BNK603 GDB No. 2
Monday, May 30, 2011 Posted In Bank Edit This
“Product innovation and importance of KYC”
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Mgmt630 GDB No. 2 solution
Monday, May 30, 2011 Posted In Mgmt Edit This“Knowledge management is present in all organizational processes. Through effective utilization of technology and organizational resources knowledge can be effectively managed. Certain ideas (myths) are prevailing regarding the knowledge management. Discuss with Solid Arguments any two ideas of knowledge management that either these prevailing ideas are myths or absolute reality.“
Solution:
Knowledge management is another form of reengineering.
Reengineering is efficiency-driven-a one-item attempt at introducing radical change in organizational processes to improve efficiency. The emphasis is on cost reduction and making better use of existing operations. Jump-starting such a business, however, often results in failure.
Solution:
Knowledge management is mere technology.
This is a serious misconception. KM is really about people, relationships, and a new way of working together as an entity in an organizational setting.
This is a serious misconception. KM is really about people, relationships, and a new way of working together as an entity in an organizational setting.
It is a unique way of thinking about work and about working. Imagine knowledge communities
percent of all technology-centered KM efforts have been known to fail because of a lack of attention to people .
of employees with common interests sharing information on best practice that help everyone do a
more efficient job. KM will work only if there is trust and confidence among coworkers. Over 80
Knowledge management is another form of reengineering.
Reengineering is efficiency-driven-a one-item attempt at introducing radical change in organizational processes to improve efficiency. The emphasis is on cost reduction and making better use of existing operations. Jump-starting such a business, however, often results in failure.
KIM is an ongoing renewal of organizational processes to learn in advance about the company’s future opportunities and contingencies. The concentration is on value added activities that demand innovation and creativity. This is ingrained in the day-to-day processes of the business.
Technology plays a critical role in the way information becomes available at
electronic speed.
::::::::::::::::::::::::::::::::::
The Myths of Knowledge Management
1. Knowledge management is a fad.
2. Knowledge management and data warehousing are essentially the same.
3. Knowledge management is a new concept.
4. Knowledge management is mere technology.
5. Technology distributes human intelligence.
The Myths of Knowledge Management
1. Knowledge management is a fad.
2. Knowledge management and data warehousing are essentially the same.
3. Knowledge management is a new concept.
4. Knowledge management is mere technology.
5. Technology distributes human intelligence.
6. Knowledge management is another form of reengineering.
7. Company employees have difficulty sharing knowledge.
8. Knowledge management works only within an organization.
9. Technology is a better alternative than face-to-face.
10. It is “no brainier’ to share what you know.
Knowledge management is mere technology.
This is a serious misconception. KM is really
about people, relationships, and a new way of working together as an entity in an organizational setting.
It is a unique way of thinking about work and about working. Imagine knowledge communities of employees with common interests sharing information on best practice that help everyone do a more efficient job. KM will work only if there is trust and confidence among coworkers. Over 80
7. Company employees have difficulty sharing knowledge.
8. Knowledge management works only within an organization.
9. Technology is a better alternative than face-to-face.
10. It is “no brainier’ to share what you know.
Knowledge management is mere technology.
This is a serious misconception. KM is really
about people, relationships, and a new way of working together as an entity in an organizational setting.
It is a unique way of thinking about work and about working. Imagine knowledge communities of employees with common interests sharing information on best practice that help everyone do a more efficient job. KM will work only if there is trust and confidence among coworkers. Over 80
Fin623 GDB No. 2 solution
Monday, May 30, 2011 Posted In Fin Edit ThisSemester “Spring 2011”
“Taxation Management (FIN623)”
This is to inform you that Graded Discussion Board (GDB) # 02 Will be opened according to the following schedule
Schedule
Opening Date and Time
27th May , 2011 At 12:01 A.M. (Mid-Night)
Closing Date and Time
31st May , 2011 At 11:59 P.M. (Mid-Night)
Note: No extra or bonus/grace period is available for attempting GBD.
Samsung has a branch office in Pakistan. Mr. Kim, who is the employee of head office, is dedicated to perform services for the Pakistan branch office. What will be the tax treatment of salary received by Mr. Kim according to Income Tax Ordinance 2001?
SOLUTION:
Proper Answer:
Treatment of Salary through employment Exercised in Pakistan: Salary received by Mr. Kim will be Taxable under (Section 101) "Pakistan Source Income" of the Income Tax Ordinance 2001.
Additional Explanation:
As Sam-sung which is a foreign company but have a branch office in Pakistan its means that Sam-sung is working in Pakistan through Permanent Establishment in Pakistan so it will be a resident company here and any salary paid by a resident company is Pakistan Source income and also any salary which can be earn through employment exercised in Pakistan will be chargeable to tax under Pakistan Source Income.
::::::::::::::::::::::::::::::
Samsung has a branch office in Pakistan. Mr. Kim, who is the employee of head office, is dedicated to perform services for the Pakistan branch office. What will be the tax treatment of salary received by Mr. Kim according to Income Tax Ordinance 2001?
Proper Answer:
Treatment of Salary through employment Excercised in Pakistan:
Salary received by Mr. Kim will be Taxable under (Section 101) "Pakistan Source Income" of the Income Tax Ordinance 2001.
Additional Explaination:
As Samsung which is a foreign company but have a branch office in Pakistan its means that Samsung is working in Pakistan through Permanent Establishment in Pakistan so it will be a resident company here and any salary paid by a resident company is Pakistan Source income and also any salary which can be earn through employment excercised in Pakistan will be chargeable to tax under Pakistan Source Income.
:::::::::::::::::::::::::::::::::::
Treatment of Salary through employment Exercised in Pakistan:
Salary received by Mr. Kim will be Taxable under (Section 101) "Pakistan Source Income" of the Income Tax Ordinance 2001.
Additional Explanation:
As Samsung which is a foreign company but have a branch office in Pakistan its means that Samsung is working in Pakistan through Permanent Establishment in Pakistan so it will be a resident company here and any salary paid by a resident company is Pakistan Source income and also any salary which can be earn through employment exercised in Pakistan will be chargeable to tax under Pakistan Source Income.
::::::::::::::::::::::::::
According to income tax ordinance 2001;
Geographical Source of Income-Sec101 Pakistan-Source Income:
1) Salary shall be Pakistan-source income to the extent to which the salary-
• Is received from any employment exercised in Pakistan, wherever paid; or
• Is paid by, or on behalf of, the Federal Government, a Provincial Government, or a local authority
in Pakistan, wherever the employment is exercised
Permanent Establishment—Defined Sec. 2(41)
Permanent establishment in relation to a person, means a fixed place of business through which the
business of the person is wholly or partly carried on, and includes)
A place of management, branch office, factory or workshop, premises for soliciting orders, ware
house, permanent sales exhibitions or sales outlet, other than a liaison office except where the
office engages in the negotiation of contracts (other than contracts of purchase);
Tax treatment of Mr. Kim’s salary according to income tax ordinance 2001:
Salary of Mr. Kim is chargeable to tax since according to income tax ordinance 2001 sec(101), Salary shall be Pakistan-source income to the extent to which the salary-
• Is received from any employment exercised in Pakistan, wherever paid. And Samsung is permanent established in Pakistan so therefore it is also included in the tax payer category.
::::::::::::::::::::::::::
According to income tax ordinance 2001;
Geographical Source of Income-Sec101 Pakistan-Source Income:
1) Salary shall be Pakistan-source income to the extent to which the salary-
• Is received from any employment exercised in Pakistan, wherever paid; or
• Is paid by, or on behalf of, the Federal Government, a Provincial Government, or a local authority
in Pakistan, wherever the employment is exercised
Permanent Establishment—Defined Sec. 2(41)
Permanent establishment in relation to a person, means a fixed place of business through which the
business of the person is wholly or partly carried on, and includes)
A place of management, branch office, factory or workshop, premises for soliciting orders, ware
house, permanent sales exhibitions or sales outlet, other than a liaison office except where the
office engages in the negotiation of contracts (other than contracts of purchase);
Tax treatment of Mr. Kim’s salary according to income tax ordinance 2001:
Salary of Mr. Kim is chargeable to tax since according to income tax ordinance 2001 sec(101), Salary shall be Pakistan-source income to the extent to which the salary-
• Is received from any employment exercised in Pakistan, wherever paid. And Samsung is permanent established in Pakistan so therefore it is also included in the tax payer category.
STA301 GDB solution
Monday, May 30, 2011 Posted In STA Edit ThisSTA301 will be opened on June 01, 2011 and will remain open till June 03, 2011. The topic of this GMDB will be
“Suppose you want to survey a colony of Lahore having 20 streets each of 150 houses. A sample of 10 houses is to be taken from each street. Explain how would you select the 10 houses from each street by systematic sampling”.
Your comments should NOT exceed from 80-100 words
SOLUTION:
Solution:
Systematic sampling is to be applied only if the given population is logically
homogeneous, because systematic sample units are uniformly distributed over
the population.
I want to sample 10 houses from a street of 150 houses.
150/10=15,
so every 15th house is chosen after a random starting point between 1 and 15. If
the random starting point is 11,
then the houses selected are house no11, house no 26,house no 41, house
no56,house no 71, house no86, house no101, house no116 ,house no 131
:::::::::::::::::::::::::::::::::::::::::
The formula for systematic sampling is K=N/n where "N" is the Population size and "n" is sample size
we want to sample 10 houses from a street of 150 houses. 150/10=15, so every 15th house is chosen after a random starting point between 1 and 15. If the random starting point is 4, then the houses selected are 4,19,34,49,64,79,94,109,124,139
:::::::::::::::::::::::::::::::::::::::::
The formula for systematic sampling is K=N/n where "N" is the Population size and "n" is sample size
we want to sample 10 houses from a street of 150 houses. 150/10=15, so every 15th house is chosen after a random starting point between 1 and 15. If the random starting point is 4, then the houses selected are 4,19,34,49,64,79,94,109,124,139
Mgt510 GDB Announced
Monday, May 30, 2011 Posted In MGT Edit This"Deming chain reaction and the Crosby’s absolute of quality management emphasize the importance of quality management by conveying that "quality is free". Briefly discuss the concept that "quality is free"."
Mgt503 Assignment No. 2 solution.
Monday, May 30, 2011 Posted In MGT Edit This“Principles of Management (MGT503)”
Assignment No.2 Marks:20
“Planning and Decision Aids”
Introduction:
Recent decade has witnessed remarkable changes in the banking industry around the world. Despite of global recession, the banking sector in Pakistan has made significant progress in recent years; and the degree of competition in this sector is also increasing rapidly.
Question:
By considering this entire scenario, you are required to conduct the SWOT Analysis of any bank and fill in the format given at page 2.
Guidelines:
�� Choose any one bank from the following list
�� Visit the nearby bank branch and meet with any bank official
�� Get information from the bank official and find out bank’s internal strength and weakness
�� Also identify opportunities and threats for the bank that are existing in its external environment
�� Remember that you have to perform the SWOT Analysis for the Bank (the whole organization) – not for that particular branch.
List of Banks:
• Habib Bank Ltd.
• MCB Bank
• The Bank of Punjab
• The Bank of Khyber
• Standard Chartered Bank
• Bank Al-Falah
• Allied Bank Ltd.
• National Bank
• Or any other commercial bank
Note:
�� The given information about bank branch and contacted official will be verified before marking the assignment. Also, without this detail your assignment would be considered invalid and graded zero.
�� Provide only three strengths, three weakness, three opportunities and three threats that you find the most important.
�� No theoretical details and explanations are required.
�� Copying is strictly prohibited. Assignment copied from website of bank or from any other source will be graded zero
Solution Format:
Bank Name:
Branch Address:
Name, Designation
and Phone # of
Contacted Official:
SWOT ANALYSIS
Strengths:
1.
2.
3.
Weaknesses:
1.
2.
3.
Opportunities:
1.
2.
3.
Threats:
1.
2.
3.
Important Tips
1. This Assignment can be best attempted from the knowledge acquired after
watching video lecture no. 1 to lecture no 22 and reading handouts as well as
recommended text book).
2. Video lectures can be downloaded for free from Online VU Lectures
Schedule
Opening Date and Time May 27, 2011 At 12:01 A.M. (Mid-Night))
Due Date and Time June 01, 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:
SWOT Analysis of Bank Alfalah
Since its establishment in 1992, Bank Alfalah has grown to nearly 200 branches throughout the middle east. The bank has established itself as a reputable lender with opportunity for growth. A SWOT analysis can aid in understanding what strengths, weaknesses, opportunities, and threats may affect this business in coming years.
1. Strengths
o The core strength of Bank Alfalah is in providing Halal banking services. Halal is Arabic for, "that which is permissible"; Halal banking follows traditional Muslim laws. With a strong market in middle eastern countries. Their position in the oil rich middle east gives them a strong home market. Additionally, Bank Alfalah notes that they have a strength in correspondent banking, a form of banking that uses partner banks to transfer funds between different regions of the globe.
2. Weaknesses
o Bank Alfalah's adherence to Halal standards may be a strength in some markets, but it is a weakness in the west that makes moving outside of its home region market difficult. Specifically, adhering to Halal standards means that Bank Alfalah cannot offer the same range of products as conventional banks.
3.Opportunities
o With the growth of Islam in the western world, Bank Alfalah has the opportunity to expand beyond the middle east and into markets in the United States and Europe in order to offer Halal banking services. Bank Alfalah notes that Islamic banking is currently growing at twice the rate of conventional banking throughout the world.
4. Threats
o The main threat to Bank Alfalah is the threat posed by western banks who are able to engage in less restrictive sources of revenue generating. Bank Alfalah freely admits that they do not offer the full range of products of conventional western banks. These banks may pose a threat to them in their home market and will certainly pose a threat if they choose to expand into western markets.
::::::::::::::::::::::::::::::::::::::::::::::
SWOT ANALYSIS:
Strenght:
1. Strong Pay Structure
2. Account EI Has 30 Years Work Experience
3. Select People From Top Universities
4. Retention Program
5-Strong Financial Position
6-Highly Qualified Employees
7-Conducive Environment
8-Govt. Support and Encouragement
9-Fastest Growing Financial Institution
10-Huge Expansion Plan
11-Young and Energetic Workforce
12-Islamic Banking Division
Note: only three streghts are required m mentioning 12 here so select as u like
Weaknesses:
1.Waiver of charges
2.Inexperienced workforce
3.Over work Load on Employees
4-Employees are not very much Motivated
Opportunities:
1. Rapidly Growing Economy
2. Increased Interest Rates
3Mega Projects Financing
4-Huge Demand for Consumer Financing
5-Merger with UBL
6-Growing Trend of Islamic Banking
7-Spending Practices of Mass
Threats:
1. Uncertainty of Economy
2. High Rate of Inflation
3Trend of Mergers
4-Privatization of Banks
5-Risk of Defaults
::::::::::::::::::::::::::::::::::::::::::::::::
SWOT Analysis of Bank Alfalah
Since its establishment in 1992, Bank Alfalah has grown to nearly 200 branches
throughout the middle east. The bank has established itself as a reputable lender with
opportunity for growth. A SWOT analysis can aid in understanding what strengths,
weaknesses, opportunities, and threats may affect this business in coming years.
1. Strengths
o The core strength of Bank Alfalah is in providing Halal banking services. Halal is Arabic
for, "that which is permissible"; Halal banking follows traditional Muslim laws. With a
strong market in middle eastern countries. Their position in the oil rich middle east gives
them a strong home market. Additionally, Bank Alfalah notes that they have a strength
in correspondent banking, a form of banking that uses partner banks to transfer funds
between different regions of the globe.
2. Weaknesses
o Bank Alfalah's adherence to Halal standards may be a strength in some markets, but it
is a weakness in the west that makes moving outside of its home region market difficult.
Specifically, adhering to Halal standards means that Bank Alfalah cannot offer the same
range of products as conventional banks.
3.Opportunities
o With the growth of Islam in the western world, Bank Alfalah has the opportunity to
expand beyond the middle east and into markets in the United States and Europe in
order to offer Halal banking services. Bank Alfalah notes that Islamic banking is
currently growing at twice the rate of conventional banking throughout the world.
4. Threats
o The main threat to Bank Alfalah is the threat posed by western banks who are able to
engage in less restrictive sources of revenue generating. Bank Alfalah freely admits that
they do not offer the full range of products of conventional western banks. These banks
may pose a threat to them in their home market and will certainly pose a threat if they
choose to expand into western market
SOLUTION:
SWOT Analysis of Bank Alfalah
Since its establishment in 1992, Bank Alfalah has grown to nearly 200 branches throughout the middle east. The bank has established itself as a reputable lender with opportunity for growth. A SWOT analysis can aid in understanding what strengths, weaknesses, opportunities, and threats may affect this business in coming years.
1. Strengths
o The core strength of Bank Alfalah is in providing Halal banking services. Halal is Arabic for, "that which is permissible"; Halal banking follows traditional Muslim laws. With a strong market in middle eastern countries. Their position in the oil rich middle east gives them a strong home market. Additionally, Bank Alfalah notes that they have a strength in correspondent banking, a form of banking that uses partner banks to transfer funds between different regions of the globe.
2. Weaknesses
o Bank Alfalah's adherence to Halal standards may be a strength in some markets, but it is a weakness in the west that makes moving outside of its home region market difficult. Specifically, adhering to Halal standards means that Bank Alfalah cannot offer the same range of products as conventional banks.
3.Opportunities
o With the growth of Islam in the western world, Bank Alfalah has the opportunity to expand beyond the middle east and into markets in the United States and Europe in order to offer Halal banking services. Bank Alfalah notes that Islamic banking is currently growing at twice the rate of conventional banking throughout the world.
4. Threats
o The main threat to Bank Alfalah is the threat posed by western banks who are able to engage in less restrictive sources of revenue generating. Bank Alfalah freely admits that they do not offer the full range of products of conventional western banks. These banks may pose a threat to them in their home market and will certainly pose a threat if they choose to expand into western markets.
::::::::::::::::::::::::::::::::::::::::::::::
SWOT ANALYSIS:
Strenght:
1. Strong Pay Structure
2. Account EI Has 30 Years Work Experience
3. Select People From Top Universities
4. Retention Program
5-Strong Financial Position
6-Highly Qualified Employees
7-Conducive Environment
8-Govt. Support and Encouragement
9-Fastest Growing Financial Institution
10-Huge Expansion Plan
11-Young and Energetic Workforce
12-Islamic Banking Division
Note: only three streghts are required m mentioning 12 here so select as u like
Weaknesses:
1.Waiver of charges
2.Inexperienced workforce
3.Over work Load on Employees
4-Employees are not very much Motivated
Opportunities:
1. Rapidly Growing Economy
2. Increased Interest Rates
3Mega Projects Financing
4-Huge Demand for Consumer Financing
5-Merger with UBL
6-Growing Trend of Islamic Banking
7-Spending Practices of Mass
Threats:
1. Uncertainty of Economy
2. High Rate of Inflation
3Trend of Mergers
4-Privatization of Banks
5-Risk of Defaults
::::::::::::::::::::::::::::::::::::::::::::::::
SWOT Analysis of Bank Alfalah
Since its establishment in 1992, Bank Alfalah has grown to nearly 200 branches
throughout the middle east. The bank has established itself as a reputable lender with
opportunity for growth. A SWOT analysis can aid in understanding what strengths,
weaknesses, opportunities, and threats may affect this business in coming years.
1. Strengths
o The core strength of Bank Alfalah is in providing Halal banking services. Halal is Arabic
for, "that which is permissible"; Halal banking follows traditional Muslim laws. With a
strong market in middle eastern countries. Their position in the oil rich middle east gives
them a strong home market. Additionally, Bank Alfalah notes that they have a strength
in correspondent banking, a form of banking that uses partner banks to transfer funds
between different regions of the globe.
2. Weaknesses
o Bank Alfalah's adherence to Halal standards may be a strength in some markets, but it
is a weakness in the west that makes moving outside of its home region market difficult.
Specifically, adhering to Halal standards means that Bank Alfalah cannot offer the same
range of products as conventional banks.
3.Opportunities
o With the growth of Islam in the western world, Bank Alfalah has the opportunity to
expand beyond the middle east and into markets in the United States and Europe in
order to offer Halal banking services. Bank Alfalah notes that Islamic banking is
currently growing at twice the rate of conventional banking throughout the world.
4. Threats
o The main threat to Bank Alfalah is the threat posed by western banks who are able to
engage in less restrictive sources of revenue generating. Bank Alfalah freely admits that
they do not offer the full range of products of conventional western banks. These banks
may pose a threat to them in their home market and will certainly pose a threat if they
choose to expand into western market
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