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Sunday, 18 September 2022

NMIMS DECEMBER 2022 SOLVED IA 9967480770

 

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International HR Practices

1. Automobile spare parts Ltd, an Indian company is planning an international expansion. The company has decided to start its manufacturing plant and office in Kenya. You have been appointed as a consultant to advise the HR Head of the company on undertaking International Human Resource Planning.

 Explain 5 important points, which you advise to the HR Head to undertake International Human Resource Planning

 What issues and challenges are organizations to be prepared for while operating in the International scenario? (10 Marks)

2. SSI limited an Indian-based IT company opens a subsidiary in London. Many internal IT consultants applied for Internal Job postings and out of 20 applicants, 3 got the opportunity to work in a London subsidiary. After 4 months, one of the employees wishes to come back to their home country and he reaches out to you (the HR team). He says it’s difficult for him to sustain in London with the current compensation as the cost of living is too high.

 You did a deep dive and reviewed the situation. What are the causes you could identify and how will you address this?

 Which approach or structure of International compensation, does the company could have been offered to the ex-pat? What factors could have been considered before moving employees to a foreign country? (10 Marks)

3. Ace Engineering is Mumbai, India-based heavy engineering company specializing in transformer manufacturing and setup projects. It’s now planning to set up a project management office in Warsaw, Poland. For this, there will be a team of 15 project experts moving from India and 2 from France to Poland for 6 months and will return to their home countries after 6 months, including a senior manager coming from France.

a. How will you (in the Global HR role) plan and prepare for the repatriation process for these returnees? (5 Marks)

b. What could be the challenges faced by repatriates while returning to their homeland? (5 Marks)

 

Employee Development & Talent Management

1. In spite of the resistance from top management, Mr. Ajay – HR Head at Magnum Ceramics

has been investing on development of the employees. Lately he has been noticing that it is not

giving the desired results. Comment on steps in employee development process that helps him

meet the objectives of the program. (10 Marks)

2. Career planning has always been a pretty low-priority item for Bombay Design Co., since "just getting workers to come to work and then keeping them honest is enough of a problem" as Varun likes to say. Yet Vrinda thought it might not be a bad idea to give some thought to what a career planning program might involve for the company. Many of their employees had been with them for years in dead-end jobs, and she frankly felt a little bad for them: "Perhaps we could help them gain a better perspective on what they want to do, " she thought. And she definitely believed that career support would have an effect on improving company’s employee retention. Outline and describe the career planning process you would propose for the designers working with the company (10 Marks)

3. Zee Inc. has its plants in different areas in the country. The company provided both in company and out-companies executive development programs. In Company programs included orientation programs for apprentice Assistant Executive Engineers. It had a staff college at Pune. Programs were conducted at staff college for all types of personnel. In company programs included quality management, participative management, time management, etc. The best faculty was drawn from Indian Institute of Management, Universities, and Professional Bodies etc. apart from the four permanent and internal faculties. At present all the four permanent faculty positions are vacant. Evaluation of management development programs is done as a ritual rather than to make it a part of development process. Evaluation of in-company program is done at Staff College with the objectives of knowing the participants learning and to know how far the participants have found the program useful. The staff college sends no formal feedback to the functional heads of the departments and also to the corporate personnel and administrative department. It appears to be no formal system that provides the feedback from the participants and out company programs to their respective functional heads. There exists no evaluation model with pre-training and post-training evaluation and no efforts are made to develop evaluation techniques.

a. Find out the purpose of evaluating the management development programs. (5 Marks)

b. Explain the Kirkpatrick’s Model of Evaluation to overcome the problems in the case. (5 Marks)

 

Strategic HRM

1. The paradigm shift of HR has brought a huge change in how HR professionals are recruited. The skills required to perform a HR Manager’s role has changed as What was applicable a few years back it stands to be outmoded today and so it requires a great understanding to formulate and implement HR strategy as the competencies aren’t easily available and this condition poses a great challenge for the recruiters for seeking quality HR talent. In this case state the role of HR in formulation and implementation of HR Strategy. (10 Marks)

2. As the HR manager you have noticed during an appraisal process in the marketing department, two employees with the same job title and performing the same job are earning different amounts of money. As you dig deeper, you noticed that the performance appraisal for employee have some issues wherein certain factors while designing the appraisal are important to consider. You have determined to list important strategic issues to handle this situation. (10 Marks)

3. Mr. Michael is the HR Manager at a Pet Supply wholesaler. Mr. James is a salesperson at the organization and an invaluable member of the team due to him in last financial year company saw about 20 percent hike in the sales resulting in company revenue alone. Everybody likes Mr. James due to his friendly nature, competent attitude, and professional behaviour. Training is an important part of the company, and an e-mail was sent last month that said if employees do not complete the required safety training by November 1, they would be let go. It is November 15, and it has just come to Mr. Michael’s attention that Mr. James has not completed the online safety training that is required for his job. When he approaches him about it, he says, “I am the best salesperson here; I can’t waste time doing training. I already know all the safety rules anyway.” Would Mr. Michael let go Mr James, as stated in the e-mail? How would you as Mr.Michael handle this?

a. Why is important to train employees including an efficient employee like Mr. James? (5 Marks)

b. How beneficial will be training session for Mr. James? (5 Marks)

 

Total quality management

1. Poka-yoke, a Japanese term, are mechanisms used to eliminate errors by effectively making it impossible to make mistakes in a given process. And they can be used everywhere. Discuss the objectives of Poka-yoke and its techniques that can be applied at various levels of a process with examples.

2. A quality circle leader is confused about the seven basic quality tools, and approaches you to help him in using a tool for identifying the root cause of the problem. Discuss with example what tool will you advise him to use and how it is used.

3. In a continuous, automatic bottling of mineral water plant, the quality inspector wants to plot a x bar chart to monitor the volume of water in the bottles being filled. She has taken 30 samples with 4 observations each. The process average is 250 ml and standard deviation is 0.16 ml.

a. Calculate the upper and lower control limits for the process.

b. What are the main objectives of process capability?

 

Service operations management

1. Define and briefly explain the term ‘Service Design’. What are the various approaches that organizations adopt to implement ‘Service Design’? Explain with examples for the approaches for a restaurant setup (choose any one reference setup of your own choice)

2. What are the factors/dimensions which are considered important by an organisation while evaluating Quality in Service Operations? Elaborate your answer with an example from the education Sector.

3. The Healthcare sector is one the most prominent in the service sector. Many processes are involved in this sector by various organisation. Hence it becomes critical for Healthcare Institutes to plan their processes in different ways to provide the best possible services to their customers. Highlight the attempts of these organisations from the following aspects as given below.

a. Discuss the elements that need to be planned in a service framework of a healthcare setup.

b. To ensure that all processes will run effectively and error free, how can healthcare services adopt the concept of Service Design (Blueprinting) for their service operations.

 

Procurement management

1. Discuss the steps involved in purchasing and supply procedures briefly. Imagine you are a procurement manager for a leading mobile manufacturer. What parameters would you assign for your supplier selection, for the procurement of mobile components? Also assign weightage for the parameters and justify selection process.

2. As a procurement manager, contract cancellations too are equally important decisions to be taken similar to signing of contract. Bring out the type of contract cancellations. Cite examples and highlight severity of cancellations and implications of the cancellations of contracts.

3. a. ‘Bring out the difference between procurement of capital equipment and a capital asset’. What are the factors to be considered while purchasing them?

3. b. Milk basket (an ecommerce grocery seller) appoints you as a purchasing manager for its perishable product department. How can your contribution to the purchasing department enhance overall organizational performance through following e procurement strategies?

 

Operations and supply chain strategies

1. There is XYZ Ltd Company operating in retail business and having numerous products. Because of dynamic market condition, company is facing lots of problems such as decrease revenue, increase operations cost, competition etc. Suggest organization to implement focused operations strategy that improve the efficiency of the firm.

2. You have been appointed as supply chain consultant in E-commerce company. Company operates in various products line such as books, mobile phones, laptops, apparels etc. To increase customer base top management of the firm is thinking to acquire furniture start-up. Simultaneously company also need to focus on existing business model. Analyse and suggest a different level of strategies that you will implement in the firm that can improve overall business profit.

3. A traditional pharmacy company is planning to start online channel to reach better geographic location. Company spends huge amount of money in technology to improve supply chain. Company also took help from third party logistics to deliver the orders.

a. Explain existing situation of company with respected to industry life cycle.

b. Explain different competitive advantage that ultimately help company to get better position in market.

 

Enterprise resource planning

Read the case study- ‘Bharat Petroleum Corporation Limited (BPCL)’ and answer the following questions.

 

1. Explain the key factors that made BPCL consider implementing the ERP. Was this organisation adequately prepared to take up such a large technology project? Justify your answer by giving suitable illustrations.

2. Explain the business case or cost-benefit analysis (CBA) the company expected to achieve through this ERP implementation. Identify key areas of improvement expected through this ERP implementation.

3. Explain the functionality of the following two modules of SAP as mentioned in Annex 3.

a. Materials management (MM)

b. Sales and Distribution (SD)

 

International Logistics & Supply Chain Management

1. Considering the various supply chain planning factors, suggest an appropriate supply chain strategy for a foreign manufacturer of branded luxury watches to enter the Indian market.

2. SML Enterprises, a contract manufacturer of perfumes & deodorants for a large brand of perfumes & deodorants, is planning to launch its own brand of perfumes & deodorants in the market. What will be the logistical requirements for the company’s foray into distribution of its branded products? Explain an appropriate choice of logistics outsourcing strategy for the company.

3. A large chain of gift shops has traditionally procured all its supplies of gift items & souvenirs from domestic manufacturers. With increasing competition from e-commerce companies, the chain is now looking to refresh its portfolio of products and wants to provide its customers the best of the products from across the globe.

a. How can the company facilitate procurement from different sources across the globe? Suggest potential countries where the company can consider setting up some form of its operations for the same, and explain the form of operations & its benefit to the company.

b. What will be additional burden on the company in terms of requirements & the procedures to be followed for importing the products in India?

 

International Finance

1. An Indian company is in the process to acquire land overseas for setting a manufacturing plant in Europe. This helps in the reduction of company’s production cost by 30%. For this, company needs an investment of USD 5 million. Company has approached an ABV Bank to suggest a plan for capital borrowing at least for the time frame for five to six years. Assume yourself in a role of senior manager of ABV bank. Suggest the mix of different international sources from where company can raise the capital. Make the necessary assumptions, if required.

2. A forex trader from Mumbai collects the below information regarding the exchange rate between INR and EURO:

Bid Price: INR/EURO= 80.8300

Ask Price: INR/EURO= 80.8400

You are required to help him with the below questions he has:

(a) What is the direct exchange rate of INR- EURO for the trader?

(b) What is the indirect exchange rate of INR-EURO for the trader?

(c) What is the cross rate? If the bid and ask rate for EUR-USD are available as EUR 1.0200-1.0300/USD, what would be the bid-ask rates for INR/USD, using the cross-rate method.

3. A US company has exported goods worth 100 million, receivable after 3 months, to a Germany based company. The forward rates are expressed as:

EUR-USD Spot 1.0973 – 1.0974

Three months Forward 75.5- 76.0

a. Is the EUR quoting at discount or premium to the USD? What is the forward rate applicable at which the US company will enter into a forward contract?

b. Suppose USD is depreciating. Should the US exporter go for hedging the risk? If he hedges the risk with a forward contract and the actual spot rate after 3 months turns out to be the same as the currency spot rate, what is his notional profit/loss?

 

Advanced Supply Chain Management

1. With the growth of global competition, many organizations find handling several operations in its supply chain not very productive and therefore consider to partner with a 3PL. Discuss what is a 3PL company and why is it considered an important link in a supply chain. Provide examples to support your stance. (10 Marks)

2. An organization should develop and manage the supply chain drivers to emphasize the ideal balance between responsiveness and efficiency, depending on the business and financial requirements. Discuss the six main supply chain drivers the organization should focus on to move products from supply center to demand centers. (10 Marks)

3. Maxx Private limited stocks and distributes consumer items. It wants to maintain optimum inventory level of a regular selling item, so as to reduce the inventory cost. This item has a maximum daily demand of 15 units and a maximum lead time of 23 days. It also has an average daily demand of 7 units. Suggest the following:

a. How Maxx can calculate the optimal level of inventory for this item. (5 Marks)

b. The steps that Maxx needs to take to manage its inventory for multiple-items in multiple locations. (5 Marks)

 

International Banking & Foreign Exchange Management

1. Your company is planning to expand its operations to other countries. Imagine yourself in the role of company’s financial manager. Management has asked you to explain them about the forex market and its functioning and how their company business would get affected by it? (10 Marks)

2. An Indian import export house has a currency exposure to 10 million Japanese Yen. Assume that Yen is not directly quoted against INR. The current spot rates are USD/INR = 79.97 and USD/JPY =137.56. It is estimated that Yen will depreciate to 164 level and Rupee to depreciate against Dollar to 83. The Forward rate for December 2022 USD/YEN = 147.56 and USD/INR 82.52. Given that the actual spot rate on 30 December 2022 was USD/YEN = 137.85 and USD/INR = 79.99, what hedging decisions an Indian company should take? (10 Marks)

3. Open currency position is subjected to exchange rate risk. Suppose you are doing training in the treasury department of bank. The manager has asked you to prepare report on the following:

a. Position limits on a currency that a dealer can carry during regular trading hours. (5 Marks)

b. Position limits on a currency that a dealer can carry over to the next day up to this limit. (5 Marks)

 

Insurance & Risk Management

1. A Businessman running a Fabrication Factory want to avail a Life Insurance for his Family and also he want to take General Insurance for his Factory Machines, Furniture & other assets. For this Businessman pt. of view What Grounds General Insurance can be treated different paradigm than Life Insurance? (10 Marks)

2. If an Insurance & Risk Advisor need to advice upon various Loss Exposures to a Business House What factors would be envisaged for the same? (10 Marks)

3. a. What are Common Characteristics of Risk Management observed Insurance Context? (5 Marks)

3. b If a Health Insurance Policy agreement for Cover of Rs 7 Lakhs is about to expire on 31st of December, on 28th Dec person gets Heart Attack & gets admitted in Hospital. Even though person gets a reminder letter on 15th Dec, still Heath Insurance policy is Not renewed. By Pass Surgery is advised with Cost of Rs. 10 Lakhs Person also want to change Health Insurance Company (Contract) from coming Financial Year. Kindly advise RIGHT course of Action as per Health Insurance guidelines parameters. (5 Marks)

 

Treasury Management in Banking

1. The Clearing Corporation of India (CCIL) plays an important role in trading and settlement of Forex and Money Market Products in India. Discuss the role played by CCIL in Trading and settlement of Forex – Spot and Forwards (Forex Derivatives) for Bankers and FX-Retail for the Corporates. (10 Marks)

2. Discuss the various Money Market Products traded & settled through Clearing Corporation of India Ltd (CCIL) amongst the various Market participants. (10 Marks)

3. “A prudent Interest Rate management ensures bank’s profitability and overall inflation stability in an economy”

a. Discuss the impact on Bank’s profitability and inflation when Repo increases and reduces respectively. (5 Marks)

b. Highlight the differences between Repo Rate and Reverse Repo Rate. (5 Marks)

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