IIBMS MBA EXAM ANSWER SHEETS
FOR FULL ANSWER SHEETS CONTACT
DR.
PRASANTH BE BBA MBA PH.D. MOBILE / WHATSAPP: +91 9924764558 OR +91 9447965521
EMAIL: prasanththampi1975@gmail.com WEBSITE: www.casestudyandprojectreports.com
BUSINESS MANAGEMENT
CASE – 1: Where Do We Go from Here?
Question
Suppose
you were an observer at the seminar. During tea and lunch breaks you had an
occasion to meet several people who were skeptical and felt that the reform
process was having only a superficial impact on the corporates. Express your
opinion that you form about the issues at the seminar.
Ans:
My
opinion about the topic is, family
business is not all good and not all bad. It can be a great idea or a downright
horrible idea. Like anything, a family business has both advantages and
disadvantages. The best you could do before starting a family business is to
know all the pros and cons and prepare yourself for the road ahead. A family
business can work for you, but it also can ruin you. The best you can do is to
prepare yourself for it. A family business has its pros and cons, and I can't
blame you for the reservations that you feel in setting up one. On the surface,
starting a family business company seems like a good idea — young family
members don't need to worry about applying for jobs. You work with people you
know very well and you can trust. However, what binds a family enterprise
together can also be the wedge that can tear it apart. Family dynamics
inevitably impact on the operation of the family owned business. Personal and
business problems are intertwined so that they are extremely difficult to
identify, much less resolve. Upsides and downsides. We hear horror stories
about families feuding about money, commercial decisions, succession, etc.
However, for every horror story, I think you would find a success story — where
families are able to make a go of an enterprise without undermining their
relationships. You might wish to meet
with your brothers to weigh the advantages and disadvantages of setting up a
family enterprise. Here are some of them:
Its
Advantages are:
1.
Family members behave as stewards of the business and its capital needs for the
benefit of the next generation. So they tend to take a long-term view regarding
their investments.
2.
Hiring family members means hiring people who are more committed to the success
of a business than when they are ordinary employees. When things get tough,
they will do what is needed to make it work.
3.
Often a family business defines success not only in terms of profit but also in
providing employment and benefits to the community. A business, as your
brothers said, can offer employment to qualified relatives and opportunities to
bond with them as well as put cherished beliefs into practice.
HUMAN RESOURCE MANAGEMENT
CASE: I Enterprise Builds On People
Question:
1.
Would Enterprise’s approach human
resource management work in other industries?
No, because at the HRM of this enterprise
, there is no border between employees and managers , all of them has the same
uniform and all. For other industries it is not like this.
2.
Does Enterprise face any risks
from its human resource strategy?
3.
Would you want to
work for Enterprise? Why or why not?
CASE:
II Doing The Dirty Work
Question:
1.
How relevant are the concepts of
competencies to the jobs in a chicken-processing plant?
INTERNATIONAL BUSINESS
CASE: I ARROW AND THE APPAREL INDUSTRY
1.
Why did
Arvind Mills choose globalization as the major route to achieve growth when the
domestic market was huge?
When businesses decide to expand through
global marketing there are certain issues of concern, for example, where a
product will be most productive with consumers or how to promote the product in
another country and is the demand for the product large enough that it will
bring in enough profits for the business. Marketers of a company must create a
marketing strategy that will influence consumers locally but also
internationally. For example, The Bank of North Carolina was a local bank but
wanted to extend the company but needed a marketing strategy that would
introduce the company to a global market. The best way to approach this
situation was merger with one of the highest respecting banks in the nation
Bank of America. From the merger it brought recognition to the local bank and
also has consumers in other parts of the world. Merging with other well known
establishments is one way of putting local businesses out on the market.
Global and domestic markets consist of consumers with the income to spend. When there is opportunity to introduce a new product to those willing to buy marketers continue to think of creative strategies to keep consumers interested. When companies decide to go global the research is done to provide information on where a product will become marketable. Some countries are not as developed so the chances of a high selling product are risky. The reason business do go international is for the opportunity to reach more consumer base. Most of the clothing that is purchased in the United States is made in China or India. The two countries have a large hiring population and the more people there are, the more money he or she will spend. The choices to contribute to the economy in global and domestic areas are the same, without consumers spending than all products will sit on the shelves.
Wal-Mart is an organization that is familiar in conducting both domestic and global marketing. As of January 31, 2006, Wal-Mart has 1, 209 stores, 1,980 Super centers in the United States. Internationally, the company has operated 11 units in Argentina, 156 in Brazil, 278 in Canada,
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