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HRM624 Assignment No. 1 Solution

Monday, January 24, 2011 Posted In Edit This
Conflict Management (HRM624)
Assignment No. 1 Marks: 10

Knowledge Sharing
(Case Study)

Knowledge sharing is the blessing for any organization but specifically for research and academic institutions, where concepts, theories and knowledge generation are the best sources of Human Resource Development. Here is a case of an organization in which a very constructive and productive activity is converted into a useless and downbeat activity. All employees of this organization have started an activity of daily presentations and magazine.

The main objective of this activity is to improve the communication and presentation skill of an individual. But they have observed that the By-Product (Knowledge Sharing) of this activity becomes more fruitful and more dominating as compared to the main objective of this activity.

Now people are more concerned in attending the presentation and this builds a responsibility on presenter to make presentation more fruitful and better than before. This situation is ideal for presenter, people who are attending the presentation as well for the organization During this time, some of the culprits among employees try to deceive the management by writing their names on presentation attendance sheet but actually they left office for the entire period of session. This creates trouble and management takes a decision that nobody is allowed to get entrance in the presentation without prior intimation. For that purpose, different groups are made by the management and this division is random, without any logic and irrational. Also people are not allowed to attend any presentation of other group. Complicated procedure of intimation, emails, perplexity among supervisor, creates a chaotic situation. As a result, in the presentation of very able and senior most people, only five people were there. 

All know the fact that, before the implementation of this new policy, presentation room used to jam-pack. It is very sad situation for so many people who are supporting this new idea of presentation. But some of the advisors of higher management do not want this activity to run smoothly because they don’t have the capability to participate. Now at this stage two pools are formed, one is supporting the old practice of knowledge sharing with “open doors” (comprises of more than 96% of the total work force) and second group, which is very small group of people (4% of the total work force) is in the favor of this new practice. Note that there are some people who are in favor of old practice of “open doors” but they have no courage to express their feelings. But after informal interviews and group discussions, they show their consent of being a part of larger group.

With the passage of time, majority get frustrated and they start feeling so many related which are not highlighted ever before. Like one of the employee highlighted the discrimination while selecting the best presenter. Also people start criticizing the criteria and its transparency. Some of the employees have reservation on the participation and topic selection. Some are saying that few people are manipulating whole situation in their favor and get benefited. Some are raising the issue of EEO (Equal Employee Opportunity). So there are lots of other issues raised (which did not exist ever before) after this new policy. One can say that this is the retaliation and in the response of this “Close Door” phenomena.

When people were asked about the solution of this issue, majority suggest that those culprits should be highlighted and punished rather to make new policy which is not acceptable for the majority of the people. They said that punishing whole organization due to malicious activity of few people is not fair. This creates a mind set that all employees are deceptive and they are being punished. But that’s not the intention of the higher management.

Question:
Consider yourself as the higher management of the organization, what will you do to resolve this conflict? Either to continue this practice of “Close Door” policy or go with the majority who is in the favor of “Open Door” policy. Give solid reasons to support your answer.

Note: Try to write your choice clearly (in bold) at the top and then write reasons in the bulleted form. Please note that your choice and supporting points should be rational and brief. Unnecessary details will result in marks deduction.


Schedule
Opening Date and Time January, 24, 2011 At 12:01 A.M. (Mid-Night)
Due Date and Time January, 28, 2011 At 11:59 P.M. (Mid-Night)
.............
Solution:

Consider yourself as the higher management of the organization, what will you do to resolve this conflict? Either to continue this practice of “Close Door” policy or go with the majority who is in the favor of “Open Door” policy. Give solid reasons to support your answer.

I am in the favor of open door policy.

Reasons are as follow
· In open door policy, employees have direct access to the senior executives
without going through several gatekeepers.

· In open door policy, presentation room used to jam-pack. But in close door, few peoples are attending the presentation, and employees have so many complain after that.

· Because of the close door policy, a very constructive and productive activity is
converted into a useless and downbeat activity.

· In open door policy every manager's door is open to every employee. Open door policy encourages open communication, feedback, and discussion about any matter of importance to an employee.

· This productive activity should not be restricted with close door activity because of few culprits, who deceive managers by not attending presentations.

· When a company has an open door policy, employees are free to talk with any manager at any time.

· Open door policy helps to develop employee’s trust.

· Open door policy is the best method to immediately solve the problems of the employees.

· As in the higher management of the organization, I have to think about my employee’s suggestion as most of them supported open door policy.
....................
One more Idea solution

Open-door policy
An open-door policy (as related to the business and corporate world) is a policy in which a manager, CEO, president or supervisor leaves their office door "open" in order to encourage communication with the lower employees of that company. As the term implies, employees are encouraged to stop by whenever they feel the need to speak. Such a practice is viewed as a morale booster by letting employees feel as if they're able to openly speak with their boss about numerous issues face-to-face, rather than by other means, such as e-mail or voice mail.

Close Door Policy
Time is money, and hence when you have time you want to make use of most of it as much as possible. The amounts of hours we have in a day are very limited, so those who want to achieve something in life will treat time as such, PRECIOUS. But sometimes, unforeseen occurrences happen to interrupt our activities of the day.

Even so, there are other incidences we can avoid. For example, one of your valued customers may just decide to pop in to simply say hello or a long lost friend may have arrived in town and then decides to pass by your office during working hours. While at it, some of these kinds of unexpected visitors, might have long stories of what they have been up to of late hence disrupting your schedule.

The big question is how do you avoid this and still not risk losing a valued customer or appear to be rude to a friend. The secret is to draw a line from the start by applying the closed door policy especially when you do not want disruptions. Alert the secretary or colleagues whenever you want to avoid interruptions. You can decide not to pick phone calls or attend to any visitor. During this time ask the receptionist or colleague to take down your messages, marking the urgent ones.

Note that five minutes of disruption can affect a whole days input and hence affect the general

Question:Consider yourself as the higher management of the organization, what will you do to resolve this conflict? Either to continue this practice of “Close Door” policy or go with the majority who is in the favor of “Open Door” policy. Give solid reasons to support your answer.

Note: Try to write your choice clearly (in bold) at the top and then write reasons in the bulleted

I am in the favor of Open-door policy because of the following reasons 

• This style is more open, more talents are attracted to the pool. The style will flourish and enrich
• Encourage open communication, feedback, and discussion about any matter of importance to an employee
• Employees are free to talk with any manager at any time
• By helping to solve problems, managers benefit by gaining valuable insight into possible problems with existing methods, procedures, and approaches 
• Company's employees have the opportunity at all times, through the open door policy, to be heard.
• Addressing grievances or complaints should be handled very carefully
• The preferred method to immediately solve the problems of the employee.
• Open door policy focuses on majorities interests
• This policy involve in devoting the full consideration on work
• It’s a very constructive and productive activity
..............

Fin621 GDB No. 2 Solution

Monday, January 24, 2011 Posted In Edit This

Semester “FALL 2010”
“Financial Statement analysis(FIN621)”

This is to inform that next Graded Discussion Board (GDB ) will be opened according to the following schedule

Schedule:
Opening Date and Time: January 24, 2011 At 12:01 A.M. (Mid-Night)
Closing Date and Time: January 26, 2011 At 11:59 P.M. (Mid-Night)

Topic/Area for Discussion
“Analysis of the Profitability of the business ”



Discussion Question
“Suppose you are a loan officer in a bank and Econ Company Limited apply for long term loan in your bank. Your bank is providing the loan to all kinds of businesses . 12% p.a. by analyzing the business and current scenario of the market conditions, you are much confident that the profitability rate of the company will remain same even after debt financing. The profit and loss account of the company shows net income of Rs. 105,000, sales Rs. 4,850,000, interest expense, Rs. 300,000, income tax expense Rs. 5,000 and the gross profit Rs. 4,250,000. 

By considering the information given about the profitability of the company:

1. Do you think that Econ Ltd. has the ability to pay fixed cost of borrowings ________ (Yes or NO).
2. What is the current operating profitability rate of the company ______ 
3. What is the amount of operating expense________
4. What is the amount of operating income______

Instructions: 
You are NOT required to show formula or calculations. Just mention your answers in given format above. Otherwise your GDB will be graded as zero.
...............
Solution:

MTH001 Assignment No. 2 Solution

Monday, January 24, 2011 Posted In Edit This
Assignment # 2 (Lecture# 17 - 24) Of MTH001 (FALL 2010) 

Maximum Marks: 30 
Due Date: 
January 24, 2011

INSTRUCTIONS

Please read the following instructions before attempting the solution of this assignment:

• To solve this assignment, you should have good command over 17-24 lectures. 
• Try to get the concepts, consolidate your concepts and ideas from these questions which you learn in these 
lectures. You should concern the recommended books for clarification of concepts.
• Upload assignments properly through LMS, No Assignment will be accepted through email.
• Write your ID on the top of your solution file.
• Do not use colorful back grounds in your solution files.
• Use Math Type or Equation Editor etc. for mathematical symbols and equations.
• You should remember that if we found the solution files of some students are same then we will reward zero marks to all those students. Therefore, try to make solution by yourself and protect your work from other students, otherwise you and the student who send same solution file as you will be given zero marks.

• Avoid copying the solution from book (or internet); you must solve the assignment yourself.
• Also remember that you are supposed to submit your assignment in Word format any other like scan images, HTML etc. will not be accepted and we will give zero marks correspond to these assignments.

Question: 01 Marks: 10
Ali decides to invest a certain sum of money in business at the end of each year in the form of an annuity. He wants to get a sum of Rs.40, 000 after 20 years. If the payments accumulate at expected profit of 8% compound annually, how much should he start investing annually?

Question: 02 Marks: 10
Find the unknown values of , , and if  and are multiplicative inverses of each other. Where .

Question: 03 Marks: 10
If and are the means for the two sets and respectively and related by and . Then find the values of ‘ ’ and ‘ ’.
.................
Solution 1):

This is a Future Value of an Ordinary Annuity problem.

Future Value is 40,000. Number of periods is 20. Annual rate is 8% 
From TVM table for FV of an Annuity, the Factor is 45.7625

The FV = Annuity x Factor. We know the FV is 40,000, so divide it by the factor of 45.7625 to determine the Annuity amount of 874.08

The formula is ((1+ r)^n - 1) / r, or ((1.08)^20 - 1) / .08, or 4.661 - 1 = 3.661 / .08 = 45.7625
................

Mgt501 GDB No. 2 Solution

Monday, January 24, 2011 Posted In Edit This

There is a firm XYZ. The management claims to offer lucrative and market competitive salaries to all its employees. It offers same financial package to all the employees who work in the same cadre. While the organization claims for good packages, some of the workers are very motivated with these packages while others are not. They assert that money is not the only thing in the world for motivation and organization must do some thing that can satisfy the inner urge.

Q1: What are the factors of motivation that cause some of these employees to be happy?
Q2: What are the factors of motivation that cause some of these employees to be unhappy?
Q3: What could be reasons that are making these employees dissatisfied?
Q4: Which compensation system this organization has employed?
.............
SOLUTION:


It is interesting that out of the 23 job factors listed for the survey, yet with the exception of two items (white-collar workers' choice (B) and blue-collar workers' choice (C)) groups selected the same top ten factors, although with different rankings. It is significant that good pay was considered as the most important factor by the blue-collar workers, but it ranked as the least important for white-collar workers.

4): Direct financial compensation consisting of pay received in the form of wages, salaries, bonuses and commissions provided at regular and consistent intervals

Mgt301 Online Quiz Announcement

Monday, January 24, 2011 Posted In Edit This
Quiz # 4 Dated: Jan 21, 11

On-Line Quiz (No.04) Announcement Quiz will cover video lecture no. 1 to 37

Schedule

Opening Date and Time : 25th January, 2011 At 12:01 AM (Mid-Night)
Closing Date and Time : 28th January, 2011 At 11:59 PM (Mid-Night)

24 hours extra time is not available

Mgt503 GDB Solution

Monday, January 24, 2011 Posted In Edit This

Boeing was founded by William E. Boeing in 1916. It is the largest global aerospace and defense equipment manufacturer by orders, revenue and deliveries. To meet the market and customer demands, Boeing is continuously expanding its product lines and services. The product line includes aerospace shuttles, defense systems, passenger planes, military platforms, and computer integrated systems.

With corporate offices in Chicago, Boeing employs more than 159,000 people across the United States and in 70 countries. This represents one of the most diverse, talented and innovative workforces anywhere. More than 123,000 employees hold college degrees -- including nearly 32,000 advanced degrees -- in virtually every business and technical field from approximately 2,700 colleges and universities worldwide. Enterprise also leverages the talents of hundreds of thousands more skilled people working for Boeing suppliers worldwide. (Courtesy Boeing)

As NASA (National Aeronautics and Space Administration) is really struggling to reach to the planet MARS. Their space shuttle traveling in the outer space requires emergency repair and supplies and if it is not repaired in time then mission will probably fail. Peter, Director Operations Space is getting worried and the crew members’ frustration increases minute by minute as space shuttle can only survive 4 days without repair. It seems that there is no way out of it, a dead end. Mustafa, a young Operation Officer of NASA suggests that we should send another light weight space shuttle which can do the repair job. There is no other way then to try this one else billion of dollars will be blown in the unknown galaxies. Hence, Peter instructs Mustafa to contact to their partner Boeing to build a space shuttle on urgent basis.

Mustafa decides to bring all the resources from various functional departments. He gathers engineers, technicians, builders, programmers from different departments of Boeing. They started working together but as they work together there is confusion, fights and conflicts among these workers, their departmental heads and Mustafa. As time passes, frustration creeps in Mustafa’s mind, and his blood is getting thicker and thicker. There is no time for conflict resolution, and he doesn’t know what to do. The clock is ticking and he is thinking he might have to face the ultimate failure of his life. Billions depend on him!

What do you think why there is a conflict and fighting among them at this crucial moment? Provide one solution which can solve the problem. Be very concise and to the point.
....................
SOLUTION:


A conflict arises when individuals have different opinions, thought processes, attitudes, interests, needs and find it difficult to adjust with each other. When individuals perceive things in dissimilar ways and cannot find the middle way, a conflict starts. No organization can survive if the employees are constantly engaged in fights and conflicts. The individuals have to give their hundred percent at workplaces to generate revenue and profits for the organization.

Conflicts must be avoided at workplaces for a healthy and a competitive environment. Employees must ensure that precautionary measures are taken in advance to prevent conflicts at the workplace. Employees are the assets of any organization and they must feel motivated and elated to perform well. Conflicts only lead to tensions and depressions and nothing productive comes out of it. No individual can work alone; he has to depend on his fellow workers for the maximum output. Every individual has to work in a team and can’t afford to fight with his team members.


Mustafa and Peter were a part of the operations team with a reputed firm. Both of them had excellent academic records, were hard working and were never short of ideas.

....................
Conflict in the workplace makes life at a job difficult for employees. Workplace conflict is a specific type of disagreement that occurs in a work area, such as an office, and is uniquely influenced by the work environment. Contention in the workplace can be hidden for a period of time before a majority of staff becomes aware of the issue.

Management conflict occurs when a problem develops between workers and the management structure or directives. Conflict can arise between members of the management team if their leadership styles are contradictory. 

Disagreements within the management team can result in contradictory directions and a lack of authoritative decision-making. A company with a conflict within management faces a host of problems, such as a frustrated staff due to irregular policies and a perceived loss of control over the staff.

method that can be used to deal with conflict between employees is to simply demand the issues between the employees to stop. You can also explain to them that serious consequences will occur if they disobey the demand to stop the conflict. If they do happen to disobey the warning than you could either choose to suspend or fire them, depending on the seriousness of the situation to you. This method should end conflict and it should show the seriousness of bringing conflict to work, and disobeying the manager to the other employees.

............

Mgt101 GDB Solution

Monday, January 24, 2011 Posted In Edit This
Financial Accounting (MGT101)

Announcement of Graded Discussion Board (GDB)

Semester “Fall 2010”
“Subject Name (MGT101)

This is to inform that Graded Discussion Board (GDB) will be opened according to the following schedule

Opening Date and Time: January 24 , 2011 At 12:01 A.M. (Mid-Night)
Closing Date and Time: January 27 , 2011 At 11:59 P.M. (Mid-Night)

Topic/Area for Discussion




“ METHODS OF COMPUTING DEPRECIATION”


Note: The discussion question will be from the area/topic mentioned above. So start learning about the topic now.


Discussion Question

“Would the use of accelerated method – Diminishing balance method of deprecation in the financial statements (Income statement and Balance sheet) be more conservative or less conservative than the current practice of using the straight-line method?” Briefly explain.

................
Solution:
.........
Use of accelerated depreciation methods in the financial statements would be more “conservative” than the current practice of straight-line depreciation. Accelerated methods more quickly transfer the costs of plant assets to expense. Thus, in the immediate future, accelerated depreciation methods produce more conservative (lower) balance sheet valuations of plant assets and more conservative (lower) measurements of net income.
.............
The Accelerated method results in heavier depreciation through the early life of the asset. It is used by accountants to trim down a company’s tax bills as soon as possible. 

The Straight line depreciation method deducts an equivalent amount from a company’s earning every year all over the life of the asset.

So, the accelerated method is less conservative than the straight-line method because the straight line method reduces reported net income.

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