Business
Economics
Internal Assignment Applicable for April
2020 Examination
1. The concept of elasticity
for demand is importance for determining the prices of various factors of
production. Discuss the various factors that influences the price elasticity of
demand.
2. Complete the hypothetical table below
and explain in brief, the behaviour of each type of cost.
|
Quantity
|
Total Fixed Cost
|
Total Variable
Cost
|
Total
Cost
|
Average
Fixed Cost
|
Average Variable
Cost
|
Average
Total
Costa
|
Marginal
Cost
|
|||
|
0
|
0
|
|||||||||
|
1
|
25
|
|||||||||
|
2
|
40
|
|||||||||
|
3
|
50
|
|||||||||
|
4
|
60
|
|||||||||
|
5
|
100
|
80
|
||||||||
|
6
|
110
|
|||||||||
|
7
|
150
|
|||||||||
|
8
|
300
|
|||||||||
|
9
|
500
|
|||||||||
|
10
|
900
|
|||||||||
3. Demand forecasting in an
organisations plays a vital role in business organisations
It provides reasonable data for the organization's
capital investment and expansion decision.
a. Keeping the above
statement in consideration. Discuss the various steps involved in demand
forecasting (5 Marks)
b. Discuss the various needs
for demand forecasting in business organisations?
Corporate
Social Responsibility
1. Select any listed Indian
or International Public Limited Company and list down its CSR activities. Also
provide any 3 alternative CSR activities that the company should implement.
2. Assume you plan to
develop and implement one of the CSR activities in the organization, explain
the steps that you would follow for CSR development and implementation strategy
in the organization. (10 Marks)
3. a. “It is the
government’s job to do CSR activities and corporates should focus their
attention on Profit” and “Companies should only focus on profit”. Explain your
view point on both these statements. (5 Marks)
3. b. Explain at least 4
voluntary Codes of CSR that you would want an organization to apply.
Explain the reasons for your
selection. (5 Marks)
Management Theory and Practice
Raj is working as a consultant in an MNC M/s
Swadeshi ltd. that deals with Fast Moving Consumer Products. Raj has been
appointed by the directors of the organisation. The company wants Raj to take
care of a few problematic areas that the company is facing currently. The
following issues are being faced by the organisation:
a) Excessive
internal communication - The Company has opened multiple channels of
communication for its employees. They can communicate with each other via Email,
Whatsapp for Business, Internal Messenger, SMS, etc. The same message gets
posted on multiple platforms and in the process the employees waste lots of
time in checking notifications and then replying.
b) The employees
are involved in taking lots of print outs for all the documents even if it's
not required. This is adding a lot of cost and it has an adverse environmental
impact.
c) The employees
believe in individual achievement and growth but lack the quality of working in
a team. The coordination among employees from various departments is missing.
d) There are
some employees who are reporting to two or three bosses and it leads lot of
chaos in work completion.
e) The employees have this
habit of ordering every organisational requirement two months in advance. This
adds to a lot of cost of holding inventory.
1. Suggest solutions to Raj
to handle various problems that exist in the organisation.
(10 Marks)
2. M/s Swadeshi Ltd is
facing an issue of non-motivated employees. There is no motivation among
employees to work, no one takes initiatives. Employees feel that their work
never gets recognised and rewarded. Explain various ways to motivate the
employees of the organisation. (10 Marks)
3. a. Explain the change management process that M/s
Swadeshi Ltd should follow to improve the functioning of the organisation.
3. b. An autocratic leader at the top makes
employees feel unsecured. The CEO never consults the team for taking decisions.
Explain with reason, the leadership style that will be suitable for M/s
Swadeshi Limited.
Business
Communication
1. The AlphaPlus Project
that your company has been working relentlessly for is unfortunately being
cancelled due to competition concerns and the state of the national economy.
You, as the Project Lead, are to write an email to the employees working on the
Alpha Plus Project
Since this is a case of
negative news that might come as a shock to your employees, you decide to start
the email with an effective buffer. What is a buffer? What are the different
types of buffers? Give examples of any 4 buffers you might use in the above
situation.
(10 Marks)
2. Convert the following
sentences from active voice to passive voice. Discuss which sentence version is
more effective.
a) We cannot
authorize the repair of your Smart TV since you have allowed the warranty
period to expire.
b) I cannot give
you a cash refund for items that you purchased over 60 days ago.
c) Hinduja
Hospital does not accept patients who are not members.
d) You must
submit all reports by Friday 5 PM.
e) You added the 2 columns
instead of subtracting them, thus producing the incorrect total. (10 Marks)
3. You have just
finished drafting a proposal for a coveted project. You want to make sure that
you haven’t overlooked anything.
a. What are the different
proofreading techniques you’d employ to make sure your proposal is error-free? (5
Marks)
b. How would you make sure
your proposal is readable? Name 2 Readability Indices you could use.
Information
Systems for Managers
1. Pais Industries Limited operates in five business
verticals viz. engineering, construction, instrumentation, software services,
and consumer electronics. Its Corporate Information Technology Division (CITD)
is looking for adopting cloud and has invited you to provide recommendation for
cloud deployment model. You are required to provide a brief report
explaining pros and cons of
each cloud deployment model and recommend the most appropriate deployment
model. (10 Marks)
2. With the number of
transactions increasing online daily, cyber-crime is gaining foothold.
Individuals and organizations need to take measures to ensure that they do not
fall prey to such vicious activities. Cybercriminals have found different ways
in which they can cause harm to the users. Give two examples of any
organizations being prey to cyber-crime in 2019. (10 Marks)
3. The Sadpat Group started
operations in the year 1992 with a vision to provide unparalleled quality
service to a spectrum of Maritime and Oil & Gas Industry. Sadpat is now one
of the major players in Dry Docking and Ship Repair in India. Sadpat has also
become a formidable group in providing offshore logistics to support the Oil
and Gas industry. Recently a company that makes ERP software has approached
them to provide a complete solution so that it can integrate its business
processes. They wish to invest in a solution which will enable them to manage
all their activities namely offshore engineering, offshore logistics, coastal
logistics and port services, dry docking and ship repairs and inland waterways.
a. What are the benefits of
implementing an ERP software that the software company needs to highlight? (5
Marks)
b. In your opinion, what
challenges do you think Sadpat may face while implementing an ERP package? (5
Marks)
Organizational Behaviour
1. Joey works for a media
company as a project coordinator. His boss, Ross is not sensitive and wants
every chore to be done according to his way without even considering team’s
perspective. If Joey commits any insignificant mistake, then also he is reprimanded
in front of the entire team. Ross wants Joey to stay late beyond office hours,
even when his work is complete. Considering this situation explain the pitfalls
in leadership shown by Ross. (10 Marks)
2. As Organisational
behaviour is gaining importance in this world of disruptive technology and
constant changes. Several challenges have also been posed. As a coin has two
sides; challenges also brings in a lot of opportunities. Analyse the
contemporary situation and list down some opportunities and challenges of OB
(10 Marks)
3. Case:
Kushal is a trainer for
Yummy Tummy a home grown brand, in FMCG business. He is very hard working and
did brilliantly with the managers on their writing and helped them to feel more
confident about it. Kushal worked with top executives as well as the shop floor
level. He then realized that teaching and training people at ground level was
his calling. Kushal was one of the top paid employees. Kushal met Mark, his
superior and explained to him that he wanted to be associated in teaching and
training only the ground level employees as there is a huge gap and area of
improvement. He also agreed to work on reduced salary and started offering
language classes as an add on benefit to the trainees. It was noticed that in
due course of the time their productivity increased and some of them even began
to apply for supervisory positions.
Case Questions
a. Which Content theories of
motivation would explain why Kushal was unhappy despite his high income? (5
Marks)
b. Kushal seems to have
drifted into being a teacher. Given his needs and motivations, do you think
teaching is an appropriate profession for him?
NMIMS 1st sem April 2020 Assignment
solution
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