Industrial Competitiveness


The European Management Forum defines industrial competitiveness as “the immediate and future ability of, and opportunities for, entrepreneurs to design, produce and market goods within their respective environments whose price and non-price qualities form a more attractive package than those of competitors.”

The major factors affect competitiveness:

  • The dynamism of the economy measured by criteria such as growth rates, monetary strength, industrial production and per capita performance.
  • Industrial efficacy, which involves direct and indirect employee costs, per capita output, employee motivation, turnover and absenteeism.
  • The dynamics of the market, when efforts to improve competitiveness are increased and better directed to more intensive market forces.
  • Financial dynamism that is the strength and importance of the commercial banking sector, stock and bond markets and their ability to provide capital.
  • Human resources that is the dynamism of the population and the labor force, employment, unemployment, executive quality and motivation.
  • The role of the state in fiscal policies and other regulations.
  • Resources and infrastructure (transport and communications facilities), domestic energy and raw material sources.
  • Outward orientation, the will to promote trade actively, buying and selling goods, service-related investments or any other form of international exchange.
  • Innovative forward orientation which emphasis national research and development efforts, corporate and government attitudes to exploiting new ideas, products and production processes.
  • Socio-political consensus and stability, the degree to which strategies and policies reflect a society’s aspirations.

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.

Advertisements

21st Century Corporate Strategy


Business, government and society are independent and their relationship is complex in every nation. General systems theory tells us that all organisms or systems are affected by their host environments; thus, an organization must be appropriately responsive to changes and conditions in its environment to survive and succeed.

The web of interactions between business, government, and society creates a system of stakeholders—groups affected by and influential in corporate decisions and actions. The analysis of these stakeholders—who they are, what power they hold, and the ways in which they interact with one another—helps managers understand the nature of their concerns and needs and how these relationships are changing. If the creation of stakeholder networks is a natural process for organizations, managers must learn how to understand and utilize these relationships. The business of the 21st century must have managers who understand the importance of creating business strategies that include these considerations.

The relationship between business and society is also continuously changing. People, organizations, and social change; inevitably, new issues will arise and challenge managers to develop new solutions. To be effective, corporate strategy must respond to the biggest and most central questions in the public’s mind. People expect businesses to be competitive, to be profitable, and to act responsibly by meeting the reasonable expectations of stakeholders. The corporation of the 21st century is certain to be affected by global economic and political trends, powerful new technologies, and a global population of stakeholders who will expect their interests to be integrated into the thinking of the companies from which they buy goods and services, to which they contribute labor and ideas, and to which they extend the hospitality and support of their communities.

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.

Public Policy


Public policy is a plan of action undertaken by government officials to achieve some broad purpose affecting a substantial segment of a nation’s citizens. It is also is what a government chooses to do or not to do. Governments generally do not choose to act unless a substantial segment of the public is affected and some public purpose is to be achieved. This is the essence of the concepts of governments acting in the public interest.

The role of government is extensive in most modern economies. Although there are vigorous debates about the size and specific actions of government, there is broad agreement that government has some appropriate role to play in modern life. As the world’s population increases, individual nations have more citizens whose needs have to be met and whose interests and concerns have to be reconciled into reasonable plans of action. These are the rules that government, whatever its specific form, plays in the modern world. Public policy, while differing in each nation, is the basic set of goals, plans, and actions that each national government follows in achieving its purpose.

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.

Response to Failure


What happens when someone makes a mistake that sends you through the roof? What happens when you want to rip a person apart for having made a mistake, even when he or she acted within the established guidelines?

First of all, it is important to recognize that those feelings are not a sign of weakness, they simply mean that you are human. The important thing is what you do with those feelings.

If you act on them immediately, more than likely you will destroy any trust you have established between the person and you. Any progress you have made in convincing people that it is okay to fail can be undone in an instant.

You will be better able to accomplish your objectives if you will abide by this unwritten rule: Never reprimand a person unless you are in full control of your own thoughts and emotions. This way you won’t say or do things that may result in momentary satisfaction in the short term but regret in the long term.

I am not suggesting that you never show emotion to your people that you let them know you are angry or upset. Showing your people how you feel can be quite beneficial at times, provided it is shown in an appropriate way and for the right reasons.

When you respond constructively to people’s failures you are doing the single most important thing you can do to let them know that it is okay to fail.

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.

Equal Employment Opportunity


For the last 5-6 decades, women and ethnic minorities have sought equal employment opportunities. These include the desire for a) equal pay for equal work; b) jobs for women and minorities in high-pay, high-prestige occupations—in approximate proportion to their members in the general population; c) a fair chance for women and minorities to be promoted to better jobs based on merit; and d) recognition of the special problems women and minorities face.

Even though the number of working women has grown many times faster than the number of working men, they are concentrated in clerical and service jobs, where they earn less than men for the same work—even when education and work experience are equal. Women also suffer from untrue stereotypes and absenteeism and emotional instability. And they sometimes have to do much better work than their male colleagues to be promoted.

Business can help create equal employment opportunity by providing women with role models—examples of productive and successful women—and by promoting them when they deserve it. Business can also offer flexible work schedules, day-care facilities, and leaves of absence for child-care when necessary.

Business can help minorities to achieve equal employment opportunities by actively seeking them as employees, by redesigning job requirements so as to rely more on skills and less on traditional backgrounds, by financially supporting minorities who want more education, and by placing minority employees in mainstream jobs where rapid promotion based on ability is customary. Many businesses are also helping minorities by buying some of their supplies from minority-owned small businesses.

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.

Determining Total Purchasing Power of the Market Area


A thorough market survey determines the total purchasing power of the market area. The average income, found by studying population characteristics, is most helpful. Occupations carry certain income ranges and can assist in determining total purchasing power.

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.

Doing Foreign Business for Wrong Reasons


The wrong reasons for entering a market include; large population, cheap labor, and “Everyone else is going there.” Population does not necessarily mean consumers or a skilled work force, and even a large consumer base does not mean there is an established market. A terrific investment in education and the establishment of an infrastructure for the conduct of business, whether manufacturing or marketing, may be necessary.

Some markets may be too small to support the cost of doing business. It is critical to enter only these markets where you can serve customers to their satisfaction. An inadequate understanding of products due to degree of technical sophistication and language barriers may require special attention to adapt documentation, training and support to the market and customer. Many apparently small markets can be surprisingly active.

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, Lectures, Line of Sight

Previous Older Entries Next Newer Entries