01 Dec 2013
by Asif J. Mir
in 21st Century Corporate Strategy
Tags: accept, allow, base, boundary, budget, category, control, determine, diagnostic, employee, ethic, example, face, Figure, gift, high, identify, important, include, integrative control involve, Interactive, manager, met, monitor, necessary, operate, Performance, policy, question, rule, set, standard, supplier, system, target, traditional
Traditional Control Systems are based on setting standards and then monitoring performance. These systems include three categories of controls: diagnostic controls, boundary systems and interactive controls.
- Diagnostic Control Systems (such as budgets) allow managers to determine whether important targets have been met and if necessary, to figure out why they haven’t been.
- Boundary Control Systems are policies that identify the boundaries within which employees are to operate. Ethical rule against accepting gifts from suppliers are an example.
- Integrative Control Systems involve controlling employees interactively, by questioning them face to face.
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.
25 Sep 2013
by Asif J. Mir
in 21st Century Corporate Strategy
Tags: agency, allot, allow, before, Behavior, Brand, buy, Consumer, deficiency, demonstration, depend, different, effective, example, feel, franchise, function, highlight, importance, major, method, notice, Open, option, outlet, pick, Product, promote, requirement, sale, satisfy, several, telemarketing, television, through, town, unable, understanding
The effectiveness of the different options would depend on the buying behavior. Telemarketing is an example that highlights the importance of understanding the buying behavior before allotting the functions. Several telemarketing agencies promote their products through television. However, the sales of those brands are not picking up as this method is unable to allow the consumers to feel the product or have a demonstration. Noticing this deficiency the telemarketing agencies open franchise outlets in major towns to satisfy this consumer requirements.
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.
08 Aug 2013
by Asif J. Mir
in 21st Century Corporate Strategy
Tags: able, account, actual, agreement, amount, around, best, borrow, borrowing, buy, card, cash, charge, condition, consideration, cost, cover, credit, deal, department, even, example, goods, high, important, insurance, interest, keep, lend, lender, life, long, look, low, mind, need, pay, rate, require, run, save, sell, Services, shop, store, term, thing, vary
Just as you shop around for the best deal when you are buying goods and services, you should shop around for the best buy in credit terms. Look for the lowest interest rates but keep in mind that you may be required to pay for other services too, such as life insurance to cover the amount you are borrowing. The cost of these services and other conditions of the lending agreement will vary from lender to lender.
Sometimes the cost of borrowing may not be the most important consideration. For example, even though the interest you pay on credit card or department store charge accounts is high, you may actually be able to save in the long run if you sell them to buy things you need but don’t have the cash for, while they are on the sale.
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
22 Dec 2012
by Asif J. Mir
in Market Sales Potential
Tags: activity, affect, amount, approximation, available, condition, Consumer, control, controllable, country, define, definition, demand, develop, disposable, economic, effective, effort, environment, estimate, example, Expenditure, factor, fix, function, government, hand, income, indicate, influence, level, market, Marketing, maximum, might, Mix, number, Organization, particular, period, political, potential, quantitative, rather, regulation, relate, relevant, sale, serve, set, social, specific, time
Market sales potential is a quantitative approximation of effective demand. Specifically, market sales potential is the maximum level of sales that might be available to all organizations serving a defined market in a specific time period given 1) the marketing mix activities and effort of all organizations, and 2) a set of environmental conditions. As this definition indicates, market sales potential is not a fixed amount. Rather, it is a function of a number of factors, some of which are controllable and others not controllable by organizations. For example, controllable marketing-mix activities and marketing related expenditures of organizations can influence market sales potential. On the other hand, consumer disposable income, government regulations, and other social, economic, and political conditions are not controllable by organizations, but do affect market sales potential. These uncontrollable factors are particularly relevant in estimating market sales potential in developing countries.
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.
13 Sep 2012
by Asif J. Mir
in Rolling up your Sleeves
Tags: achievement, actual, book, busy, challenge, course, develop, difficult, esteem, example, expert, far, feel, focus, hard, improve, industry, information, interest, language, lead, learn, learning, low, manage, mean, newspaper, novel, People, possible, practice, progress, read, rub, self, Skill, sure, text, time, Training, up-to-date, useful, way
If there’s one way that you can get other people to become more interested and more focused on improving themselves, it is to lead by example. Take time out to go on training courses, even though you may be too busy. Take time to read useful information, not just novels, books or newspapers but actual up-to-date books and texts from the experts within your industry. Practise your skills, use them and make sure that they’re developed as far as they possibly can be. If it means learning a new language or learning a skill that you don’t have then take on that challenge. It is very difficult to manage people well if you have low self-esteem, but if you feel good about yourself and you have that feeling of progress and achievement, then it is very hard for this not to rub off on other people.
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.
05 Sep 2012
by Asif J. Mir
in Market-Development Strategy
Tags: activity, adaptability, Advertising, area, basic, buy, careful, change, competitor, consider, consideration, current, develop, Development, dictate, differ, different, Distribution, effort, evaluate, example, existing, firm, geographical, include, introduce, involve, market, Mix, modification, motivation, number, offering, order, Organization, outlet, pattern, potential, Product, public, reach, require, requirement, retaliation, sale, seek, serve, strategy, strength, successfully, term, understand, Use, varied, venture, weakness
A market-development strategy dictates that an organization introduces its existing offerings to markets other than those it is currently serving. Examples include introducing existing products to different geographical areas or different buying publics.
The mix of marketing activities used must often be varied to reach different markets with differing buying patterns and requirements. Reaching new markets often requires modification of the basic offering, different distribution outlets, or a change in sales effort and advertising.
Market development involves a careful consideration of competitor strengths and weaknesses and competitor retaliation potential. Moreover, because the firm seeks new buyers, it must understand their number, motivation, and buying patterns in order to develop marketing activities successfully. The firm however must consider the strengths, in terms of adaptability to new markets, in order to evaluate the potential success of the venture.
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.
16 Aug 2012
by Asif J. Mir
in Behavior and Organizational Strategies
Tags: accelerate, account, aid, appraisal, assessment, assumption, average, base, basis, Behavior, build, change, characteristic, communicate, competency, condition, cost, critical, culture, customize, demand, determine, develop, difference, different, differentiate, distinguish, effective, example, exemplary, exhibit, flexible, focus, follow, function, future, general, generic, Human, identify, incident, individual, information, initiative, innovation, input, internal, interview, issue, job, list, maintain, management, message, method, model, need, observation, off-the-shelf, Organization, output, outstanding, overall, overlay, People, perform, performer, place, principle, Product, production, Promotion, provide, purchase, reduce, reflect, relate, require, Resource, respect, Role, seek, selection, senior, service, specific, strategy, superior, support, system, teamwork, Tentative, Training, translate, validate, Value, various, workforce, written
A competency model can be an effective way of communicating to the workforce the values of the senior management and what people should focus on their own behavior. For example, a competency-based appraisal system helps to distinguish individuals with the characteristics that are required to build and maintain an organization’s values (teamwork, respect for individual innovation or initiative) from those who do not exhibit the behaviors that will support these values. In this way competency models can translate general messages about needed strategy and culture change into specifics. There are two principles that can be followed:
- Focus on the superior performers without making an assumption.
- Focus on what they do to perform the given role.
Following are various developed models that are used as a basis for selection, training, promotion and other issues related to human resources:
- Job Competence Assessment Method—this is developed using interviews and observations of outstanding and average performers to determine the competencies that differentiate between them in critical incidents.
- Modified Job Competence Assessment Method—this also identifies such behavioral differences, but to reduce costs, interviewees provide a written account of critical incidents.
- Generic Model Overlay Methods—organizations purchase an off-the-shelf generic competency model for a specific role or function.
- Customized Generic Model Methods—organizations use a tentative list of competencies that are identified internally to aid in their selection of a generic model and then validate it with the input of outstanding and average performers.
- Flexible Job Competency Model Methods—this seeks to identify the competencies that will be required to perform effectively under different conditions in the future.
- Systems Method—this demand reflecting on not only what exemplary performers do now, or what they do overall, but also behaviors that may be important in the future.
- Accelerated Competency Systems Method—this places the focus on the competencies that specifically support the production of output, such as an organization’s products, services or information.
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.
26 May 2012
by Asif J. Mir
in Social Interactions
Tags: affect, authority, autonomous, basic, Behavior, bound, Buying, celebration, center, children, common, community, companionship, consider, contrast, convention, culture, decision-making, define, different, Dutch, economic, education, emerge, employee, establish, example, extended, family, festival, focus, form, framework, fulfill, gadget, get-together, grief, household, husband, include, influence, institutional, interaction, Latin, leader, life, machine, Marketing, marriage, mean, modern, mother, nuclear, occasion, opinion, Organization, pattern, People, personal, play, political, practice, prefer, prescribe, primary, protection, provide, reason, reference, religious, resent, responsibility, ritual, Role, scope, set, situation, social, society, specifically, stable, support, Swiss, unit, US, Value, vary, wife, woman
Social interactions establish the role that people play in a society and their authority responsibility pattern. Their roles and patterns are supported by a society’s institutional framework, which includes, for example, education and marriage.
Social roles are established by culture. For example, a woman can be a wife, a mother, a community leader, and/or an employee. What role is preferred in different situations is culture-bound. Most Swiss women consider household work as their primary role. For this reason, they resent modern gadgets and machines. Behavior also emerges from culture in the form of conventions, rituals, and practices on different occasions such as during festivals, marriages, get-togethers, and times of grief or religious celebration.
With reference to marketing, the social interactions influence family decision-making and buying behavior and define the scope of personal influence and opinion. In Latin America and Asia the extended family is considered the most basic and stable unit of social organization. It is the center for all economic, political, social, and religious life. It provides companionship, protection, and a common set of values with specifically prescribed means for fulfilling them. By contrast, in the US the nuclear family (husband, wife, and children) is the focus of social organization. The US wife plays a more autonomous role than the Dutch wife in family decision-making. Thus social roles vary from culture to culture and are likely to affect marketing behavior.
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.
11 Feb 2012
by Asif J. Mir
in 21st Century Corporate Strategy, Not-for-Profit Marketing
Tags: activity, agency, align, alumni, appropriation, area, aspect, attempt, bottom, business, campaign, candidate, characteristic, clear, client, college, committee, common, company, complicate, concern, constituency, contributor, control, corporation, correct, criteria, current, Customer, deal, decision-making, degree, destiny, difficult, distinction, distinguish, employee, encounter, evaluation, exact, example, exist, faculty, feature, firm, focus, geographic, goal, goods, government, important, influence, intangible, jargon, lack, least, legislature, less, level, line, local, major, market, Marketing, maximize, measure, member, monopoly, multiple, Non-for-profit, objective, opinion, Organization, orient, parent, Performance, political, possess, power, profit, profitability, program, prospective, public, refer, regard, respond, result, return, revenue, Sales, second, seek, serve, service, set, special, specific, specifically, sponsor, staff, standard, stockholder, Structure, student, substitute, tangible, target, tend, term, true, typical, user, usual, voter, wield
Non-for-Profit organizations encounter a special set of characteristics that influence their marketing activities. Like profit making firms, not-for-profit organizations may market tangible goods and/or intangible services. One important distinction exists between not-for-profit organizations and profit oriented companies. Profit-seeking businesses tend to focus their marketing on just one public—their customers. Not-for-profit organizations, however, must often market to multiple publics, which complicates decision-making regarding the correct markets to target. Many deal with at least two major publics—their clients and their sponsors—and often many other publics, as well. Political candidates, for example, target both voters and campaign contributors. A college targets prospective students as clients of its marketing program, but it also markets to current students, parents of students, alumni, faculty, staff, local businesses, and local government agencies.
A second distinguishing characteristic of not-for-profit marketing is that a customer or service user may wield less control over the organization’s destiny than would be true for customers of a profit-seeking firm. A government employee may be far more concerned with the opinion of a member of the legislature’s appropriations committee than with that of a service user. Not-for-profit organizations also often possess some degree of monopoly power in a given geographic area.
Perhaps the most commonly noted feature of the non-profit-organization is its lack of a bottom line—business jargon referring to the overall profitability measure of performance. Profit-seeking firms measure profitability in terms of sales and revenues. While not-for-profit organizations may attempt to maximize their return from specific services, they usually substitute less exact goals, such as service-level standards, for overall evaluation criteria. As a result, it is often difficult to set marketing objectives that are aligned specifically with overall organizational goals.
A typical aspect of a non-for-profit organization is the lack of a clear organizational structure. Not-for-profit organizations often respond to constituencies that they serve, but these usually are less exact than, for example, the stockholders of a profit-oriented corporation. Not-for-profit organizations often have multiple organizational structures.
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.
05 Feb 2012
by Asif J. Mir
in Employee Rights
Tags: actually, adopt, albeit, appeal, associate, assumption, ban, broad, continue, controversial, controversy, correct, dismissal, due, employee, entirely, example, extent, firm, individual, instance, involve, issue, japanese, job, lifetime, limit, Organization, ownership, popular, practice, process, question, range, reassignment, regarding, right, security, smoke, smoking, span, surface, U.S., wide, work, workplace
This issue actually spans a wide range of controversies. For example, issues have surfaced regarding the individual’s right to smoke in the workplace. As more and more organizations limit or ban smoking, this issue will continue to be somewhat controversial. Broader controversies involve issues associated with job ownership and individual rights while at work. A popular (albeit not entirely correct) assumption about Japanese organizations is that their employees have lifetime job security/ to the extent that US firms adopt this practice, the question becomes one of due process and the right to appeal in instances of dismissal or reassignment.
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.
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