Mgt603 Idea Solution

A)You are required to develop a Mission Statement for your company

that must include the following nine components:

Following Mission Statement of Khaalis Food limited company is contain nine

elements

Khaalis food mission is to make, distribute and sell the finest quality all natural ice cream

and related products in a wide variety of innovative flavors made from Vermont dairy

products. To operate the company on a sound financial basis of profitable growth,

increasing value for our shareholders, and creating career opportunities and financial

rewards for our employees. To operate the Company in a way that actively recognizes the

central role that business plays in the structure of society by initiating innovative ways

that actively recognizes the central role that business plays in the structure of society by

initiating innovative ways to improve the quality of life of a broad community local,

national and international.

B) Explain whether the Mission Statement supports ‘Customer Orientation’ or not.

Give reasons to justify your answer?

In my point of view Mission statement supports customer orientation.

Now business are not run for the sake of money and short term financial benefits

only but for a long time sustainable growth and development. Now the only focus of all

business missions is CUSTOMER and Customer Satisfaction

.

It is the customer who determines what a business is. It is the customer alone

whose willingness to pay for a good or service converts economic resources into wealth

and things into goods.

A good mission statement reflects the anticipations of customers. Rather than

developing a product and then trying to find a market, the operating philosophy of

organization should be to identify customer’s need and then provide a product or service

to fulfill those needs.

Explain whether the Mission Statement supports ‘Customer Orientation’ or not. Give

reasons to justify your answer.

In my point of view Mission statement supports customer orientation.

A good mission statement reflects the anticipations of customers. Rather than developing

a product and then trying to find a market, the operating philosophy of organization

should be to identify customer’s need and then provide a product or service to fulfill

those needs.

MGT613 GDB 01 Idea Solution

Formula: Ft=Ft – 1 + a (At – 1 – Ft – 1)

Ft= Forecast value for the coming time period

Ft – 1= Forecast value in 1 past time period.

At – 1 = Actual occurrence in the 1 past time period

Week	Demand	0.1	Calculations
1	860	860	=860 + .10 (0) =860
2	730	860	=860 + .10 (860-860) =860 + .10 (0) =860
3	690	847	=860 + .10 (730-860) =860 + .10 (-130) =860 -13 =847
4	610	831.3	=847 + .10 (690-847) =847 + .10 (-157) =847 -15.7 =831.3
5		809.17	=831.3+ .10 (610-831.3) =831.3+ .10 (-221.3) =831.3 – 22.13 =809.17

ECO403 Assignment 2 Idea solution

A):
Let an economy is characterized by the following equations:
C = 400 + 0.8(Y-T)
G = 300
T = 250
I = 200
CALCULATE the equilibrium level of output.
Answer aY=C+I+G
Y=400+0.8(y-T)+200+300
Y=400+0.8(?-250)+200+300
Y=400+200+300=900
(0.8y=?-T)=900
Y=900={(0.8y-250)}
Solving y=?
Y=(1-0.8=0.2)=900
Y=900/0.2=4500
Deduct tax=250
(Y-T)
Y=(4500-250)
Y=4250
Use the above figure to describe the short-run effects of an increase in taxes on
national income, the interest rate, the price level, consumption and investment.
Note: describe theoretically. Diagram is NOT required


Answer bInterest rate=
Interest rate will be increase


Price level=
Price level will be increase.
Consumption=
Consumption decrease due to increase in tax no one can be saving
Investment =
Investment will increase

MGT211 Assignment 2 Idea solution

mgt611 GDB Idea solution

Scenario…………

There is a company named; JJ & Co registered under company’s ordinance 1984. Its memorandum of association asserts absolute compliance with all the clauses & sections of company’s ordinance 1984. In some instances; for the sake of profitability and smooth functioning of company’s affaires; Management takes decisions totally by passing the memorandum of association.



Question No. 1

Can it be concluded that company is legal?

Question No. 2

Can court of law wind up the business of JJ & company?




A company can alter its memorandum

1-To carry on its business more economically or more efficiently or

2- to attain its main perpose by new or improved means; or

3- to enlarge or change the local area of its operations;

4-to carry on some business,not being a business specified in its memorandum

5-to sale or dispose or the whole or any part of the undertaking of the company

So according to these allowed alteration scheme described above which is part of company’s ordinance 1984 if management of company named JJ&CO takes decisions remaining in the limits of these features. Than

Qno1

Solution: So according to these allowed alteration scheme described above which is part of company’s ordinance 1984 if management of company named JJ&CO takes decisions remaining in the limits of these features.

Conclusion :

yes it is legal

Qno2

Solution: No court of Law will never wind up the business of JJ & Company’s

But if company takes some illegal way to make profit crossing the limits described above than court of law will take serious steps to give punishment like fine or suspending of thoses employees or top managers who ll b involved in this.
Solution # 2 :-

Type of Conflict:-
In this situation competitive conflict (win-lose) will arise as staff demands more bonuses after they claim increase in the sales and management is not prepared to announce more bonuses.
Afteraffects:
A competitive process will most likely have the following effects on the parties:
Communication is obstructed as the conflicting parties try to gain advantage by misleading each other through false promises and misinformation. Communication is ultimately reduced as the parties realize they cannot trust one another's communications as honest and informative.

"Obstructiveness and lack of helpfulness lead to mutual negative attitudes and suspicion of one another's intentions. One's perceptions of the other tend to focus on the person's negative qualities and ignore the positives."
The parties are unable to effectively divide their work and end up duplicating efforts. When they do divide it, they continuously feel the need to check each other's work.

Ongoing disagreement and critical rejection of ideas reduces participants' self-confidence as well as confidence in the other parties.

The conflicting parties seek to increase their own power and therefore see any increase in the other side's power as a threat.

The competitive process fosters the notion that the solution of the conflict can only be imposed by one side on the other. This orientation also encourages the use of coercive tactics such as psychological or physical threats and/or violence. This process tends to expand the range of contested issues and turns the conflict into a power struggle, with each side seeking to win outright. This sort of escalation raises the motivational significance of the conflict for the participants and makes them more likely to accept a mutual disaster rather than a partial defeat or compromise.