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DRIVE SPRING 2016
PROGRAM Master of
Business Administration - MBA
SEMESTER IV
SUBJECT CODE &
NAME
ML0018
Project Management in Retail
1
Explain the scope and significance of project management in retail.
Retail in India
is a mix of organized and unorganized retailing with very high percentage of
unorganized retailing but at the same time rapidly growing organized retailing.
Answer: Retail in
India is a mix of organized and unorganized retailing with very high percentage
of unorganized retailing but at the same time organized retailing is growing
rapidly. Modern retailing in India is cluttered with small as well as large
format stores, meeting different
2
What is a hypermarket?
Hypermarkets aim
to meet the needs of large middle-class segment of India who are extremely
price sensitive.
Answer: This format
aims to meet the needs of large middle-class segment of India who are extremely
price sensitive. These stores are characteristically large, generally occupying
area around 40,000 sq.ft. and are usually located outside the city limits.
Hypermarkets primarily cater to daily necessities and grocery items at highly
competitive rates. Sales promotions and products on
3
Explain how projects are classified.
A suitable
classification of projects gives a solid logic for building a system for
effective decision-making.
Answer: A suitable
classification of projects gives a solid logic for building a system for effective
decision-making. Classification of projects is the pre-requisite for creating
an effective system of project planning and execution. Issues related to the
process of handling project proposals, various authorities involved in the process
and their powers and duties are included in this section of
4
Discuss the financial compensation and rewards in relation to project human
resource management.
Compensating the
employees involved in the project team is one of the important functions of
project HR.
Answer: Compensating
the employees involved in the project team is one of the important functions of
the project HR. Insufficient compensation may lead to low morale and
de-motivated employees. The compensation function for the project management is
generally separated from the
5
What are the basics of franchising?
The foremost
benefit of the franchise business model is the brand name of an already
established and credible organization, the support received in setting up the
whole unit, quality standards and procedures to maintain such quality and so
on.
Answer: The foremost
benefit of the franchise business model is the brand name of an already
established and credible organization, the support received in setting up the
whole unit, quality standards and procedures to maintain such quality and so
on. There are two parties involved i.e.
6
Explain financial appraisal.
Financial
assessments are part of a retail organization’s regular management practice.
Answer: Financial
assessments are part of a retail organization’s regular management practice. It
is also done at the preliminary stage of project idea and evaluation during the
formulation of a project. The process is then taken further with the reviews of
senior management and
Get fully solved assignment. Buy online from website
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or
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if urgent then call us on 08791490301, 08273413412
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