Mgt501 Assignment No. 2 solution

“Human Resource Management (MGT501)”

Assignment No. 2 Marks: 15

“Career Management”

Career management is no doubt a process that continues throughout your professional life. It helps you in planning the career in a rational and tactical way to avoid any professional mistake that may waste your time, efforts and money. You might have planned you career keeping in mind your education, skills and personal interest. Applying the techniques of Career management, you are required to choose a career for yourself and design a comprehensive career path.

Please note this is an exclusive question therefore the chance of similar answers is rare. This assignment will help you in making your career plan so serious efforts are required as this is for your self learning.

Important Tips

1. This Assignment can be best attempted from the knowledge acquired after watching video lecture no. 23 to lecture no 25 and reading handouts as well as recommended text book).

Schedule

Opening Date and Time

May 27 , 2011 At 12:01 A.M. (Mid-Night)

Due Date and Time

June 02 , 2011 At 11:59 P.M. (Mid-Night)

Note: Only in the case of Assignment, 24 Hrs extra / grace period after the above mentioned due date is usually available to overcome uploading difficulties which may be faced by the students on last date. This extra time should only be used to meet the emergencies and above mentioned due dates should always be treated as final to avoid any inconvenience.


Solution:


Idea

1) Keep in mind your strengths.

2) Weaknesses

3) Opportunities.

4) Threats.

And also assess the kind of job what you want to do.
Also keep eyes on your pocket.
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steps involved in career planning
1) Assess Your Strengths:
Make a list of your strongest skills and abilities. Ask your friends and family members for input. Remember, there are many kinds of intelligence. Are you good with words? Are you skillful at building or fixing things? Is math or music a strength for you? Maybe you have an artistic gift, or you have a natural ability to help people.

2) Gather Career Data:
A very valuable resource is the Occupational Outlook Handbook (OOH), developed by the U.S.Department of Labor. The OOH describes over 250 jobs, along with their earnings, training and skill requirements, working conditions, schedules, advancement opportunities, and projected growth.

3) Tap Into Your Network:
We usually don't know much about the day-to-day realities of most occupations. Yet this is exactly the kind of information you'll need to find a good career fit. Ask relatives, neighbors, or anyone you know about the details of their jobs.

Consider scheduling an "informational interview" with a professional in your field of interest. Ask whether the job involves working mostly with other people or alone. What education or training is required? Is the work done independently or under close supervision? What kind of paperwork is involved? How much of the job is indoors versus outside? Is it repetitive, or does it involve varied duties? Is this a "desk job," or is more physical activity involved? Discuss wages, advancement opportunities, and the best and worst parts of the job.

4) Research Your Labor Market:
Sometimes students will earn a degree, only to discover their community is already saturated with qualified workers in their field. For example, if you're thinking of training as a medical assistant, call the school to find out where graduates are placed. Ask local hospitals, clinics and nursing facilities how many medical assistants they employ, their turnover rate, openings anticipated within the next year, and any expected growth or decline.

5) Take Career Tests:
Your school, colleges and private companies offer career guidance testing. Aptitude, interest and personality style tests help you discover which careers would be satisfying for you.

6) Job Shadow or Volunteer:
Get first-hand knowledge by seeing the job in action. Through "job shadowing," you can spend a day observing someone working in a job you're interested in. Or gain actual work experience through volunteering. Schools, churches, hospitals and many national service organizations like the United Way can always use volunteers. Volunteering looks good on your resume, gives you references, and is often a springboard to a paying job.

I will simply follow the aforementioned steps to become a good HR practitioner.


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My education, skills and personal interest is any industrial and non industrial account department. Because my personal interest in account field then I choose it and get admission in this department. For improved yourself I am used these techniques.

Company Material:
Some firms provide material to their workers in career planning and development.

Workshops:
Some firms are conduct workshops two of three days. The main theme is the career development of the company workers.

Planning with educated persons:
This a formal discussion way in which top management is decided what type of planning and development activates is useful.

Software packages:
Some software package is used career planning and development.

Career planning web site:
Visit some career planning web sites that provide information about career planning and counseling.

For career planning I am used this career path.

Lateral skill path:
When we join a firm then I am not an experienced person. For passage of time I will gain experienced in my field. In lateral skill path is a career path in which viewed as moving upward to higher levels of management in the organization. Because I am not like that an individual is work on a same job throughout life. So the lateral moves within the firm are take an individual to become revitalized and find new challenges.

IT430 Assignment No. 3 solution

Please note that Assignment No. 3 of IT430 has been uploaded. The due date to submit solutions is 06-06-2011 (06-June-2011). All the instructions for solving assignment are there in assignment file. Please make sure, you read the instructions before attempting assignment and upload solutions before due date.

Assignment Question:

Question# 1 (5)

a) In minting stage of E-cash payment system, what mechanism is used to make the serial number (generated by client’s cyber wallet) blind? (2)

b) Assume that you want to buy a low cost item like shoes, wallet etc, what payment system do you suggest for this transaction and why? (3)

Question# 2 (5)

Suppose you want to buy an apple iphone from an online shopping site through E-cash payment system. What steps would be followed to make this transaction?

Solution:

solution Question 1
a) At this stage the bank knows as to who amongst its different account holders or clients is requesting for the bank’s signatures on the serial no., but it does not know the serial no. it is signing due to the blinding factor “r”.

b) Here in Pakistan, people are not use to of plastic money, specially the small vendors. if i am buying a low cost product than i will pay through cash to avoid long procedure of bank.

This purchase will take the following steps.........

E-Cash & the Web

Merchant Software
Merchant Client Software
Wallet Client
Wallet Web
Browser
Web Server
wallet Starts
1.Select Order
2. Merchant
3. Payment Request (Order)
4. Payment (coins, order)
5. Deposit coins
6. Accepted
7. Receipt
8.Send goods
9.Goods/Acknowledgement

Mgt211 Assignment No. 2 solution

Suppose you want to start a business of ready-made garments by opening a factory in Faisalabad. Your product will be T-Shirts. There are already three garments manufacturing companies (having the same product) in that area. These companies are doing their business with big foreign buyers like Nike, Puma, D& G, JC Penny, Brands& Fashions, Sports Essentials, and Marks & Spencer etc.

1) How you will differentiate your product from your competitors? (5 Marks)

Answer: First step that should be taken is to make the customer aware of the type or quality of T-shirts which fulfill customer requirements and then to settle up to reasonable prices to differentiate product from competitors (your shirts from other T-shirts in market) by gaining competitive advantage.

2) What pricing strategy you will adopt to grab the market share from your competitors? (5 Marks)

Answer: In the market place, to grab the market share from competitors we can set lower prices or adopt psychological strategy to have a psychological price impact of T-shirts on customers which will attract more customers so if the per unit price of T-shirt is Rs.85 then we can change figures up to level 84.95 or 85.99 rupees.

3) Which channel of distribution you will adopt to deliver your product to foreign customers? (5 Marks)

Answer: The channel adopted would be considered as product distribution or place channel with the ease to supply our T-shirts to the end customers while the direct or indirect channels used in process to deliver T-shirts accordance to requirements of our foreign customers at right time.

What will be your promotion method to attract the foreign customers toward your products? (5 Marks

Answer: The methodology adopted to attract the foreign customers towards our T-shirts is to use latest technology, enhance brand image a thirst to innovation, budget line while keeping in mind about the legal issues arising are allowed to promote our T-shirts or not and considering target audience to which business want to reach.

MGT201 GDB Solution

Answers

The expected Rate of Return = 39.7% ?

The standard deviation of the returns=23.5989 %

The coefficient of variation of the returns =0.5944

Comment about the riskiness of the new investment = New project with CV=0.5 is less riskier than the CV =0.5944, so new investment should be preferred





Solution:

a) Expected rate of return

Expected ROR = < r > = pi ri

= p1 (r1) + p2 (r2) + p3 (r3) + p4(r4) + p5(r5)

= 0.010 ( -10%) + 0.450 ( 20%) + 0.320 ( 45%) + 0.140(60%) + 0.080 (100%)

= - 0.1% + 9% + 14.4% + 8.4% + 8 %

= 39.7%

b) The standard deviation of the returns

Risk = Std Dev = ( r i - < r i > )2 p i

= Std Dev = δ = √ Σ (r i - < r i >)2 p i.

= √{[(-10-39.7)2 (0.010)] + [(20-39.7)2 (0.0.450)] + [(45-39.7)2 (0.320)] + [(60-39.7)2(0.140) + [(100-39.7)2(.080) }

=√ (24.7009 + 174.6405 + 8.9888 + 57.6926 + 290.8872)

= √ (556.91)

=√557

Standard Deviation, δ = 23.5989

c) Coefficient of variation , CV = Standard Deviation = 23.5989 / 39.7

Expected Return

= 0.5944

d) Coefficient of Variation tells us about the Risk per unit Return. The project which offers lowest per unit risk is the best investment. 0.5944 > 0.5. The new investment offer the CV of 0.50 which is lower than calculated CV in part (iii) is 0.5944. Choose the Project with the Lowest CV i-e CV=0.5. As it carries the lowest Risk per unit Return than 0.5944

MGMT628/HRM628 GDB 2 Idea Solution

LEADING AND MANAGING CHANGE

Introduction:
“Lay-off” is one of the most intricate ways an organization deals with financial, political and/or structural changes. The management has to face resistance, low quality work, concerned employees, rumors, employee dissatisfaction and, the most serious of all, loss of skilled workers. Following are some statements of troubled employees that management generally comes across:
1. “Top management thinks they can run the company alone. We keep asking them the reason of laying-off such talented people, who were once considered the threshold of the organization. All they provide us is with diplomatic and politically correct statements. Some people are saying they want to kick us out and hire their own family and friends, others are saying the company is closing down. We don’t understand the reason and we don’t know what will happen in the future.”
2. “We should have at least been consulted. We have given a large part of our lives to this company and we deserve to be a part of every decision that involves us and our future. The company’s values have been high-level employee participation and time and again our management has also empowered us to make decisions; they should have at least kept that spirit alive.”
3. “My manager never listened to me in the first place. I came to her office one day to confront her on the decision and she gave me 100 reasons why I was wrong and she was right. We are dedicated and experienced people and we know this business more than our management. The least they can do is listen to us and respect our opinion.” Address

Question:
Consider yourself an OD Practitioner and analyze these three statements depicting resistance to change. Identify which strategy you would use to deal with each situation.

Ans:
For 1st situation strategy is Communication
For 2nd situation strategy is Participation and Involvement
For 3rd situation strategy is Empathy and Support