Annamalai University assignment Solution 2019
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Principles of Management
Q1. Management can be defined as “A process of bringing about improvement in knowledge, skill habit and attitudes of the employees in an organization”. Discuss.
Q2: “Decision making is the most critical managerial task.” Discuss the above statement in light of decision-making Process.
Q3: Select a business or political leader whom you admire, and identify his or her style of leading by applying the managerial grid or the continuum-of-behaviour model of Tannenbaum and Schmidt.
Q4: “The only planning tool we need in the company is the budget. If everyone meets his or her budget, we need nothing else, and management by objectives would be an unnecessary frill”. Comment.
Q1: Explain the recent trends in marketing concepts, also discuss the factors that a marketing manager must take into account while developing the marketing mix for the below mentioned products. I. Female Cosmetics, II. Children Health Drinks and III. Adult Bike.
Q2: “Every change in the political and legal environment creates an adjustment problem for the marketers” – as a budding manager what is your opinion about this statement and suggest a suitable strategy to adopt successful and smooth running of your business.
Q3: In designing an advertising campaign for a soft drink, which would you find more useful; information about consumer demographics or information about consumer life style? Give an example of how would you use each type of information.
Q4: Suggest a successful way to segment the market for the following products
a) Detergent soap
b) Designer Jewellery
c) Breakfast Cereals.
Q1: It is usual to declare good dividends when the company is making good profit. It is profitable for companies not to declare any dividend even when they are making good profits? What will be the reaction of the shareholder? Discuss.
Q2: If you are working as a financial manager in an organization, what are your policies to make profit for the organization?
Q3: Assume that you are new entrepreneur to start the business, which financial resources you opt? Justify with your views.
Q4: “The success of a business concern depends upon the way in which it earnings are computed, distributed and retained¡±- Comment on this statement.
Q1: Prepare step by step Supply Chain network layout for any manufacturing company.
Q2: List the various factors to be considered for locating Atomic Power plant.
Q3: Prepare PERT network for assembling a Motor Bike.
Q4: Visit any production plant and list various Material Handling devices with photographs. Explain its advantages and disadvantages.
Human Resource Management
Q1.”HR outsourcing has become a common practice throughout the world”-Discuss the implications of HR outsourcing functions.
Q2: Identify the Paramount barriers for effective training programme in IT field and how to crush them”. Explain with real life examples.
Q3: What type of interview techniques do you adopt for selecting an Executive in a FMCG company for the post of Marketing Manager?
Q4: Assume that you are responsible for evaluating the employees¡¯ performance in the public sector manufacturing company. Discuss the appraisal process. Also explain techniques you apply for various levels and give reasons.
Statistics For Managers
Q1: Which measure of central tendency would be most useful in each of the following instances?
(a) The production manager for a manufacturer of glass jars, who is concerned about the proper jar size to manufacture, has sample data on jar sizes ordered by customers. Would the mean, median, or modal jar size be of most value to the manager?
(b) The sales manager for a quality furniture manufacturer is interested in selecting the regions most likely to purchase his firm¡¯s products. Would he be most interested in the mean or median of family income in prospective sales areas?
(c) A security analyst is interested in describing the daily market price change of the common stock of a manufacturing company. Rarely the market price of the stock changes by more than one point, but occasionally the price will change by as many as four points in one day. Should the security analyst describe the daily price change of the stock in terms of the mean, median, or mode of daily market price change?
Q2: Late payment of medical claims can add to the cost of health care. An article reported that the mean time from the date of service to the date of payment for one insurance company was 41.4 days during a recent period. Suppose that a sample of 100 medical claims is selected during the latest time period. The sample mean time from the date of service to the date of payment was 39.6 days, and the sample standard deviation was 7.4 days.
a. Using the 0.05 level of significance, is there evidence that the population mean has changed from 41.4 days?
b. What is your answer in (a) if you use the 0.01 level of significance?
c. What is your answer in (a) if the sample mean is 38.2 days and the sample standard deviation is 10.7 days?
Q3: La Quinta Motor Inns developed a computer model to predict the profitability of sites that are being considered as locations for new hotels. If the computer model predicts large profits, La Quinta buys the proposed site and builds a new hotel. If the computer model predicts small or moderate profits, La Quinta chooses not to proceed. This decision-making procedure can be expressed in the hypothesis-testing framework. The null hypothesis is that the site is not a profitable location. The alternative hypothesis is that the site is a profitable location.
a. Explain the risks associated with committing a Type I error in this case.
b. Explain the risks associated with committing a Type II error in this case.
c. Which type of error do you think the executives at La Quinta Motor Inns are trying hard to avoid? Explain.
Q4: The chair of the accounting department wants to develop a regression model to predict the grade point average in accounting for graduating accounting majors, based on the students¡¯ SAT score and whether the student received a grade of B or higher in the introductory statistics course (0 = no and 1 = yes).
a. Explain the steps involved in developing a regression model for these data. Be sure to indicate the particular models you need to evaluate and compare.
b. Suppose the regression coefficient for the variable of whether the student received a grade of B or higher in the introductory statistics course is +0.30, how do you interpret this result?
Q1: Assuming you are a Chief Personnel Manager of a leading MNC, draft a letter calling a candidate for an interview in reply to his application for the position of Chief Financial Executive.
Q2: Assume yourself as a Customer Relationship Manager of a bank. You have received a letter from your customers who have complained to you about the rude behaviour of a computer clerk. Since the customer is an important person, write a letter to convince the customer.
Q3: Communication is lifeblood of an organization and without it organization cannot exists. Discuss this statement.
Q4: The problem of communication arises because there are various obstacles which may entirely prevent a communication or filter part of it, or present it incorrect. Comment and discuss.
Advertising and Sales Promotion
Q1: “Advertising increases competition and improve life -style by helping to bring new product to the consumer”. Do you agree or not? Substantiate your views.
Q2: Persuasive advertising is the most obvious kind of advertising- Do you agree? Elaborate the reasons.
Q3: It is said that advertising is a waste of scarce resources in a developing country like India. Do you agree? Substantiate your arguments with appropriate examples.
Q4: Give examples of consumer behaviour concepts applied to sales promotion.
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