Marks Question No.2 (A) Efficiency and Effectiveness: 05
Marks Question No.2 (A) Efficiency and Effectiveness: 05
Marks Question No.2 (A) Efficiency and Effectiveness: 05
Question No.3
(a) Human Resource Manager Competencies: 05
Human resources managers need the knowledge, skills, and competencies to be:
Capability builders:
By creating a meaningful work environment and aligning strategy, culture, practices, and
behaviour.
Change champions:
By initiating and sustaining change.
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suggested answers provided on and made available through the ICMA Pakistan’s website may only be referred, relied upon or treated as general guidelines and NOT a substitute for professional advice. The ICMA Pakistan has
provided suggested answers on the basis of certain assumptions for general guidance of the students and there may be other possible answers/ solutions based on different assumptions and understanding. The ICMA Pakistan and its
Council Members, Examiners or Employees shall not be liable in respect of any damages, losses, claims and expenses arising out of using contents of these suggested answers. It is clarified that the ICMA Pakistan shall not be liable to
attend or receive any comments, observations or critiques related to the suggested answers.
SUGGESTED SOLUTIONS/ ANSWERS – FALL 2017 EXAMINATIONS 2 of 5
Question No.4
(a) Customer equity: 04
The ultimate aim of customer relationship management is to produce high customer equity.
Customer equity is the total combined customer lifetime values of all company’s current and
potential customers. As such, it’s a measure of the future value of company’s customer base.
Clearly, the more loyal the firm’s profitable customers, the higher its customer or equity. Customer
equity may be a better measure of a firm’s performance than current sales or market share.
Whereas sales and market share reflect the past, customer equity suggests the future.
DISCLAIMER: These suggested answers including write-ups, tables, charts, diagrams, graphs, figures etc., are uploaded for the use of ICMA Pakistan members, students and faculty members only. No part of it can be reproduced,
stored in a retrieval system or transmitted in any physical/ or electronic form or by any other means including electronic, mechanical, photocopying, recording or otherwise without prior written permission of the ICMA Pakistan. The
suggested answers provided on and made available through the ICMA Pakistan’s website may only be referred, relied upon or treated as general guidelines and NOT a substitute for professional advice. The ICMA Pakistan has
provided suggested answers on the basis of certain assumptions for general guidance of the students and there may be other possible answers/ solutions based on different assumptions and understanding. The ICMA Pakistan and its
Council Members, Examiners or Employees shall not be liable in respect of any damages, losses, claims and expenses arising out of using contents of these suggested answers. It is clarified that the ICMA Pakistan shall not be liable to
attend or receive any comments, observations or critiques related to the suggested answers.
SUGGESTED SOLUTIONS/ ANSWERS – FALL 2017 EXAMINATIONS 3 of 5
(d) 1. Product-Oriented 07
2. Market-Oriented
3. Product-Oriented
4. Market-Oriented
5. Product-Oriented
6. Product-Oriented
7. Product-Oriented
Question No.5
(a) Ethnocentrism is the tendency to judge other groups according to the standards, behaviours, and 07
customs of one’s own group. Given the automatic influence of one’s own culture, when people
compare their culture to others, they often conclude that their own is superior. Clearly, business
people who take these views are not likely to communicate successfully across cultures.
Stereotyping is assigning a wide range of general attributes to an individual on the basis of
membership in a particular culture or social group. It also results in distorted views of other cultures
or groups.
Those who want to show respect for others and to communicate effectively in business need to
adopt a more positive view point, in the form of cultural pluralism—the practice of accepting
multiple cultures on their own terms. When crossing cultural boundaries, you will be even more
effective if you move beyond simple acceptance and adapt your communication style to that of new
cultures you encounter—even integrating aspects of those cultures into your own. A few simple
ways to avoid ethnocentrism and stereotyping are as follows:
(i) Avoid assumptions:
Don’t assume that others will act the same way you do, use language and symbols the same
way you do, or even operate from the same values and beliefs.
DISCLAIMER: These suggested answers including write-ups, tables, charts, diagrams, graphs, figures etc., are uploaded for the use of ICMA Pakistan members, students and faculty members only. No part of it can be reproduced,
stored in a retrieval system or transmitted in any physical/ or electronic form or by any other means including electronic, mechanical, photocopying, recording or otherwise without prior written permission of the ICMA Pakistan. The
suggested answers provided on and made available through the ICMA Pakistan’s website may only be referred, relied upon or treated as general guidelines and NOT a substitute for professional advice. The ICMA Pakistan has
provided suggested answers on the basis of certain assumptions for general guidance of the students and there may be other possible answers/ solutions based on different assumptions and understanding. The ICMA Pakistan and its
Council Members, Examiners or Employees shall not be liable in respect of any damages, losses, claims and expenses arising out of using contents of these suggested answers. It is clarified that the ICMA Pakistan shall not be liable to
attend or receive any comments, observations or critiques related to the suggested answers.
SUGGESTED SOLUTIONS/ ANSWERS – FALL 2017 EXAMINATIONS 4 of 5
DISCLAIMER: These suggested answers including write-ups, tables, charts, diagrams, graphs, figures etc., are uploaded for the use of ICMA Pakistan members, students and faculty members only. No part of it can be reproduced,
stored in a retrieval system or transmitted in any physical/ or electronic form or by any other means including electronic, mechanical, photocopying, recording or otherwise without prior written permission of the ICMA Pakistan. The
suggested answers provided on and made available through the ICMA Pakistan’s website may only be referred, relied upon or treated as general guidelines and NOT a substitute for professional advice. The ICMA Pakistan has
provided suggested answers on the basis of certain assumptions for general guidance of the students and there may be other possible answers/ solutions based on different assumptions and understanding. The ICMA Pakistan and its
Council Members, Examiners or Employees shall not be liable in respect of any damages, losses, claims and expenses arising out of using contents of these suggested answers. It is clarified that the ICMA Pakistan shall not be liable to
attend or receive any comments, observations or critiques related to the suggested answers.
SUGGESTED SOLUTIONS/ ANSWERS – FALL 2017 EXAMINATIONS 5 of 5
Question No.7
(a) Unsolicited Business letter: 07
Unsolicited business letter are used for business proposals which are not being asked. No fixed
answer to this question can be framed. Various examinees would attempt the task differently.
However, the answer must include following information and requirement of the letter:
• Inside address
• Salutation
• Body
• Complimentary close
• Signature block