MS - 43 Management Control Systems

Dear students get fully solved assignments

Send your semester & Specialization name to our mail id :

“ help.mbaassignments@gmail.com ”

or

Call us at : 08263069601

(Prefer mailing. Call in emergency )

ASSIGNMENT

Course Code                      :               MS - 43

Course Title                       :               Management Control Systems

Assignment Code            :               43/SEM-I/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 center.

1. Define the concept of ‘strategy’. Explain the Boston Consulting Group (BCG) model,

 General Electric (GE) planning model and highlight their usefulness in formulating

 business unit level strategies.

Ans :  concept of ‘strategy’ :

The word ‘strategy’  has entered in the field of management from the military services where it refers to apply the forces against an enemy to win a war. Originally, the word strategy ha s been derived from Greek, ‘strategos’ which means generalship.  The word as used for the first time in around  400 BC. The word strategy  means the art of the general to fight in war.

The dictionary meaning of strategy is “the art of so moving or disposing the instrument of warfare as to impose upon enemy, the place time and conditions for fighting by one self”

Q.2. Explain the following:

a) Just In Time (JIT) and Management Control System

b) Benchmarking and Management Control System

Ans : a) Just In Time (JIT) and Management Control System :

Just in time (JIT) is a production strategy that strives to improve a business' return on investment by reducing in-process inventory and associated carrying costs. To meet JIT objectives, the process relies on signals or Kanban between different points, which are involved in the process, which tell production when to make the next part. Kanban are usually 'tickets' but can be simple visual signals, such as the presence or absence of a part on a shelf. Implemented correctly, JIT focuses on continuous improvement and can improve a manufacturing organization's return on investment, quality, and efficiency. To achieve continuous

3. What is ‘Arm’s Length Principle’? Explain the traditional transaction methods used for

 determination of transfer price.

Ans :   ‘Arm’s Length Principle’:

The arm's length principle (ALP) is the condition or the fact that the parties to a transaction are independent and on an equal footing. Such a transaction is known as an "arm's-length transaction". It is used specifically in contract law to arrange an equitable agreement that will stand up to legal scrutiny, even though the parties may have shared interests (e.g., employer-employee) or are too closely related to be seen as completely independent (e.g., the parties have familial ties).

Examples:

4. What are the objectives of Reward and Compensation plan? Discuss the various types of

 long term incentive plans.

Ans : objectives of Reward and Compensation plan :

To be precise, Compensation is what an employee gets in return to his contribution to the organization.  The term compensation includes pay, incentives, and benefits offered by the employers for hiring the services of employees. Compensation planning plays an important role in any HR department’s efforts to obtain, maintain and retain an effective workforce. Compensation planning follows a set of objectives.

The most important objective of any pay system is fairness and equity. The term equity has three dimensions:

5. Discuss the special characteristics of Non Profit Organisations and explain the focus areas

 of Management Control Systems for such Organisations.

Ans :  Special characteristics of Non Profit Organisations :

1. Passion for mission

The passion for mission is a great source of strength for nonprofit organizations. The institutionalized impulse to "change the world" has brought about many important advancements in American society. As a strength, the passion for mission taps incredible creativity, energy and dedication for the work of an organization. However, zeal for the mission can lead staff board and volunteers to discount "business" realities, to turn strategic differences into interpersonal conflict, and to work with an urgency that borders on a crisis mentality.

Example:

Dear students get fully solved assignments

Send your semester & Specialization name to our mail id :

“ help.mbaassignments@gmail.com ”

or

Call us at : 08263069601

(Prefer mailing. Call in emergency )