Emerging Concepts in Management

Assignment # 1
Due Date: January 13, 2012

Submitted to Mr. Yogesh Satyal

Submitted by: Puja Pradhan (MBAe ) Section: B

Q.no.1. Watch a movie that involves an organization of some type. Identify as many management activities, skills and roles as you can. Everything one needs to know about management activities, skills and roles can be learned from the movie The Godfather. In fact, the movie can be thought of as a boom MBA program. The Godfathers strategy was illustrated in the beginning of the movie on his daughters wedding day. On this day, the Godfathers friends, family and business associates could ask him for a favor, and for the most part, the Godfather couldnt refuse. Many friends and business associates lined up to have a meeting with the Godfather to request their favor. Once the Godfather agreed to help, he would stop at nothing to comply with the requested favor. He would use his power, wealth, influence, connections, employees and every other resource at his disposal to ensure he performed the task required. Don Vito Corleone was a man to whom everybody came for help, and never were they disappointed. On a high level, the Godfather was a problem-solver. If someone had a problem, they would ask the Godfather for help. If he agreed to help, the problem would eventually be solved, one way or another, by the Godfather. Don Corleone received everyonerich and poor, powerful and humblewith an equal show of love. He slighted no one. That was his character. The Godfather obtained the respect of everyone in his community simply by helping people solve their problems. Or to put it another way, the Godfather earned respect by adding immense value to those in his community. One could use their knowledge, experience, professional network and all of resources to solve all problems and add value to life. The most valuable things in life are the things that cannot be replaced. Time, health, family, friends, etc If you lose money, it can easily be replaced. However, if you lose the respect of someone, its more than likely gone forever. And because respect cannot be replaced, its value cannot be calculated. To help you see the value of respect, think of respect as if it were a savings bond. A savings bond is an asset that pays you interest as long as you own it. Respect is an asset that can be leveraged for as long as you have it. Once the Don earned someones respect by solving their problem(s) or By giving to others, you set yourself up to receive from others. The Godfather gave to others and in turn set himself up to receive from others. Every single time he helped someone, he set up a new savings bond, which would pay him interest at some point in the future. And while the book paints him as a heroic figure, the truth is, he was a criminal. You know that he was getting something out of it every time he solved a problem. You can use the Dons strategy in all areas of your business, including lead-generation, leadconversion, referrals, joint-venture relationships and when communicating with your database via hard-copy and email newsletters. Take some time to really think about this for your business. As you do, remember the bigger the problems you solve, the more respect you earn.

Q.no.2 what, as per your analysis, will be some of the opportunities and challenges that Nepla will be encountering in the coming years because of its membership in WTO? There are numerous opportunities than challenges that Nepal will be facing because of its membership in WTO. Here are some of them: y y y y WTO will lead to the enhancement of efficiency of Nepali enterprises and make Nepali economy more competitive by promoting better business environment. It will create expanded market for Nepali exports. Resources will be diverted to those sectors in which Nepal has comparative cost advantage. . It will give a boost for better access to the developed markets. The technology transfer will promise better productivity and thus will improve standard of living.

Q.no.3. Choose any industry and describe the impact of globalization has had on that industry. Are there any industry that might not be affected by this trend? If so mention one such industry? If not, why are there none? Globalization has also thrown open varied challenges such as inequality across and within different nations, volatility in financial market spurt open and there were worsening in the environmental situation. Another negative aspect of globalization was that a majority of third world countries stayed away from the entire limelight. Till the nineties, the process of globalization in the Indian economy had been guarded by trade, investment and financial barriers. Due to this, the liberalization process took time to hasten up. The pace of globalization did not start that smoothly. Economic integration by 'globalization' enabled the cross country free flow of information, ideas, technologies, goods, services, capital, finance and people. This cross border integration had different dimensions - cultural, social, political and economic. More or less the economic integration happened through four channels Trade in goods and services Movement of capital Flow of finance Movement of people The gains from globalization can be cited in the context of economic globalization: Trade in Goods and Services - From the theoretical aspect, international trade ensures allocating different resources and that has to be consistent. This specialization in the processes leads to better productivity. Emerging economies can reap the benefits of international trade if only all the resources are utilized in full potential. This is where the importance of reducing the tariff and non-tariff barriers crop up.

Movement of Capital - The production base of a developing economy gets enhanced due to capital flows across countries. It was very much true in the 19th and 20th centuries. The mobility of capital only enabled savings for the entire globe and exhibited high investment potential. A country's economic growth doesn't, however, get barred by domestic savings. Foreign capital inflow does play an important role in the development of an economy. To be specific, capital flows either can take the form of foreign direct investment or portfolio investment. Developing countries would definitely prefer foreign direct investment because portfolio investment doesn't have a direct impact on the productive capacity expansion. Financial Flows - The capital market development is one of the major features of the process of globalization. We all know that the growth in capital and mobility of the foreign exchange markets enabled better transfer of resources cross borders and by large the global foreign exchange markets improved. It is mandatory to go in for the expansion of foreign exchange markets and thus facilitate international transfer of capital. The major example of such international transfer of funds led to the financial crisis - which has by now become a worrying phenomenon. Thus, globalization has the fair and rough share of its impacts and thus we can surely hope for more advancement in the global economy due to this process.
Q.no.4.

For those who work in international business, it is sometimes amazing how different people in other cultures behave. We tend to have a human instinct that 'deep inside' all people are the same - but they are not. Therefore, if we go into another country and make decisions based on how we operate in our own home country - the chances are we'll make some very bad decisions. Geert Hofstede's research gives us insights into other cultures so that we can be more effective when interacting with people in other countries. If understood and applied properly, this information should reduce your level of frustration, anxiety, and concern. But most important, Geert Hofstede will give you the 'edge of understanding' which translates to more successful results. If we compare German culture through the lens of the 5-D Model, we can get a good overview of the deep drivers of German culture relative to other world cultures and comes in the first position. Power distance: This dimension deals with the fact that all individuals in societies are not equal it expresses the attitude of the culture towards these inequalities amongst us. Power distance is defined as the extent to which the less powerful members of institutions and organizations within a country expect and accept that power is distributed unequally. Highly decentralized and supported by a strong middle class, Germany is not surprisingly among the lower power distant countries. Co-determination rights are comparatively extensive and have to be taken into account by the management. A direct and participative communication and meeting style is common, control is disliked and leadership is challenged to show expertise and best accepted when its based on it.

Individualism The fundamental issue addressed by this dimension is the degree of interdependence a society maintains among its members. It has to do with whether people s self-image is defined in terms of I or We . In Individualist societies people are supposed to look after themselves and their direct family only. In Collectivist societies people belong to in groups that take care of them in exchange for loyalty. The German society is a truly individualistic one. Small families with a focus on the parentchildren relationship rather than aunts and uncles are most common. There is a strong belief in the ideal of self-actualization. Loyalty is based on personal preferences for people as well as a sense of duty and responsibility. This is defined by the contract between the employer and the employee. Communication is among the most direct in the world following the ideal to be honest, even if it hurts and by this giving the counterpart a fair chance to learn from mistakes.

Uncertainty avoidance The dimension Uncertainty Avoidance has to do with the way that a society deals with the fact that the future can never be known: should we try to control the future or just let it happen? This ambiguity brings with it anxiety and different cultures have learnt to deal with this anxiety in different ways. Germany is among the uncertainty avoidant countries There is a strong preference for deductive rather than inductive approaches, be it in thinking, presenting or planning: the systematic overview has to be given in order to proceed. Details are equally important to create certainty that a certain topic or project is well-thought-out. In combination with their low Power Distance, where the certainty for own decisions is not covered by the larger responsibility of the boss, Germans prefer to compensate for their higher uncertainty by strongly relying on expertise.

Long term orientation The long term orientation dimension can be interpreted as dealing with societys search for virtue, the extent to which a society shows a pragmatic future-oriented perspective rather than a conventional historical short-term point of view. The Germans score 31, making it a short term orientation culture. Societies with a short-term orientation generally exhibit great respect for traditions, a relatively small propensity to save, strong social pressure to keep up with the Joneses , impatience for achieving quick results, and a strong concern with establishing the Truth i.e. normative. Western societies are typically found at the short-term end of this dimension, as are the countries of the Middle East.