Course: Ethics, Governance & Risk

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NMIMS Global Access

School for Continuing Education (NGA-SCE)

Course: Ethics, Governance & Risk

Internal Assignment Applicable for June 2017 Examination

Assignment Marks: 30

Instructions:

·       All Questions carry equal marks.

·       All Questions are compulsory

·       All answers to be explained in not more than 1000 words for question 1 and 2 and for question 3 in not more than 500 words for each subsection. Use relevant examples, illustrations as far as possible.

·       All answers to be written individually. Discussion and group work is not advisable.

·       Students are free to refer to any books/reference material/website/internet for attempting their assignments, but are not allowed to copy the matter as it is from the source of reference.

·       Students should write the assignment in their own words. Copying of assignments from other students is not allowed.

Question. 1. McDonalds is the biggest food chain in the world. Beef is served in only those places where it is culturally accepted. In India, where vegetarian food is preferred, one finds ample varieties of it in their outlets. What is your opinion about cultural clashes in business. With the help of a real life product/ business example showcase how business has ingenious ways to cross over cultural differences. (10 Marks)

Answer: McDonalds is a reputed fast food chain company. When we talk about fast food then we cannot leave McDonalds out of the conversation. However, it is a result of strong marketing and showcasing efforts that has been done over the time by the company.

Showcasing the business is constantly tricky. There are such a large number of systems that can be utilized and organizations like McDonalds as a rule utilize most exceptional methodology so they can rival the present rivalry of the market. At the point when any organization grows its evolved way of life comprehensively then they likewise need to manage

Question. 2. “Reach for the stars but always keep one foot on the ground”, was the best advice that L.N.Mittal received. He says that ambition soars high and along with that the compulsions of achieving the goals. It then becomes difficult to practice integrity and to stay in touch with reality. Success means you fly and cannot keep your feet grounded. What do you understand by business ambition. Is it a ethical quality? When does success define good business? (10 Marks)

Answer: Business is all about control, management and understanding. The better you understand your business, the far you can go. This is the simple concept that every business person needs to comprehend. If you will use the exceptional methods then there will always be risk involved and that is why it is always necessary for you to understand that business should always stay on the level when ground is not too far.

“Reach for the stars but always keep one foot on the ground”, it is a significant great and motivational business citation. This is the citation

Question. 3. A) In the parking lot of malls in Bangalore, it is a common sight to see provisions made to recharge the car batteries of Reva, the electric car. Unlike Nano, Reva did not get much publicity, but the way it works is quietly making sense to the consumers. How can ethical consumerism change businesses, explain using Reva as a case. (5 Marks)

Answer: We can ordinarily find in the parking area of Bangalore shopping centers the fundamental arrangements that were made to energize the auto batteries of Reva which is an electric auto. It is Quite one of a kind electric auto and not quite the same as Nano auto. Reva did not get much exposure, but rather the way it works is discreetly sounding good to the purchasers. Because of their use of moral consumerism, there are higher potential outcomes of progress in organizations openings on account of Reva.

Moral consumerism is a sort of purchaser activism that relies

B) An ordinary consumer in the market recognizes the various common brands, for instance Lipton, Mcdonalds, Tata Motors, Apple, Bata etc. thousands of companies that supply to the varied needs of consumer jostle for a place in the consumer’s heart and mind. These companies would like to build a good reputation and present themselves as most ethical. In this manner they build a good corporate culture. What brings ‘good’ in the corporate culture, elaborate? (5 Marks)

Answer: Reputation is a standout amongst the most essential things for the achievement of any organization. It doesn't make a difference whether you make progress rapidly or after some time, improvement of right and great reputation is the most critical thing so that the organization can fabricate trust of the clients towards its administrations and items. This is the piece of corporate culture and this is the most essential thing to comprehend for each and every entrepreneur. Organizations like Lipton, Mcdonalds, Tata Motors, Apple, Bata and so on additionally embrace corporate culture methodology so they can fabricate great

Dear students get fully solved assignments

Send your semester & Specialization name to our mail id :

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or

Call us at : 08263069601

(Prefer mailing. Call in emergency )