Friday 18 December 2015

MBA - SEMESTER - 4 - OPERATION MANAGEMENT - FALL - 2015

PROGRAM  - MBA
SUBJECT CODE & NAME  OM 0015 – MAINTENANCE MANAGEMENT


1.   Write short notes on :
(i)  Need for maintenance management
(ii)  Maintenance resources
(iii)  Decentralised maintenance
(iv)  Reliability Centred Maintenance

(i)  Need for maintenance management  : The main purpose of maintenance management is  to ensure that business activities of an organisation  go unhindered.  In an organisation, the following are  the  factors  that  necessitate  a  well-defined  and  efficient  maintenance management system to be in place:
·         Long-term continuity and survival of business
·         Effective and efficient utilisation of organisational resources
·         Improving the lifespan of plant and technology
·         Prevention of equipment failure
·         Reduction in downtime
                                                                                 
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(ii)  Maintenance resources : Maintenance resources are the means that directly or indirectly contribute to the  maintenance  of  machines  and  equipment  so  as  to  ensure  that  core business  operations  run  without  any  obstructions.  These  resources  may include  infrastructure,  personnel,  tools  and  techniques,  and  processes required to perform maintenance operations.

                                           
                                                                            
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(iii)  Decentralised maintenance : Decentralised  maintenance:  According to Fayol, "Everything that goes to increase the importance of the subordinate's role is called decentralisation." Decentralisation  refers  to  the  distribution  of  power  and  authority  among different  individuals  of  an  organisation.  Similarly,  in  decentralised maintenance, all maintenance functions are reported to the respective area, unit, or departments. Below figure  shows  the  example  of  decentralised  maintenance  in  an                                                              
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(iv)  Reliability Centred Maintenance

Reliability Centred Maintenance (RCM), also known as  asset maintenance, is a process in which assets are maintained so they can be available for use throughout  the  production  process.  Please  note  here  assets  mean machines and equipment. 

The aim of using RCM is to identify the modes of failures and their impact on assets. The primary requirement for proper analysis of failure modes is to  acquire  complete  knowledge  of  operations  and                                                                                          
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2.   Optimising Maintenance at XYZ Electricals

What are the problems at XYZ Electricals? Which was adopted to overcome the problems? Assess if the solution is effective in resolving the problem.

Answer:

List of problems at XYZ

XYZ Electricals is one of the leading manufacturers of electrical utilities. The organisation is well known for delivering quality products to consumers. It has adopted A preventive maintenance (PM) approach for the maintenance of its machines and equipment. However, in the last few months, the organisation has observed an increase in:
o   Maintenance costs
o   Facility downtime
o   Frequent failures of components

Reason behind the problems

After thorough analysis, it has been found that the main cause behind all the problems is the excessive use of preventive maintenance. The organisation also realized that it must adopt a maintenance process                                                                                   
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3.  Write short notes on:
(i)  Production philosophy
(ii)  Mean Time to Repair
(iii)  Maintenance documentation
(iv)  Online or permanent condition monitoring


(i)  Production philosophy  : A production philosophy varies across different organisations depending on their  requirements,  business  model, and  the nature  and  size  of  business. However, the common focus area of any production philosophy is to deliver products  to  customers  with  the  required  quality and  within  the  given  time while  maintaining  efficient  production  and  low  cost.  In  the  words  of Waldemar  Karwowski,  (Professor,  University  of  Central  Florida,  USA.),“A production philosophy                                                        
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(ii)  Mean Time to Repair : Mean  Time  to  Repair  (MTTR):  It  is  the  expected  time  for  restoring machines  and  equipment  back  to  their  working  condition.  If  a  service  is donated by u, then the MTTR is the inverse of  the service rate, i.e. 1/u. It acts as a measure of the maintainability of machines and equipment.

                                                                                     
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(iii)  Maintenance documentation  : Maintenance  documentation  is  all  about  recording  information  about machines  and  equipment  and  the  maintenance  procedures  performed  on these machines and equipment in the form of records, catalogues, manuals, or files. The following are the main benefits of maintenance documentation:
•             Documentation  transforms  maintenance  processes  from  persondependent  to  system-dependent.  This  implies  that  the  knowledge required for installation, maintenance,  and use of machines is recorded in documents and can be accessed by all.
                                                                                     
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(iv)  Online or permanent condition monitoring : In  online  monitoring,  the condition  of  machines  is  monitored  and  recorded  continuously  at  defined points  and  compared  simultaneously  with  the  acceptable  levels  of variations.  For  example,  machines  that  are  critical  for  production  can  be monitored using online monitoring to detect the probable defects and  make on-time corrections.  The                                                   
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4.  Which are the common tasks performed in maintenance management?

Common tasks in preventive maintenance

Preventive maintenance is a complex process, thus includes a number of tasks.  These tasks are performed in a systematic manner and as per the predefined  schedule.  Tasks  performed  in  preventive  maintenance  vary across  organisations  depending  on  plant  requirements,  organisation’s
budget, etc.  However, there are some common  tasks  that are performed  in preventive maintenance,                  
                                                                  
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5.  What are the benefits and issues related to predictive maintenance?

Predictive  maintenance  has  gained  importance  in  several  industries  as  it has  proved  to  be  an  essential  tool  in  fault  detection  during  early  stages; thereby  reducing unscheduled downtime  and increasing  productivity.  Apart from this, predictive maintenance has  various advantages. Some of these advantages are as below:
·         Advanced knowledge of impending failure
·         Effective production scheduling
·         Root cause analysis
·         Cost effectiveness
Advanced  knowledge  of  impending  failure:  Data  collected  through predictive  maintenance  provides  organisations  an  access  to  advanced knowledge of potential failures and  the failures                                                  
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6.  Write short notes on
(i)  Structure of maintenance budget
(ii)  Role of maintenance auditor
(iii)  Codification of spare parts
(iv)  Types of maintenance benchmarking

(i)  Structure of maintenance budget  : Every department in an organisation follows a particular structure to present its maintenance  budget.  A maintenance budget represents an incremental cost  statement  over  a  fixed  period  of  time.  The  maintenance  budget structure  should  be  flexible  and  dynamic  so  that  changes  can  be incorporated periodically.  Moreover, it should have adequate information so that it can be used for various purposes, such as:

                                                                                     
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(ii)  Role of maintenance auditor : A maintenance auditor plays a vital role in conducting the audit process in an  organisation.  He/she  is  responsible  for  ensuring  the  success  of maintenance  audit.  For  that,  he  should  have  complete  knowledge  of  the auditing process and procedures and should be unbiased while performing the audit. The following are the main functions of a maintenance auditor:

                                                                                     
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(iii)  Codification of spare parts : A  single  machine  or  equipment  may  require  several  spare  parts  for restoration at the time of failure. It is often cumbersome and time consuming for  maintenance  personnel  to  identify  the  required  spare  parts  from  the entire stock. Apart from this,  at the time of purchasing new  spare parts, an organisation  should  have clear specifications of the spare parts.            

                                                                  
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(iv)  Types of maintenance benchmarking

•                                                                      Internal  maintenance  benchmarking:  It  is  a  process  of  evaluating  the performance of an organisation’s maintenance system (or function) by using various  internal  parameters  or  benchmarks,  such  as  machine  downtimes and frequency of failures. This type of benchmarking can be performed on a weekly,  bi-weekly,  or  monthly  basis.  Internal  benchmarking  can  only  be performed for machines and equipment  that are stable in nature and do not require  frequent  replacements.  It  helps  in                                                    
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PROGRAM  - MBA
SUBJECT CODE & NAME  OM 0016 – QUALITY MANAGEMENT

1.   Answer the following questions:
a.  What is the need for quality management?
b.  What are the advantages of ISO 9000 standards?
c.  What is the structure of Quality Management System (QMS)?
d.  Explain any four attributes of a quality leader.

a.  Reasons for need for quality management  from  the  point  of  view  of an organisation, seller or manufacturer

Managing quality is very essential  to get competitive advantage in  todays’ highly competitive environment. This is because,  if a customer does not  get the  required  quality  of  products,  he/she  tends  to  switch  to  other  brands. Therefore, it is important for every organisation to better manage the quality of products and services.  From the perspective of an organisation, seller or manufacturer,                                                          
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b.  List  the  advantages  of  ISO  9000 standards

ISO  has  contributed  to  the  improvement  of  quality  in  all  spheres  of  life through  the  release  of  ISO  9000  standards.  The  following  are  the advantages of the ISO 9000 standards:

•             Provides a knowhow for establishing a quality management system that results in the improvement of the bottom line for businesses.
•             Many  large  organisations  rely  on  the  ISO  9000  certification  of  their suppliers  to  prove  their  competence,  thus  making  them  eligible  for participating in tendering processes.



                                                                                     
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c.  Explain the three levels of QMS

Level 1  –  Quality  manual:  The first level  of  the structure of  a  QMS is  the Quality Manual. The key element included in the making of a quality manual is the structure of the organisation (organisation  charts defining hierarchies and  responsibilities).  The  quality  manual  is  created  to  identify  the documents and their structure required for standardisation.

                                                                                     
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d.  Description  of  any  four  attributes  of  a quality leader
•             A quality leader is one who believes in others and therefore,  recognisesthe value of his\her  followers. A quality leader must communicate with the  team  in  the  most  amiable  manner  and  also  share  his\her experiences with them and encourage them.
•                                                                      A quality leader is known by his\her team. A team trusts the leader when the  leader  shares  information  with  all  the  members.  A  quality  leader takes the team along with him\her and works for                                                                                      
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2.   Write short notes on:
(i)  QS 9000
(ii)  Attaining quality culture through employees
(iii)  Importance of quality control
(iv)  Double sampling plan

(i)  QS 9000 : QS  9000  was  developed  in  1994  for  the  automotive  industry  to  provide requirements  for  the  quality  systems  on  the  basis  of  the  needs  of  the automotive  sector.  The  requirements  were  developed  by  Chrysler,  Ford, General Motors and other major truck manufacturers. The use of QS 9000 in  the  automotive industry has led to the elimination of demands and waste due to redundancy in the  systems being followed. Companies following QS 9000  are  considered  to  offer                                                              
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(ii)  Attaining quality culture through employees : Business leaders  in the present  agree that the only way to survive in our competitive  world  is  by  obtaining  full  customer  satisfaction  through  the consistent  delivery  of  high  quality  products  and  services.  The  most challenging task for an organisation  is to achieve customer  satisfaction  and then  retain  it.  To  achieve  these  goals,  organisations  undergo  various changes like opting for downsizing or mergers.  

                                                                                     
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(iii)  Importance of quality control : The  survival  of  any  organisation  is  solely  dependent  on  customers’ satisfaction  and  quality  is  something  that  a  customer  always  seeks  in products. Therefore, quality is a way to achieve customers’ satisfaction. The importance of quality control can be understood in the following points:
                                                                                     
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 (iv)  Double sampling plan : Double  sampling:  Double sampling  requires  sampling the lot  again  if the results  of  the  first  sampling  are  inconclusive.  The  procedure  of  double sampling plan is as follows:

1.  Collect a random sample from the lot for inspection
2.  Inspect the sample for the required quality characteristics
3.  Accept the lot if the number of defects in the sample  is  equal or less than the number set in parameters say C1
4.  Reject the lot if the number of defects in the sample  is  more than the number set in parameters say                                                                                    
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3.  Forces of change are the factors that drive or stimulate the need for a change in an organisation. Some of these are external, arising from outside the organisation whereas others are internal, arising from sources within the organisation. Discuss the external and internal forces of change.

External forces of change

External forces of change: These forces from outside the organization stimulate  the  need  for  change  in  an  organisation.  Unlike  the  internal forces of change, the external forces cannot be controlled from within an  organisation.  However,  access  to  external  information  can  help organisations to implement changes well on time and effectively. These forces account for global effects  that  might require an organisation to evaluate its business and business processes. Broadly, external forces of                                                                
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4. “Six Sigma In Healthcare
Published: Jun 12 2004, 00:00 IST
Written by Mr. Gopal Kulkarni, Master Black Belt - Six Sigma and Founder & Managing Director, Synagoge Knowledge Services
Source: Kulkarni Gopal. http://www.financialexpress.com/news/six-sigma-inhealthcare/107164/0

Question:
From the above articles evaluate how six sigma can aid enhance healthcare.

Answer:

Areas where six sigma can be applied in health care

Six Sigma is a powerful problem solving technique that helps in reducing variation in any process by using powerful statistical tools for analysis. Six sigma has been successfully used  by  various  organizations  as  an  enabler  for  business  strategies  leading  to  huge additions in their yearly turnover and at the same time improving customer satisfaction by quantum leaps. This article describes how this methodology can be used in hospitals to enhance customer care activities and reduce wastage                       

                                                                  
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5.  Elaborate on Quality Function Deployment (QFD).

Quality  Function Deployment  (QFD)

Quality  Function Deployment  (QFD) is a systematic approach used by the development team to identify customers’ requirements and  define them  for making  products  that  satisfy  customers’  needs. 

To facilitate QFD, there are many elements that are required to be present. The most important of them are as follows:

·         Strong commitment towards QFD by the management
·         Setting up of clear goals of QFD
·         Adoption of the cross-functional team approach
·         Establishing training programmes to educate team members about QFD with the help of a well-skilled facilitator
                                                                                 
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6.  a.  Explain the different modes of failures.
b.  What is terotechnology?
c.  What are reasons for using gap models?
d.  Explain the types of Knowledge Support System (KSS).

a.  Outline the THREE modes of failures

Modes of failure
Failure in an item  or product  occurs when it ceases to operate.  In oder  to take the appropriate corrective actions to rectify the failures, it is essential to understand the  different  modes of failure. Mode of failure  simply refers to the way a system failure occurs. There are three modes of failure, as below:

Catastrophic failure:  A  catastrophic failure is said to  have occurred when an  operating  system  that  is functioning normally  comes  to  a  sudden  halt. Such failures are unplanned and occur at random. By                                                                                    
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b.  Define terotechnology, list the tasks it performs and who uses it and why

Terotechnology

Terotechnology is considered as another word for total maintenance. This concept  grew  in  1970s  in  the  UK  by  the  department  of  Industry  while conducting maintenance practices. The word terotechnology has originated from the Greek word: Tereian, which means to look after or to take care of. Terotechnology  is  defined  as  the  process  of  maintaining  assets  in  an optimal  manner.  In  other  words,  it  is  a   combination  of  management, financial, human resource, marketing and engineering                                                     
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c.  List the reasons for using gap models

Gap models are used:
·         To understand the factors that satisfy/dissatisfy customers
·         To measure the differences between delivery end expected quality
·         To  know  if  the  organisation  is  falling  behind  or  exceeding  customer requirements
                                                                                
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·          
d.  Explain the TWO types of KSS

The types of KSS are explained as follows:

Manual  support systems:  These systems  provide all types  of support in decision  making;  however,  ultimate  decision  is  based  on  the  user’s rationale.  After  acquiring  the  available  knowledge,  the  user  can  take decisions more efficiently.

Intelligent  systems:  These systems help users  in  taking  decisions based on a rational approach developed through the  knowledge it contains. These are  called  intelligent  support  systems.  The                                                      
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PROGRAM  - MBA
SUBJECT CODE & NAME  OM 0017 – ADVANCED PRODUCTION PLANNING AND CONTROL


1   a.  What is the importance of production planning and control?
b.  What factors affect inventory planning and control?
c.  What is the difference between batch and mass production?


a.  List the importance of production planning and control

Production planning and control  is important for an organisation in different ways. Let us discuss its importance:

·         Reduces  cost  of  production  by  minimizing  wastage  of  material  and economic utilization of resources
·         Leads to lower investment by means of efficient and balanced utilization of resources
·         Promotes employee morale by avoiding all types of bottlenecks
                                                                                   
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b.  Discuss the three factors that affect inventory planning and control

Three factors that affect inventory planning and control are as follows:

Product  type:  The  type  of  the  product  affects  the  inventory  planning  as every  product  does  not  have  similar  shelf  life.  Therefore,  different procedures  and  arrangements  would  be  required  for  different  types  of products. For example products such as perishable food cannot be stored in a similar  way as the apparels and cosmetics  are  stored.  The products with the expiry dates are often managed                                                          
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c.  List the differences between batch and mass production

Following  are some of the differences  between  mass production and batch production:

·         Mass production has the product layout while batch production has the process layout.
·         In mass production,  the quantity of the product is huge,  while in batch production, batch sizes are often small but have a variety of products.
·         Mass production makes use of specialised  machineries,  while in batch production, general machines are used.
                                                                                   
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2.   What is a master schedule? Explain.

Define master schedule

Master  schedule  is  the  presentation  of  the  production  schedule  at  the summary level, depicting various key elements, resulting from the process of master scheduling.  In simple words, it can also be said that the master schedule  is  a  plan  or  format  that  integrates  and  relates  other  production processes such as demand management, inventory planning and capacity planning.

                                                                                     
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3.  What are the different types of planning and scheduling tools? Explain.

Different types of planning and scheduling tools are as follows:

1.  Turnkey or off-the-shelf solutions
2.  Custom systems
3.  Excel and visual basic tools

1.  Turnkey or off-the-shelf solutions

Turnkey  or  off-the-shelf  solutions  are  ready-made  solutions  that  a manufacturer can use without spending any time in  their  customisation or development.  It takes a lot of time for  planning and scheduling  tools to be customised if a manufacturer wants to develop it from the beginning.  After the  vendor is approached,  a  lot of time is required to understand, conceive and  implement  the  actual                                                       
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4.  a.  What are the pillars of lean production?
b.  What  factors  should  be  considered  while  implementing  a  production  planning and control system?


a.  Two pillars of lean production

The foundation of lean production stands on  just-in-time and Jidoka, whichare referred as the two pillars of lean production. Both these pillars provide the basis for  lean production by  providing  some important concepts in lean production  such  as  pull  system,  3  Ms,  5S,  fail  proofing  system,  etc.  The
pillars have been shown in below                                             
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b.  List  the  factors  that  help  in  the successful implementation a production planning and control system

Development  of  an  education  plan:  After  the  production  system  is selected  and  designed,  it  is  essential  to  educate  the  employees  and  the organisation  about  the design. This exercise helps in  better implementation of the system,  because this way,  employees also feel involved and actively participate  in  the  implementation.  Different  types  of  training  and  induction programmes  can  be  conducted  to  educate  everyone  about  the  system which  is  going  to  be  implemented.  These                                                            
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5. Case Study: Planning and Scheduling at John Smith Pvt .Ltd

Question
What is main issue in the case study? Evaluate why this issue was caused and provide a solution to resolve it.


Ans:

Describe the main issue in the case study

Mr.Max  was hired  as the new  planner  for  the  organisation  on the basis  of  his  qualifications  and  experience.  After  Mr.  Max  completed  1  year,  theorganisation observed dissatisfaction

Among  its  employees.  The  reason  was  that  employees  were  not  happy  with  the  way production was carried out. There  was too much pressure  on  employees,  and Mr.  Maxwas accepting more orders than the workers could manage.


                                                                                     
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6.  Write short notes on:
(i)  Cost centre
(ii)  Objectives of sales and operations planning
(iii)  Bills of Distribution (BOD)
(iv)  Advanced scheduling

(i)  Cost centre

According to the Chartered Institute of Management Accountants, London, a cost centre  is“a location, person, or item of equipment (or a group of these) for  which  costs  may  be  ascertained  and  used  for  the  purpose  of  cost control.”

In simple words,  a cost centre can be  defined as a machine, a department, a person,  or  a  group of persons  for which the cost is ascertained.  A cost centre  helps  in  controlling  cost  by  artificially                 

                                                                  
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(ii)  Objectives of sales and operations planning

Sales  and  Operation  Planning  are  a  wider  concept  in  organisational planning,  because  it  aggregates  two  types  of  planning,namely  sales  and operations.  It  serves  different  objectives  in  a  manufacturing  organisation, which is as follows:

To  minimise costs and maximise profits:  If reducing costs do not affect the customer demand, then minimising the costs can increase the profit. To  increase  delivery  services  to  customers  or  making                                                                                           
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(iii)  Bills of Distribution (BOD)

In  DRP,  Bills  of  Distribution  (BOD)  utilise  the  concept  of  Bill  of  Materials (BOM)  in  MRP.  BOD  links  supplying  and  satellite  warehouses  together.

These  warehouses  play  an  important  role  in  DRP  because  of  being responsible  for  the  storage  and  movement  of  distribution  material  as  and when required by  the organisation.  The supplying warehouse is referred as a  parent warehouse and satellite warehouses are referred as components.
                                           


                                                                            
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(iv)  Advanced scheduling

Advanced scheduling in APS is done to prepare the list of the operations, in terms of which the operation is to be worked on, at which work centre and at what  time.  Input  of  advanced  scheduling  includes  all  the  demands  that needs  to  be  met  and  additional  orders  added  during  advanced  planning.

                                                                                     
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PROGRAM  - MBA
SUBJECT  CODE  & NAME - OM0018– TECHNOLOGY MANAGEMENT


1.  a.  Explain Technology Management at various levels
b.  Discuss briefly about strategic technology management.

a.  Explaining Technology Management in 3 levels

1.  Technology management at national level

At  the  national  level,  technology  management  plays  a  crucial  role  in  the overall  economic  development  of  a  nation.  For  example,  developed countries, such as the USA and the UK,  have effective technology policies, and  the  government  in  these  countries  plays  proactive  roles  in  the
development  and  acquisition  of  technology.  Naturally,  business organisations  in  these  countries                                                                                
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b.  Explaining strategic technology management

Strategic Technology Management System (STMS)

STMS is a long-term approach that emphasises  systematic management of technology.  STMS  recognises  the  life  cycle  of  technology  from  birth  to decline. STMS involves the following stages:

1.  Technology  Creation:  Involves  development  and  creation  of  new technology. The activities involved in this stage are:
                                           


                                                                            
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2.  a.  Write about the changing trends in the industry
b.  Explain the methods for Strategic Analysis and Decision Making


a.  Write  about  the  changing  trends  in  the industry

The following table shows the changing trends in the industry:

Factor
Traditional 
New Trends
1.  Technology life cycle
Long life cycle
Short life cycle
2.  Innovations
Less number of innovations
Continuous innovations
3.  Competition
Less competition, no cooperation
High competition, emergence of an alliance with the competitors
4.  Market
Predictable and local market
Unpredictable and global market
5.  Production
Mass production and large lot production
Customised production and small lot productions

                                                                                     
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b.  Explaining the three methods for strategic analysis and decision making

The approaches to strategic decision making are discussed as follows:

Intuitive decision making: This implies the use of common sense to make decisions. It can be an inner sense or voice of a manager that supports the decision-making  process.  Intuitive  decision  making  might  involve  creative thinking  to  obtain  alternate  solutions  to  a  problem.  For  example,  the decisions taken by managers on the basis of  their previous  experiences in similar situations are intuitive                                                   
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3. a.  Explain about the concept of strategic planning
b.  Describe the concept of technology maps.
c.  What is technology forecasting?

a.  Explaining the concept of strategic planning

The process, which defines the strategy and direction of an organisation, is known  as  strategic  planning.  It  makes  decision  on  resource  allocation  of capital and people to monitor the defined strategy. Strategic planning can be understood as the overall planning that helps in the effective management of any process. It provides a clear image of what you are doing and where are  you  going  as  an  organisation.  It  also  assists  the  organisation  in understanding, what it wants to achieve and                                                          
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b.  Describing the concept of technology maps

In order to develop an effective technology  forecast, an organisation needs to be aware of   undergoing changes in the current technological scenario. It also  requires  environmental  scanning  to  identify  the  critical  emerging technologies.  Therefore, organisations need to develop technological maps to  navigate  through  the  existing  promising  technologies  and  identify  the future critical technologies.  Development of technology maps is required in the  macro/national  level  as  well  as  the                                                                        
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c.  Briefing on technology forecasting

Technology  forecasting  is  the  first  step  in  technology  planning.  In  simple words, forecasting refers to the technique of anticipating a future scenario. In  a  very  dynamic  market  scenario,  organisations  continuously  focus  on forecasting the technological trends in the future.
So why is technology forecasting needed in the first place? Analysing critical emerging technologies and                                                                                     
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4.  What is the impact of the technology change on the following:
a.  Organisational productivity
b.  Quality of work life

a. Impact of Technological Change on Organisational Productivity

Productivity  refers  to  the  amount  of  output  at  a  given  amount  of  input. Technological  change  is  part  of  the  fundamental  factors  that  can permanently improve organisational productivity. It is a  commonly accepted fact  that  better  tools  and  techniques  yield  more  output  at  lower  input.  In addition,  output  increases  when  manual  processes  are  replaced  by machines.  Therefore,  as  you                             

                                                         
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b. Impact of Technological Change on Quality of Work Life

Technological development has  significant  impact on the quality of work life of an individual. Change in technology is continuously replacing manual jobs by  machines.  Earlier,  most  organisational  activities  were  conducted manually. The extent of manual labour was the highest in the manufacturing industry.  In  such  working  conditions,  low  productivity  and  longer  working hours were the norm.

                                                                                     
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5.  Demonstrate Global Information System with neat diagram.


Global Information System

With  the  increasing  number  of  multinational  corporations  (MNCs)  and  the profits involved in international business, organisations required a system to manage profitable execution of business strategy. The idea of developing a global  information  system  (GIS)  aims  at  meeting  the  challenges  of international  business  so  that  a  profitable  running  can  be  made  possible. The demand of a global organisation is driven by the global demand pattern and  the  global  approach  of  the                                                                     

                                           
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6.  Explain the conceptual framework of Management of Technology with a neat diagram

The Conceptual Framework

MOT  creates  an  intersection  of  science,  management,  and  engineering disciplines.  The  traditional  fields  in  science  and  engineering  contribute  to scientific  and  technological  discoveries.  Similarly,  traditional  fields  in business administration also contribute to the management of enterprises, economics, finance, marketing, and public policy. MOT  links disciplines that focus  on  technology  development,  which  leads  to  the  creation  of  wealth. Below figure shows the conceptual framework                                                          
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