Executive MBA Assignments Semester I Principles and Practices of Management 1.

1. 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? Several organizational factors must be in place in order for a team to succeed: * Common and consistent goals that are accepted by all team members. Organizational commitment to the team concept, including support from top management. * Clear roles and well-defined responsibilities for members and leaders. * Both real and perceived power delegated to the teams. * Mutual accountability for team performance. * Recognition and reward systems that support team performance. Teams sometimes fail because they don't adequately define leadership roles and task clarity. These may be clarified by using a shared leadership model. For example, team members may agree to take leadership responsibility for specific aspects of the team's mission. In some cases, leadership may shift to different team members on a rotating basis. The following elements are necessary when building a cross-functional team: * It must contain the right members. * The team must have a clear direction. * Members must have access to the "movers and shakers" of the organization. * Members must agree on the standards by which they will gauge success or failure. * Everyone must agree on the ground rules from the start. * Members must have the proper training in teamwork. Teams are not always the best way to structure work. Managers should ask themselves if requiring employees to make decisions as a group enhances or impairs work efficiency. Good employee communication is essential to good teamwork, but studies indicate that some team members suffer from "communication anxiety." To address the problem, Whirlpool Corp. Tested employees for such anxiety and then provided them with training to alleviate the problem. Communication is the passing on of ideas and information. In business we need good, clear communication. Through the communication we can influence our people very much. Communication is essential in any workplace and it comes in many forms that include: Face-to-Face; Written; Email; Voice mail; Text Messaging and Instant

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Messaging. Each requires engagement by the sender and receiver to be effective and the method dictates some common sense applications that project professionalism. Now I remember the statement of a head of an American company with this regard is, ? We do not build automobiles, refrigerators shoe strings, radios; we build men. The men build products? So I have to influence these? Men? to produce the desired result. Every organization is look towards Human Resources Management 2. 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? Human resource planning is the formal process of linking organizational strategy with human resource practices. It is about perceiving organizational practices as a whole and not piecemeal. In a competitive climate, organizations need to use models and approaches that secure 'uniqueness' of operations along with enhancing 'organizational capability'. Today, the world is going through, a global economic turmoil. This recession affects almost all the fields especially IT field. To overcome the adverse effect of the economic slow down, we should plan an effective human resource policy at macro level. Human resource plan is designed to pay attention to shaping the priorities of the H R function than on supporting activities relating to the organization's functioning as a whole......... The economic crisis of 2008/2009 has touched every industry and profession, radically altering the hiring landscape. Major layoffs, rising unemployment, and lowered profits have reshaped the way workers are hired and fired, and dramatically highlighted the need to rethink workforce planning.. We conducted primary research among HR and procurement professionals to emerge with a snapshot of how companies have acted and reacted, as well as recommendations on how leaders can take a proactive approach to staffing for the future.

Financial Management 3. 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? First we need to project the cash flow statement, and employee the companies fund in short term investment. Along with that we have to check expenses. And maintain the liquid assets. Projected cash flow statement is the guided stick. Our sales, realizations, and fixed and variable expenses need to be kept in mind while judging the balanced need

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of liquid assets. We may consider the short term investments with reference to interest rate and surplus funds. Generally it is indispensable that we must limit expenses and ensure that some of the assets are in the form of short term assets. The higher short term assets and the less your short Term debt, the better your ability to pay the debt (short Term liquidity ratio / liquidity ratio help you determine this). The ratio analysis will be the guide stick for the Liquidity ratio. The short term creditors of a company like supplies of good of credit and Commercial banks providing short-term loans, are primarily interested in knowing the companies ability to meet its current or short term obligations of a firm can be met only when there are sufficient liquid assets. Therefore, a firm must ensure that it does not suffer from lack of liquidity or the capacity to pay its current obligations due to lack of good liquidity position, its goodwill in the market is likely to be effected beyond repair. Liquidity refers to the ability of a concern to meet its current obligations as and when there become due. The short-term obligations are met by realizing amounts from current, floating or circulating assets. The current assets should either be liquid or near liquidity. These should be convertible into cash for paying obligations of short-term nature. The sufficiently or insufficiency of current assets should be assessed by comparing them with short term liabilities. If current assets can pay off current liabilities, then liquidity position will be satisfactory. The standard current ratio is 1: 1.33 means any firm / company is having adequate funds to meet its obligation in time. The firm has to maintain core current assets which is easily realizable at all times. The laid down bench mark ratio to maintain the ratio of core current assets to current liabilities is 1:1 Marketing Management 4. 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? In fact, we should have a proper system for collecting the data and it is also a very critical factor to improve the business in the constant way. When we examine about the collection of data from the customers, initially, we can commence the system of disseminating order sheet or product docket to the customers for home delivery purpose. Gradually, it will improve and get the details from the customers for the future contact of business. It will also help us to sustain the relationship with customers. Moreover, we can disseminate the feedback form to the customers for their purchase session and the quality of products for getting the details of customers as well as the quality of products. Such kind of practice should maintain in the outlet and this may help to improve the relationship with customers. Thus we can sort out the issues about the

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products, customer services, ambience of the outlet or super market, cost effectiveness etc. It would also be very effective if we could circulate monthly notice or information about the products and services to the customers those who visited earlier in a low cost basis, so that we can maintain the relationship with customers and control our business promotion expenditure through other advertisement releases. Such kind of productive services and evaluations would be helpful to improve our quality of services. Organizational Behavior 5. 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). Leadership skill and generate the same is the most significant matter to be sustained by us. In leadership, there are few important factors, which will always help us to become a good leader. When we are in front of the crowd and going to discuss about something, speak loud, brave, and take up issue that last long after due research. There are several issues, like drinking water, food prices, corruption, urban planning, traffic, against division of states, secularism, foreign policy, etc. So we should have exact awareness about the related matters and give stress on each matter to be resolved by the concerned officials. Lets try and encourage young educated people to join politics using leadership skills, through the right and genuine talk. We would also persuade them to convince people to vote the people not based on their caste or creed but the development work they have done in a particular area which they represent. They are for ever, so have specific and thorough ideas about them, and stand for it. Even if you fail one time, they will make you succeed next time. Such kinds of activities have to be scrutinized and examined and finally it should be carried out for the present circumstances

Principles of Economics 6. Suppose the price elasticity of demand for text books is two and the price of the test 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? The reason demand falls is that people find textbooks less useful relative to other goods and services at the higher price. An example might be a builder needing to figure out

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some complex geometry for a special roof. At one price for the book, he may feel buying a textbook and studying it for a couple of evenings is the best way to get the information he needs. But at a higher price for the book, he may opt to have subcontractor do the work and spend his time doing something else.

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