Author Archive: SMU MBA SOLVED ASSIGNMENTS

MS-495 Ethics and Corporate Governance in Banks

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ASSIGNMENT

 

Course Code MS-495
Course Title Ethics and Corporate Governance in Banks
Assignment Code MS-495/TMA/SEM-I/2015
CREDIT 4
Coverage B1843
MAX.MARKS All Blocks

 

 

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.

 

 

1What are the criteria used for resolving ethical dilemma? Explain giving examples.

Answer: There are three conditions that must be present for a situation to be considered an ethical dilemma. The first condition occurs in situations when an individual, called the “agent,” must make a decision about which course of action is best. Situations that are uncomfortable but that don’t require a choice are not ethical dilemmas. For example, students in their internships are required to be under the supervision of an appropriately credentialed social work field instructor. Therefore, because there is no choice in the matter, there is no ethical violation or

 

 

  1. Identify any listed bank and describe the importance of disclosure and transparency for sound corporate governance.

 

Answer: Corporate governance is beyond the realm of law. It cannot be regulated by legislation alone. Legislation can only lay down a common framework – the “form” to ensure standards. The “substance” will ultimately determine the credibility and integrity of the process. Substance is inexorably linked to the mindset and ethical standards of management. Studies of corporate governance practices across several countries conducted by the Asian

 

 

 

  1. Describe the challenges facing sustainable development and examine its practical implications.

 

Answer: Economic, Environmental, and Social Trends: Driven by technological advances and global integration, the strong economic growth experienced over the last century has been accompanied by gains in material welfare in all parts of the world. World GDP is projected to expand by 75% between 1995-2020, bringing with it increased pressures on environmental and social resources. Governments pursuing sustainable development face the challenge of discerning how best to balance the challenges and opportunities of growth and to decouple economic growth from environmental pressures.

 

 

 

 

  1. Discuss the role of corporate governance in financial sector with special reference to micro finance institutions.

Answer: The large, complex financial institutions (LCFIs) are highly levered entities with over 90% leverage. This highly-levered nature makes them prone to excessive leverage- and risk-taking tendencies. By and large LCFIs also have explicit deposit insurance protection and almost always an implicit too-big-to-fail guarantee. The presence of such guarantees – often un-priced and at best mis-priced – has blunted the edge of the debt monitoring that would otherwise exert an important market discipline on risk-taking by these firms.

 

 

 

  1. Briefly discuss the recommendations of Kumar Mangalam Birla Committee, (1999) on corporate governance.

 

Answer: In early 1999, Securities and Exchange Board of India (SEBI) had set up a committee under Shri Kumar Mangalam Birla, member SEBI Board, to promote and raise the standards of good corporate governance. The report submitted by the committee is the first formal and comprehensive attempt to evolve a ‘Code of Corporate Governance’, in the context of prevailing conditions of governance in Indian companies, as well as the state of capital markets.

The Committee’s terms of the reference were to:

 

 

 

  1. Write short notes on the following:

 

  1. a) The Tata DNA

 

Answer: The TATA boxis a DNA sequence found in the promoter region of genes in archaea and eukaryotes approximately 24% of human genes contain a TATA box within the core promoter.

 

Considered to be the core promoter sequence, it

 

 

  1. b) OCTAPACE values

 

Answer: OCTAPACE also represents eight HRD values; ‘The eight HRD values, viz. OCTAPACE values (Openness, Trust, Pro-action, Confrontation, Collaboration, Authenticity, Autonomy, and Experimentation), give a sense of direction to the HRD function.’ An optimum level of “Development Climate” is essential for facilitating HRD. Such a climate is characterized as consisting of the following characteristics i.e. known as OCTAPACE. A

 

 

 

  1. c) Japanese model of Corporate Governance

 

Answer: The critical distinction between the American model of corporate governance and the German and Japanese models is that in Germany and Japan large-block shareholders take an active management role to mitigate managerial shirking and misconduct. German and Japanese commercial banks are at the center of their respective corporate governance

 

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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 No. MS-95/TMA /SEM-I/2015
CREDIT 4
MAX.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. Explain the concept of Research Design. Describe some important research design for research study.

Answer: A research design is the “blue print” of the study. The design of a study defines the study type (descriptive, correlational, semi-experimental, experimental, review, meta-analytic) and sub-type (e.g., descriptive-longitudinal case study), research question, hypotheses, independent and dependent variables, experimental design, and, if applicable, data collection methods and a statistical analysis plan. Research design is the framework that has been created to seek answers to research questions.

 

Design types and sub-types

There are many ways to classify research designs, but sometimes the distinction is artificial and other times different designs are combined. Nonetheless,

 

 

 

  1. Examine the merits & limitations of the observation method for collecting data. Illustrate your answer with suitable examples.

Answer: Observation is a fundamental way of finding out about the world around us. As human beings, we are very well equipped to pick up detailed information about our environment through our senses. However, as a method of data collection for research purposes, observation is more than just looking or listening. Research, simply defined, is “systematic enquiry made public” (Stenhouse, 1975). Firstly, in order to become systematic, observation must in some way be selective. We are constantly bombarded by huge amounts of sensory information. Human beings are good at selectively attending to what is perceived as most useful to us.

 

 

  1. What is the meaning of measurement in research? What difference does it make whether we measure in terms of a nominal, ordinal, interval or ratio scale?

 

Answer: Measurement is at the core of doing research. Measurement is the assignment of numbers to things. In almost all research, everything has to be reduced to numbers eventually. Precision and exactness in measurement are vitally important. The measures are what are actually used to test the hypotheses. A researcher needs good measures for both independent and dependent variables.

 

 

 

 

  1. Assume a research topic of your choice and give the complete format of its research report.

Answer:

Appendices

Most reports have at least one appendix section to allow you to include data, figures and calculations without breaking the flow of the main body of the report. Most scientists reading your report will not be too interested in the exact details, only the results.

The appendix, however, allows somebody interested in your results to check your research more thoroughly. Whilst it can be regarded as a ‘dumping ground’ for peripheral information and raw data, it should still be structured properly and referred to in

 

 

 

  1. A chain of departmental stores opened three stores in Mumbai. The management wants to compare the sales of the three stores over a six day long promotional period. The relevant data is given below.
Store ‘A’ Sales Store ‘B’ Sales Store ‘C’ Sales
16

17

21

18

19

29

20

20

21

22

25

28

23

24

26

27

29

30

 

Use the Kruskal-Wallis test to compare the equality of mean sales in all the three stores.

 

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MS-43 Management Control Systems

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ASSIGNMENT

 

Course Code MS-43
Course Title Management Control Systems
Assignment No. 43/SEM-I/2015
Assignment Coverage All Blocks

 

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. ‘New Management techniques such as Total Quality Management, Just in Time are in tune with the conceptual foundations of Management Control Systems’. Explain

Answer: Performance appraisal is a formal, structured system that compares employee performance to established standards. Assessment of job performance is shared with employees being appraised through one of several primary methods of performance appraisals. Elements in performance appraisal methods are tailored to the organization’s employees, jobs, and structure. They include objective criteria for measuring employee performance and ratings that summarize how well the employee is doing. Successful appraisal methods have clearly defined and explicitly communicated standards or expectations of employee performance on the job.

 

 

 

  1. ‘Every responsibility center manager in an organization is an expense center manager also’. Do you agree with this statement and if so, try to explain the same by giving examples.

 

Answer: Responsibility budgeting became a codified practice beginning with Peter Drucker’s exposition in the Concept of the Corporation in the 1940s. Over the past half century, the practice has been elaborated upon in the expansive accounting literature on managerial control and in the literature on strategic management. However, it antecedents are

 

 

  1. Select any organization of your choice and study the long-term compensation plans of that organization? Give your views on the existing compensation plans that are being practiced by that organization.

 

Answer: Compensation is a systematic approach to providing monetary value and other benefits to employees in exchange for their work and service. But pay and conditions becomes amore complicated issue for multinational companies which operate across different locations and cultures, and who employ an increasingly diverse range of

 

 

 

 

  1. As a manager of a multinational company what are the difficulties that you may be confronted with while adopting management control practices across various countries.

 

Answer: The systems management approach emphasizes the importance of educating managers to understand the overall system so that they will realize how actions in their department affect other units. An organization can be likened to a mobile: if you touch one part, the entire apparatus swings into motion. For example, the hiring of a single individual into a marketing department is bound to have some degree of impact on other divisions of the organization

 

  1. Study the ‘Christian Medical College and Hospital, Vellore’ Case given in Block 5 of this course and answer the questions given at the end of the case.

 

Answer: History of the College: The Christian Medical College and Hospital Vellore, were foudned by Dr. Ida S. Scudder, the daughter of a medical missionary and are now managed by the Christain Medical College Vellore Association, a private inter-denominational Christian Organisation whose aim, as quoted from the Memorandum of Association of the

 

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MS-24 Employment Relations

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ASSIGNMENT

 

Course Code MS-24
Course Title Employment Relations
Assignment Code MS-24 /TMA/SEM – I/2015
CREDIT 4
MAX.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 Describe the factors responsible for the evolution of Indian Labour policy. Discuss the recent developments in the field of industrial relations in India.

Answer: The history of labour legislation in India is naturally interwoven with the history of British colonialism. Considerations of British political economy were naturally paramount in shaping some of these early laws. In the beginning it was difficult to get enough regular Indian workers to run British establishments and hence laws for indenturing workers became necessary. This was obviously labour legislation in order to protect the interests of British employers.

 

The organised and the unorganized

 

 

 

 

  1. Describe the Structure of trade unions in India. Discuss the methods of verification of union membership and state the advantage and disadvantages of each of these methods.

Answer: In India, the structure of trade union consists of three levels: plant/shop or local, the state and the centre. It is generally from the central level that the ideology of the important central federations of labour in India percolates down to the state and

 

 

 

 

  1. Discuss the factors responsible for the future of participative schemes in India. What suggestions would you like to offer to make the participative schemes work effectively?

Answer: Participative management is an effective decision making tool. It is often the managers who implement it the wrong way.

  • Participative management calls for a change and this change can not come overnight. You require patience and consistency before employees realize the usefulness of the management style.
  • There are other problems that often arise with the

 

 

 

  1. Define grievance and discuss the role of Human Resource department in grievance handling. Explain various approaches of grievance resolution, in your opinion which approach is most effective and why?

Answer: Grievance is formal complaint which demonstrates any kind of dissatisfaction in an employee, arising out of the factors which are related to his job. The communication of grievances should be done formally. It can be communicated via:

  • A written document
  • E-mail.

The organizations which allow the employees to see the top level executives directly with their grievances are called to have “Open Door Policy”.

 

 

 

 

  1. Explain various cultural aspects of employment relations. Discuss the recent developments in employment relations. How power and authority would play a role in industrial relations? Explain.

Answer: Employee relations generally deal with avoiding and resolving issues concerning individuals which might arise out of or influence the work scenario. Strong employee relation depends upon healthy and safe work environment, cent percent involvement and commitment of all employees, incentives for employee motivation, and effective communication system in the organization. Healthy employee relations lead to more efficient, motivated and

 

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MS – 11 Strategic Management

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ASSIGNMENT

 

Course Code MS – 11
SEMESTER IV
Course Title Strategic Management
Assignment No. 11/TMA/SEM-I/2015
CREDIT 4
MAX.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. Explain how the concept of leverage stretch and fit positions the firm in the market. Illustrate your answer with the help of examples.

Answer: Today’s business landscape has changed, fundamentally… tomorrow’s environment will be different, but none the less–rich in possibilities for those who are prepared–strategic thinking is the new normal.

Strategic thinking is about focusing on higher level business strategies by finding, and subsequently, developing opportunities to create value. It’s a way to focus on and understand the fundamental drivers of your business and continuously challenge the conventional thinking about those drivers. Another way to view strategic thinking is brainstorming and applying ‘

 

 

  1. What are ‘Strategic groups’? Explain how the strategic groups help the organizations in understanding the competition within the industry.

Answer: A strategic group is a concept used in strategic management that groups companies within an industry that have similar business models or similar combinations of strategies. For example, the restaurant industry can be divided into several strategic groups including fast-food and fine-dining based on variables such as preparation time, pricing, and presentation. The number of groups within an industry and their composition depends on the

 

 

  1. Discuss the additional consideration for using experience curve effect.

 

Answer: Experience and learning curve models are developed from the basic premise that individuals and organizations acquire knowledge by doing work. By gaining experience through repetition, organizations and individuals develop relatively permanent changes in behavior or learning. As additional transactions occur in a service, or more products are produced by a manufacturer, the per-unit cost often decreases at a decreasing rate. This phenomenon follows an exponential curve. The organization thus gains competitive advantage by converting

 

 

 

  1. Chose an organization of your choice, which is expanding. Explain which type of intensification strategy the organization is following and why.

 

Answer: A marketing plan is a written document that details the necessary actions to achieve one or more marketing objectives. It can be for a product or Service (economics)|service, a brand, or a product line. Marketing plans cover between one and five years.

 

A marketing plan may be part of an overall business

 

 

 

 

  1. Explain as to how the quality strategic decisions are affected with the change in leadership. Illustrate your answer with the help of a real world example.

Answer: As the number of strategic dimensions and corresponding initiatives increases, so does the pressure on leadership. Not surprisingly, our work in many industries with companies of all sizes has shown that high-performers, especially those with lofty aspirations, have the most difficulty meeting their leadership needs. Of course, companies that perform poorly are also lacking in leadership capacity. The higher a company’s aspirations or the more radical its shift in strategic direction, the larger the leadership gap. This rule holds true for high

 

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MS – 92 Management of Public Enterprises

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ASSIGNMENT

 

Course Code MS – 92
Course Title Management of Public Enterprises
Assignment Code MS-92/TMA/SEM – I/2015
CREDIT 4
MAX.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. What was the new approach adopted with regard to transformation of public to private sector?

Answer: Innovation can fulfill needs, which are not met by conventional means and this is critical in view of the numerous challenges the country is facing in delivering services to the people, especially at the bottom of the pyramid.  In this context India needs more “frugal, distributed, affordable innovation” that produces more “frugal cost” products and services that are affordable by people at low levels of incomes without compromising the safety, efficiency

 

 

 

 

  1. Briefly discuss the important methods government adopted to exercise governmental control.

Answer: A major element of financial data activity rests in the act of budgeting. Budgeting is the process of allocating finite resources to the prioritized needs of an organization. In most cases, for a governmental entity, the budget represents the legal authority to spend money. Adoption of a budget in the public sector implies that a set of decisions has been made by the governing board and administrators that culminates in matching a

 

 

  1. “The classification of State Level Public Enterprises (SLPEs) is an onerous task.” With reference to the statement briefly discuss the coverage and features of SLPEs.

Answer: Indian economy during the last several decades has undergone a dynamic change both in social and economic fields. The pressure emanating from international financial bodies, like the World Bank and the IMF has produced a series of economic forces which were both dysfunctional and catalytic for the domestic industry and the multinational corporations operating in India. Some companies have flourished and some have failed thereby. A good number of companies, particularly in public sector could not withstand the onslaught and

 

 

  1. Define collective bargaining and describe its history.

 

Answer: Collective bargaining is a process of negotiation between employers and a group of employees aimed at reaching agreements to regulate working conditions. The interests of the employees are commonly presented by representatives of a trade union to which the employees belong. The collective agreements reached by these negotiations usually set out wage scales, working hours, training, health and safety, overtime, grievance mechanisms, and rights to participate in workplace or company affairs.

 

The union may negotiate with a single employer (

 

 

 

 

  1. What are the highlights of Corporate Planning Process of SAIL?

 

Answer: SAIL has always believed in structured planning for achieving organization growth and, consequently, the culture of planning is well entrenched in the company’s work ethos. This has also contributed significantly to national interests, given the steel sector’s strong backward and forward linkages and SAIL’s position as the leader of the Indian steel industry.

Changes in business environment call for periodical review

 

 

  1. Write short notes on the following:

 

(a) Holding Company

 

Answer: A holding company is a company that owns other companies’ outstanding stock. The term usually refers to a company that does not produce goods or services itself; rather, its purpose is to own shares of other companies to form a corporate group. Holding companies allow the reduction of risk for the owners and can allow the ownership and control of a number of different companies.

In the United States, 80% or

 

 

 

(b) Committee on Pubic Undertakings (CPU)

Answer: The Committee on Public Undertakings consists of 22 members comprising 15 members elected by Lok Sabha every year from amongst its members according to the principle of proportional representation by means of single transferable vote and 7 members elected by Rajya Sabha in like manner and nominated by that House for

 

 

 

 

(c) Under Pricing

Answer: The pricing of an initial public offering (IPO) below its market value. When the offer price is lower than the price of the first trade, the stock is considered to be underpriced. A stock is usually only underpriced temporarily because the laws of supply and demand will eventually drive it toward its intrinsic value.

 

 

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MS – 54 Management Information Systems

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ASSIGNMENT

 

 

Course Code                                                                      :               MS – 54

Course Title                                                                       :               Management Information Systems

Assignment Code                                                            :               MS-54/TMA/SEM – I /2015

Coverage                                                                             :               All Blocks

 

 

Note : Attempt all the questions and submit this assignment on or before 30th April, 2015 to the coordinator of your study center.

 

 

  1. 1. What is the role played by business information in an organization? Define Management Information System and discuss various characteristics expected of a good MIS.

 

Answer:Information is vitally important to the successful functioning of any organization.  The absence of organization can be taken to mean many things that is not intended.  For example, if a vendor does not hear from a supplier, it could be interpreted as rudeness as something not intended.  The absence of organization could also be interpreted as a sense of disorder and a lack of precision in the way business is conducted. In contrast, the constant and steady stream of communication and information helps to build credibility, reflect a sense of transparency in business interactions, and can probably do more good than not

 

 

 

 

  1. 2. Explain and distinguish the following concepts with reference to their use in real-time systems:

 

Answer:Real-time locating systems (RTLS) are used to automatically identify and track the location of objects or people in real time, usually within a building or other contained area. Wireless RTLS tags are attached to objects or worn by people, and in most RTLS, fixed reference points receive wireless signals from tags to determine their location. Examples of real-time locating systems include tracking automobiles through an assembly line, locating pallets of merchandise in a warehouse, or finding medical equipment in a hospital.  The

 

 

 

  1. 3. What are expert systems and how do they help in decision-making? Can you give examples to illustrate the same? What kinds of decisions can be appropriately programmed on expert systems? Give examples.

 

Answer:Expert Systems for Management (ESM) is a software system designed to improve decision-making in management. It can make inferences and conclusions based on stored human knowledge. The ESM is useful in such management tasks as analyzing a wide variety of information, production scheduling, and diagnosing and troubleshooting. However, the ESM cannot perform tasks involving the use of creativity, common sense, discovery, innovation, and other functions requiring human intelligence. The use of this system offers

 

 

 

 

  1. 4. Identify the most important factors inhibiting an organization’s move towards a DBMS. Why should an organization be careful about placing over reliance on “benchmark” tests in selecting a DBMS?

 

Answer:Probably the most important general features to consider in your DBMS hunt are security-related. Consider how thoroughly the DBMS requires authentication from users and keeps an audit trail of the accesses. But security goes beyond keeping out malicious users. Be sure your backup supports backup and restore, not just by archiving

 

 

 

 

  1. 5. Differentiate among Trojans, Worms and Viruses. Give one example for each. “Computer virus is a major threat to computer security.” Justify the statement.

 

Answer:One common mistake that people make when the topic of a computer virus arises is to refer to a worm or Trojan horse as a virus. While the words Trojan, worm and virus are often used interchangeably, they are not exactly the same thing. Viruses, worms and Trojan Horses are all malicious programs that can cause damage to your computer, but there are differences among the three, and knowing those differences can help you better protect your computer from their often damaging effects.

 

 

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MS – 53 Production/Operations Management

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ASSIGNMENT

 

Course Code                                                                      :               MS – 53

Course Title                                                                       :               Production/Operations Management

Assignment Code                                                            :               MS-53/TMA/SEM – I /2015

Coverage                                                                             :               All Blocks

 

Note: Please attempt all the questions and submit this assignment on or before 30th April to the coordinator of the study centre.

 

 

  1. 1. What is the system view of operations Management? Identify the input, process and output for the following production systems.

 

Answer:A System is a group of interrelated items in which no item studied in isolation will act in the same way as it would in the system. A system is divided into a series of parts or subsystems, and any system is a part of a larger system. The system’s boundary defines what is inside the system and what is outside. A system’s environment is everything outside the system boundary that may have an impact on the behaviour of the system. A system’s inputs are the physical objects of information that enter it from the environment and its outputs are the same which leave it for the environment.

 

 

 

 

  1. 2. Find out the 4-quarter moving average of the following time series representing the quarterly production of coffee is an Indian state.

Production (in tones)

_________________________________________________________________

Year Quarter -I Quarter – II Quarter – III Quarter –IV

__________________________________________________________________

2007 5 1 10 17

2008 7 1 10 16

2009 9 3 8 18

2010 5 2 15 19

2011 8 4 14 21

__________________________________________________________________

 

Answer:During 1940’s, the coffee industry in India was in a desperate state due to the II World war resulting in very low prices and ravages of pests and diseases. At this time, the Government of India established the ‘Coffee Board’ through a constitutional act “Coffee Act VII of 1942” under the administrative control of Ministry of Commerce and

 

 

 

  1. 3. When to use product and process layouts? Give example of organizations that have predominantly product, process and fixed position layout.

 

Answer:In manufacturing engineering, process layout is a design for the floor plan of a plant which aims to improve efficiency by arranging equipment according to its function. The production line should ideally be designed to eliminate waste in material flows, inventory handling and management. In process layout, the work stations and machinery are not arranged according to a particular production sequence. Instead, there is an assembly of similar operations or similar machinery in each department (for example, a drill department, a paint department, etc.)

 

 

 

 

  1. 4. Review Shigeo’s seven wastes. Which of these wastes are addressed by the following JIT techniques?
  2. Pull production
  3. Kanban
  4. JIT purchasing

 

Answer:The seven ways that wastage can occur in industrial processes, as enumerated by Shigeo Shingo, an engineer at Toyota and a noted authority on just-in-time techniques. They are:

 

  • Waste of overproduction – make only what is needed now;
  • Waste of waiting;

 

 

 

  1. 5. Discuss various vendor-rating techniques? Why an organisation should try to rate its vendors?

 

Answer:A vendor rating, also known as a supplier rating, is based on a formal system of evaluating the companies that supply materials or services to an organization. The process is meant to encourage a high-quality, efficient vendor-to-customer relationship. Overall, vendors are typically judged by both the services they offer and what capabilities they possess. A variety of factors, which depend on the particular vendor, are reviewed and the results are usually quantified with either a numerical score — possibly expressed as a percentage — or

 

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MS – 52 Project Management

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ASSIGNMENT

 

Course Code                                                                      :                               MS – 52

Course Title                                                                       :                               Project Management

Assignment Code                                                            :                               MS-52/TMA/SEM – I /2015

Coverage                                                                             :                               All Blocks

 

Note: Attempt all the questions and submit this assignment on or before 30th April, 2015 to the coordinator of your study center.

 

 

  1. 1. Distinguish between project and production management, giving examples. What, according to you, are the critical success factors in project management?

 

Answer:Comprehensive planning sets up a project for success from the start. All stakeholders should be on board during the planning process and always know in which direction the project is going to go. Planning can help the team to meet deadlines and stay organized. Good planning not only keeps the project team focused and on track, but also keeps stakeholders aware of project progress.

 

Projects don’t have to be short-term; they can be long-

 

 

 

  1. 2. “Doubled Project Report (DPR) forms the foundation on which the entire superstructure of the project is built – if it is weak, project cannot weather the turbulent times ahead.” Bring out the do’s and don’ts of a good DPR.

 

Answer:A project plan, according to the Project Management Body of Knowledge, is: “…a formal, approved document used to guide both project execution and project control. The primary uses of the project plan are to document planning assumptions and decisions, facilitate communication among stakeholders, and document approved scope, cost, and schedule baselines. A project plan may be summarized or detailed.”. The latest

 

 

 

 

  1. 3. “Meticulous Management of activities on the critical path is crucial to completing projects on time.” How can we ‘beat’ the critical path and improve our on-time performance?

 

Answer:If you have been into project management, I’m sure you have already heard the term ‘critical path method.’If you are new to the subject, it is best to start with understanding the ‘critical path’ and then move on to the ‘critical path method.’Critical path is the sequential activities from start to the end of a project. Although many projects have only one critical path, some projects may have more than one critical paths depending on the flow logic used in the project.If there is a delay in any of the activities under the critical path, there

 

 

 

 

  1. 4. A good tem-work speed up project implementation justify. Developing self directed project teams is the key to improving effectiveness in project management. Elucidate.

 

Answer:The complexity and dynamic nature of the business environment and developments in technologies and markets pose pressure and challenges for organisations. This report seeks to explore the manner in which self-directed teams can be successfully implemented in Kodak. It also includes a review of current literature on rationale behind the increased usage of self-directed teams in modern projects. The information in the report is gathered through research from various sources which include journals, books, internet, articles and case studies.

 

 

 

 

 

  1. 5. Explain the importance of ‘project review’ in the context of control of a project. How are cybernetics concepts applied to project management?

 

Answer:Project reviews are learning tools designed to generate information and feedback that contribute to a continuous improvement framework in the planning and delivery of all projects.  Although each review is necessarily project-specific, it is critical that the findings are made relevant to others within an organisation, and those providing services to that organisation.

 

A good project review:

 

 

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BBA205- MANAGEMENT INFORMATION SYSTEM

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ASSIGNMENT

 

DRIVE FALL WINTER 2014
PROGRAM BBA
SUBJECT CODE & NAME BBA205- MANAGEMENT INFORMATION SYSTEM
SEMESTER 2
BK ID B1522
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. Define MIS. Describe the characteristics and functions of MIS.

Answer : Meaning of MIS :

 

A management information system (MIS) provides information that organizations require to manage themselves efficiently and effectively. Management information systems are typically computer systems used for managing. The five primary

 

  1. What do you mean by ERP? Describe the situations before and after the existence of ERP. Explain the challenges involved in ERP

Answer :

 

  1. Explain the applications and systems used in E-communication.

Answer : : Application and systems used in E-communication:

 

The term electronic communication is defined as passing of information from one individual to another using computers, fax and phones. A good example of a form of electronic communication is the use of email. As technology progresses, new communications are born and old ones–many of which seemed new not so long ago–fade away. When

 

 

 

  1. There is an information explosion in today’s society. There are lot of advantages of DBMS like proper maintenance of the data and maintaining security. Explain the process of data transition using diagram and an example of your own.

 

Answer : DFD provides an overview of the data entering and leaving the system. It also shows the entities that are providing or receiving that data. These correspond usually to the people that are using the system we will develop. The context diagram helps to define our system boundary to show what is included in, and what is excluded from, our system.

The diagram consists of a rectangle representing

 

 

 

  1. There are two investment plans in the market whose details are given below based on which you need to decide which investment plan you need to select. Suggest which investment plan you prefer and why?

 

 

 

 

 

 

 

 

 

 

Particulars Part A Part B
Investment in Rs.

Million

3 2.7
Savings/ gain per year in Rs. Million 1.0 0.75
No. of years savings or gain would occur 5 5
Discount Rate 12% 12%

 

Ans :  Formulae :

In above investment analysis, the Net Present Value (NPV) is calculated and compared with all the investment alternatives.

 

NPV = (PV of further Cash flow) – Investment = PV – I

 

The formula used for the present value PV is:

 

 

 

  1. Write short notes on the following :

 

  1. a) Transaction Processing System (TPS)

 

Answer : Concept of Transaction Processing System:

 

A transaction process system (TPS) is an information processing system for business transactions involving the collection, modification and retrieval of all transaction data. Characteristics of a TPS include performance, reliability and consistency. TPS is also known as transaction processing or real-time processing.

A transaction process system and transaction processing are often contrasted with a batch process system and batch processing, where many

 

  1. b) Knowledge Based System (KBS)

Answer : Concept of Knowledge Based System:

 

A Knowledge-based system (KBS) is a computer program that reasons and uses a knowledge base to solve complex problems. The term is broad and is used to refer to many different kinds of systems. The one common theme that unites all knowledge based systems is an attempt to represent knowledge explicitly via tools such as ontologies and rules rather than implicitly via code the way a conventional computer program does. A knowledge based system has at least one and usually two types of sub-systems: a knowledge base and an inference engine. The knowledge base represents facts about the world, often in some form of subsumption ontology. The inference engine represents logical assertions and conditions about the world, usually represented via IF-THEN rules.[1]

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