MGT503 GDB # 1 Solution

Mr. Ali is working as a manager in Global Inc for 15 years. He is successfully managing the Pakistan region. Once, Mr. Aftab Ahmed, CEO of the Global Inc visited Bangladesh and astonished to find out the investment opportunities and hence decided to expand his company to Bangladesh. Seeing the brilliance and competence of Mr. Ali, he appointed him managing director of Bangladesh region. With this new position, do you think Ali can universally apply the management concepts that he have learned? Give rationale.


Solution:

Mr Ali (its me :p) is working as MANAGER his post changes to MANAGING DIRECTOR coz MR.AFTAB AHMED SAHAB appointed him so wat i think managers are more likely concerned with the work directly and can show skills on the other hand Managing director controls managers .

MGT503 Assignment # 1 Solution

Semester “Fall 2010”

“Principles of Management (MGT503)”
Assignment No. 1 Marks:15

“Mathematical Modeling in Management”

Q1) Can mathematical modeling or quantitative techniques help the manager to solve the problem of work assignment? Rationally support your argument. 15 Marks

Solution:

MGT503 GDB Solution

Name any ONE entrepreneurial venture in Pakistan and discuss how it has used innovation to create value in order to make it successful.

entrepreneurial venture in Pakistan
(Energy supply and economic stability are interlinked venture)
entrepreneurship opportunities are patronized in Pakistan, to encourage investments by the budding entrepreneurs in the power sector for electricity generation from small hydel plants, nuclear, wind and solar energy projects
Entrepreneurs have shown substantial interest in rental power plants to be installed in Pakistan. More private sector entrepreneurs must come forward to join hands with the government for power sector investment and projects. NEPRA has made considerable progress towards the development of the regulatory regime and future market design for the power sector
GOP guarantees protection against any change in duties and taxes, and against specified “political risks.” Exemption from income tax, including turnover rate tax and withholding tax on import is available to private power generation projects. For hydropower projects, hydrological risk is to be borne by the power purchaser.
Through following corrective action this one used innovation to creat value In order to make it successful:
Government support and Policies,Reforming the Educational Infrastructure,Raising awareness,Promoting equal opportunities,Encouraging and facilitating the international exchange of ‘good practice’,Creating awareness about Self employment,Availability of Financial instruments,Creation of National Commission
Encouraging young entrepreneurs to enhance networking
Establishment of Independent bodies

MGT503 Assignment # 2 Solution

QUESTION NO 1 WHAT DO U you think goals might play in a company’s planning for any possible pandemic outbreak?list down some goals that you think might will be important .

Answer: Goals are desires outcomes for individuals, groups, or entire organization. They are also called ‘objectives’. The goals play very important role in a company’s planning They guide all management decision and from the criterion against which actual work being done is measured. They are also called the FOUNDATION of planning. Goal setting and planning is often called the primary management function because it established the basis for all other things that managers do. Without goal setting and planning, managers would not know what to organize and lead, and control. in other words goals provide the direction for all management decision and actions and from the criteria against actual accomplishment are measured. Some goals that is important: Most company‘s goals can be classified as either strategic or financial .every organization has its own goals, in this case ….
Respect the environment

Promote community welfare

Continue implementing quality system

Identify potential unexpected events

Have a appropriate response (plan)in place if these unexpected events occur

Question no 2 :


what types of plan companies need for this situatuation (for instance short term ,long term or both )explain why you think these plans are important in this situation .

Answer. The most popular ways to describe organizational plans are by their BREDTH, TIME FRAME, SPECIFICITY, and FREQUENCY OF USE. Strategic plans are long term, directional,and single use. operational plans are shorter term ,specific ,and standing . In this case government and health officials need to time frame (long term and short term planning). Why these plans are are important? Planning provides direction to government and health official ,that what they must contribute to reach goals ,they can coordinate their activities, cooperate with each other and do what it takes to accomplish those goals. Without planning, departments and individuals might work at cross-purpose, preventing the organization from moving efficiently towards its goals. Planning also reduce uncertainty by forcing managers to look ahead. Planning minimize waste and redundancy. Planning established the goals used in controlling. Planning will increase the performance of health officials in this case to limit the spread of decease.

Question no 3.


Being a manager what planning tools would you recommended to deal with this type of situation effectively?

Answer: There are different types of tools that used in planning like environment analysis, environment scanning, competitor intelligence, forecasting and benchmarking. In this situation I think benchmarking is the best tool to deal with this type of situation effectively. The basic idea behind benchmarking is that we can improve performance by analyzing and coping the methods of leaders in various fields. As in this situation Asian and particularly south Asian countries had planned. According to survey 80 corporate nearly every company had someone in charge of such catastrophic situation and most of them had clearly mapped out plans that could be implemented immediately in such a crisis situation. So we can improve performance by analyzing and copying the methods of that company.

MGT503 Paper

MGt503 Principle of Management Date: 8-03-2010 Start: 11:00 to 1:00


Total Questions: 68 Marks: 92

Total MCQS: 64 Marks: 64

Total Long Questions: 4 Marks: 28

Question 1. You are the Entrepreneur and what are the basic stratgies to face to create market plan? Marks: 3

Question 2. importance of departmentalization? Marks: 5

Question 3. Dalta Pvt Ltd is Entrepreneual organization you want to motivate the innovation in the employees? what are the stratigies for innovation? Marks 10

Question 4. What rae the Different Between the size of the group and the behavior of the group? Marks: 10

MGT503 GDB

MGT503 GDB:

Dear Students....GDB of MGT503 is on VU-LMS, A suggested reference from Lecture Notes is given under, suggestions are welcome. Friends can write in their own words......
Question No. 01:
(Organization design)A "mechanistic organization" is an organizational structure that is characterized by high specialization, rigid departmentalization, narrow spans of control, high formalization, a limited information network, and little participation in decision making by low-level employees. (Page#90 Lecture Notes)
Question No. 02:
(Departmentalization)The "Functional structure" groups jobs into units based upon similarity of expertise, skills, and work activities. (Page#83 Lecture Notes)

MGT503 GDB

Principles of Management (MGT 503) GDB No. 02
ABC Company deals in knitwear. The company offers high quality jackets, suits and
woollen sweaters. Currently company is performing better than its competitors in terms
of market share and product quality. The manager of the company identifies that more
sales can be generated through market diversification before seasonal trends change in
local market. Company is exploring international markets for exporting its product. For
better performance in local market, company is planning to remove deficiencies of its
service staff through training.
Conduct SWOT analysis of ABC Company.
Answer/Solution:
ABC Company
Strengths, Weaknesses, Opportunities and Threats (SWOT) Analysis.
Strengths: Offering high quality jackets, suits and woollen sweaters with better market
share and product quality than its competitors.
Weaknesses: Lack of strategies to cope with market diversification with respect to
seasonal trends in local market and lack of well trained service staff.
Opportunities: The Company can explore International Markets for exporting its
products and consequently generating more revenue with Global exposure, repute and
strategic niche that ABC might exploit.
Threats: Sudden change of seasonal trends in local market may affect materially the
revenue, ABC is currently generating.

MGT503 Quiz

MGT503 2nd Quiz:
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MGT503 Quiz

MGT503 Quiz:

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MGT503 GDB

MGT503 Principle of Management
Production workers of the Alpha Corporation were on the strike demanding for the additional bonus which was rejected by the CEO of the company as per the financial position of the company. The CEO communicated this decision to Mr. A who is HR manager to communicate it to the workers and ordered him to convince the workers as well in order to call off the strike.
Answer the following questions.
Question 1: Identify the role which Mr. A is playing.
Question 2: Mr. A is the manager of which level?
Question 3: What type of skill Mr. A should posses to motivate his subordinates?

ANSWER:
Question 1: Identify the role which Mr. A is playing.
Ans1. Mr. A is playing Decisional Role(Negotiator)
Question 2: Mr. A is the manager of which level?
Ans2. Mr. A is the middle level manger.
Question 3: What type of skill Mr. A should posses to motivate his subordinates?
Ans3. Mr. A should posses human skill to motivate his subordinates.