for determining which celebrity should be used for a particular brand. Analyse the role of celebrity star Amitabh Bachchan in influencing consumer behaviour as a brand ambassador for Gujarat Tourism (10 Marks)
Answer 1.
Introduction
Domestic traveler arrivals in Gujarat have virtually expanded drastically, with an about 70 percent increase from within the country, a 50 percent increase from other areas of India and non-resident Indians, and an about 100 percent increase from international visitors. Gujarat Tourism has engaged in the “Khushboo Gujarat Ki” campaign with renowned Hindi film big name Amitabh Bachchan as the logo ambassador during the last three years. It sponsored a case study on Gujarat’s branding attempt and its impact on vacationer arrivals. The initiative has
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Q2. Culture is the fundamental determinant of a person’s wants and behavior. The growing child acquires a set of values, perceptions, preferences, and behaviors through his or her family and other key institutions.
- Explain culture, sub-culture
- Analyse any 3 typical values that Indian children are exposed to from their childhood which are part of our culture and how they impact their purchase choices when they grow (10 Marks)
Answer 2a.
Introduction
Way of life can be described as the manner of life of people in a specific culture. Human beings are mastering the applicable and anticipated norms of morality. For example, while a toddler is born, it isn’t the simplest straightforward; however, it also recognizes a way to react. This
Answer 2b.
Introduction
The eye of advertisers and media liaisons to child customers has multiplied dramatically in the latest years. The idea of advertising for small customers isn’t new, but the methods to put kids inside the marketplace location are like this. sales include no longer the most effective product,
Q3. Answer the following
a. What is Customer Involvement – Explain the 4 types of customer involvement in product purchases (5 Marks)
b. Classify the following purchase decisions in terms of the above i. Buying a gift for your parent’s 25th wedding anniversary
ii. Laptop
iii. Groceries for daily use at home
iv. Ordering-in food at home on a Sunday evening through Swiggy / Zomato (5 Marks)
Answer 3a.
Introduction
Some customers are more interested in gadgets and buying than others. A consumer passionate about a product will want to examine the whole thing to recognize approximately it earlier than making a buy. As a result, he drastically reads brochures, evaluates brands and models presented at various places, asks open-ended questions, and seeks recommendations. Consequently, client
Answer 3b.
Introduction
The type of objects a customer needs to shop for affects their decision to buy. When shopping for espresso, the patron’s conduct is very one of a kind from that of the patron when shopping for an automobile. The extra complicated transactions and the more high-priced digging need to be
Digital marketing
Question 1. Assume you have joined an organisation “WealthMax” that deals with investors who are investing in various financial products like Mutual Funds, Equity, Cryptocurrencies, ETF, etc. The company is not available on any online platform. The online visibility is ZERO. You are a modern-day digital marketer and you have decided to increase the online visibility of the brand WealthMax. What are the various ways through which you will promote your brand online? Explain minimum five platforms with explanation to increase online awareness. (10 Marks)
Ans 1.
Introduction
Digital marketing, now and again called online marketing, refers to any marketing program on a laptop. Groups use digital structures with websites, social networking websites, email, and different structures to connect with modern and future buyers. This includes email with textual content or included messaging. Professional direct communicators may also say that direct mail and online marketing are similar matters, with minor differences. We also talked to advertising teams inside the US, UK, Asia, Australia, and New Zealand and discovered how minor Its Half solved only
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Question 2. The owners of WealthMax have shown some reservation for going online, you need to explain them the difference between Traditional and Modern Marketing. Also, explain various marketing era’s with example. (10 Marks)
Ans 2.
Introduction
The modern business model focuses on the wishes and goals of customers and aims to meet their clients’ pleasure. Modern advertising is carrier-orientated. It focuses on modern advertising processes and is associated with significant concepts. At the time of writing, advertising and marketing do not appear to focus on creating a pricing method and worldwide attain; however, more on relying on the system’s capabilities to attract clients.
Question 3.
3a. You plan to purchase a new smart phone but this time you plan to do this in scientific way so you have decided to use a model that encompasses various need satisfying behaviour. Explain the process of smart phone purchase with reference to ‘Engel, Blackwell, and Miniard (EBM)’ Model. (5 Marks)
Ans 3a.
Introduction
The “consumer decision version (additionally called the EngelBlackwellMiniard model) became initially based in 1968 via Engel, Kollat, and Blackwell and have gone thru several iterations; it can be noted that most of the version’s features are much like the ones described in purchaser
3.b. Assume you have been invited to speak on a forum covering major types of media. The participants attending the seminar are under graduate media students. You have decided to cover all major types of media with minimum two advantages and disadvantages of each type of media. Write the above content that you plan to speak in the forum with examples. (5 Marks)
Ans 3b.
Introduction
Then when a newer social media network develops, it’s critical to understand the differences among any such trendy and best factor and a very quickly website online that has the functionality to stick. While no one will ever read the destiny, one method to assess if a website
aged in issues relating to their area.
International Business
Q1. “War between Russia and Ukraine is not only affecting trade of these two countries but entire Global Business.” – In the light of above statement analyze International Business Environment. (10 Marks)
Answer 1.
Introduction
The business primarily based on an international platform is related to the contiguous on whom various global companies are strolling their all business. Those business platforms relate to the link between numerous nations and their all territories, and their all business culture creates the international business environment. The enterprise surroundings are stricken by diverse social, cultural, monetary, and no secular issues. Within the case of a fight or war among countries like Russia and Ukraine, the arena’s business economy has been affected. This happens because of
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2. “Documentary Letter of Credit collection method is the most popular mode of collecting payment by the exporters” – Analyse the statement.
How is an irrevocable L/C different from back to back L/C? (10 Marks)
Answer 2.
Introduction
The process of documentary letter of credit collection is away. On this approach, the exporter’s bank requests the importer’s bank by sending the info of the files of the transaction and the products lists. The bank of importer here issues the authority the L/C or letter of credit. The method continually enables the import and export process to be safe and comfortable. There are various types of L/C, and they are Revocable and irrevocable LC, including the confirmed and
Q3. In early 2000, “United Colors of Benetton”, The Italian Casual Wear Brand decided to restore it’s lost sales through a shift in strategy. They decided to allow the country managers to adapt the product offers and rework on the marketing strategies. Products were redesigned keeping in view the physical differences among various contries customers. Regional flavours were added in product features and communication specially when more than 50% business started coming from emerging markets.
- How does the Brand “United Colors of Benetton” demonstrate the Globalisation of markets? (5 Marks)
Answer 3a.
Introduction
The world economy has been given all independence thru the technique of globalization. Globalization approaches the buying and selling of numerous products within the global or worldwide marketplace, taking a stand within the competitive edges. Globalization has given
- Do you think that this strategy is appropriate for emerging markets? (5 Marks)
Answer 3b.
Introduction
Within the growing marketplace, globalization brings more significant challenges and more opposition. Various domestic companies are getting extra innovative and modern to fight the issues. The rising markets use those natural sources which are less pricey. The rising markets in
Organizational Theory, Structure and Practice
Q1. ‘Housing Depot’ has hired you as an HR Consultant to help them improve their processes. Explain the 7S framework for this home furniture company. Give suggestion on any one type of organisation structure that will suit this organisation. Give justification for your choice. (10 Marks)
Answer 1.
Introduction
A company’s success is based on its all infrastructure, inclusive of its all workforce. This is also primarily based on their work culture and environment. The business strategy that they have adopted also maintains that means. There should also be an appropriate conversation between all groups of workers and the HMR or the enterprise’s CEO. Businesses must also carry a perfect vision and project for their all destiny that they need to develop inside the coming years or period. The corporation’s universal control ought to be pleasant to employees and discovered by
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Q2. Rachel wants to start her own IT consulting firm. She has hired you for handling the HR processes. As her HR expert, explain the three organisational approaches that describe the functioning and performance of individuals. In your opinion, which approach is the best? (10 Marks)
Answer 2.
Introduction
The development of any company is based totally on various theories and methods. They may be all related to the individuals at once and indirectly related to the organization. This also adds to the system and purpose of commercial enterprise. The business processes are also based on the human resources and the personnel, consisting of the techniques used inside the enterprise. The organization’s progress constantly depends on how revolutionary the mind of all employees and the HRM is. The organizations apprehend numerous troubles in sequences and then try to resolve
Q3. Steve, VP- HR and Samantha, the Business Head can never agree on the ways to increase organisational effectiveness of their advertising business. Steve focusses more on the different levels of maintaining organisational effectiveness but Samantha is more in favor of taking up a specific approach. In this context,
- Discuss how Steve will implement the organisational effectiveness on the different levels. (5 Marks)
Answer 3a.
Introduction
The company’s effectiveness on extraordinary ranges interior a company may be measured via various factors. First, they need to be from the leaders to all employees. Inside an organization, there should additionally be profound communication among all employees. Better
- In your opinion, why do you think that Samantha is more in favor of the Goal approach in spite of its loopholes? (5 Marks)
Answer 3b.
Introduction
Every organization must repair a purpose of destiny regardless of all negativities that it has in contemporary times. For this cause, there’s additionally a want to have a good team who can work in challenging times for this motive. There must also be an excellent chief who can guide