Positive Discipline
30 Apr 2011 Leave a Comment
in Positive Discipline Tags: abide, arise, attempt, back, Behavior, company, convince, create, disciplinary, Discipline, emphasize, employee, good, help, individual, integrate, management, Performance, positive, problem, process, promptly, punitive, reinforce, respond, simultaneous, standard, system, track, undesirable, verbal, warning, work, written
Positive discipline attempts to integrate the disciplinary process with the performance management system. When problems arise, rather than promptly responding with a written verbal warning (punitive), positive discipline attempts to get the employee back on track by helping to convince the individual to abide by company performance standards. That is, in using positive discipline, attempts are made to reinforce the good work behaviors of the employee, while simultaneously emphasizing to the employee the problems created by the undesirable performance.
My Consultancy–Asif J. Mir - Management Consultant–transforms organizations where people have the freedom to be creative, a place that brings out the best in everybody–an open, fair place where people have a sense that what they do matters. For details please visit www.asifjmir.com, and my Lectures.
Benefits of Quality Function Deployment
30 Apr 2011 Leave a Comment
in Benefits of Quality Function Deployment Tags: according, act, application, base, benefit, change, communication, compare, competitor, consciousness, correctness, create, Customer, depend, deployment, design, detail, enable, encourage, first, focus, function, future, idea, identify, importance, interface, introduction, item, knowledge, level, limit, main, management, member, need, opportunity, prevail, prioritize, problem, process, Product, Quality, recognize, Redesign, reduce, requirement, saving, spirit, starting, step, success, team, teamwork, time, tool, vital, want
Focus on Customer
- Focus mainly on customer needs and wants.
- Compare their product with competitors.
- Prioritize according to customer’s level of importance.
- Identify the vital item to be acted upon.
Time Saving
- Enables to change the design in the starting itself.
- Limits the problems after introduction of the product.
- Gives opportunities for future applications.
- Reduce the time for redesigning since all changes are made in first step itself.
Encourages teamwork
- Based on everyone’ ideas
- Creates communication at interfaces.
- Team members are recognized.
Success depends on:
- Quality consciousness of each member.
- Prevailing team spirit.
- Correctness of customer requirements.
- Knowledge of members on management tools.
- Knowledge of members on process details.
My Consultancy–Asif J. Mir - Management Consultant–transforms organizations where people have the freedom to be creative, a place that brings out the best in everybody–an open, fair place where people have a sense that what they do matters. For details please visit www.asifjmir.com, and my Lectures.
Theory of Foreign Direct Investment
29 Apr 2011 Leave a Comment
in Theory of Foreign Direct Investment Tags: advantage, Competition, demonstrate, develop, direct, FDI, foreign, industry, investment, largely, modern, Monopolistic, near-perfect, occur, oligopolistic, operate, Stephen Hymer, theory
Monopolistic advantage theory was developed by Stephen Hymer, the modern monopolistic advantage theory demonstrates that foreign direct investment occurs largely in oligopolistic industries rather than in industries operating under near-perfect competition.
My Consultancy–Asif J. Mir - Management Consultant–transforms organizations where people have the freedom to be creative, a place that brings out the best in everybody–an open, fair place where people have a sense that what they do matters. For details please visit www.asifjmir.com, and my Lectures.
Required Organizational Performance
28 Apr 2011 Leave a Comment
in Required Organizational Performance Tags: achieve, active, afford, attach, base, benefit, between, compete, Competition, condition, Customer, decision, define, degree, deliver, demonstrate, determine, different, duration, entrant, fierce, interplay, invest, level, link, markedly, market, marketplace, materialize, openness, Organization, Performance, period, Planning, predict, produce, project, reflect, required, result, return, scale, succeed, success, suggest, time, until, variable, wait
Required organizational performance demonstrates that the same levels of performance will produce markedly different levels of success for different organizations; and in return, that the same degree of success can be achieved by different organizations putting in different levels of performance.
Required organizational performance is based on the interplay between two key variables and suggests that by linking these two variables we can predict the level of performance that an organization must deliver to succeed.
- Duration of competition, defined as the period of time that an organization is actively planning for, that is to say the time they willing to wait until the benefits of their decisions start to materialize. Every decision that we make comes with an attached time scale – are we willing and can we afford to invest three years in a project, or do we want results within the next three months or even the next three days?
- Degree of competition, which reflects the openness of the marketplace to new entrants and how fiercely other organizations are competing for the same customers. The degree of competition is determined by the market conditions.
My Consultancy–Asif J. Mir - Management Consultant–transforms organizations where people have the freedom to be creative, a place that brings out the best in everybody–an open, fair place where people have a sense that what they do matters. For details please visit www.asifjmir.com, and my Lectures.
Pricing
26 Apr 2011 Leave a Comment
in Pricing Tags: activity, apparent, art, attract, Competition, competitor, cost, crucial, Customer, decision, demonstrate, dependent, despite, determinant, determine, direct, easy, effective, error, extent, fact, focus, function, fundamental, game, imitate, importance, indirectly, influence, large, least, loss, manager, Marketing, Mix, moment, nullify, Organization, part, partial, play, price, Pricing, profit, quantity, rare, recognize, relationship, remain, revenue, serve, simultaneously, single, sold, stake, strategist, strategy, total, truth, turn, type, understood, unit
Whether or not it is so recognized, pricing is one of the most crucial decision functions of a marketing manager. Pricing is an art, a game played for high stakes; for marketing strategists, it is the moment of truth. All of marketing comes to focus in the pricing decision. To a large extent, pricing decisions determine the types of customers and competitors an organization will attract. Likewise, a single pricing error can effectively nullify all other marketing-mix activities. Despite its importance, price rarely serves as the focus of marketing strategy, in part because it is the easiest marketing-mix activity for the competition to imitate.
It can be easily demonstrated that price is a direct determinant of profit (or loss). This fact is apparent from the fundamental relationship.
Profit = total revenue – total cost
Revenue is a direct result of unit price times quantity sold, and costs are indirectly influenced by quantity sold, which in turn is partially dependent on unit price. Hence, price simultaneously influences both revenues and costs.
Despite its importance, pricing remains on of the least understood marketing-mix activities.
My Consultancy–Asif J. Mir - Management Consultant–transforms organizations where people have the freedom to be creative, a place that brings out the best in everybody–an open, fair place where people have a sense that what they do matters. For details please visit www.asifjmir.com, and my Lectures.
Effective Brainstorming
24 Apr 2011 Leave a Comment
in Effective Brainstorming Tags: allow, atmosphere, brainstorming, choose, clear, define, discussion, effective, ensure, evaluate, evaluation, exercise, facilitator, finalize, generate, idea, keep, know, monitor, motivate, participant, participate, possible, problem, process, record, relax, rule, select, team, think, thought, Topic, type
- Choose the topic of discussion.
- Select a team for brainstorming.
- Choose a facilitator to monitor the process.
- Select the type of brainstorming exercise.
- Ensure everyone knows the rules.
- Define problem clearly.
- Give enough time for thought process.
- Ensure everyone participates.
- Keep a relaxed atmosphere.
- Generate as many ideas as possible.
- Motivate participants to think.
- Don’t allow discussion and evaluation.
- Every idea is to be recorded.
- Evaluate and finalize.
My Consultancy–Asif J. Mir - Management Consultant–transforms organizations where people have the freedom to be creative, a place that brings out the best in everybody–an open, fair place where people have a sense that what they do matters. For details please visit www.asifjmir.com, and my Lectures.
