Greed


Technically, greed is not one of the seven cardinal (deadly) sins, avarice is. Greed is an excessive desire to get or have, as wealth or power, beyond what one needs or deserves. There is no mechanism , or even rationale, for deciding what  one needs  or deserves  or what is excessive.

Pride is the first of the seven cardinal sins, but we are encouraged to be proud of country, school, family, employer, and other institutions. The issue is not pride but the form that pride takes. This applies to wanting more than one has, what some people call greed. It depends on how the greed affects behavior. Greed is not bad. Immoral and unethical behavior is bad.

Greed means the desire to have more than one has. This trait leads, through the invisible hand, to competition. Greed causes us to want more in a free, competitive society we have to work harder and smarter. This increases human welfare by providing more and better marketing mixes (product, price, distribution, and promotion). It is the marketing mix that satisfies the buyer’s wants and needs. Competition keeps greed in check except when we act immorally. In business competition, unlike sports, there can be more than one winner.

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

Miscast Workforce


It is tempting to believe that some roles are so simple that they don’t require talent. Misled by this wisdom, many managers don’t bother selecting for people who have talent for these roles. They hire virtually anyone who applies. Consequently, they end up with a hopelessly miscast workforce—thousands of employees who see their roles as demeaning and who can think only of getting  out of it as fast as possible. Thus cursed, their managers respond with strict legislation. They impose procedure manual on their people in the hope that they can make the role idiotproof. Their rationale: if I give these people the chance to make choices, many of them will use that freedom to make the wrong choices.

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.

 

Rationale for Innovation


Understanding the rationale for an innovation consists of determining just what the components (and the core concepts underlying them) that go into the product are, and how they are linked together to deliver the new low-cost or differentiated features to consumers. For a firm facing an innovation, understanding the rationale behind it may involve asking the question: can the new mousetrap be built using the new knowledge?

When the idea of building an electronic cash register first surfaced in 1960s, the question was: can a firm actually build a cash register using transistors instead of the gears, levers, ratchets, and motors that have been used all these years? How do transistors work, and how does linking them result in calculations? Would such a register actually get people through a supermarket line faster than existing ones? What will it take to build and deliver the new product to customers?  What kind of service do customers want?

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

Rationale for having a Vision


Clear vision and strategy, and top management commitment are of crucial importance in the management of change. The vision must be shared, the purpose of change communicated, and employee involvement and commitment secured.

Thje board is primarily responsible for formulating and agreeing a company’s strategic vision and ensuring its implementation. In some companies particular individuals have been given the specific task of ensuring that a corporate vision remains current and vital.

A vision should capture the essence of what a company is all about.

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, Line of Sight

Functions of Goals


Goals have multiple functions. They are general guides or beacons for the change episode. They provide brief statements of the intended area of intervention.and in a political sense, abstract goal statements provide the umbrella under which individuals, groups, organizations, and interests holding diverse views can be mobilized to support activities in a general intervention area. Goals do not address the why (rationale) or how (methods) questions of change efforts.

 Goals should therefore describe the major directions of the change effort, be concise and clear to ensure comprehension by the intended audience, and be likely to elicit a positive response. Thus, content, clarity, and political attractiveness guide goal selection and formulation. The change agent needs to identify the parties and interests that must be involved, understand how each will react to various formulations, and tailor the statements to obtain approval of the necessary parties. The change agent often uses negotiating skills in helping the initiators, targets, clients, planners, and implementors to reach agreement on the goals of the change episode. Successive drafts may be circulated among the various participants until a version captures a direction acceptable to all parties.

 Goal statements are vital in the public debate about human service interventions. Goal statements are the public banners under which competing interests attempt to mobilize support the change efforts. Interest groups invoke strongly held values in their goal statements.

 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, Line of Sight

Value Stream Management


Value Steram Management is a strategic and operational approach to the data capture, analysis, planning and implementation of effective change within the core cross-functional or cross-company processes required to achieve a truly lean enterprise.

 

Value Stream Mapping approach was initially developed with an underlying rationale for the collection and use of the suite of tools as being ‘to help researchers or practitioners to identify waste in individual value streams and, hence, find an appropriate route to (its) removal. The approach requires the researcher to identify the severity of a series of wastes that exist generically within a supply chain and to choose, apply and then analyse the out output from a series of appropriate contingent tools.

 

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, Line of Sight

Financial Engineering


Project financing can best be thought of as a form of asset-based financial engineering. It is asset-based because each financing is tailored around a specific asset or a related pool of assets. It involves financial engineering because, in so many cases, the financing structures cannot simply be copied from some other project. Rather, it must be crafted specifically for the project at hand.

Project financing is about the circumstances in which project financing might be beneficial to a firm’s stakeholders, and has emphasized that a project financing must be designed to serve a community of interests among several parties to a project. Consequently, no single rationale can completely explain why firms employ project financing. Clever corporate financial engineers will continue to find new applications of project financing. As the financial environment continues to evolve, project financing will enjoy a prominent place among leading successful financial techniques.

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 contact www.asifjmir.com, Line of Sight

Previous Older Entries