MGT611 Business & Labor Law Assignment No 02 Fall 2020 Solution / Discussion
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MGMT611 Assignments 2 Fall 2020 solution idea:
Elaborate two major strategies that can be used in order to choose a desired career in these challenging times? (Mark 5)
For the foreseeable future, many job interviews will be online. That means I need to ensure that I look professional and engaging on the video call. I also need to strive to create an emotional connection with the interviewer- not as easy to do on video as in person. The virtual presentation part is the biggest change, and a lot of people are not comfortable with that details likes how to position the camera, how to talk to the camera. Therefore first of all I will practice on this aspect.
Look for professional groups to join on face book and LinkedIn. Both platforms offer a wide range of options with groups for every profession. For instance, if you are looking for a job in marketing, you could join LinkedIn’s Global Marketing and communications professionals group. Join in the conversation, post comment and make yourself visible.
In post Corona scenario, describe five (5) logical measures that can be taken for a better career preparedness? (Mark 5).
1. Increase in Remote Working
A recent Gartner poll showed that 48% of employees will like work remotely at least part of the time after Covid-19 versus 30% before the pandemic. As organizations shift to more remote work operations, explore the critical competencies employees will need to collaborate digitally, and be prepared to adjust employee experience strategies. Consider whether and how to shift performance goal setting and employee evolutions for a remote context.
2. Map and Develop Employability Skills
Much of the emphasis graduate employers place on requirements is about behaviors or competencies, sometimes referred to as soft skill or employability skills. Use the mind mapping tools to build up your skills inventory, ready to use for applications. Use the skills audit to identify examples and to consider if there are any ways you could be developing specific skills more during the crisis. Even the process of having to stay at home has required you to adapt to using remote technology and learning virtually, given you opportunity to develop your ability to be flexible to change, be organized in how you use your time at home and change how you communicate with others.
3. Flexibility and Adaptability
Being flexible and adaptable is something we have all had to get used to over the last few months. But it’s also a crucial skill that every employer will be keeping an eye out for. While being flexible in work was once aligned with geographic mobility, it is now about having an open mindset, being able to work well under pressure, adjusting to new and unexpected deadlines, prioritizing tasks and in some instances on additional responsibilities.
4. Critical Thinking
In an era where navigating fake news and contrasting data is a daily struggle, its critical that you are able to think clearly and rationally as you objectively evaluate information in order to make informed decisions. Good critical thinkers ask questions that can help then dig a little deeper. Questions such as: “what is happening?” “Why is this important?” “Who is being affected?”
5. Creativity and innovation
While we have seen machines and digital technologies take on roles in analytics and business operations, human beings are still unique in being able to think outside the box. Creativity is not only associated with typically creative professions either it is essential across every industry and sector.
BUSINESS & LABOR LAWS (MGT611)
ASSIGNMENT # 02
Due Date: 2nd February, 2021 Marks: 20
Read the following cases and answer the questions given at end.
a) Munaf, a sole proprietor, engaged in the business of selling cooking oil to wholesalers agreed to admit Lari in his business on the following terms:
That Lari shall not bring any capital and shall not be liable for any losses of the firm. However, he shall be entitled to receive Rs. 150,000 on introducing any new client to the business, share 40% of the profits and have the right to exercise all the powers of a partner in the firm. Analyze the above situation and advise whether a partnership is constituted between Munaf and Lari under the provisions of the Partnership Act, 1932. (8 Marks)
b) Meher, Abid, Rani and Azra were partners in Abid Associates, a firm of town planners and consultants. Bari Builders supply goods to Abid Associates on credit. Abid died on 5 January 2015. Meher, Rani and Azra decided to continue the business in the old firm’s name. However, neither the surviving partners nor the representative of Abid gave public notice to this effect.
Due to insolvency of a major client, Abid Associates was facing difficulty in making payment to Bari Builders. When Bari Builders investigated the matter, they came to know about the death of Abid. They have now filed suits for the recovery of outstanding balance, severally against Abid’s estate and Meher, as the credit was extended on the faith of Abid and Meher. In view of the provisions of the Partnership Act, 1932 explain whether Bari Builders are justified in filing the above suits and would they succeed in recovering the outstanding amount under the above circumstances. (7 Marks)
c) Obaid, Raheel and Pervez were partners in a firm. On September 1, 2009 Pervez retired from the partnership. The remaining partners continued the business, with the property of the firm, without final settlement of accounts as between them and Pervez. In the light of the Partnership Act, 1932, describe the rights of Pervez, in the above circumstances. (5 Marks)
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