Management Answers

In what ways can Bikanervala further professionalize the family business to make it fourth-generation

ready?

How would you define the professionalization of a family business? Has Bikanervala professionalized

over the years? In what way?

What are some immediate challenges that Bikanervala is facing at this stage? Do you think Bikanervala

needs to professionalize its business in order to meet these challenges? Why do you think Kedarnath

Agarwal is concerned about the importance of professionalization now?

How would you evaluate the stage of development of Bikanervala as a family business? What does this

imply for the major challenges that the family business faces at this stage?

What are the sources of competitive advantage of family businesses? What are the unique resources of

Bikanervala as a family business, and how do these translate into a competitive advantage?

  Critically compare the main features of ‘Scientific Management Theory’ and ‘Administrative Theory’ of Employment Relations? Discuss how their features contribute to the Unitary Theory of Employment Relations. Also discuss their similarities and differences. Give examples from any overseas country to support each of your main points

calculating break even point and margin of safety in both units and revenue for the two years 2018 and 2019 and briefly comment upon the results

Discuss how enterprise risk management has revolutionized e-commerce today        

Elaborate the term Elasticity of Supply and explain any three factors that determines

elasticity of supply

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?

b. Correlating it to the above situation, explain how emotional intelligence would help the

new CEO get the support she expects from her employees?