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...!!! :)

Craftsmanship VS Modern Management

In our second lecture we were introduced on a concept so called Modern management.

In Modern management we focused on more systematic process and roles of different levels in organization is very clear where the deciding factor lies in the top management level.

Craftsmanship	Modern Management
Top level management	Top level Management
Decision
Doing	Doing
Workforce	Workforce

The above table show that the key decision making was with workforce in craftsmanship while its not in the Modern Management.

To learn this concept , Mandi Sir ask us to give perform a case study where we have to build a tower of cubes. In this case study first open eyed person where ask  to build a tower using cubes and later on a blind folded person to do the same

task.

The person with open eyed here was showing the craftsmanship concept where he has to take his own decision when shall he needs to to stop and how he shall make the arrangements of blocks so that he can be able to build a tower as high as possible. He was able to make tower of 22 blocks.

Now, It was blind folded person's turn to build the tower using blocks. Even we were curious to see that the theory I just have explained in the introduction which was introduced to us by Mandi sir is correct or not. Many of us would have think that it is highly impossible for a blind folded person to build a tower more than 22 blocks. Even when Mandi sir asks us to bet upon the total no of blocks, the maximum block one had said was 15 blocks. But the actual result was way too different from our perception.

As you can see in the above picture , the blind folded person where able to build tower with more than 22 blocks . The tower he build was of 26 blocks. Apart from Mandi sir everyone were surprised because in this case to perform task there was 3 people:  CEO, Manager and Worker. CEO was the one who took the strategy decision and Manger who was making decisions with possible arrangements of blocks so as to build the tower. Worker do not have to make any decision but need to work as per the decision by their CEO and Manger.

It was because of the different levels in organisation which helps them to achieve their goals

Parameter	Craftsmanship	Modern Management
Work	Work Load increases since single person works	Work Load is shared
Skill	Increases since single person does all work	Skill decreases since work is share
Satisfaction	High	less
Productivity	Less	High

Quote: You have to dream before your dreams can come true.

Thanks for reading..!!! J

My First Blog : Thanks to NITIE

Learning is an important part of the human species. It is a factor which helps us to grow in every field of life. THAT’S WHY IT IS SO IMPORTANT FOR ALL OF US TO IMPROVE ON OUR LEARNING METHODS WHERE WE CAN EASILY ABLE TO GRASP THINGS. This is the reason why we are familiar with the concept LEARN WHILE YOU PLAY. As a PARENT or a TEACHER, you probably will find some interesting ways to teach your kids/students so that whatever ideas you want to seed into them gets it easily. This is what our Prof. T Prasad (Sir Mandi) wants us to learn from his first session. Since we are now in a  Management profile, he takes this idea to next level by saying…EARN WHILE YOU LEARN….: 

Soacho.. Becho !  Becho.. Seekho ! !   Seekho .. Soacho ! ! Behatar Padhai ke Liye... Kamai !Earning by Learning . & .Earning for Learning  !Aaj Ki roti...Aaj hee,  kamyaenghae  ! 

Anxiuos to see how the next lectures goes... keep looking into this blog for some useful management fundas..!!! :)  
This is how he starts session for our PRINCIPLES OF MANAGEMENT COURSE.

As the Session begins , we were ask to sit on the floor and even sir sat with us.We all had a very healthy interactions with Mandi sir. He share his rich experience of teaching in NITIE , his good memories in teaching, the most innovative batch he has seen and also about the MANDI- the concept where we , the students goes to street and sell various useful products on the street and get the real life experience of Marketing, Understanding customer behavior, Expectations from them and above all overall management.To Know more on MANDI visit here: http://www.youtube.com/watch?v=aGiqUouBn4EMTV campus diaries : https://www.youtube.com/watch?v=WuELGdxwBCgHe also shows us two toys which shows the concept of learn while you play which i have explained in the beginning.What i like about session is the practical approach Mandi sir has been brought up which is utmost require when you are part of the management course and the belief he has that  as we have put almost 20 lacs in our management programme which we can get it while we are learning . I am looking forward to learn a lot from this course which will help me to understand management prnciples in a more practical way rather than a theoritical way.
Quote:A Man can succeed at almost anything for which he has UNLIMITED ENTHUSIASM.
Thanks for reading !!! J