MGMT611 GDB Solution Spring 2012

Question:

Mr. Hanan is working as an HR director in a multicultural organization. A large number of employees of the organization belong to India, Pakistan and Bangladesh. HR department has received many complaints from employees of different departments that few supervisors prefer the employees of their own country for availing opportunities and resources. This biased situation is creating dissatisfaction among all employees. To find out the real picture, the HR director has decided to conduct a survey regarding the job satisfaction of employees. After conducting an HR survey, he became aware of the fact that ethnocentrism factor is prevailing in the organization which is creating job dissatisfaction among employees. In addition, it can prove to be a great hurdle in increasing productivity and future performance of the organization.
You are required to suggest some approaches appropriate to cope with this cross cultural barrier existing in the organization? Support your answer with appropriate justifications.

Solution:

Strategies to improve cross-cultural relations:
Here we take a systematic look at approaches people can use on their own along with training programs
designed to improve cross-cultural relations.
A. Develop Cultural Sensitivity
B. Focus on Individuals Rather than Groups
C. Respect all Workers and Cultures
D. Value Cultural Differences
E. Minimize Cultural Bloopers/embarrassments
F. Participate in Cultural Training
G. Foreign language training
H. Diversity training

ECO402 GDB Solution Spring 2012

Question:

Japan had remained world’s largest producer of automobiles for quite a long time but devastating earthquake and tsunami in recent years adversely hit Japanese economy. Now China has overtaken Japan’s automobiles industry and had become world’s leading manufacturer of automobiles. Many Japanese automobile manufacturers including Toyota, Honda and Nissan have shifted their manufacturing plants in China instead of choosing any other country.  Keeping in view the above stated situation, discuss the economic factors that Japanese automobile producers have considered while taking decision to establish their manufacturing plants in China.Also elaborate how this decision would give benefit to the consumers of the world?

Solution:

Japan would also feel a need to shift their manufacturing plants in a country that is already got a handsome skill in the matter due to which it is ruling the country. Factors that would affect could be:

Labor, it is easy to hire staff in a country which has wide scope of the field which further helps employment issues that will hugely benefit the people seeking jobs and a chance to learn and cheap staff will benefit regarding companies.

Raw material cost, will be cheap in an industrial country as china, which has few natural resources but primary industry preparing raw material are in good numbers.

Asian Market is fitting to loads of producing concerns as it’s the leading market, thickly populated and very promising. And cheap water channel provides easy mode of transportation.

People inAsiahave so much variation that demands variety of products according to needs and also in great number so it’s completely beneficial on both sides.

MGT601 GDB Spring 2012 (Solution )

Question:
Pakistan’s economy can be called as SMEs economy as there are more than 3.2 million SMEs operating in Pakistan which are contributing 30% share in GDP. Similarly they have employed 78% of non-agricultural labor force as per SMEDA statistics. Still this sector is floating in the phase of analysis and diagnosis of problems and challenges and not many actions have been taken so far from the government officials and concerned institutes. Access to finance, lack or research, lack of training and development and semi-skilled labor are the major issues of SME sector that need deliberate attention of state agencies. Similarly the large manufacturing units can also play an active role in the development, growth and expansion of SME sector. The dynamic role of large manufacturing units in the expansion of SME sector is always underestimated and underplayed so far. All over the world, the closely netted collaborations between large manufacturing units and SME sector is supported by governments and stakeholders.

In your opinion, how the large manufacturing units can play their active role in the expansion of SME sector in Pakistan.

Solution:

The Large companies can play a vital role for the developement of SME.

It can help small companies by providing Loans for expansion of their business as usually the small
companies creates a bye-products for the large companies.
The Large Companies can help small companis in development of high quality products and providing Skills employees to them.
Large companies usually merge or acquire with the small companies. (Here you can Quote any Merger or Aquisition Example).