Friday, August 27, 2010

MGMT628 GDB # 1 Solution

Change management process of brining permanent change and making it part of origination. They are such reason of this cause:-
Improve process performance and eliminate causes of mistakes in manufacturing and business processes by focusing on process outputs that are critically important to customers.
It is the process of managing change or incorporating the turbulent environment. Where organization adopt changes to its processes, structure, even sometime into their statements.
An infrastructure of management systems and permanent change agents is created to lead, deploy, and implement improvement projects

Monday, August 23, 2010

MGT613 Assignment # 2 Solution

TENTATIVE SOLUTION OF ASSIGNMENT # 2
MGT613 (PRODUCTION & OPERATIONS MANAGEMENT)
Question:
HiStars a manufacturing company deals in manufacturing computers. Marketing,
Finance and Operations are three important departments of the Company. The
functions of these departments are interrelated and can’t carry without each other in
maintaining their production process.
1: Describe the importance of each department to the other.
2: Describe why it is necessary for an Operations Manager to have the knowledge of
Marketing and Finance.
SOLUTION
For Question # 1
Organizational goals are achieved more efficiently by the concerted efforts different
departments and functions. A business organization has three basic functions: finance,
marketing, and production/operations. These three functions perform different but
related activities necessary for the operations of the organization and each makes an
important contribution. For instance, unless production and marketing work together,
marketing may promote goods and services that production cannot profitably deliver, or
production may turn out goods or services for which there is no demand. Marketing
division is the front end of any because it gathers information about customer’s
requirement, creates demand forecast for the product or service in order to plan
production. The basic function of finance is allocation of resources, so, unless finance
and production people work closely, funds for expansion or new equipment may not be
available when needed.
For Question # 2
Operations Manager needs to have knowledge of budgeting, budgets are periodically
prepared to plan financial requirements. Budgets are sometimes adjusted and
performance relative to a budget must be evaluated. Moreover, evaluation of
alternative investments in plant and equipment requires inputs from both operations
and finance people.
Operations manager needs to have the information about demand of a specific product
in the market so that it can plan for the material to be purchased and work to be
scheduled. Business organizations compete with one another in a variety of ways like
price, quality, product or service differentiation, flexibility and time to perform certain
activities, so, it is important for an operations manager to have knowledge about all of
these areas in order to know “what do the customers want” .And “how we are going to
deliver that to them”.

MGT613 Assignment # 1 Slution

SOLUTION OF ASSIGNMENT # 1
MGT613 PRODUCTION & OPERATIONS MANAGEMENT
Requirement:
Select a product of your own choice and:
1. Describe the major factors you will consider in the design strategy of
that specified product.
2. Being an Operations Manger what would be your major objective
while designing that specified product?
Solution
Ans. Q. 01
As an operations Manger I will consider the following major factors in the
design strategy of beauty soap.
· Cost:
I will emphasize on minimizing the cost of ingredients and raw material in
the process of making soap and using an easy recipe so that the cost should
not increase much.
· Quality:
Quality can not be compromised so I will focus on maintaining the quality
while keeping the cost minimum. My main focus will be that customers
should have a good feeling while using the soap, its fragrance, packing and
a good impact on skin by using the soap for a long time.
· Time-to-market:
I will ensure that the soap is readily available in the market so that
customers may find it every time when they visit to different stores to buy
it.
· Customer Satisfaction:
I will focus heavily on customer satisfaction so that I may sustain them. The
usage of the soap and its price along with quality will provide maximum
satisfaction to the customers.
· Competitive Advantage:
The formula, recipe, cost, price, and quality will make the soap a superior
one to the competitor’s product.
Ans. Q. 02
Following objectives will be considered while designing the soap:
· To satisfy the customer while making a reasonable profit
· To produce quality soap as quality is typically high on the list of
priorities in the design strategy.
· Design for Operations: I will take into account the capabilities of my
company in designing quality product.

MGT603 Assignment # 2 Solution

ANALYSIS OF CASE STUDY
Here is a suggested solution of case study; however analysis of the case study is different
by different people.
Do you agree with Mr. Saleem that “such luxuries are for big companies, but not for
us”? Why or why not?
I would not agree. The implementation of new systems and procedures must be
considered from the viewpoint of the organization as a whole. Mr. Saleem has a narrow
view; he is evaluating the implementation by whether or not it will help him directly.
Large companies evolve from smaller ones and this transitional process always involves
change. Sooner or later, new ideas and concepts implemented to adapt business strategy
to a changing environment.
How should Mr. Mahmood handle the current situation?
He should include Mr. Saleem as soon as possible to the entrance of his work. It should
be Mr. Saleem believe that his ideas are very important and ultimately affect the final
decision on the application of these systems and processes.

MGT603 Assignment # 1 Solution

SOLUTION OF ASSIGNMENT:
OPPORTUNITIES:
• VU can introduce more programs/ degrees at Master and MPhil level.
• Development in IT Sector can increases the accessibility of education.
• Video Conferencing and Voice calling with Students can reduce the communication gap.
• VU can increase revenue on the bases of large enrollments of students.
• VU can start providing DSL as students are using PTCL or Wateen.
• VU can start split degree programs.
• VU can expand its network by using the public-private partnership.
• VU can target the whole professional class.
• VU can arrange workshops trainings.
THREATS:
• Political instability is the major threat for the organization.
• Electricity shortage is a great threat for VU because its system is nothing without electricity.
• Lack of communication skills of students due to distance learning gives bad image of VU in the market.
• Status of private campuses is very poor.
• Rapid Change in Technology can be a threat in the future.
• Passing ratio of VU students is very poor.
NOTE:
The above is a general solution of this assignment as the solution of students may vary with each others because of having different experience and perception. Students will be remarked on their hard work and the effort which they did while making this assignment.
Good Luck!!!

FIN630 Assignment # 2 Solution

Solution Assignment 02
FIN 630
Marks=10
What will be the relationship among coupon rate, current yield, and yield to
maturity for bonds selling at discounts from par?
Illustrate using the 8% (semiannual payment) coupon, 30-year maturity bond with
par value of Rs. 1,000 paying 60 semiannual payments of Rs 40 each assuming it is
selling at a yield to maturity of 10%.
Yield to maturity exceeds current yield, which exceeds coupon rate.
Take as an example the 8% coupon bond with a yield to maturity of 10% per year (5%
per half year). Its price is Rs. 810.71.
Po=Σ Ct/ (1+r)t + Par/(1+r)n
= Rs. 40 X Annuity factor (5%, 60) + Rs. 1,000 X PV factor (5%, 60)
= Rs. 757.17 + Rs. 53.54
= Rs. 810.71
and therefore its current yield is 80/810.71 = 0.0987 or 9.87%, which is higher than the
coupon rate but lower than the yield to maturity.

FIN630 Assignment # 1 Solution

Solution Assignment 01
FIN 630
Marks=20
In the following graph at each highlighted point of the Elliott wave theory you are
required to:
1. State the stock trend, and
2. Suggest the possible decision of the investor regarding buying, selling or
retaining of shares. (Marks=10+10)
Solution
Each highlighted point carries 2 marks
Wave 1
1. The stock makes its initial move upwards (stock trend)
2. This is usually caused by a relatively small number of people that all of the sudden
(for a variety of reasons real or imagined) feel that the price of the stock is cheap so
it’s a perfect time to buy (investor’s decision)
3. This causes the price to rise.
Wave 2
1. At this point enough people who were in the original wave consider the stock
overvalued and take profits (retention/sell) (investor’s decision)
2. This causes the stock to go down (stock trend)
3. However, the stock will not make it to its previous lows before the stock is considered
a bargain again.
Wave 3
1. This is usually the longest and strongest wave.
2. The stock has caught the attention of the mass public. More people find out about the
stock and want to buy it. (investor’s decision)
3. This causes the stock’s price to go higher and higher. (stock trend)
4. This wave usually exceeds the high created at the end of wave 1.
Wave 4
1. People take profits because the stock is considered expensive again. (retention/sell)
(investor’s decision)
2. The stock will go down (stock trend)
3. This wave tends to be weak because there are usually more people that are still
bullish on the stock and are waiting to “buy on the dips”.
Wave 5
1. This is the point that most people get on the stock, and is most driven by hysteria.
2. People start coming up with ridiculous reasons to buy the stock.(investor’s decision)
3. This is when the stock becomes the most overpriced.
4. The stock will go up (stock trend)
5. Contrarians start shorting the stock which starts the ABC pattern.

FIN623 Assignment # 2 Solution

Taxation Management (FIN623)
Assignment # 02
Solution:
Name of Taxpayer : Hamid
National Tax No : XXX
Tax year : 200A
Personal Status : Individual-Salaried
Residential Status : Resident
Computation of Taxable Income & Tax Liability
Salary Income: Rs.
Basic salary 120,000
House rent allowance (N-1) 57,000
Utilities allowance (N-2) 15,000
Conveyance allowance (N-3) 18,000 210,000
Taxable income 210,000
Computation of Tax Liability:
Tax on Rs. 210,000 @ 0.5% 1,050
Add: Tax on property income (N-4) 1,000
Total tax 2,050
Less: Tax deducted at sources from salary (1,000)
Net tax payable 1,050
Notes:
N-1 House rent allowance is totally taxable
N-2 Utilities allowance is totally taxable
N-3 Conveyance allowance is fully taxable
N-4 Income from property:
Rent chargeable to tax (Rs. 10,000 x 12) 120,000
Add: 1/10th of non-refundable deposit (500,000/10) 50,000
Total rent 170,000
Tax is computed as below:
Tax on Rs. 150,000 Nil
Tax on Rs. 20,000 @ 5% 1,000
1,000

FIN623 Assignment # 1 Solution

Semester “Spring 2010”
“Taxation Management (FIN623)”
Assignment No. 01 Marks: 20
“LEGAL STATUS”
Question:
Identify the legal status of the following persons according to the Income Tax
Ordinance 2001;
a.
b.
c.
d.
e.
f.
g.
h.
i.
j.
Virtual University of Pakistan
Bank Al-Falah Ltd.
WAPDA Town Employees Housing Society
Mr. Akhter Ali Sheikh serving as a Manager in Chenab Textile Mills.
Mrs. Batool serving as a Director in ABC Private Ltd. Company
Haji Murad Trust Eye Hospital.
Ali Ibrahim’s an unregistered firm of Mr. Ali Ahmad and Mr. Ibrahim
Butt.
Mr. Vikaas Bhalla (a Hindu), his sons and Mr. Veer and Mr. Raj
Ansaar Barni Welfare Trust
Askari Islamic Bank Ltd.
(20 Marks)
Solution:
Sr. No.
Question
Answer
1
2
3
4
5
6
7
8
9
10
Virtual University of Pakistan
Bank Al-Falah Ltd.
WAPDA Town Employees Housing Society
Mr. Akhter Ali Sheikh serving as a Manager in Chenab
Textile Mills
Mrs. Batool serving as a Director in ABC Private Ltd.
Company
Haji Murad Trust Eye Hospital
Ali Ibrahim’s an unregistered firm of Mr. Ali Ahmad
and Mr. Ibrahim Butt
Mr. Vikaas Bhalla (a Hindu), his sons and Mr. Veer and
Mr. Raj
Ansaar Barni Welfare Trust
Askari Islamic Bank Ltd.
Company
Banking Company
Company
Individual
Individual
Company
Firm
A Hindu undivided family
Company
Banking Company

FIN622 Assignment # 2 Solution

Corporate Finance “FIN622”
Assignment No.2
Solution:
A)
March
April
May
June
Forecast sales
Rs. 50000
Rs. 60000
Rs. 40000
Rs. 20000
Cash sales
12000
6000
Collections of A/c receivable
Lagged 1 Month
29400
19600
Lagged 2 Month
10500
12600
Total cash receipts
51900
38200
Less: Cash disbursements
60,000
45,000
Net cash flow
(8,100)
(6,800)
Add: Beginning cash
11,500
3400
Ending cash
3,400
(3,400)
Less: Minimum cash balance
3,000
3,000
Required finances
-----
6,400
Excess cash balance
400
-----
B)
May: We have an Excess amount of Rs. 400
June: We will require additional finance of Rs. 6,400 to meet our expenses.

FIN622 Assignment # 1 Solution

Corporate Finance “Fin622”
Assignment No.1
Solution:
Part (A)
We know that for a project with equal annual receipts:
For project A:
PPA = I0 / Ct
= 57,000 / 20,000
= 2.85 Years
For project B:
Year
Cash inflow (CFi)
Cumulative cash inflow
1
Rs. 22,000
22,000
2
20,000
42,000
3
18,000
60,000
4
16,000
76,000
The pay back would be between second and third year.
The amount of money recovered the end of second year
= 42,000 (22,000 + 20,000)
Sum of money to be recovered at the end of third year
= 54,000 – 42,000
= 12,000
PPB = 2 + 12,000
18,000
= 2.67 Years
Part (B)
NPV for project A:
NPVA = − Io +PV (CF1) + PV (CF2) + PV (CF3) + PV (CF4) + ...+ ∞
= - 57,000 + (20,000 x PVIFA14%,4years)
= -57,000 + (20,000 x 2.914)
= -57,000 + 58280
= 1280
NPV for project B:
NPVB will be calculated as shown in following table.
Year
Cash inflows(CFi)
PVIF14%,i
Present value
1
Rs. 22,000
0.877
19294
2
20,000
0.769
15380
3
18,000
0.675
12150
4
16,000
0.592
9472
Present value of all cash inflows
56296
Less: Initial investment
54,000
Net present value (NPV)
2,296
Part (C)
Summarizing the information from above calculations in following table.
Approach
A
B
Pay back period
2.85
2.67
Net present value
1,280
2,296
The Project B should be selected.
Reasons:
• The project B possess a lesser payback period as compared to Project A.
• NPV for project B is greater than Project A.

MKT501 Assignment # 2 Solution

T ENTATIVE SOLUTION OF A SSIGNMENT # 02
M KT-501 (MARKETING MANAGEMENT )
Total Marks (3x10) = 30
Assignment Question
You are working as a Marketing Manager of a soft drink production & selling
company. Your firm is going to sale one segment of their products through
“personal selling”. In your opinion, what will be its expected contribution for
customers, business firms and Society individually?
Tentative Solution
Personal selling and customers
Personal selling can contribute in this case as under:
a. Through personal selling our company can build trust with customers and can
emphasis on establishing and maintaining long term relationships.
b. Sales people can also be able to demonstrate knowledge of their products and
services, especially while comparing competitive offerings of our firm.
c. Customers always expect salesmen to be knowledgeable about every aspect of
the product so if our company will be selling through personal selling, very
specialized & trained people will be there to inform customers about full range
of benefits associated with our products.
Personal selling and Business firm
Sales people are in direct contact with business firms so they can make the value able
contribution for the organization as under:
a. If our company’s staff will be in direct contact with business firms, (like
restaurants) they we will be able to maintain very up to date sales record of our
products which can be used as future prospect.
b. We will be able to rightly judge the customers perception about our product & it
will be really easy for us to determine the mind share of our products.
c. Since firms will be in close contact with our sales staff, so if decline of demand
will occur, sales persons will be able to research & judge the reasons behind this
decline so our company will may able to resolve those on immediate basis.
Personal selling and Society
Personal selling of our products can also contribute for society in following manners:
a. Our sales division will use personal selling as tool of searching potential
customers from society, through specialized sales persons, we will provide useful
information to potential consumers who then purchase our products from lower
cost outlets
b. During personal selling, our sales staff will come in direct contact with the people
so people will be able to judge our company’s culture from appearance, attitude
& dealing of the sales staff & company’s image will become very strong in the
minds of the people.
c. Since most of the end users of soft drink products are house hold ladies, so
during personal selling our sales staff can better trained them about how to
discard the empty & useless bottles without harming the cleanliness of their
surroundings.

MKT501 Assignment # 1 Solution

TENTATIVE SOLUTION FOR ASSIGNMENT‐01
COURSE: MARKETING MANAGEMENT (MKT‐501)



Requirement

Supposed you have been hired as a Marketing manager in a Food Supplement Company. Your company is planning to introduce Packed Branded Fresh Vegetables in the market. Selected target market for your company is Lahore. Now you are required to prepare an analyses based report based on all 4 Ps before launching this new product in the market shoing suggested strategic decisions for all 4 Ps.


Based on your marketing Mix analysis, how will you fix following decisions?


Product Decisions

Pricing Decisions

Placement Decisions

Promotion Decisions


Solution

(Student answer can vary but concept should clear)


As a marketing manager I’ll take the decision of market mix as follows.


Product Decision

1) I will introduce all the seasonal and non seasonal vegetables. There will be wide variety of vegetables.

2) I will never compromise on quality. Quality assurance will be my main emphasis.

3) I will introduce the brand of my company’s vegetables.

4) Packaging of my products will be attractive, appealing and transparent; clearly mentioning the expiry date.

5) There will be different sizes as per usage of vegetables e.g. ½ kg, 1kg and so on.

6) Hopefully customer will never return our products due to good quality but in case of any damage, rotten etc. we will change our vegetables.


Pricing Decision

1) I will use the skimming pricing strategy.

2) I will give the discounts at large quantities of vegetables.

3) I will use the psychological pricing strategy.

4) After analyzing one quarter of my business, I’ll set the segmented prices for different locations of Lahore.

5) I will give the allowances to our most loyal customers.


Placement Decision

1) We will directly purchase from producer.

2) Our vegetables will be available at all big areas of Lahore.

3) Our distribution team will deliver the vegetables at all of our outlets.

4) We will use our own transport; due to on time delivery.

5) We will not emphasis on stock/inventory but purchase the fresh vegetables from producer.


Promotion Decision

1) I will use billboards in Lahore, Radio and local news papers because our target market is only one city.

2) I will make the sales promotion team.

3) I will also focus on publicity.

4) I will only emphasis first 3 months for heavy promotion; after that our brand will be its own recognition and customers will purchase due to good word of mouth.

MGT602 Assignment # 2 Solution

ENTREPRENEURSHIP (MGT602)
SEMESTER SPRING (2010)
ASSIGNMENT NO. 2
DUE DATE: JULY 01ST, 2010
TOTAL MARKS: 20
Solution of Case Study
A: It seems that Partaab Singh misappropriated and misused business resources because
of weak control or carelessness or blind trust of Mr Tanveer. Mr Tanveer could have
avoided this situation by exercising careful control over business transactions and
resources. It is rightly said that no one takes care for any ones interest in business so
according to this statement Tanveer could have assured transparency in business by being
vigilant.
B: Tanveer after the fact has two options:
1. If he wants to keep Partaab as his partner then he should ask Partaab to return
whatever loss he has caused to business by misusing the funds and warn him to be
careful and honest in future. In this case he must also be more vigilant in future.
This is not very desirable solution as in partnership after such type of issues it is
difficult to regain confidence and rebuild trust.
2. Second, which is considered more desirable, option is that Tanveer give option to
Partaab that either he buys his share or sell his share to him as in between option
seems less suitable.

MGT602 Assignment # 1 Solution

Suggested Solution of 1st Assignment of MGT602:
Answer # 1:
No this is not an entrepreneurial venture rather it is traditional business
because an entrepreneurial venture is always growth oriented.
And the entrepreneur is not a true entrepreneur rather a traditional or artisan
entrepreneur.
Answer # 2:
No I don’t agree with the philosophy and he/she is doing good for his family
in the short run but at the cost of long run benefits of his/her family. As
without the pace of time a business does not grow so its survival becomes
difficult.
Answer # 3:
Owner is avoiding following problems/challenges:
a. Investment of time
b. Risk taking (Financial, Social and Psychological) Troubles he/she
may have to face in case of loss
c. Investment of more efforts required to manage the expanding business

MGT501 Assignment # 1 Solution

Question:
Loss of intellectual property is a debatable issue faced by organizations in developing Countries. Give any ten reasons of brain drain in Pakistan .What Policies HR consultants should develop for helping the organizations to cope with the brain drain issue?
Countries are facing brain drain problem. Specialists in their respective fields are migrating from developing countries to protect their future. Usually doctors, Engineers, software developer’s .scholars, research professionals are the part of Brain drain pool. This outflow of intellectual property has spelled murkiness for the development of the countries.
There are many reasons for the brain drain in Pakistan.
• When people go abroad for higher education do not return to their resident country
• Redundancy rate is high in Pakistan.
• Wage rates are very nominal in Pakistan
• Lack of inadequate training and developmental facilities for the students and professionals.
• Discrimination in employment at every level from recruitment to selection.
• Low quality of work life in Pakistan.
• Political instability and corruption
• Weak economic position.
• Industrial decline.
• Personal influence of spouse ,family and friends
(b)
What Policies and procedures HR consultants should develop for coping with the brain drain issue?
Brain drain is additional development challenge and coherent policies are needed to cope with the issue .Human resource consultant can assist the organizations for dealing with the dilemma of brain drain.
Accommodation of workers needs
Devise policies to have room for the needs of workers with the organizational goals. People have hierarchies of needs .The Hr consultant should plan the strategies to accommodate the physiological needs to self actualization needs of workers. It will keep the People motivated and develop the organization citizenship behavior.
Development of policies for ethical recruitment.
Recruitment process is not transparent. It is compelling reason for migration of Intellectual property .Hr professionals should make translucent recruitment system So that skilled people find compatible jobs and remain satisfied in their own country.
Design the compensation system to attract the intellectual people.
Hr policy makers should design the Wage rates system which should compensates the workers according to the qualification and experience. Intrinsic and extrinsic rewards should be the part of basic pay scale system
Propose the frame work for improving quality of work life
HR consultants should Shape the frame work by which employees can enhance their Personal lives through their work environment and experiences .High quality of
Work life will create the job satisfaction among the human resource.
Draw the skeleton for development and training needs of professionals
Hr consultants should arrange donors who should provide funds for the training and developmental needs of Professional’s .So they can fulfill their needs and strengthen their knowledge. They would be more satisfied and less likely to migrate.

MGT501 Assignment # 2 Solution

A. Questionnaire for conducting job analysis.
Job analysis questionnaire
Personal data
Name of employee:
Division: ___________________
Employee ID:
Department: ___________________
Job of employee: ___________________
Telephone Number:
Immediate Supervisor's Name:
General duties of position
Minimum Education
Tick one box
F.A Bachelor's Degree
Master's Degree
Type of experience needed

2-3

4-5

WHO IS YOUR SUPERVISIOR


LIST THE REQUIRED SKILLS















Employee’s Signature: _______________
Date: _______________














B
JOB DESCRIPTION























































































C
Performance Evaluation
Satisfactory
S
1
Performance in this area meets job requirements
Good
G
2
Performance in this area meets all job requirements
Excellent
E
3
Performance in this area fully exceeds job requirements
Unsatisfactory
U
4
Performance fails to meet the minimum requirements of the job and employee deficiencies will require more attention and training

ATTRIBUTE TO BE EVALUATED
S
G
E
U
Punctuality
Quality of work
Quantity of work
Knowledge of job
Communication
Cooperation with others
Initiative and creativity
Judgment
Planning and organizing
Supervisory ability (if applicable)
Reliability and dependability
Behavior at work place


Evaluator Signature/Date: __________________________________________________
Authorized Unit Administrator Signature/Date __________________________________

MGT301 Assignemnt # 1 Solution

Q: You are the marketing manager of a company. You are going to introduce a new product in the market. You have to perform a marketing research in order to analyze the consumer demand. Explain any four methods by which you can collect the data necessary for conducting your research? Also explain the advantages associated with using these methods? (5*4 = 20 Marks)
Research Method = 1 Mark
Advantages = 4 Marks
The marketing manager can utilize various methods to collect information from its target market. Some of these methods are as follows:
1. Mail questionnaires are used to collect large amounts of information at a low cost.
Advantages:
The responses are gathered in a standardized way, so questionnaires are more objective, certainly more than interviews.
Generally it is relatively quick to collect information using a questionnaire. However in some situations they can take a long time not only to design but also to apply and analyze.
Potentially information can be collected from a large portion of a group. This potential is not often realized, as returns from questionnaires are usually low. However return rates can be dramatically improved if the questionnaire is delivered and responded to in class time.
2. Telephone interviewing is good method for collecting information quickly.
Advantages:
High speed
Saves cost
Callbacks
Can use computerized random digit dialing
Expanded geographic area coverage without increasing the cost
Use fewer but highly skilled interviewers
Reduced interviewer bias
Better access to hard-to-reach respondents through repeated callbacks
Use computer assisted telephone interviewing (CATI)
3. Personal interviewing (Individual or group interviewing).
A form of personal interviewing is "focus group interviewing". Focus-group interviewing consists of inviting six to ten people to gather for a few hours with a trained interviewer to talk about a product, service, or organization. The interviewer "focuses" the group discussion on important issues.
Advantages:
The opportunity for feedback
Probing complex questions
Length of interview
High completion rate
Visual aids
High participation rate
Observation of the non-verbal behavior
Non-literates can participate in study
Interviewer can prescreen respondent
4. Online (Internet) Research can consist of internet surveys or online focus groups. Many experts predict that online research will soon be the primary tool of marketing researchers.
Advantages:
Speed and cost effectiveness
Visual appeal and interactivity
Accurate real-time data capture
Callbacks
Personalized and flexible questioning
Respondent anonymity

CS507 Assignment # 3 Solution

Information System (CS507)
Spring 2010
Assignment No. 3
Due Date:
Your assignment must be uploaded/submitted before or on 20th May 2010.
Max Marks: 20
Uploading instructions:
Please view the Assignment Submission Process document provided to you by the Virtual University for uploading assignments.
The assignment should be in .doc format.
Save your assignment with your ID (e.g. bx020200786.doc).
The assignment submission through email is highly discouraged.
Rules for Marking:
It should be clear that your assignment will not get any credit if:
The assignment is submitted after due date.
The submitted assignment file is corrupted.
The assignment is copied.
The assignment material is directly copied from internet.
Note:
Your answer must follow the below given specifications. You will be assigned no marks if you do not follow these instructions.
Font style: "Times New Roman"
Font color: "Black"
Font size: "12"
Bold for heading only.
Font in Italic is not allowed at all.

Q. 1: How can you describe the factors which will ensure the successful implementation of SDLC? Explain at least three.

(Marks: 10)
Answer :( 3.33+3.33+3.33)


Management Support
Developers/system designers need to have the support of the management as much as possible since the management will dictate whether they need the product or not.
Technical and Business Expertise
There are regular programmers and there are really smart programmers who just know what to do even when the software’s objective is presented for the first time. These programmers know what SDLC model to use together with the languages or toolkits that need to be learn to ensure this program is a success. On the other hand, business expertise is also important in software development cycle since they will dictate the demand for particular software. Business expertise is also important in SDLC since they will determine whether the software will eventually be a factor in time and money saving.
Proper Documentation/ Deliverables for Maintenance
Granting the results of the software development is a success; it’s time to place them in all in papers. Success in building software will only be gauged once they are released to the pubic with ease. Although there will be problems, it’s up to the developers to maintain these programs until these are decommissioned. If worst comes to worst and it has to go back to the drawing board, documentation will tell the developers where they might have done it wrong.
Security
Security should be the number priority of any developers. The ability to handle information and protect them from attack will tell how professional the business is. It’s important to look for these defects before they are actually released to the public.
Q. 2: List down the pros and cons of Incremental Model? Also mention when to use the Incremental Model?
(Marks: 10)
Answer :( 3.33+3.33+3.33)

Incremental Model Pros
Working functionality is produced earlier – computation of value to cost ratio
Reduces risks of change in user requirements
Provides clients flexibility in decision making.
Risk management is incremental
Smaller scope for change in user requirements
Develop high-risk or major functions first
Each release delivers an operational product
Customer can respond to each build
Lowers initial delivery cost
Initial product delivery is faster
Customers get important functionality early
Risk of changing requirements is reduced
Incremental Model Cons
Larger picture cannot be seen until the entire system is built
Difficult to break down the total system at early stage of product development to determine reasonable increments
Requires good planning and design
Total cost of the complete system is not lower
When to use the Incremental Model
Need to reduces risks of change in user requirements and reduce program complexity.
Provides clients flexibility in decision making
A need to get basic functionality to the market early
On projects which have lengthy development schedules

CS507 Assignment # 2 Solution

Information System (CS507)
Spring 2010
Assignment No. 2
Due Date:
Your assignment must be uploaded/submitted before or on 08th May 2010.
Max Marks: 20
Uploading instructions:
Please view the Assignment Submission Process document provided to you by the Virtual University for uploading assignments.
The assignment should be in .doc format.
Save your assignment with your ID (e.g. bx020200786.doc).
The assignment submission through email is highly discouraged.
Rules for Marking:
It should be clear that your assignment will not get any credit if:
The assignment is submitted after due date.
The submitted assignment file is corrupted.
The assignment is copied.
The assignment material is directly copied from internet.
Note:
Your answer must follow the below given specifications. You will be assigned no marks if you do not follow these instructions.
Font style: "Times New Roman"
Font color: "Black"
Font size: "12"
Bold for heading only.
Font in Italic is not allowed at all.
No formatting or bullets are allowed to use.


Q. 1: What is the role of CRM in challenging economy?
(Marks: 10)


Answer:
CRM in challenging economy?
In today’s economy organizations can’t rely on brute strength t s and tools. CRM is a technology that allows organizations to track and leverage every customer o maximizes the value of their customer relationships; rather, they need enabling technology interaction to maximize revenue opportunities and improve customer loyalty.
But CRM does much more than just track customer interactions. It also helps organizations optimize their operations by automating routine tasks and standardizing best practices. Ultimately, CRM allows organizations to better acquire, manage, serve, and extract value from their customers while improving operational efficiency something that is critical in today’s economy.
While there are surely many approaches being espoused in the market today, we believe there are five main strategies that companies can employ to survive and thrive during uncertain economic conditions:
1. Focus on existing customers
2. Maximize revenue opportunities
3. Do more with less
4. Reduce operational costs
5. Optimize existing IT assets

Q. 2 Why Many CRM initiatives, however, fail to deliver the expected benefits?
Marks (10)
Answer:
Many CRM initiatives, however, fail to deliver the expected benefits. This is largely due to the same set of issues:
Customer privacy is an important issue in CRM. CRM deals with large amounts of customer data through various touch points and communication channels. The individual firm is thus caught in an ethical dilemma – collecting as much information as possible but still respecting limits for personal privacy. . Poor quality customer data and information. CRM being primarily about information it is vital that this aspect is considered before the initiative commences.
Software issues: There are little standardized technologies and protocols for CRM implementation in the market. Vendors publish new versions of CRM software as frequently as they can thus adding to client’s expenses. CRM software requires highly integrated environment for high productivity, which is rarely available.
Business support was lacking - poor buy-in from the business was obtained or no buy-in from the business was sought. This resulted in little ownership within the business and therefore failed implementation or poor usage.
The planning had insufficient detail or depth - introducing CRM into an organization is a major initiative and if it is not planned adequately then it will fail. Usually the scale and nature of the operational change (as opposed to the systems change) was underestimated. It is easy to install a system. It is much harder to change people's work practices.
It was poorly implemented - which usually means that staff were not trained adequately and neither were the right changes put in place to introduce a new culture
The Executive had little customer/CRM understanding or involvement. Too often it was seen as a tactical issue and therefore insufficiently senior sponsorship is sought

CS507 Assignment # 1 Solution

Information System (CS507)
Spring 2010
Assignment No. 1
Due Date:
Your assignment must be uploaded/submitted before or on 27th April 2010.
Max Marks: 20
Uploading instructions:
Please view the Assignment Submission Process document provided to you by the Virtual University for uploading assignments.
The assignment should be in .doc format.
Save your assignment with your ID (e.g. bx020200786.doc).
The assignment submission through email is highly discouraged.
Rules for Marking:
It should be clear that your assignment will not get any credit if:
The assignment is submitted after due date.
The submitted assignment file is corrupted.
The assignment is copied.
The assignment material is directly copied from internet.
Note:
Your answer must follow the below given specifications. You will be assigned no marks if you do not follow these instructions.
Font style: "Times New Roman"
Font color: "Black"
Font size: "12"
Bold for heading only.
Font in Italic is not allowed at all.

Q. 1: How can you describe information in its ideal form? Moreover how ideal information would help us regarding decision making in our routine activities?
(Marks: 10) Answer:
Ideal Information:
Information is said to be in its ideal form if it is:
1- Periodically/ continuously updated:
The information should be updated from time to time so that whenever accessed, the user should get the most recent information and be fully informed.
2- Efficient Processing:
Data should not be kept unprocessed for a long period of time; rather it should be processed at regular intervals which help in effective decision making.
3- Value driven:
The information gathered from a certain environment in our computerized systems should add value to the user’s knowledge.
4- Audience Centered:
The information to be in its ideal form should exhibit the characteristic of being audience centered, so that everyone receives his relevant part of information out of the aggregate.
Ideal information and decision making:
In the absence of an accurate, reliable and well-timed information people and organizations will be unable to make decisions effectively; they will be unable to help or persuade others to make better decisions and no one will be able to ascertain whether the decisions made by particular individuals or organizations were the best ones that could have been made at that time.
Therefore information in its ideal form (being accurate and reliable) is vital for the effective decision making in almost every aspect of business whether it is undertaken by individuals, community organizations or governments. It is an essential component of any effort to persuade businesses to make better and optimal decisions from the ones which they might have made in the absence of such information.

Q. 2: Identify and explain different decision making approaches.
(Marks: 10)
Answer:
Following are the different decision making approaches:
a. Structured
b. Unstructured and
c. Semi structured

Structured decision making approach:
Structured decision making is a general term for carefully organized analysis of problems in order to reach decisions which are focused clearly on achieving fundamental objectives.
In structured decision making, procedures are predefined for solving routine repetitive problems. These decisions are made under the established situations and are preplanned which is possible only when we have fully understood the situation.


Unstructured decision making approach:

We use to make unstructured decisions when the situation is complex and no standard solutions exist for resolving the situation; when some or all of the structural elements of the decision situation are undefined, ill-defined or unknown. For example:
Goals may be poorly defined, alternatives may be incomplete or non-comparable, choice criteria may be hard to measure or difficult to link to goals.
The unstructured decisions are basically the non-programmed decisions which are happening for the first time and therefore require individual judgment, evaluation and insight varying on case-to-case basis. That’s why such types of decisions are creative and are not preplanned.

Semi-structured decision making approach:
We follow semi-structured decision making approach where some aspects of the problem are structured and others are unstructured.
Such decisions lie in the middle of structured and unstructured approaches and this is where most of our true decision support systems are focused on. Decisions of this type are characterized of having some agreement on the data, process, and evaluation to be used but are also typified by efforts to retain some level of human judgment in the decision making process.

Saturday, August 21, 2010

STA630 GDB Solution

“Why True experimental design is considered to be more effective than Quasi experimental design?”

A true experimental design is considered to be more effective than quasi experimental design because true experimental design have atleast two groups, both groups record information before and after the treatment while experimental group is exposed to treatments.
On the other hand quasi experimental design works on a single group. Another major point of differentiation is the random assignments of subjects.

MGT301 GDB Solution

“If you are working as a marketing manager in a multinational mobile manufacturing company and your company wants to introduce a new brand of mobile. What factors you will consider while setting your pricing strategy? Discuss any three factors which may affect your price-decision?”
GDB) Multinational Mobile Company being a marketing manager the factor which I think for pricing will be cost, competition and organizational considerations. (1) COST: Cost has to be calculated backwards from the target price which the consumer is ready to pay for the proposed mobile. Cost is a consideration when the product has to be priced to achieve the required target so, we cannot put the target price which cannot cover the cost at minimum. (2) Competition: In lot of mobile companies around the world are posting a threat. Competitors are providing lot of packages with mobile purchasing. So, to survive one has to be competitive both in pricing as well as in product offered. (3) Organizational considerations: Due to competition of mobile companies every company is going to negotiate about special packages that can be offered. Now days, mobile companies are offering mobile with free mobile connection by making liaison with mobile connection providers.

MGT501 Final Term Paper 2010

01 paperQuestion1:what are the tactics of Supply Chain Management in their role? 5 marksQuestion2:what are the difference in marketing or sales? 5 MarksQuestion3:What are the advantages and disadvantages of Observational Research? 5 Marks02 paper1. What is the difference in the qualitative and quantitative research?2. What is the scope of quantitative research?3. What do you think that what you have negotiation skills? What are the benefits of negotiation?4. What are Inbound and outbound activities of retailers?

MGT503 Final Term Paper 2010

Q 49 how would you differentiate b/w interpersonel communication and organization communicationQ 50 Transactional leadership is a rational style of leading.In which situation this style is most prefeable?Q 51 how can manager of boundry less organization reduce barriers within the organization?Q 52 Output/input Ration outcomes self /input self = outcomes others /input othersDiscus this theorythat comes to ur mind from this equation?Q 53 Information technology has made is easier to convey message within no time. Do u agree with statement. justify ur answer?

MGT503 Final Term Paper 2010

90 mintTotal 53 Q48 MCQ'sExplain "Zero loop" learning in terms of leaders and managers (3 marks)Describe the phenomenon in which individual ***** members reduce their efforts and contributions as the ***** size increase (3 marks)How perceptions of equity are developed in equity theory ? Describe (3 marks)In reporting relationship perspective what are the two types of organization structure ? (5 marks)Effective interpersonal communication is very important for organization but there are some certain barriers. In your opinion what are the possible ways to overcome these barriers ? (5 marks)

MGT301 Final Term Paper 2010

My MGT301 paperTotal Question was 5348 MCQS n 5 Long questionsWhy product Decline? Explain answer with reason, at least 3 reasons. (marks 3)Who is intermediary? Explain the role of marketing intermediary. (marks 3)What are the major benefits of Direct marketing? (marks 5)Describe different stages of new product development. Name these. (Marks 5)Two particular benefits of wholesaler one for supplier and one for Retailer. Explain the benefits of Supplier and Retailer. (Marks 5)

MGT301 Final Term Paper 2010

total question= 53TOTAL DURATION 90 MINUTES48, mcqs2, short question 3 marks each 3, long question 5 marks each short question:3*21. What is consumer black box and how many thier parts?2. Why society oppose marketing programeslong question : 5*31.publicity is more power full as compare to advertising or sales promotion even public relation.2. advantages and disadvantages of personal selling3. public relationship management.Last edited by gull*** on 07 Aug 2010, 9:40 am, edited 1 time in total.

MGT101 Final Term Paper 2010

THERE WERE TOTAL 53 QUESTIONSTIME ALLOWED 90 MINTSPATTERN OF PAPER HAS BEEN CHANGED ALL THE PRACTICAL QUESTIONS HAS NOT BEEN INCLUDED IN PAPER .THERE WERE 48 MCQS OF 1 NUMBER2 QUESTIONS OF 3 MARKS2 QUESTIONS OF 5 MARKS.3 MARKS QUESTIONS WERE FIND OUT SHARE PREMIUMSHARE PREMIUM IS USED FOR WHAT PURPOSE?WHAT ARE SELLING EXPENSES GIVE 3 EXAMPLES5 MARKS QUESTION. WHAT IS INVESTING ACTIVITY IN CASH FLOW AND EXPLAIN WITH EXAMPLES.

CS101 Final Term Paper 2010

Total time : 90 mints Total mcqs :26 Long questions : 1-what are the responsibilities and profile of project manager? Marks:5 2- list any 5 issues of data management? Marks :53- what is the advantages of using functions for event handling? Where we define function and how we call it ? marks :54-what is the preferred organization structure for the organization? Marks :35-what are the steps of working of TCP and IP protocols in internet transmission? Marks:36-write java script code to convert the number 236.23611111556 into currency formate and javascript statement to show outputs ? marks :37-why we need arrays in javascript? Marks :28-javascript is and object based language explain the statement briefly? Marks 29-define good programming methodology? Marks:210- write names of DOS attack’phases? Marks :2

CS101 Final Term Paper 2010

all subjective Questions ..... MCQ's note krny ka time e nai mila,,,,,,,,,, 1. What is a function. Give one example ?2. What is an intelligent system ?3. Define the semantic web with respect to the present web ?4. What is difference between adn ?5. What is preffered organizational structure for the organization ?6. Write a JavaScript code to convert the number 236.236322222556 into currency formate and JavaScript statement to show the output ?7. Defferentiate local and global variables ?8. Define the function and write at least 3 advanteges of functions ?9. What will be the output of the following statements ?1. document.write(10 + 7);2. document.write("100" + "5.3");3. document.write("3.75" + 7);4. document.write("True" + false);5. document.write("false %2");10. Write a short note on 1. Testing 2. Debuging

CS101 Final Term Paper 2010

TOTAL MCQS WERE 3626 MCQS OF 1 MARKS AND REMAINING QUESTIONS ARE FOLLOWINGBriefly describe the guideline for layout of presentation (5 marks)Discuss any two situations which shows non-ethical behavior (5marks)list any five issues of data management (5marks)What are Logics- Or Time Bombing (3 marks)Briefly mention any 3 problems in old Mods of Presentation ( 3 marks)Explain how many ways business monitor employee ( 3 marks)Why we need Array In Java (2 marks)Which language is case sensitive in htlm or javascript give any example (2 makrs)What is intelligent System (2 marks)

MTH302 Final Term Paper 2010

Question no 1:Write down two application of linear program. 2 marks.Question no 2:What are the disadvantages for so large and so smaller values of smoothing constantsIn forecasting analysis? 2 marks..Question no 3:What will be y intercept ‘b’ in the regression line y=ax+b , I f y=9, x=3 and a=2Marks..2Question no 4:What is the purpose of regression analysis? 3 marksQuestion no 5:Find proportion of bags which have weight in excess of bags 505g.Mean=500Stdev=2.5(For z=2.00 probability is 0.4772)Question no 6:Calculate the total no of permutatiations of 6 objects taken at 3 times? 3 marksQuestion no 7:Find the variances of following6,7,10,11,11,13,16,18,25 5 marks…Question no 8:Suppose a password consist of characters, the first 2 being the letter in English alphabet and the last 2 being digits. find the number n of:(A) password(b) Password beginning with vowel.