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HRM624 Assignment No. 2 Solution

Tuesday, June 21, 2011 Posted In Edit This
Semester “Spring 2011”

“Conflict Management (HRM624)”
Assignment No.2 Marks: 15

BATNA When people do not have the power to force a desired outcome, they generally negotiate but only when they believe that they would get some advantage by doing so. A negotiated solution is advantageous only under certain conditions – when a better option is not available. Consider the following scenarios:


Let us say, you are a buyer and goes to a supplier to purchase some obligatory goods to complete a project. The supplier envisages your urgency; his eyes begin to glow with expectations as you do not know any other supplier of that material. You want the lowest price possible while he wants the higher price. You have no fallback position as you both are in the same boat, but it is the supplier who is holding the oars.


In another scenario, you arranged a meeting with your supplier where your position is quiet different from the first scenario. Before arranging the meeting, you set up talks with two other suppliers who are ready and able to handle all your needs. When you meet with this supplier, you can calmly sit back in your chair, and allow the supplier to finish his speech. Now, watch the gleam fading from his eyes when you start talking about his competitor’s willingness to solve your problem. The talks suddenly become more responsive. So, who is holding the oars now?


Any successful negotiation must have a fundamental framework based on knowing the following:
• The alternative to negotiation
• The minimum threshold for a negotiated deal
• How flexible a party is willing to be, and what trade-offs it is willing to make

Based on the above mentioned scenarios and information, answer the following questions:
1. Explain the significance of knowing your BATNA position in first scenario?
(8 marks) 

2. Why it is important to know the negotiable position of your counter part?
(7 marks) 


Important Tips
1. This Assignment can be best attempted from the knowledge acquired after
watching video lecture no. 1 to lecture no. 11 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 June 17, 2011 At 12:01 A.M. (Mid-Night)
Due Date and Time June 22, 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.


Important Instructions: 

Please read the following instructions carefully before attempting the assignment solution.

Deadline:

• Make sure that you upload the solution file before the due date. No
assignment will be accepted through e-mail once the solution has been
uploaded by the instructor.

Formatting guidelines:

• Use the font style “Times New Roman” and font size “12”.
• It is advised to compose your document in MS-Word 2003.
• Use black and blue font colors only.

Solution guidelines:

• Every student will work individually and has to write in the form of an
analytical assignment.
• Give the answer according to question.
• For acquiring the relevant knowledge don’t rely only on handouts but
watch the video lectures and use other reference books also.

Rules for Marking

Please note that your assignment will not be graded or graded as Zero (0) if:

• It has been submitted after due date
• The file you uploaded does not open or is corrupt
• It is in any format other than .doc (MS. Word)
• It is cheated or copied from other students, internet, books, journals etc…



SOLUTION:





 KEY POINTS
Power, Conflict, and BATNA Power:
The force to modify behavior of individuals, groups, societies, or nations
Conflict: Clash of interests among individuals, groups, societies, or nations
BATNA: Best Alternative to the Negotiated Agreement

 Knowing, the BATNA protects a disputant, and the team, from irrational action. Trying to resolve a conflict without knowing the BATNA put the team in the untenable position of not knowing whether to negotiate or to stop negotiating. Many disputants deal with this pressure to act irrationally by developing a bottom line. If the negotiation leads to deal that’s as good as the bottom line, the negotiators will settle; otherwise they won’t.

 Knowing the BATNA also helps a disputant and the team to act with efficiency. The team chooses to negotiate only if there appear to be potential benefits to negotiating, stays in negotiation only as long as it appears to be potentially beneficial, and gains a clear idea of what to do in the event that negotiation does not lead to settlement. There is less wasted time, money, effort and trauma. Source VU Handouts solutions

 In this Scenario;
Knowing my BATNA will help me get a better view of my interest as well as the supplier’s. After following the steps to get up to the mark regarding my BATNA I will be precisely able to know about supplier’s benefits and the best alternates he may have. Although the situation goes totally in his favour but still I can pursue my benefits and goals, while considering our mutual benefits like:

>   He wants to sale his product and I want to buy his product; it is a mutual benefit for both of us as if he does not sale I cannot buy and vice versa
>  He needs customer and I need a vendor
>  Getting profit is his interest and getting appropriate supply is mine

While considering the aforementioned points I will be able to get the best deal out of the whole scenario.
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CS101 Assignment No. 4 - solution soon

Tuesday, June 21, 2011 Posted In Edit This
Assignment No.  4
Semester Spring 2011
Introduction to Computing-CS101



Total Marks:  20
Due Date: 27/06/2011



Instructions:

Please read the following instructions carefully before solving & submitting assignment:
Assignment should be in your own wordings not copied from internet, handouts or books.
It should be clear that your assignment will not get any credit (zero marks) if:

  • The assignment is submitted after due date.
  • The submitted assignment does not open or file corrupt.
  • The assignment is copied (from other student or copy from handouts or internet).
  • Student ID is not mentioned in the assignment File or name of file is other than student ID.
  • The format of the assignment is other than MS Power Point format.
For any query about the assignment, contact at cs101@vu.edu.pk





You are required to present yourself with the help of MS Power Point slides. Use MS Power Point to make a presentation fulfilling the following requirements.


1.    Formatting requirements / instructions:

a.       Each slide should contain Date, Name of the student and the slide number in the footer section of the slide.
b.      Each slide except the title slide should contain VU logo at the upper right corner of the slide with appropriate size, not affecting the slide text.
c.       Each slide should be furnished with a different slide transition effect.
d.      All text in the presentation should be animated with suitable animations.

e.       Title Slide Formatting

                                                              i.      Main headings should be in the Times New Roman style with text size 50.
                                                            ii.      Second heading should be in the Times New Roman style with text size 28.

f.       Other Slides formatting

                                                              i.      Headings on all other slides except the title slide must be in the Arial Black style with text size 40
                                                            ii.      All text except headings should be formatted with style Arial and 24 text size.
                                                          iii.      Bullets should be in small alphabetic order (Not in number order) where required.

                                Note: Use Slide Master feature to fulfill the above requirements


2.    The contents requirements of the presentation:
a.       Title slide should contain the name and VU ID of the student.

b.      Next slide(s) should contain your Brief introduction with the Aim in life.

c.       Next slide(s) should contain the information regarding the major qualifications in the tabular form like



Certificate / Degree Name
Passing Year
Obtained Marks/
Total Marks
Marks Percentage
Major Subjects



















    1. There should be a bar chart at the next slide of the information presented in the table, with respect to Certificate / Degree and its marks Percentage.
    1. Next slide(s) should have information about your interest / hobbies in the bullets form.
    1. Last slide should have a “Thank You” message.


Note:

  • Assignment should be in your own wordings not copied from net, handouts or books.
  • Your presentation should not have more than 8 slides.

STA301 Correction in Assignment no.3 Dated: Jun 20, 2011

Tuesday, June 21, 2011 Posted In Edit This
Correction in Assignment no.3 Dated: Jun 20, 11

Dear Students,

It is to inform you that there was a mistake in the Question 2 (b), Assignment No. 3.

The given (incorrect) pdf was f(x) = (2x-1), 1<x < 2. This violates the basic property of a probability density function (pdf); that its total area under the curve MUST be equal to one.

The correct pdf is: f(x) = 2(x-1), 1<x < 2.

This ambiguity created difficulty for student in solving the problem. So, ALL the students will be awarded FULL marks in Q. No. 2 (b)

STA department sincerely apologize for the inconvenience!

Eco403 GDB No. 3 solution

Tuesday, June 21, 2011 Posted In Edit This
Suppose population of Pakistan is increasing so government of Pakistan has increased its spending by Rs.1000. This in turn will cause an increase in GDP of Pakistan. Will GDP of Pakistan increase by Rs.1000 or more than Rs.1000? Justify your answer.

Note: Your answer must NOT exceed from 50 words.


Starting Date: Friday, June 17, 2011

Closing Date: Tuesday, June 21, 2011





ECO403 3rd GDB Solution
Suppose population of Pakistan is increasing so government of Pakistan has increased its spending by Rs.1000. This in turn will cause an increase in GDP of Pakistan. Will GDP of Pakistan increase by Rs.1000 or more than Rs.1000? Justify your answer.


According to economics principal increase in expenditure doesn't have impact on GDP increasing of government spending is increasing which is a burden on the shoulders of govt. So government will have to arrange that money which is quite difficult at national level. If govt. could not arrange then they will print new currency which will lead them to inflation eventually, obviously in initial stages it will be economic growth and there will be rise in GDP at current prices but no change perhaps fall in GDP at constant prices




:::::::::::::::::::::::::::::::::


Another:


GDP will increase. The main point of question is that "would it be equal to Govenment spending or more"


::::::::::::::::::::::::::::::::::::::::::::::


GDP of Pakistan will increase more than Government spending.
The government spending of Rs.1000 will cause an increase in Consumption
and Investment made by hose holds.
In results, GDP of Pakistan would be higher than Government spending.



:::::::::::::::::::::::::::::::::::


For instance, government wants to spend money on Building of hospital. Government opens Tender for it.

1. After confirmation Tender, there would be investment which will be caused increase of “Investment” element of GDP.

2. There would be employment which will increase the purchasing power of consumers. People will demand for more goods and services. In response there would be more Investors to produce more goods.

These to elements would increase the GDP of Pakistan more than government spending.

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