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How to answer TANCET MBA question on Analysis of Business Situations?
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Topic: How to answer TANCET MBA question on Analysis of Business Situations? (Read 1268 times)
Anubama
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How to answer TANCET MBA question on Analysis of Business Situations?
«
on:
September 19, 2010, 07:28:43 PM »
Hello Sir,
The TANCET guide section 1 has analysis of Business situation questions on a passage. How do you appraoch that question. Please explain.
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Re: How to answer TANCET MBA question on Analysis of Business Situations?
«
Reply #1 on:
September 19, 2010, 09:27:27 PM »
Re: How to answer TANCET MBA question on Analysis of Business Situations?
Well , you have to understand the concepts of
1.Major Objective
2.Major factor
3.Minor Factor
4.Major Assumption
5. Unimportant issue
in order to evaluate the passage and answer those questions following it.
The "marketing objectives
" state just where the company aims to be at some specific time in the future. James Quinn defined objectives in general as: Goals (or objectives) state
what is to be achieved
and when results are to be accomplished, but Goals are destinations—where you want your business to be. Objectives are progress markers along the way to goal achievement.
Major Factor
is the consideration For example Obama's recent taxation plan is a major factor to be considered by the outsourcing companies.
Another major factor influencing the choice of activities to be outsourced is obsolescence arising from the rapid changes in IT.
Minor Factor
less important consideration than a major consideration. For example outsourcing companies do not mind the cost of the service providers but for service providers cost is a major factor.
Major assumption
: is an assertion about some characteristic of the future that underlies the current operations or plans of an organization. For instance, if a networking infrastructure firm, projects 80% operating margins, investors will protest because investors can readily access the operating margins of publicly-traded networking infrastructure firms and find that none have operating margins this high.
Uninmportant Issue
is what everyone understands well. If you happen to be a white man
Wanting to do business in India, Vastu is an unimportant issue for you.
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