Management Answers

Mr Suresh Deshpande is the M.D of Rashmi Electricals which manufactures

various electrical components for the auto industry. It is a mid-sized company, (set-up in

the 90’s) employing about 200 people and its products are well known for its quality. Upto

2019 this company was making good profits and therefore it could pay its employees well

above the market average.A major component of this pay package were the benefits (like reimbursing school fees for employee’s children, free lunch, free transport) which attracted many talented workmen to the factory. However, after 2019, the profits started dwindling mainly because of competition, increased imports from China and the Corona pandemic. So, a few days ago Mr Deshpande called Mr lala, his HR Manager to stop all the different benefits given to the employees as these were adding to the costs in a big way.

From a Compensation point of view, explain how should Mr Roberts prepare adequate logic to convince Mr Suresh regarding which benefits to retain or discard.

Isaack buys a second-hand car from Reliable motors for R200,000. Isaack insures the car for R200,000 with Amazing Insurance Company.

Advise Isaack as to the nature of the insurance contract that he has concluded with Amazing Insurance Company. (7)

Your motorcycle is valued at R250,000. You insure the motorcycle with C Insurers for R250,000. You also decide the motorcicle with D Insurers for R250,000. On Sonday morning driving on a breakfeast run you damage the motorcycle by hitting a tree on the side of the road. The damage amounts to R250,000. Both insurers indicate that they rather compensate you instead of repairing the motorbike.

What amount of compenstation can you claim from C insurers and D Insurers? (10)

Vl2: Internalize and practice the structure and formatting of an information memo Suppose that you work at a company titled "Light House'. The IT Team has recently introduced a new software titled ``CARF^ prime making it convenient for the employees to stay updated with company's operations and updates. As a coordinator, compose an information memo to all the staff members of your company sharing the latest development regarding the new software. Think of an ideal date, time and venue for the hands-on training to use this software and share this schedule with all employees. Also, encourage all employees to attend and participate in the training.

discuss the labor force history, labor force participation rate, and current developments in the Fiji islands. Give examples to support your answer.

Ms. Riya did not get the welcome or support she expected from the team. Her plans were not implemented with the same vigor that she had imagined? Which common organizational pitfalls in leadership are described in this scenario?

Difference between career management and career development

What are some of the strategies companies can use to promote career management instead of career development in their organisation

1) Professional test-drive comparing Tesla with a competitor:

• Map the current situation through inquiry, observation, trialling, benchmarking (competition comparison), procedures
• Finding a solution to bridge those differences
• Evaluating solutions: feasibility, cost, impact on team efficiency

2) Finding a procedure/solution for: the test drive vehicles are set up to be user-friendly, clean and always sufficiently charged.

3) Finding a procedure/solution for: the showroom cars are user-friendly, clean and always sufficiently charged.

"adult learning and skills development are far more effective if the world of learning and the world of work are integrated" Explain why this integration is important and assess how the barriers to achieving this integration can be overcome

Mr. Ranveer Goswami, the current CEO retired from the organization and everyone bid him a very emotional farewell. He was a people’s leader and the team was going to certainly miss him. The young CEO Ms. Riya Talwar who was going to take his position had a tall task ahead of her. She was eager to implement the ideas she had in mind to expand the organization and was one focused leader, doing everything in her capacity to lead the organization to greater success. a. Ms. Riya did not get the welcome or support she expected from the team. Her plans were not implemented with the same vigour that she had imagined? Which common organizational pitfalls in leadership are described in this scenario? (5 Marks) b. Correlating it to the above situation, explain how emotional intelligence would help the new CEO get the support she expects from her employees? (5 Marks)