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Mgt501 assignment solution 1 spring 2012

Sunday, April 08, 2012 Edit This
Mgt501 assignment solution 1 spring2012

Comment on the termination of Shazia was it right or wrong? Give justified reasons.

Answer:-

In my opinion if I conclude it generally the termination was wrong because she was not the only Air hostess left for that company. Obviously a company has many workers including the Air hostesses. But if conclude it with the opinion of company than the termination is right because it is including in the agreement that they may be assigned the task unexpectedly and the workers must have to accomplish them. But if we sumup this all than she was not wrong the problem was major and unexpected that’s why she has to leave and the manager must arrange the other workers for that time.

(Expand and write your own opinions because they may be different from mine)

Does the termination of Shazia discourage work force diversity? Why or why not? Give strong reasons.

Answer:-

Yes this will obviously discourage other works as they feel their job unsecured and will be under pressure and this will create more difficulties for them. 

(Expand and write your own opinions because they may be different from mine)

Generally speaking, the term “Workforce Diversity” refers to policies and practices that seek to include people within a workforce who are considered to be, in some way, different from those in the prevailing constituency. In this context, here is a quick overview of seven predominant factors that motivate companies, large and small, to diversify their workforces:

As a Social Responsibility

Because many of the beneficiaries of good diversity practices are from groups of people that are “disadvantaged” in our communities, there is certainly good reason to consider workforce diversity as an exercise in good corporate responsibility. By diversifying our workforces, we can give individuals the “break” they need to earn a living and achieve their dreams.

As an Economic Payback

Many groups of people who have been excluded from workplaces are consequently reliant on tax-supported social service programs. Diversifying the workforce, particularly through initiatives like welfare-to-work, can effectively turn tax users into tax payers.

As a Resource Imperative

The changing demographics in the workforce, that were heralded a decade ago, are now upon us. Today’s labor pool is dramatically different than in the past. No longer dominated by a homogenous group of white males, available talent is now overwhelmingly represented by people from a vast array of backgrounds and life experiences.  Competitive companies cannot allow discriminatory preferences and practices to impede them from attracting the best available talent within that pool.

As a Legal Requirement
Many companies are under legislative mandates to be non-discriminatory in their employment practices. Non-compliance with Equal Employment Opportunity or Affirmative Action legislation can result in fines and/or loss of contracts with government agencies. In the context of such legislation, it makes good business sense to utilize a diverse workforce.

As a Marketing Strategy

Buying power, particularly in today’s global economy, is represented by people from all walks of life (ethnicities, races, ages, abilities, genders, sexual orientations, etc.) To ensure that their products and services are designed to appeal to this diverse customer base, “smart” companies, are hiring people, from those walks of life - for their specialized insights and knowledge. Similarly, companies who interact directly with the public are finding increasingly important to have the makeup of their workforces reflect
the makeup of their customer base.

As a Business Communications Strategy

All companies are seeing a growing diversity in the workforces around them - their vendors, partners and customers. Companies that choose to retain homogenous workforces will likely find themselves increasingly ineffective in their external interactions and communications.

As a Capacity-building Strategy

Tumultuous change is the norm in the business climate of the 21st century. Companies that prosper have the capacity to effectively solve problems, rapidly adapt to new situations, readily identify new opportunities and quickly capitalize on them. This capacity can be measured by the range of talent, experience, knowledge, insight, and imagination available in their workforces. In recruiting employees, successful companies recognize conformity to the status quo as a distinct disadvantage. In addition to their job-specific abilities, employees are increasingly valued for the unique qualities and perspectives that they can also bring to the table. According to Dr. Santiago Rodriguez, Director of Diversity for Microsoft, true diversity is exemplified by companies that “hire people who are different – knowing and valuing that they will change the way you do business.”

For whichever of these reasons that motivates them, it is clear that companies that diversify their workforces will have a distinct competitive advantage over those that don’t. Further, it is clear that the greatest benefits of workforce diversity will be experienced, not by the companies that that have learned to employ people in spite of their differences, but by the companies that have learned to employ people because of them.

CS504 VU Assignment No. 1 Solution Spring 2012

Sunday, April 08, 2012 Edit This
Solution No-1:-
Business Requirements
There is a need for an online Business Decision making system / Adviser to effectively spot the right business areas for better financial investment by the interested investors based upon their financial history. The system should be able to provide assistance to the organizations consultants in making better predictions about their clients investments. System should keep full track of clients details regarding investments and liabilities, and offer an effective communication channel to interact with the clients via emails.

User Requirements

1        Log into  the system
2        Customizable theme and profiling
3        Home page of Adviser / user showing configurable switch board
4        Manage e-mail groups.
5        Send custom emails to individuals / groups
6        Send template driven emails to  individuals / groups
7        Add client liabilities along with Repayment schedule and Drawdown schedule
8        View existing Liabilities
9        Edit/delete clients Liabilities
10    Add client Investment
11    Apply commission / fee to Investment
12    View clients Investments
13     Filter Investments by entities
14    Edit/Delete clients investment
15    Add investment for transaction
16    View and manage transaction list
17    Redeem transaction

Functional Requirements

 

            FR01: User Login

FR01-01
System shall allow user/adviser to login
FR01-02
System shall get Username from user
FR01-03
System shall get password from user
FR01-04
System shall authenticate user when he / she submits username and password on login button
FR01-05
System shall allow user to Reset his username and password when he / she clicks on the Reset button
FR01-06
System shall allow user to remember his username and password by entering into the checkbox.

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