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INTERNAL ASSIGNMENT APPLICABLE FOR SEPTEMBER 2019
EXAMINATION
Industrial Relations & Labour Laws
1. Sadashiv Mane is
working with Chop up industries and is very unhappy with his foreman. He feels,
his foreman, Raghuveer is usually unjust when it comes to allotting shifts to
Sadashiv. According to Sadashiv, Raghuveer also delays his payments purposely.
However, upon taking up this issue, Raghuveer reasoned that payments are made
from the office and he distributes them as he receives them. Sadashiv is trying
to raise this issue as an Industrial dispute with the committee at his factory
but they are not accepting it as an industrial dispute. In light of this example,
please innumerate the principles which decide the nature of an industrial
dispute to be called so.
2. Bhagwan wants to
start a unit for clothes manufacturing. He has got a large contract of a label
in India. Bhagwan is planning on a large place where he will have around 150
stitching machines. He is planning to employ 25 cutters and masters for
measurements and cutting the patterns and around 100 ladies who would be
stitching the clothes together. When he met the Inspector for setting up the
license for shop and establishment, he came to know that there are separate
provisions he must keep in mind while employing women. Please guide Bhagwan
towards special provisions he must keep in mind for employment of women under
Factories Act, 1948.
3. Kotwal and sons has
been a proprietary company since almost 30 years. They are a known name for ink
making. A lot their products are exported. The company employs close to 85
people at various levels in the factory and office. Mr. Ramesh Kotwal the
Director and owner of the company had started the company and had never really
thought of going by law where salaries were concerned. While most of the staff
with the company is working for years, they have only one complain that that is
standardized salaries. Anish Kotal has now taken over and wants to create a
standard on salaries by some tweaking. However, he wants to know the details of
the remuneration according to the law or act. Please answer following questions
based on the information.
a. Mr. Gaidhuni, an
expert consultant is helping Anish for his project of salary standardization
and lists various points as employer’s duty to pay Equal Remuneration. Please
list these points for Anish.
b. List out the
consequences of offence committed under this act.
Performance Management System
1. You have joined as
HR Manager at Oberoi Mall. Design a self-appraisal form for sales executives
using the Graphic Rating Scale method. You may consider a 3 point scale or a 5
point scale. Your self appraisal form should include a minimum of 5 statements
for the sales executive to complete the self appraisal form.
2. Akash Kumar is a
successful Team Leader at Surya Solar Industries since the past 5 years. He has
a team of 20 employees across India and the profitability of his team has been
a consistent year-on-year increase of around 10%. The organization is on an
aggressive growth path and the new Department Head Ajay Arora has been pushing
team members to enhance sales for their respective territories. Akash finds
Ajay’s leadership approach too aggressive and he also feels he is unnecessarily
putting pressure on Akash’s subordinates and not letting Akash deal directly
with his team. Akash is finally fed up and submits his resignation. You are the
HR Manager – how will you conduct a coaching conversation with Akash in this
scenario.
3. Meghdoot Finance Ltd
is the service provider for one of the leading banks in India. The sales
executives are involved in selling credit cards to customers.
a. Suggest 3 ideas for
‘’recognition’’ of successful sales executives
b. Design a reward
scheme for the sales executives with a view to increase credit card sales.
Organisation Culture
1. Compare and
contrasts between India’s and Canada’s culture.
2. Explain with the
help of examples that how successful organisational culture can be built with
Consistency
Adaptability
Involvement
Clear Mission.
3. a. Explain with the
help an example the role of leader in any modern organisation.
3. b. Explain with the
help of an example that how leadership and culture are strong tenets in any
merger and acquisition.
Decision Analysis & Modeling
1. Suppose that you are
playing a game with a competitor (two-person game). Using the maximin (minimax)
principle, what is the strategy selection for you and your competitor
separately? What is the value of the game for each player? Is the game biased?
Does the game have a saddle point? The payoff matrix is given below.
B1 B2 B3 B4 A1 -5 6 2 8
A2 4 4 4 5 A3 5 -3 1 -5 (10 Marks)
2. Suppose that the
Sales of your company has the following probability distribution. 20,000: 0.20
40,000: 0.30 60,000: 0.30 70,000: 0.20 Simulate the Sales for the next 12
months using the following random numbers (using Monte Carlo) and find the
average Sales per month: 12, 64, 46, 5, 93, 51, 91, 63, 21, 88, 33, 21.
Interpreting the results, comment on the following: What is more important –
the quality of randomness of the numbers or the probability distribution of
Sales? (10 Marks)
3. Suppose that you are
analyzing ‘Sales’ and ‘Marketing expense’ data of your company. It is found
that lagged ‘Marketing expenses’ (with lag of 1) significantly determines
‘Sales’. Sales is auto-correlated (with lags 1 and 2).
a. Interpret what
autocorrelation means in this context. What may be an example of auto
regression? Write an example of the auto-regressive model in this context. (You
must write the equations.) (5 Marks)
b. Suppose further that
there are only two types of products which are sold, and that Sales is
suspected to be heteroscedastic. Interpret what heteroscedasticity means in
this context, how may we test it statistically in this context?
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