Download GTU (Gujarat Technological University) MBA (Master of Business Administration) 2019 Summer 1st Sem 1519304 Cross Continental Business Philosophy Previous Question Paper
Seat No.: ________ Enrolment No.___________
GUJARAT TECHNOLOGICAL UNIVERSITY
MBA (International Business) ? SEMESTER 1 ? EXAMINATION ? SUMMER 2019
Subject Code: 1519304 Date:13/05/2019
Subject Name: Cross Continental Business Philosophy
Time: 02:30 PM To 05:30 PM Total Marks: 70
Instructions:
1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.
Q.1 Definitions
(a) Ringiseido
(b) YVK
(c) Steps
(d) Niskam karma
(e) Four Purushartha
(f) Avoidance of Extremes
(g) ASABO
14
Q.2 (a)
Panch siddhant of Indian ethos are still applicable for individual, social,
and corporate. Explain it national and global context.
07
(b)
What is the free trade agreement? Explain the pros and cons.
07
OR
(b)
What was Hawthrone Experient? Briefly discuss the areas of Human
relations theory
07
Q.3 (a)
Explain the circle as Swastik of social disclosure.
07
(b)
Discuss the values in Consonance with the paradigms of development.
07
OR
Q.3 (a)
Foundation of Indian ethos are very strong. Explain major foundation
concept of Indian Ethos
07
(b)
Compare cultural values of east and west.
07
Q.4 (a)
Discuss the management philosophy with example and how its effect
management practices and Management effectiveness.
07
(b)
Majority of Russian economy is yet rely on natural resources. What are the
major challenges faced by Russian economy.
07
OR
Q.4 (a)
Religion, class, ethnicity & gender how they are affecting in Australia and
African culture.
07
(b)
Discuss the business development policy in New Zealand
07
Q.5
Case Study
Suffuciency Economy: in the last two decades Buddhism?s appeal has grown in the west,
drawing people seeking a calm not found in the fast-paced world of internet-driven
commerce and communications.
Bangkok, Thailaland-while Bhavana (Buddhist Meditation ), has become a form modern
psychotherapy and influence wastern lifestyles, is there anything in the religion?s 2,500-
year old teachings that could influence modern economics?
According to Thailand?s much revered King and lately members of the [new military]
government and a growing number of economists and grassroots development activists,
the answer is, yes, there is. They call it ?sufficiency Economics?, a team coined by King
Bhumibol Adulyadej in the midst of Thailnad?s economic meltdown in 1997. It
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Page 1 of 2
Seat No.: ________ Enrolment No.___________
GUJARAT TECHNOLOGICAL UNIVERSITY
MBA (International Business) ? SEMESTER 1 ? EXAMINATION ? SUMMER 2019
Subject Code: 1519304 Date:13/05/2019
Subject Name: Cross Continental Business Philosophy
Time: 02:30 PM To 05:30 PM Total Marks: 70
Instructions:
1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.
Q.1 Definitions
(a) Ringiseido
(b) YVK
(c) Steps
(d) Niskam karma
(e) Four Purushartha
(f) Avoidance of Extremes
(g) ASABO
14
Q.2 (a)
Panch siddhant of Indian ethos are still applicable for individual, social,
and corporate. Explain it national and global context.
07
(b)
What is the free trade agreement? Explain the pros and cons.
07
OR
(b)
What was Hawthrone Experient? Briefly discuss the areas of Human
relations theory
07
Q.3 (a)
Explain the circle as Swastik of social disclosure.
07
(b)
Discuss the values in Consonance with the paradigms of development.
07
OR
Q.3 (a)
Foundation of Indian ethos are very strong. Explain major foundation
concept of Indian Ethos
07
(b)
Compare cultural values of east and west.
07
Q.4 (a)
Discuss the management philosophy with example and how its effect
management practices and Management effectiveness.
07
(b)
Majority of Russian economy is yet rely on natural resources. What are the
major challenges faced by Russian economy.
07
OR
Q.4 (a)
Religion, class, ethnicity & gender how they are affecting in Australia and
African culture.
07
(b)
Discuss the business development policy in New Zealand
07
Q.5
Case Study
Suffuciency Economy: in the last two decades Buddhism?s appeal has grown in the west,
drawing people seeking a calm not found in the fast-paced world of internet-driven
commerce and communications.
Bangkok, Thailaland-while Bhavana (Buddhist Meditation ), has become a form modern
psychotherapy and influence wastern lifestyles, is there anything in the religion?s 2,500-
year old teachings that could influence modern economics?
According to Thailand?s much revered King and lately members of the [new military]
government and a growing number of economists and grassroots development activists,
the answer is, yes, there is. They call it ?sufficiency Economics?, a team coined by King
Bhumibol Adulyadej in the midst of Thailnad?s economic meltdown in 1997. It
Page 2 of 2
embraces the three pillars of Buddhism ? dana (giving), sila (morality) and bhavana
(meditation) and is based on the Buddhist principle of the ?Middle path? that is avoidance
of (extremes of greed).
The Thais have recently got a strong endorsement of this Buddist development strategy
from the united nation?s main development agency. In a report released in January, the
United Nations development Programme (UNDP) hailed Thailand?s new ?middle Path?
development model as a key to fighting poverty, coping with economic risk and
promoting corporate social responsibility?
For communities, sufficiency economics principles are fundamental to empowerment
and building resilience, such as setting up savings groups, revolving credit lines, and
local safety nets. For private business it means taking corporate responsibility to the next
level by using this approach as a guide to management and planning.
This approach encourages them to focus on sustainable profit, to adhere to an ethical
approach to business, to pay special attention to their employees, to respect nature to
have careful risk management, and to grow where possible from internal resources.? The
report explains. And for the third pillar, the government, the sufficiency economy is
central to alleviating poverty, promoting good governance, and guiding macroeconomic
policies to immunise against shocks. The UNDP report gives many examples of how the
sufficiency economy model has been implemented in many parts of Thailand,
encouraged by models set up under royal patronage across the country.
Once such example is of Chumphon Cabana resort, which shows that the benefits of
sufficiency approach are not just confined to the agriculture sector. In the crisis of 1997,
this resort on the east coast of peninsula suffered financial difficulties like so many other
businesses. In a separate attempt to stay afloat, the owner took inspiration from the
sufficiency approach.
As a start, she began to plant rice, vegetables, flowers and fruits trees on land within the
resort project. To improve the sandy land without the cost of chemicals she
experimented with making organic fertilizer from hotel waste and other materials.
She planted a local variety of rice and installed a rice mill. The husk was used in making
the fertilizer and for animal feed. As the resort?s land was not enough to supply all its
needs, she got the co-operation of surrounding village to supply the deficit, and also
helped train them in making fertilizer and other practices of organic farming. The
employees of the resort were especially encouraged to participate.
Next she invented a just in time system of supply by posting the following days?
requirements of various articles on the local school?s notice board. Local production
expanded beyond food to include various cleaning materials made from local materials.
As production increased, these articles were also supplied to other resorts in the area.
The resort benefited from low production costs and reliable supplies. Surrounding
farmers has a secure market and good prices because there were no middlemen.
Soon the resort gained a reputation with the result that other resort owners, farmers,
NGOs and Government officials came to learn ? which gave the employees a sense of
pride. As the owner concluded, ? I think this is a kind of development which makes
everybody happy.?
In a 1998 statement on the essence of the sufficiency Economics model, King Bhumibol
said:? Sufficiency is moderation. If one is moderate in one?s desires, one will take less
advantage of others. If all nations hold to this concept, without being extreme or
insatiable in one?s desires, the world will be happier place.
(a) In what way does the Chumphon Cabana resort illustrate the
Sufficiency Economy model?
07
(b) What is Buddist development strategy? Explain concept of Middle
path from case study.
07
OR
(a) Sufficiency is moderation. Explain 07
(b) Which characteristics of this model relate to Buddhism? 07
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This post was last modified on 19 February 2020