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Assignments of One Year MBA
Semester – I
1.Principles and Practices of Management
How will you influence people to strive willingly for group objectives in your organization (target based industry)? Apply your interpersonal influence through communication process towards attaining your specialized goals?
Answer : Motivating a group of people presents a challenge for every group leaders. Every individual has different motivating factors and you may be faced with a group of people who each need to be motivated in a different way. To get an entire group or team motivated to work on a project, special care must be paid to the motivating factors used and the individual personalities of the people who need to be motivated.
Step 1
Give the entire group a set focus. Whenever we are working with a group, it is essential to have everyone on the same page. It is also helpful if they can feel unified in reaching the end result of a project. If necessary, schedule regular team meetings to make sure that everyone in the group is motivated and working toward their individual goals as a part of the whole.
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2.Human Resources Management
The present state of recession in the IT Industry – as a Human Resource Manager how are you going to undertake Human Resource Planning at Macro Level to tide over this crisis?
Answer : HRM Role in Recession
The recession is healthy, from time to time. The recession helps to stop the businesses, which are not bringing value added and the human capital is transferred to more vital businesses at lower costs. In the companies, which survive the recession, the HRM Role is very important.
The recession is very dangerous for the companies. During the times, when the business grows dramatically, the HRM Function introduces different policies, which are focused on spending money. The company was able to carry all the costs and the employees started to take the policies as the standard.
In time of the recession, the HRM Role is to make cost cuts and the HRM Function has to provide the list of the policies and the procedures to be cancelled or discontinued. The employees do not like it, but the company has to return to the healthy basis for the future growth.
The HRM Function has to be able to identify the top potential in the organization quickly as the company needs to make the cuts in the human capital of the organization. The HRM Function needs to provide the tools to managers to inform their key employees about the security, the company wants to offer to key employees.
3.Financial Management
What will your outlook towards maintenance of liquid assets to ensure that the firm has adequate cash in hand to meet its obligations at all times?
Answer : Almost every action of company has financial implications, manager responsible for or with oversight of cash flow get directly involved in many functional areas of the business. Cash flow manager although in large company the financial management function may be broken down into various segments and the cash flow management segment may concern itself primarily with short term management issues, or the daily cash flow management task.Examples of these would be the maintenance of only minimum balance in non-interest bearing bank accounts, the movement of excess cash into short-term investment , and the maintenance of adequate cash balance to cover the normal operating expenses of the company that must be paid from day to day. In any event , those responsible for short term cash flow must consider the long term financial management objective of the company.
Objectives of the Financial Management
- To ensure that the company always has enough cash to meet its legal obligations and avoid illiquidity – i.e. to maintain adequate short term financial flexibility.
- To arrange to obtain whatever funds are
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4.Marketing Management
If you are working in a super market, what techniques/ tools you will use in data collection. How are you going to analysis the data and make inferences? How will you finally apply your market research to improve sales and win over customers?
Answer : Primary data-collection methods have been understood and studied to a great degree. For example, volumes can be written on the proper way to conduct a survey-based study. However, the process of collecting data from a retail establishment is not as well documented. This paper covers the tools and strategies used to collect weekly data in a retail environment and make some suggestions for future researchers so that they may avoid similar problems that occurred during the data collection and entry process.
In a traditional retail environment, prices and advertisements are not the only factors that are influence consumers’ purchasing behaviours. Factors such as product placement, display size, product appearance, etc., can all influence consumers’ decisions. Expanding on the classical economic-demand model, a study was developed to investigate how different retail marketing strategies influence consumers’ purchasing behaviours
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5.Organizational Behaviour
If you are made the campaign leader for a particular political party. How will you use your leadership skills to motivate your party men to ensure success of the party nominee in the elections? (Focus on the individual, motivate and apply leadership style).
Answer : “A leader takes people where they want to go. A great leader takes people where they don’t necessarily want to go but ought to be.”
Bringing unity and coherence to a group of people is perhaps one of the most difficult tasks, which require effective leadership qualities. Be it politics, business or even sports, leaders are required in any situation that calls for a joint effort. Every leader has his / her own unique leadership style. Broadly speaking, there can be several effective leadership styles, which are as follows:
[A] Effective Leadership Styles: Director’s Approach
This leadership style is somewhat authoritarian in its approach since the leader has a specific goal in mind and directs the team towards the goal according to his plan of action. The leader identifies the requirements of the situation and creates a plan to handle the situation. The leader is completely in charge of division of work and specifically assigns roles for each and every team member. In this style of leadership, the leader has the final word on all the decisions and rarely asks for suggestions from the team members. The leader, who uses a director’s approach for leading a team, usually supervises and evaluates the work of every individual.
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6.Principles of Economics
Suppose the price elasticity of demand for text books is two and the price of the text book is increased by 10%. By how much does the quantity demand fall? Inter the result and discuss reasons for the fall in quantity demand?
Answer : Price elasticity of demand (PED) is defined as the responsiveness of the quantity demanded of a good or service to a change in its price.
|
Percentage Change in Quantity Demand for product A
Percentage Change in Price for Product A
So,
Percentage Change in Quantity Demand for Product A
= PED X Percentage Change in Price for Product A
Given, PED of Books= 2,
Percentage Change in Price for Books = 10%
So,
Percentage Change in Demand for Books
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