Explain the Hofstede’s Cultural Classification in the context of International Business. ANSWER: Hofstede’s Cultural Classification, developed by Dutch social psychologist Geert Hofstede, is a framework used to analyze and understand cultural differences across countries. It provides insights into how cultural values influence behavior, communication, and business practices in international business contexts. The framework consists of …
SOLUTION: The calculations are done in excel where NPV is calculated using time value of money and IRR value is found which is closest to NPV =0 2. Calculate the Cash Cycle using the following information. (Assume 360 days in a year).Opening BalancesRaw Material 4,00,000WIP 80,000Finished Goods 6,00,000Debtors 2,50,000Creditors 5,60,000Closing BalancesRaw Material 5,00,000WIP 70,000Finished Goods …
Explain the various entry modes of companies into foreign markets. ANSWER: Companies have several entry modes or strategies to enter foreign markets. The choice of entry mode depends on factors such as market characteristics, business objectives, resources, and risk tolerance. Here are some common entry modes for companies entering foreign markets: The selection of the …
ICFAI Examination guidance & crash session question and answers.
ANSWER : There are two main points of view that can explain why professionals such as doctors, accountants, and lawyers have a charter or framework of code of conduct, duties, and obligations that other people do not: In summary, the presence of a charter or framework of code of conduct, duties, and obligations for professionals …
Business – Ethics, Governance & Risk | Question and answers Read More »
ANSWER : The ethical principle that underpins the risk management concept is the principle of accountability. This principle emphasizes the responsibility of organizations to identify, assess, and mitigate risks in a transparent and ethical manner. By being accountable for risk management, companies aim to protect the interests of their stakeholders, including shareholders, employees, customers, and …
Business – Ethics, Governance & Risk | Question and answer Read More »
1. Identify a relevant business problem, gather support from literature to identify research gap. Now, develop a research proposal based on the research gap. ANSWER: Business Problem: Inefficient Supply Chain Management in the Retail Industry Research Gap: Although there is existing literature on supply chain management in the retail industry, there is a research gap …
The RACI Matrix is a project management tool used to define and clarify roles and responsibilities within a project or organizational process. RACI stands for Responsible, Accountable, Consulted, and Informed. The matrix helps to clearly outline who is responsible for each task, who is accountable for its successful completion, who needs to be consulted for …
Discuss the challenges faced in practicing OB. ANSWER: Practicing Organizational Behavior (OB) can present various challenges due to the complex and dynamic nature of organizations and human behavior. Some of the key challenges faced in practicing OB include: These challenges highlight the complex and dynamic nature of OB practice. Overcoming these challenges requires a combination of knowledge, …
ORGANIZATIONAL BEHAVIOUR – Question and answer 2 Read More »
a. Examine the critical elements of service delivery for a company. (300 Words) ANSWER: A business model known as service delivery transfers services from a provider to a client. It also includes the ongoing communication between the two parties when the consumer is using the service and the provider is providing it. In essence, a service …
