Management Consulting/Research Methodology for Management Decisions and Advanced Strategic Management
sir please help...
1. A group of 11 students selected at random secured the grade points: 1.5, 2.2, 0.9, 1.3, 2.0, 1.6, 1.8, 1.5, 2.0, 1.2 and 1.7 (out of 3). Use the sign test to test the hypothesis that intelligence is a random function (with a median of 1.8) at 5% level of significance.
2.a) Identify the unique competencies of Ranbaxy Laboratories.
b) Discuss in detail the various modes of entry adopted by Ranbaxy.
QUESTION 1 ---NO EXPERTISE
Q2. a) Identify the unique competencies of Ranbaxy Laboratories.
Drive Results & Excellence Applies and inspires a results-driven approach, focuses on processes while delivering results; Drives accountability within team and areas of influence
Ownership & Accountability
Strategic Thinking Sees connections, patterns or trends in the information available; Understands key business drivers within Ranbaxy, the industry, market and customer segments and identifies links between situations and information to generate business opportunities
Collaboration & Trust Able to identify, build and maintain strong and sustainable partnerships with different stakeholders across teams, business units, functions and geographies to meet business objectivesCompetency Elements
Build Strong Network
Live by Values
Nurture Talent Committed for development of self and others; Offers frequent and constructive feedback; inspire team members to take higher responsibilities within the organization. Shares own knowledge and expertise to improve teams performance
Customer Centricity Reinforces the importance of being customer focused; encourages a culture that values customers; monitors and acts on feedback from customers; Focuses on delivering solutions that meet the needs of customers
Deliver Customer Value
Executive Effectiveness Understands and articulates information to customers, peers and managers; Able to win support, gain cooperation and overcome objections and barriers; Maintains calm, stable performance when under pressure or in a crisis
Impact & Influence
Resilience & Positivity
Leading Change Sets the change agenda, adapts & aligns efforts and resources towards organizational goals; Shows sensitivities towards diverse perspectives and culture while driving change
Respect for Diverse Perspective
Solution Orientation Takes action to promote or implement innovative ideas; Generate innovative solutions in work situations; try different and novel ways to deal with work problems and opportunities
Openness to New Ideas
Problem Solving & Decision Making
b) Discuss in detail the various modes of entry adopted by Ranbaxy. (Refer to the case study given in Block 3)
1.LOCAL DISTRIBUTORS IN INDIA.
Direct exports represent the most basic mode of exporting made by a (holding) company, capitalizing on economies of scale in production concentrated in the home country and affording better control over distribution.
3.Nonconforming purchasing agents
These are similar to confirming houses with the exception that they do not pay the suppliers directly payments take place between a supplier/manufacturer and a foreign buyer.
An international licensing agreement allows foreign firms, either exclusively or non-exclusively to manufacture a proprietors product for a fixed term in a specific market.
A strategic alliance is a type of cooperative agreements between different firms, such as shared research, formal joint ventures, or minority equity participation.