Wednesday, August 13, 2014

MS - 96 Total Quality Management

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ASSIGNMENT

Course Code                      :               MS - 96
Course Title                       :               Total Quality Management
Assignment Code            :               MS-96/TMA/SEM - II/2014
Coverage                             :               All Blocks

Note :Attempt all the questions and submit this assignment on or before 31st October, 2014 to the coordinator of your study centre.


Q. 1. Select a restaurant of your choice. Identify some of the micro operations that might be found in a good restaurant operation. List out the things which might go wrong in each of them, thereby affecting the quality of the restaurant. Assess the impact of them on the end user or external customer.

Answer: Honeydukes Restaurant, it is one of the macro operations. The micro operation starts from buying ingredients from suppliers, receiving and stocking up the ingredients and preparing the ingredients. Then as for customers, they need to queue up for ordering and pay for the food, the cook will then prepare the food according to the orders from the customers and the food will be served. The last micro operation would be clearing up the tables for the other customers. The facility is the restaurant building itself and staffs are the one who order the ingredients and food (materials), cook and serve customers. The information would be the menu. The predominant resource is customers. The business for it is accountable on the customers. Without them, the restaurant would go bankrupt. The customers of the restaurants are usually older people, women and children.

Q. 2. Read the manual of ISO 9000 or an equivalent and assess its potential impact and relevance on the quality of an organization.

Answer: ISO 9000 is a set of international standards of quality management that have become increasingly popular for large and small companies alike. "ISO is grounded on the 'conformance to specification' definition of quality, " wrote Francis Buttle in the International Journal of Quality and Reliability Management. "The standards specify how management operations shall be conducted. ISO 9000's purpose is to ensure that suppliers design, create, and deliver products and services which meet predetermined standards; in other words, its goal is to prevent non-conformity." Used by both manufacturing and service firms, ISO 9000 had been adopted by more than 100 nations as their national quality management/quality assurance standard by the end of 1997.

Q. 3. Why do organizations go for Quality Awards? Discuss with the help of an example, the advantages and disadvantages for an organization considering applying to be assessed for a major quality award.

Answer: The Northern Ireland Quality Awards process was established in 1994. Based on the internationally recognised EFQM Excellence Model, the process provides one of the most robust means of assessing how well an organisation is performing. The criteria, whilst comprehensive, are appropriate to all types and sizes of organisation, irrespective of sector. Of the 200 plus organisations that have been involved in the process, the applicants include micro-businesses, Government Agencies, Large Public sector Departments, Councils, Schools and Colleges, Hotels, multi-national private companies and those from the Voluntary sector.



Q. 4. The worldwide fast-food restaurant chain McDonalds has never actually used TQM guide. Despite this, their quality is renowned for being excellent throughout the world. Explain this keeping in mind the concepts of Total Quality Management.

Answer: TQM evolved out of applications in manufacturing companies such as Toyota, IBM, and Motorola. In the 1990s service companies began to realize that they could benefit from quality management. This is important since the service sector is the largest segment of the U.S. economy employing almost three times as many people as
Q. 5. Do you think that Professional status and code of ethics are important for an organization? Justify giving examples.

Answer: Business organizations often develop several different policies, rules and guidelines for governing their operations. While home-based or sole proprietorship businesses usually require fewer policies, larger organizations use these guidelines to manage employee behavior. A code of ethics is a common organizational policy used in business organizations. The code of ethics policy usually sets the minimum standards for business owners,
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MS-04 MANAGEMENT PROGRAM

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ASSIGNMENT

DRIVE FALL
2014
PROGRAM
MANAGEMENT PROGRAM
SUBJECT CODE & NAME
MS-04 Accounting and Finance for Managers
SEMESTER
II
BK ID
MS-04/TMA/SEM-II/2014
CREDITS
4
MARKS
60


Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

1 Study the Accounting Information System being followed in your organization, Prepare a report on the functioning of this system and also give your views on how the system could be improved.

Answer : The Accounting Information System of the firm starts from journalising the transactions that have taken place and then posting the journal entries into proper ledger. It then involves preparing the trial balance of the firm. After the preparation of trial balance if there are any adjustment entries or rectification entries are there then the same are recorded. After recording the adjustment and rectification entries, the profit and loss account and the balance sheet of the firm is made. The whole system is called preparation of final accounts. There are many ways of maintaining the accounting information


2 You are required to prepare the company’s Balance Sheet as on 31st March 2014, and its Profit and Loss Account for the year ended on the date, from the information provided and also making necessary assumptions wherever required. The under mentioned balances appeared in the books of Dingo Flour Mills Ltd, as on 31st March 2014.
Answer
Balance Sheet of Dingo Floor Mills Ltd. As on 31st March 2014

Liabilities
Amount
Assets
Amount




3 Gattu Corporation makes a driveway sealing compound that it sells in 5 gallon cans for Rs. 50 Per can. Company’s sales personnel have estimated annual sales of 3,600 units divided among the quarters as follows:
First quarter 1,000 units
Second quarter 1,100 units
Third quarter 800 units
Fourth quarter 700 units

Operating capacity of the manufacturing facilities is 900 units per quarter. Production of more than 900 units requires additional costs. Production cost is Rs. 30 per unit and there would be a 20 percent increase in cost for units in excess of 900 per quarter. The production manager is evaluated on the cost of production, whereas the sales manager is evaluated on the basis of sales revenue. The sales manager claims that if he had only 900 units to sell in each of the first two quarters, the unsatisfied customers would switch to new products and sales in each of the last two quarters would be 50 units less than estimated.
You are required to prepare sales and production budgets to determine how production should be scheduled and to resolve the conflict between the sales and production managers.
Answer
Sales Budget
1st Qtr
2nd Qtr
3rd Qtr
4th Qtr
Sales
1000
1100
800
700
Restricted to
900
900
Loss due to Restriction
-50
-50



4 Kongo & Sons is considering two mutually exclusive projects. Both need a initial cash outlay
of Rs. 10,000 each, and have a life of five years. Company’s required rate of return is 10 percent and pays tax at a 50 per cent rate. The projects are going to be depreciated on a straight line basis. The before taxes cash flows expected to be generated by the projects are as follows:
Year
1
2
3
4
5
Project P (Rs.)
4,000
4,000
4,000
4,000
4,000
Project Q (Rs.)
6,000
3,000
2,000
5,000
5,000

Answer :  
1)  PAYBACK PERIOD
Payback period is the period with in which the cumulative cas in flow is equal to
cumulative cash out flow
On the project. The payback period for the two projects are computed below:

Year
For the year
Cumulative
For the year
Cumulative


5 a) Describe five different categories of PHP Operators. What do you mean by Financial Planning? What would be the consequences if there are no budgetary control systems?

Answer :  Financial Planning refers to chalking out the financial structure of the company i.e. whether the company will be financed with equity only or whether the capital structure of the company will contain debt also. After determining the capital structure then it involves identifying the sources of capital. The equity will involve owner’s capital and also funds from friends and family, whereas debt will include short and long




5b)  Explain briefly about the determinants of Capital Structure?

Answer : There are two determinants of capital structure. They are equity and debt. . The equity will involve owner’s capital and also funds from friends and family, whereas debt will include short and long term borrowings from banks and financial institutions.
Determinants of capital structure: capital

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MS - 10 Organisational Design, Development and Change

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ASSIGNMENT


Course Code                      :               MS - 10
Course Title                       :               Organisational Design, Development and Change
Assignment Code            :               MS-10/TMA/SEM - II/2014
Coverage                             :               All Blocks

Note: Attempt all the questions and submit this assignment on or before 31st October, 2014 to the coordinator of your study centre.


Q. 1. Describe any three organizational structures and their advantages and limitations. Illustrate with reference to an organization you are familiar with how restructuring help in the effectiveness of their organization.
Answer: Companies use three common types of organizational structure most often. But the type of organizational structure they choose is often based on their goals, reporting priorities and key strategies of upper management. Small companies usually start out with flat organizational structures, where workers of various backgrounds share business decision responsibilities. Small-business owners must eventually decide what organizational structure is most practical as their companies
Q. 2. Discuss the importance of quality of work life in the present day work – situation. Comment on the quality of working life at your present workplace or a workplace you are familiar with and if there needs any improvement suggest methods.
Answer:QWL is a process by which an organization responds to employee needs for developing mechanisms to allow them to share fully in making the decisions that design their lives at work. QWL is “The degree to which members of a work organization are able to satisfy important personnel needs through their experience in the organization” by J Richard and J Loy.
The basic purpose is to develop work environments that are excellent for people as well as for the economic health of the organization.“When organizations


Q. 3. Explain how organizational analysis helps in the development of an organization. Illustrate an intervention which is used for the development of the organization which you are familiar with. Briefly describe the organization you are referring to.
Answer: Essential components of carrying out an organizational analysis include evaluating external factors that can affect the organization’s performance as well as strategically assessing the organization’s own resources and potential. Internal strengths and weaknesses along with outside opportunities and threats are keys to an organization’s success. SWOT analysis, which stands for strengths, weaknesses, opportunities and threats, is a strategic-planning method an organization’s leaders often use to aid them in establishing business objectives or achieving the organization’s mission goals.
Q. 4. Discuss how resistance to change could be managed in an organization. Describe with reference to few organizations how change was managed successfully.
Answer: In business, the one thing you can be assured of is change. As the economy ebbs and flows, so must the strategies employed by business. If your organization experiences change it may also need to implement new business strategies, which can create resistance among employees. While every organization is different, there are some common best practices that can help to overcome resistance to new business strategies.
Step 1: Create a way to communicate with employees about new initiatives and their progress. Instruct key management to provide employees with regular updates at
Q. 5. Briefly describe the competencies required for a change agent and discuss the diverse roles of a change agent.
Answer: What competencies should leaders and agents excel at to be successful? Are you building a Community of Practice or Centre of Excellence?  What’s on your list?  Below is my top-ten list for change agents―with a bonus for change targets. A previous post provided my top ten list for change leaders.  Late addition: Some might ask why there is no mention of methodologies or tools here—to which I would like to quote my friend Tamara Moore “A fool with a tool is still a fool”.  Perhaps the two single most critical success factors in executing change are the quality of the sponsor and the agent.  So what makes for “
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Thursday, August 7, 2014

MS-02 Management of Human Resources

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ASSIGNMENT

Course Code                                      :                                               MS-02
Course Title                                       :                                               Management of Human Resources
Assignment Code                            :                                               MS - 02/TMA/SEM-II/2014
Coverage                                             :                                               All Blocks


1. “Borderless world, Diversity, and Knowledge Power are the three broad phenomena of 21st century, posing challenges to the corporate world and culminating into fierce competitive environment”.

Elaborate this statement and discuss the underlying concepts, specifically in respect of the challenges faced by the corporates in managing Human Resources.
Draw examples from the cases you are aware of. Briefly describe the situation and organizational limitations you are referring to.

Answer: With the increase in competition, locally or globally, organizations must become more adaptable, resilient, agile, and customer-focused to succeed. And within this change in environment, the HR professional has to evolve to become a strategic partner, an employee sponsor or advocate, and a change mentor within the organization. In order to succeed, HR must be a business driven function with a thorough understanding of the



2. Define and describe the inter-relationship between Self-Concept, Concept of Role and Orgnisational Socialisation. Explain with examples, you have come across or aware of. Relate your response with the socialization factors in organizational socialization process. Briefly describe the organization you are referring to.

Answer: In order for us to study this theory, we need to know first the history of the development of self-concept theory. The earliest milestone in the self-concept theory is that of Rene Descartes, who proposed that a person’s existence depended on how he perceives so. Sigmund Freud, one of the most prominent psychologists, proposed many

3. What is the role and purpose of Human Resource Accounting? Explain with suitable examples, citing the limitation this process has in organizational situations. Draw from your own experience or the ones you are aware of. Briefly describe the organization, situation and organizational dynamics you are referring to.

Answer:HRA seeks to measure the abilities of all employees in a company at all levels to produce value by way of knowledge & capability. As recession forces consumers to stop investment, producers are forced to go for employee curtailment.


4. What are the key factors governing motivational aspects of Reward Management, which have substantial impact on development, implementation, maintenance, communication, and evaluation of reward process? Explain with examples from your own experience or the ones you are familiar with.
Briefly describe the organization and the situation you are referring to.

Answer:Reward management policy and practice are subject to a number of influences. As summarized below, these consist of contextual factors arising from the internal and external environment and conceptual factors relating to theories and beliefs about strategic management, total reward, human capital management, the factors affecting pay levels, motivation, engagement, commitment and the psychological contract.
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MS - 95 Research Methodology for Management Decisions

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ASSIGNMENT

Course Code                      :               MS - 95
Course Title                       :               Research Methodology for Management Decisions
Assignment Code            :               MS-95/TMA/SEM - II/2014
Coverage                             :               All Blocks

Note : Attempt all the questions and submit this assignment on or before 30th April , 2014  to   the coordinator of your study centre.    

1. Distinguish between “primary data” and “secondary data” with the help of examples. Which one is easy to collect, why?

Answer: Primary data is the data that is collected first hand from the original source for the purpose of making statistical inference while secondary data is the data that is collected by the method of abstraction and is used to make statistical inference by using primary data already collected by an investigator. Primary data is collected by

  • Identifying population of interest

2. Discuss the importance of sampling frame. What are the possible errors resulting from a faulty sampling frame?

Answer: A sampling frame is a list or other device used to define a researcher's population of interest. The sampling frame defines a set of elements from which a researcher can select a sample of the target population. Because a researcher rarely has direct access to the entire population of interest in social science research, a researcher

3. A salesman paid 12 visits to his area sales manager and noted that he had to wait for 10,15,20,17,11,25,30,27,36,40,5 and 26 minutes, respectively, before being called in his office. The area sales manager claims that the salesmen wishing to meet him do not have to wait for more than 20 minutes before being called in. Using the sign test, verify at 0.05 level of significance the claim made by the area sales manager.

Answer: 50% of the waits are more than

4. What is factor analysis? Mention briefly the purpose & uses of factor analysis.

Answer:The key concept of factor analysis is that multiple observed variables have similar patterns of responses because of their association with an underlying latent variable, the factor, which cannot easily be measured.
For example, people may respond similarly to

5. Write short note on :
(a) Information reports
(b) Research reports.

Answer: (a) Information reports

An information report is a factual text, which means it provides information about something. An information report is used as a way to gain a better understanding about a living or non-living subject. An information report:

  • uses facts to explain something
  • gives details

(b) Research reports.

A research report is one type that is often used in the sciences, engineering and psychology. Here your aim is to write clearly and concisely about your research topic so that the reader can easily understand the purpose and results of your research.

A document prepared by an analyst or
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MS - 06 Marketing for Managers

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ASSIGNMENT

Course Code                      :               MS - 06
Course Title                       :               Marketing for Managers
Assignment Code            :               MS-06/TMA/SEM - II/2014
Coverage                             :               All Blocks

Note : Attempt all the questions and submit this assignment on or before 30th April , 2014  to   the coordinator of your study centre.    

1. (a) Distinguish between Product Vs Services Marketing with suitable illustrations.
(b) Briefly explain the various elements required in the formulation of marketing strategy in the followings service offerings :
(i) Health Tourism
(ii) Cellular Phone Services

Answer:

(a) Distinguish between Product Vs Services Marketing with suitable illustrations.
Marketing is an integrated communications-based process through which individuals and communitiesdiscover that existing and newly-identified needs and wants may be satisfied by the products and servicesof others.

Marketing is defined by the American Marketing Associationas the activity, set of institutions, and processes for creating, communicating,

(b) Various elements required in the formulation of marketing strategy in:
(i) Health Tourism
Destination attractiveness is what determines patient choice in medical tourism. Choosing a destination for treatment is not about quality and cost. Choosing a destination is affected by a complex set of factors. Understanding and analysing destination attractiveness helps a country, hospital or clinic to:
  • Identify the target markets

2. (a) Discuss the term marketing mix. What makes the elements of marketing mix assume importance in planning the firms market opportunities in capturing market share.
(b) Bring out the significance of Marketing Research in a manufacturing & marketing
organization. What are the challenges faced by researcher in understanding M.R. in India?
Discuss.

Answer: (a)The marketing mix refers to the set of actions, or tactics, that a company uses to promote its brand or product in the market.The marketing mix refers to the set of actions, or tactics, that a company uses to promote its brand or product in the market. The 4Ps make up a typical marketing mix - Price, Product, Promotion and Place. However, nowadays, the marketing mix increasingly includes several other Ps like Packaging, Positioning, People and even Politics as vital mix elements.

3. (a) What makes a sound and through knowledge of consumer behavior is of utmost importance for every marketer in the current marketing environment. Justify your answer with a suitable example of your choice.
(b) Discuss the concept of Product Life Cycle (PLC) of any FMCG Product of your choice.

Answer: (a)Marketing and consumer behavior are intrinsically connected. Without grasping a level of understanding of what drives consumers, marketers would have a pretty difficult time identifying the right market segments and putting together a marketing campaign that will attract attention.

(b)Any product that is introduced into a market has a shelf life, this can be overcome easily by making or purchasing new products. A product in general has a product life cycle, usually it goes through four major stages in its lifecycle. FMCG products or fast moving consumer goods have a long product life cycle, people continue to buy the product for a number of years as long as it is in stock. Over the years people have observed many products are no longer available in the markets that they go to, this usually happens when the product has completed its lifecycle.



4. (a) Briefly explain the steps involved in the selling process by taking any semi industrial product of your choice.

(b) Elaborate with suitable example the importance of distribution channels in marketing of
firms product offerings.

Answer: (a) almost all selling—regardless of the product that’s being sold—follows a particular sequence of steps. It’s a simple but logical framework that has been the accepted model for almost a hundred years. Salespeople have adapted the specifics of the process as culture and technology have changed, but the fact that they’ve followed the same basic model has for so long testifies to its effectiveness. The selling process is

(b) Elaborate with suitable example the importance of distribution channels in marketing of
firms product offerings.

In the field of marketing, channels of distribution indicates routes or pathways through which goods and services flow, or more from producers to consumers.We can define formally the distribution channels as the set of interdependent marketing institutions participating in the marketing activities involved in the movement the flow of goods or
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