SHORT QUESTIONS

1.How does an International body; Financial Action Task force (FATF) being a major stakeholder influence the businesses operating in Pakistan?

2.The absolute closed system is not applicable but it can still thrive despite the fact that it is not in interaction with the external environmental forces? Do you agree with the statement? Support your answer with the help of practical example.

3.Henry Ford stated that "History is more or less bunk." Do you agree or disagree with the statement? Justify your answer in the context of evolution of management field with the help of at least two arguments.

4.The well-renowned international retailer launched Black Friday deals in Pakistan. What shall be the appropriate response of the customers/masses?

5.Draw the organogram/ organization chart of any company of your choice following a Virtual Structure.

LONG QUESTIONS

Question 1:

In Pharmaceutical sector, how does the different key parts (top management, middle management, administration, technical structure, operational core) play their respective role in an organization?

Justify your answer with the help of duties and responsibilities performed by managers at different managerial levels.

Question 2:

The critics claim that measuring the organization's effectiveness is important to examine the company's performance. Identify the reasons, on what grounds, Balanced Scorecard (BSC) approach of organization's effectiveness is better than traditional approach?

Also discuss the application of BSC on Higher Education Institutions (HEIs) of Pakistan.

Question 3:

Strategy should be deigned to gain competitive advantage. In this relevance, Porter proposed market forces (e.g.; threat of substitutes, bargaining power of buyers, etc.) and competitive strategies (low cost leadership, etc.).

State the examples/scenarios for each of the market forces and competitive strategies that indicate the competitive move by the company results into gaining edge over the rival.

Also relate each competitive strategy with the relevant structure i.e. Mechanical or Organic.

Question 4:

Design the Vision, Mission Statement and Key Performance Indicators (KPIs) for an Amusement Park.

Question 5:

Competition and Collaboration are the name of the game in Business Ecosystem. The companies strive for their market share but also join hands together for the betterment of entire industry.

Examine the four possibilities/quadrants along with the survival strategies that could help the organizations to build inter-organizational framework.