NMIMS Solved Assignment
Answer the following question.
Q1. What areas does third stage, state plans consider.
Q2. Which components should indirect tax system consist of?
Q3. Discuss product diversity.
Q4. What are prevailing constraints for growth.
Q5. What is customer driven philosophy.
Q6. What are attributes characterizing “The New Competition”.
Q7. What are basic principles of our constitution?
Q8. What does management transfer involve.
Q1. Discuss how the environment acts does as a stimulant to business. Analyse why business often does little for the preservation of physical environment despite the fact that it is significant for business activity.
Q2. Explain the relevance of ecological issues to business environment.
Q3. What do you understand by Business Social Responsibility ( B S R ). How this can be used to improve the Business Environment.
Q4. Explain how the business in an organization can be regulated with regard to the Organization’s Basic Objectives.
Q5. What is information collection.
Q6. What does management transfer involve.
Q7. Discuss strategic Human Resource Management.
Q8. Discuss per capital income of India.
CASE 1
Imagine that you are in-charge of a major chemical plant, manufacturing points. At present, the general awareness about the mandatory requirements for chemical industry is very low. Even if the compliance record is maintained, it is not disclosed to all employees.
In a recent seminar of the company, many experts from industry associations like Confederation of Indian Industries (CII), conducted the seminar. The dangers of non-compliance of ISO 14001 EMS certification and Trade Sanctions, which are likely to increase, were discussed. Even the senior managers were involved and a lot of serious discussions took place.
After a span of one month, the In-charge (i.e. you!) received a call from the top management, who want you to find out more about the ISO Certification. The management, wants to help you, with the help of other employees to list the critical aspects that have potential environmental impact.
You may be feeling that you have only some vague ideas about air pollution in paint industry and water pollution, due to paint manufacture. You may also recall the newspaper clipping on internationalization of paint manufacturing practices, which states the following points:
i) What are the activities that are critical to the company’s environmental management certification?
ii) List the activities which have potential environmental impacts in a pint industry.
iii) List the legal requirements.
iv) Is there a trade related issue involved in this case
v) Explain, how your company can prepare itself towards certification.
CASE 2
XYZ company is an equal opportunity employer. XYZ Co has always upheld the spirits of freedom, human welfare, fair practices and fair treatment to all employees. It has the image of a socially responsible company in India. XYZ Co., has never involved itself in any study deals, even if it could bring good profits.
Also, XYZ Co. is a major IT solution provider. XYZ has immense potential for providing consultancy services in the African nations and South East Asian countries. A request was received from an African country, stating that they have an assignment for two years. The following conditions are to be fulfilled.
a) Employees should not bring families with them during the assignment.
b) Women managers should not accompany the team.
c) The country and the collaborating company are not responsible if any accident or any other untoward incidents take place.
Please answer the following questions:
i) Should XYZ Co take up the assignment?
ii) How can XYZ Co maintain business viability and growth without compromising on basic rights and values enshrined? In the mission statement of the company?
iii) What alterations may be sought in the agreement and why?
CASE 3
On the night of December 23, 1983 a dangerous chemical reation occurred in the Union Carbide factory in Bhopal, when a large amount of water got into the MIC i.e. Methyl Isocyanate storage tank. When the leak was detected by workers at 11.30 pm, their eyes began to tear and burn. The rest is history. About 40 tons of MIC poured out of the tank for nearly 2 hours and escaped into air, spreading within 8 km down wind, About 4000 people were killed in sleep or as they fled in terror, hundreds of thousands were injured or effected the victims who were almost entirely the poorest members of the population. The poisonous gas, caused death and left the survivors with lingering disability and diseases.
The Bhopal disaster was a result of the combination of legal, technological, organizational and human errors. The long term effects were made worse by the absence of systems to care for and compensate the victims. Also, the safety standards and maintenance procedure at the Union Carbide plant had been deteriorating and ignored for months.
Questions
i) From Bhopal Tragedy, what an industrial manager learns? What safety procedures are to be followed. Study the case deeply and state what were the defects of MIL unit. In view of this case, prepare a disaster management plan, which could cover be useful to a chemical company.
Q 4)
i) List the methods of waste management in the order of preference.
ii) What are the advantages of solid waste incernaton?
iii) Define hazardous waste
iv) List the legal provisions in the Environment Protection Act pertaining to hazardous waste
Q 5)
i) Discuss the role of CPCB (Central Pollution Control Board) in the pollution control activities in India.
ii) Mention the salient points of the 3 Acts:
iii) Explain the very elements of EIA (Environmental Impact Assessment) – different types of Impact Assessments – the benefits of EIA – The EIA process, key points to remember while conducting an effective EIA.
iv) Compare and contrast “polluter pays principle” with “beneficiary pays principle”.
v) What are the tenets of Risk management – explain the steps involved through a chart.
1. Give a block diagram in establishing the design and quality standards of technology recipient site?
2. Business decision making and the impact of the macro-environment, Discuss?
3. Give the constitution of SEBI Board and explain SEBI functions?
4. Write a note on socio-cultural environment of Business Write a note on socio-cultural environment of Business?
5. Discuss how the environment acts does as a stimulant to business. Analyze why business often does little for the preservation of physical environment despite the fact that it is significant for business activity?
6. Evaluate the advantages and disadvantages of FDI. What is your opinion on the role of FDI in the Retail Sector? Justify your views with India’s experience in this sector?
7. Discuss the Third plan (1961-66)?
8. Give any three critical elements of economic environment of Business?
CASE STUDY
Due to Germany’s rigid labour laws, high taxes and diminished local demand, many companies are considering moving their operations out of Germany. The industry is now demanding that unions should limit their demands for higher wages, and be prepared to work for longer hours if they want to retain their jobs. Companies like Siemens AG and DaimlerChrysler AG have successfully negotiated agreements that will allow employees to work for more than the previously sacrosanct 35 hours per week. In order to encourage companies to invest and hire in Germany, which is faced with a falling GDP (gross domestic product) and rising unemployment, the government is attempting to decrease the nonwage costs of labour and make dismissal laws more flexible.
Answer the following question.
Q1. Explain how inflexible labour laws lead to a vicious cycle of increasing unemployment, a decrease in business investment and consumer spending.
CASE STUDY
Tesco’s move into Korea offers a classic case study of building market share internationally. The company made some smart moves in their Korean expansion, most notably partnering with Samsung, the leading Korean conglomerate, and embracing the Korean way of life by operating stores as local businesses and community centers. Tesco also made a smart move by employing nearly 100% Koreans on staff, with only 4 British employees out of 23,000. Reports indicate that Tesco’s intelligent strategy has won over shoppers in Seoul, with 25% of Koreans signed up for loyalty cards and sales in the billions, finding success in “cracking” the Asian tiger,” where competitors such as Carrefour and WalMart have failed.
Answer the following question.
Q1. Give an overview of the case.
CASE STUDY
America has increased outsourcing exponentially over the last six months. The corporate top brass and experts however, have staunchly defended their decision to outsource, stating that the job shifting to developing nations with well-qualified human resources is necessary for the American companies to retain their competitiveness. While the pain is real for the people who have been rendered jobless, some politicians have chosen the issue to play on the minds of the populace, accusing outsourcing as a potential source for recession and jobless growth.
Answer the following question.
Q1. Explain the relationship between comparative advantage and outsourcing
Q2. Analyze the advantages and disadvantages of outsourcing in the context of US
Q3. Debate whether outsourcing is the real cause of unemployment in US and whether adopting a protectionist approach will be beneficial for the economy or not.
Q4. Give an overview of the case.
CASE STUDY
SEMA achieved increased productivity, competitiveness and profitability by embracing the use of eLearning to provide tailored educational sessions in the fields of business, IT and business transformation skills. By offering greater flexibility for the delivery of educational material, the disruption to business operations was minimized and staff members had the opportunity to progress at their own pace. From a sustainability perspective, the delivery of eLearning modules on-demand through the internet has provided SEMA with a number of opportunities to reduce the carbon emissions associated with: • Travel to training courses. • Hiring of training facilities. • The provision of paper related course material. • IT related book resources. The use of eLearning practices can be implemented within any organization, regardless of size, language or location. Though the environmental benefits associated with less travel and paper consumption are becoming increasingly important, it is the increase in staff retention and productivity that provides the strong business case for organizations to make the change to eLearning practices. Featured Organizations SEMA is a leading Direct Marketing, Consulting and IT Business Solutions group with the largest 100 percent privately owned direct mail operation in Australasia. Skill Soft is a leading provider of on-demand eLearning and performance support solutions for global enterprises, government, education and small to medium size businesses A high level of staff turnover was leading to significant costs associated with maintaining staffing levels and associated training. This was in-turn impacting quality, job knowledge, turnaround times, system knowledge and placing a significant strain on management staff. Due to the costs involved, investment in training was low across the board and was only provided to key staff members. Those staff that did receive training were offsite for up to five days in order to participate in training, which in turn impacted the operational departments and was not flexible enough to meet SEMA’s client needs. The Proposed Solution SEMA embraced the eLearning programs that are offered by Skill Soft in order to provide tailored educational sessions across the fields of business, IT and business transformation skills. All courseware is provided to SEMA staff online via the internet and has enabled SEMA to offer a wider range of educational information to a larger number of staff. 2 SEMA Page 7 What Were the End Benefits? (Efficiencies, Productivity, Financial, Cultural or Other) The key benefits achieved were: • 822 percent Return on Investment (ROI). • Average staff tenure increasing to 2.8 years and growing. This has allowed SEMA to keep key skills and knowledge in-house and has provided a stable platform to both increase competitiveness and profitability.
Answer the following question.
Q1. How did SEMA achieve increased productivity, competitiveness and profitability in business? Discuss.
Q2. Give your views on the case.