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Fall
2017
PROGRAM/SEMESTER
MBADS/
MBAFLEX/ MBAHCSN3/ MBA – SEM 4
PGDBMN/
PGDENMN/ PGDFMN/ PGDHRMN/ PGDHSMN/ PGDIB/ PGDISMN/ PGDMMN/ PGDOMN/
PGDPMN/PGDROMN/ PGDSCMN/ PGDTQMN – SEM 2
SUBJECT
CODE & NAME
MB0052-
Strategic Management and Business Policy
Q1
What is strategy? Explain the various level of strategy in an organization.
Meaning
of strategy Levels
Answer:
Business or military
success is not the result of any accidental strategies. Rather, success is the
outcome of continuous attention to internal and external conditions and
formulation and implementation of strategies to suit those conditions. The
element of surprise or unforeseen situations provides a challenge as well as an
opportunity for both mil
Q2
Specify the interrelationship between strategic planning and strategic
management. Which comes first?
Explanation
of the concepts
Answer: Strategic
Planning and Strategic Management
Plan or planning should precede action. And, strategic
planning should precede strategic management. Strategic planning (also called
corporate planning) provides the framework (some call it a tool) for all major
decisions of an enterprise—decisions on products, markets, investments and
organizational structure. In a successful
3
What is a mission statement? Differentiate between a mission statement and a
vision statement.
Mission
Statement
Differences
Answer: Mission Statement
‘A
business is not defined by its name, statutes or articles of incorporation. It
is defined by the business mission. Only a clear definition of the mission and
the purpose of the organization makes possible clear and realistic business
objectives.’
4
What is SWOT analysis? Explain SWOT analysis in the form of a matrix?
Explanation
of the concepts
Answer: ETOP and
EFEM focus only on the opportunities and threats from the environment. But, to
exploit an opportunity or to consider a threat, a company should have required
strengths or competence. A company also needs to know its weaknesses in terms
of competence, because weaknesses may affect its capability to take advantage
of
5
Define corporate turnaround? Distinguish between surgical and nonsurgical
turnaround. Explain with some examples?
Corporate
turnaround
Surgical
turnaround
nonsurgical
turnaround
Answer: Corporate turnaround may be
defined as organizational recovery from business decline or crisis. Business
decline for a company means continuous fall in turnover or revenue, eroding
profit, or accrual or accumulation of losses. So, business or organizational
decline, like business performance, is understood in relative terms, that is,
compare
6
What are the major characteristics of an effective strategy evaluation system?
Analyse these characteristics.
Explanation
of the concepts
Answer:
strategy evaluation and control is an elaborate, and,
at times, complex, process. It can also be a sensitive process because of the
human factor involved. Too much or too rigorous evaluation and control may be
expensive and, sometimes counterproductive also—authority and flexibility maybe
challenged, minimized or even
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PROGRAM
Master of
Business Administration- MBA
SEMESTER
Semester 4
SUBJECT
CODE & NAME
MB0053
–International Business Management
Qus:1 In international business, scanning of demographic
environment plays an important role as it helps firm understand the various
demographic factors. One has to understand both sides of the demographic
environment while planning strategy for international markets. Explain this
concept.
Explanation of the concept. 10
Answer: In international business; scanning of demographic
environment plays an important role as it helps firm understand the various
demographic factors such as gender; age; religious background and ethnicity.
Firms; while appraising international markets for new business opportunity or
product
Qus:2 Explain foreign direct investment and its advantages.
Explanation of Foreign Direct Investment 3
Advantages of Foreign Direct Investment 7
Answer: FDI is the investment made by a company in a foreign country
to start its operations. Various options available for an FDI are as follows:
Whole owned
Qus:3 Regional integration can be defined as the unification of
countries into a larger whole. It also reflects a country’s willingness to
share or unify into a larger whole. Explain its types.
Types of Integration 10
Answer: A
whole range of regional integrations exist today. Different types of regional
integration are discussed in this section.
Preferential trading agreement
Preferential
trading agreement is a trade pact between countries. It is the weakest type of
economic integration and
Qus:4 There are several methods used in globalised era for
international market entry, such as exporting, franchising, licensing, joint
venture and wholly owned subsidiary. Compare any two mode of Foreign market
entry.
Comparison of any two modes 10
Answer:
|
Sl.
no.
|
Mode
|
Factors favoring
the entry mode
in target market
|
Advantages
|
Disadvantage
S
|
Qus:5 In today’s trade, the increasing number of strategic
alliances stands as one among the fast growing developments. Explain. What are
the advantages and disadvantages of formulating strategy?
Explanation of Strategic Alliance. 5
Advantages and disadvantages of formulating strategy. 5
Answer: In today’s trade, the increasing number of strategic
alliances stands as one among the fast
Qus:6 ‘Global sourcing’ is described as ‘the practice of sourcing
cost effective and best goods and services across geopolitical boundaries in
order to cater to global markets’. Explain five reasons for Global Sourcing.
Any five reasons for Global Sourcing. 10
Answer: Lower salary and wages
The foremost reasons for global
sourcing has been the ‘financial incentive’ of outsourced operations to low
cost labour destinations such as India, Philippines, Poland and Romania. Due to
the different stages of economic development, labour cost of workers in any
developed countries is far higher than their counterparts. The following table
illustrate labour cost differentials
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DRIVE
Fall
2017
PROGRAM
MBA
SEMESTER
IV
SUBJECT
CODE & NAME
OM
0015 – MAINTENANCE MANAGEMENT
Q1. Explain Meaning and Types of
Maintenance Objectives in Maintenance Management.
Meaning of Maintenance Objectives
Types of Maintenance Objectives
Answer:
Meaning
of Maintenance Objectives
It is very important
for an organisation to have effective maintenance management in place to keep
its machines and equipment under good working conditions. Maintenance
management helps organisations to ensure that there are no work stoppages in
order to keep an effective and reliable production system. Effective
maintenance management helps an organisation to achieve its goals within the
stipulated time. Earlier, maintenance activities were performed by operators
employed in a production plant. However, with
Q.2: Explain different types of
maintenance tasks.
A. Types of maintenance tasks.
ANS:
Types of maintenance tasks:
As
discussed earlier, preventive maintenance aims to retain machines and equipment
under good working conditions and avoid failures through early detection. It
differs across organisations depending on their plant size and other
requirements. However, preventive maintenance is broadly classified into four
Q.3: Explain following Aspects to
be Considered for Machine Quality
Conformance to machine
specifications
Frequency of machine failures
ANS:
Conformance to machine
specifications:
Machine
specifications are the detailed and precise description of what is expected
from a machine or equipme
Q.4: What do you mean by Condition
Monitoring? Elaborate various Steps Involved in Condition Monitoring Program
A Meaning of Condition Monitoring
Steps Involved in Condition
Monitoring Program
ANS:
Meaning of Condition Monitoring:
Q.5: Write short notes on the
following-
a. Zero based budgeting
b. Remote maintenance audit
c. Codification of spare parts
d. Maintenance Benchmarking
ANS:
a. Zero based budgeting:
It
is a method of budgeting in which all expenditures are justified each time a
budget is prepared for a new
Q.6: Describe various types of
preventive maintenance.
A Types of preventive maintenance
ANS:
Types of preventive maintenance:
Preventive
maintenance aims to retain machines and equipment under good working conditions
and avoid failures through
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DRIVE:
fall 2017
PROGRAM:
MBA
SUBJECT
CODE & NAME: OM 0016 – QUALITY MANAGEMENT
CREDITS
& MARKS: 4, 60
SEMESTER:
IV
BK
ID: B2009
Q1. Explain the concept of Quality
Awards. How would you assess the performance of applicant organisations for the
European Quality Awards?
Concept of Quality Awards
European Quality Awards
Answer:
Quality Awards
Quality awards are awarded for some
aspect of quality performance that has been demonstrated to an organisation,
which has no responsibility for the recipient's performance.
All quality awards are awarded on
the basis of an assessment of the applicant's performance against certain criteria.
Some awards measure the result of quality activities (such as customer
satisfaction), some assess the
Q.2: Elaborate the concept of
International Standards. Also explain the following terms
a. ISO 9001:2008
b. ISO 9004:2009
c. ISO 90003:2004: Software Quality
Management
d. ISO 13485:2003: Medical Devices
Quality Management
ANS:
ISO 9001:2008:
The
ISO develops standards keeping in mind the requirements of the industry. The
ISO’s 9000 series is developed to serve the quality aspects, which also include
the eight principles of management systems. The ISO 9001 certification is not
provided by the ISO. If an organisation wishes to receive the certification,
Q.3: Explain the concept of
culture. Differentiate between authoritarian culture and participative culture.
A Concept of culture
Differentiate between authoritarian
culture and participative culture.
ANS:
Concept of culture:
“Culture
is the deeper level of basic assumptions and beliefs that are shared by members
of an organisation that operate
Q.4: Explain the steps of
continuous quality improvement.
A Steps of continuous quality
improvement
ANS:
Steps of continuous quality
improvement:
CQI
is a systematic approach and involves a number of steps:
The
steps in CQI are explained with examples as follows:
1.
Identifying the core outputs, which are mandatory for customer satisfaction.
For example, the core outputs of a restaurant can be the taste and the quality
of the food and beverages served in the restaurant.
Q.5: Define different aspects of
the design and development of a product.
A Different aspect of the design
and development of a product
ANS:
Different aspects of the design and
development of a product:
Design
involves those activities that are carried to create the appearance, style and
touch of a product. Therefore, it includes the architecture of a product,
selection of raw materials and processes. On the other hand, the development of
a product
Q.6:
Write Short notes on following.
a.
Knowledge Management
b.
Expertise location
c.
Communities of Practice (CoPs)
d.
Knowledge management strategy e. Knowledge culture
ANS:
a.
Knowledge Management:
Knowledge
Management (KM) is a process of identifying, representing, and adapting
perceptions and experiences from various dimensions. The following are some of
the popular definitions of KM:
According to
Karl Erik Sveiby
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fall
2017
PROGRAM
MBA
SEMESTER
IV
SUBJECT
CODE & NAME
OM
0017 – ADVANCED PRODUCTION AND PLANNING CONTROL
Q.1:
Explain Various Functions of Production Planning and Control.
Explain
Various Functions of Production Planning and Control.
Answer:
The
main functions of PPC are the coordination of all the activities, which exist
during production or manufacturing.
Materials : This
Materials : This
Q.2:
Explain the concept of Master Schedule. Also define the Characteristics of the
master schedule.
A
Concept of Master Schedule
Characteristics of the master schedule
ANS:
Concept
of Master Schedule:
Master schedule
is the presentation of the production schedule at the summary level, depicting
various key elements, resulting
Q.3:
Define the various steps of VA.
A
Various steps of VA
ANS:
Various
steps of VA:
Step
1:Information stageIn the first step, all the relevant
information about the material is collected. This information comprises cost,
manufacturing methods, performance characteristics, etc. It is not only the
first step but also an
Q.4:
Write Short notes on
a.
Hybrid 1: MRP with lean principles
b.
Hybrid 2: Kanban with MRP planning
c.
Hybrid 3: MRP for capacity and long lead time
d.
Hybrid 4: Pull system with spike control
ANS:
a.
Hybrid 1: MRP with lean principles:
When the demand
pattern is very stable and has a radical design change of product, most of the
planning and execution can be achieved by using MRP. However, to provide better
stability to the system, some of the lean principles are
Q.5:
Differentiate between Mass Production and Batch Production.
A
Mass Production
Batch
Production
ANS:
Mass
Production:
A term sometimes
used in the popular press for a line process that uses the make-to-stock
strategy. Mass production is the
Q.6:
Elaborate various Elements of cost.
A
Elements of cost
ANS:
Elements
of cost:
The total cost
consists of three elements namely, material, labour, and expenses. These three
elements are further classified into direct
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DRIVE
Fall
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PROGRAM
MASTER
OF BUSINESS ADMINISTRATION (MBA)
SEMESTER
IV
SUBJECT
CODE & NAME
OM0018
– TECHNOLOGY MANAGEMENT
Q.1:
Describe the concept of technology management. Explain the various stages of
strategic technology management system (STMS).
Concept
of technology management
Stages
of strategic technology management system
ANS:
Concept
of technology management:
Technology management can be
defined as a process of planning, organising, selecting, and controlling
technological resources to maintain or increase the capability and efficiency
of an organisation. According to the Association of Technology Management and
Applied Engineering, technology management is, “the field concerned with the
supervision of personnel across the technical spectrum and a wide
Q.2:
Define technological innovation. Explain the different types of innovation on
the basis of flexibility and in terms of offerings.
Concept
of technological innovation
Types
of innovation on the basis of flexibility and in terms of offerings
ANS:
Concept
of technological innovation:
“Innovation is the change that
creates a new dimension of performance”.
According to the Department of Trade and
Industry, UK, innovation refers to “the successful exploitation of new ideas”.
In simple words, innovation refers to the invention and successful commercial
exploitation of their invention. Technological innovation is one of the ways of
gaining competitive
Q.3:
Briefly explain the guiding principles of technology management.
Guiding
principles of technology management
ANS:
Guiding
principles of technology management:
Principles act as a guiding force
in the management of any operation. For instance, to execute the marketing
activities of an organisation, certain principles should be followed. These
principles are value creation, fulfilment of consumer needs, etc. Similarly, a
new technology paradigm requires definite guiding principles. Betz et
Q.4:
With a neat diagram, explain the various stages of technology life cycle.
Diagram
Various
stages of technology life cycle
ANS:
Diagram:
Q.5:
a. Define technology transfer. Explain the steps involved in technology
transfer process.
b.
Explain the major categories of technology transfer
Concept
of technology transfer
Steps
involved in technology transfer process
Major
categories of technology transfer
ANS:
Concept
of technology transfer:
It involves the transfer of
adoption of technology from the internal sources in the organisation or
implementing
Q.6:
Explain the technological impacts on different aspects of society.
Technological
impacts on society
Answer:
There
occurs a cyclical relationship between technology and society.
Technology
has brought
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