Innovation is a Continous Process..!!!

As always, in our POM class we learn things differently, the last session was no mere different. Well i would say it was  much more interesting than earlier ones. We were asked to watch a video of 3 monks ...

                                       

 I suggest to watch the video as it a story of 3 monks which teaches a lesson about responsibility in a humorous ways. 3 monks allowed personal pride to interfere with the performance of the daily tasks, each believing that the other two should be the ones to go to downhill and fetch water. When a fire breaks out, however, they understands how silly they have been and worked together to save the temple. Also when they worked together they came up with good ideas so as the minimal efforts were required to fetch the water from the downhill. This shows how working in a group increases the overall potential ability of an individual or an organisation or groups to be more successful or productive as a result of a merger.

Analyzing the various working methods : 

Event	Output [no of buckets carried]	Input [Worker energy unit]	Productivity  = Output / Input
Single Monk carrying two buckets	2	2	1
Two Monk carrying one bucket	1	0.5	2

From the table we conclude that when work is share the productivity increases. This is how in corporate world the work is distributed in a such a way that each individual put lesser effort but the overall productivity is high. 

If we consider the 3rd scenario in the story we can find that the Third Method was even much better than the second one where they make use of pulley to fetch the water .This shows how the innovation evolves and its not a one time process. 

If i try to map this example to my own experience in corporate world i would say that its almost similar what we learn in our world environment.

for eg : In my project initially we were asked to divide the work among ourselves since the deadline was far away and quantity of work was not that big. Our seniors like TL and TA didn't take any kind of work but distribute everything to the juniors. As a result there was a dissatisfaction among the juniors .Since they lack experience  the work amount which was looking quite less initially  increased tremendously on the juniors. As a result overall productivity goes down. So after one week when the work done was analysed it was merely 10% where as PM was expecting to be around 40%. Looking at the worse performance , PM himself delegates the work to each member with a deadline to meet. since the responsibilities were clear and the deadline, the tasks was automatically happen to be simpler than the previous case. Here the management plays an important role as in stating the each process and methods clearly to each individual to carry on. 

QUOTE : It is through co-operation rather than conflicts that your greatest success would be derived.

Thanks For Reading...!!!

GOAL Setting in an Organization...!!!

There are various goal setting strategies available from which  one or more than one an organization can adopt as per their management levels or as per their requirement need to fulfil their mission.

Some are as follows : 

1: SMART Goals

2:Pygmalion effect 

3:Planning -- Top to Bottom

4:POSDCORB

5:Organisation - Entity 

1:S.M.A.R.T Goals : The letters broadly conform to the words Specific, Measurable, Attainable, Realistic and Time-Bound.

Specific : Goals need to be specific. Try to answer the questions of how much and what kind with each goal you write.

Measurable : Goals must be stated in quantifiable terms, or otherwise they're only good intentions.

Attainable : Goals must provide a stretch that inspires people to aim higher. Goals must be achievable.

Realistic : Set goals you know you , your company and employess can realistically reach.

Time bounded : Goals must include a timeline of when your goal should be accomplished.

Typically accepted values of terms are:

Letter	Major term	Minor terms
S	Specific	Significant, stretching, simple
M	Measurable	Motivational, manageable, meaningful
A	Attainable	Appropriate, achievable, agreed, assignable, actionable, adjustable, ambitious, aligned, aspirational, acceptable, action-focused
R	Realistic	Result-based, results-oriented, resourced, resonant, relevant
T	Time-bound	Time-oriented, time framed, timed, time-based, time-specific, timetabled, time limited, trackable, tangible, timely

2: Pygmalion effect : It is the phenomenon in which the greater the expectation placed upon the people, the better they perform.

eg:  When teachers expect students to do well and show intellectual growth, they do; when teachers do not have such expectations, performance and growth are not so encouraged and may in fact be discouraged in a variety of ways.

3: Top to Bottom : In this Strategy goals are set hierarchically. First Goals will be set for the Top Management and then each Top management level will set goals for their respective unit goals such that they can fulfill their goals. Now each Unit head will set the goals for each employee in their unit.

4: POSDCORB : It is an acronym widely used in management. The acronym stands for steps in the administrative process: Planning, Organizing, Staffing, Directing, Coordinating, Reporting and Budgeting.

5: Organizational - Entity : 

The whole Organizations is look as formed by various entities. Each entity has its own contribution and significance towards the organisation. The goals are formed keeping in mind each such entities which would help organisation to achieve its main goal.

Work on the theory of goal-setting suggests that an effective tool for making progress is ensure that participants in a group with a common goal are clearly aware of what is expected from them. On a personal level, setting goals helps people work towards their own objectives - most commonly with financial or a career based goals. Goal setting features as a major component of personal as well as business development. 

QUOTE : WHAT KEEPS ME GOING IS GOALS -- MUHAMMED ALI

Thanks for Reading...!!! :)