We are here with you hands in hands to facilitate your learning & don't appreciate the idea of copying or replicating solutions. Read More>>
ASSIGNMENT # 01
DUE DATE: 3RD DECEMBER, 2015
Textile industry is considered as the backbone of Pakistan industry, and it is
like the shining star of Pakistani industry in terms of eminence, value and
profitability. Moreover major portion of Pakistani exports are from the textile
related products. But in recent year’s investors and stakeholders are very much
concerned on the declining profitability of textile industry due to numerous
problems of our country like increased cost of raw materials used and drastic
power crisis. Despite of all these severe challenges rigorous competition is still prevailing among the major textile manufacturers of Pakistan.
Safa Textiles Limited (STL) Karachi is a well-known name in the textile
industry of the Pakistan. They have well-equipped stitching and home textile
division, where a vast range of home textile products are manufactured and
exported. STL has recently received a massive order of home textile fabrics
from Russia. Head of Operational Planning & Control department of the
company probed the management that the power shortages in the industrial
sector are hampering their manufacturing. So it was decided that in order to
complete the order within specified time working hours would be increased.
Management accepts his proposal and decides to go for long working hours to
complete order well before deadline. But employees were not cooperating
because they were having some reservations about this decision of top
management, and the result was in delay more problems for the management.
Keeping the above mentioned scenario in mind, you are required to answer
1. Identify the type of the perceptual bias that exists in this given situation
along with its main reasons? (Mark 5)
2. In your opinion, how management of Safa Textiles Limited (STL) can
tackle this situation? Mention at least two strategies. (Mark 5)
24 hours extra / grace period after the due date are usually available to
overcome uploading difficulties. This extra time should only be used to meet
the emergencies and above mentioned due dates should always be treated as
final to avoid any inconvenience.
IMPORTANT INSTRUCTIONS/ SOLUTION GUIDELINES/ SPECIAL
BE PRECISE AND PROVIDE LOGICAL REASONING OF YOUR SOLUTION.
AVOID USING BLOGS OR COPING FROM ANY OTHER SOURCE AS IT WILL
BE MARKED AS ZERO (0).
OTHER IMPORTANT INSTRUCTIONS:
Make sure to upload the solution file before the due date on VULMS.
Any submission made via email after the due date will not be accepted.
Use the font style “Times New Roman” or “Arial” and font size “12”.
It is advised to compose your document in MS-Word format.
You may also compose your assignment in Open Office format.
Use black and blue font colors only.
Use APA style for referencing and citation. For guidance search “APA
reference style” in Google and read various websites containing
information for better understanding or visit
RULES FOR MARKING
Please note that your assignment will not be graded or graded as Zero (0), if:
It is submitted after the due date.
The file you uploaded does not open or is corrupt.
It is in any format other than MS-Word or Open Office; e.g. Excel,
PowerPoint, PDF etc.
It is cheated or copied from other students, internet, books, journals etc.
Note related to load shedding: Please be proactive
As you know that Pre Mid-Term semester activities have started and
load shedding problem is also prevailing in our country. Keeping in
view the fact, you all are advised to post your activities as early as
possible without waiting for the due date. For your convenience;
activity schedule has already been uploaded on VULMS for the
current semester, therefore no excuse will be entertained after due
date of assignments, quizzes or GDBs.
.+ http://bit.ly/vucodes (Link for Assignments, GDBs & Online Quizzes Solution)
+ http://bit.ly/papersvu (Link for Past Papers, Solved MCQs, Short Notes & More)+ Click Here to Search (Looking For something at vustudents.ning.com?) + Click Here To Join (Our facebook study Group)
Please discuss here
why are members not taking interest in this course?
Did u get any answer?
Because members dont know what to o....
Please Discuss here about this assignment.Thanks
Our main purpose here discussion not just Solution
We are here with you hands in hands to facilitate your learning and do not appreciate the idea of copying or replicating solutions.
Plz someone discuss..In question 2, one strategy will be "incentive" ..other?
in my opinion u can increase the shifts, extra overtime, hire extra people on temporary bases
i need help in the first question , which type of bias is it?
and the main reasons
1) First Impressions -- We form them almost instantly.
2) Availability -- Things we easily recall are overestimated.
3) Selective Perception -- We see and hear what we expect to. We seek information consistent with our views.
4) Concrete Information -- We weigh more heavily things we experience directly or that are more vivid.
5) Data Presentation -- Information presented first or last is given more weight.
6) Inconsistency -- We believe we are more consistent than we actually are.
7) Law of Small Numbers -- Small samples are assumed valid. A few cases "prove the rule."
8) Complexity -- We tend to simplify, and have trouble handling complex information, especially under time pressure.
9) Gambler's Fallacy -- We tend not to understand the laws of random chance. We believe chances for rare events improve over time, when they don't actually change at all.
10) Negative Information -- We weigh negative information more heavily than positive. We tend to believe negative info.
11) Stereotypes -- We tend to over generalize and categorize.
15) Selective exposure
16) Frame of reference