Psychograhic Segmentation


Psychographic segmentation divides a population into groups that have similar psychological characteristics, values and lifestyles. Psychographic segmentation can be a useful tool for gaining sharper insight into consumer purchasing 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.

Ideal-Candidate Profile


You don’t have the time or the resources to evaluate every applicant who strolls in. to guide your work, you should develop a profile of your “ideal” candidate. You may never find your ideal, but you will establish a basic framework that outlines the person you are looking for.

Developing an ideal candidate profile is similar to viewing a lineup of suspects after you’ve witnessed a bank robbery. The individual you pick out may not be the actual bank robber, but chances are the real criminal is strongly similar. Often, a lineup helps police establish the silhouette or basic framework of the person being sought. The police is clear even if the details are not. Likewise, your ideal candidate profile will give you a sharper idea of what you are really looking for, so that you can increase your odds of finding him or her.

Use the following outline to develop of profile of your ideal candidate:

  1. Must have, or have done, or be able to do:
    • Experience: type and years
    • Industry: type, or specific companies, and years
    • Skills or talents
    • Education
  1. Should have, or have done, or be able to do:
    • Experience: type and years
    • Industry: type, or specific companies, and years
    • Education
  1. Would be nice to have, or have done, or be able to do:
    • Experience: type and years
    • Industry: type, or specific companies, and years
    • Skills or talents
    • Education

Be specific when you draft your outline. If you want someone with strong follow-up skills, say so. If you want an assertive person who can handle high stress, say so. To create a good match between job and candidate, you need to define the person as closely as you define the job.

Keep your company culture in mind, too. If your company is team-oriented and flexible, you want a candidate who is comfortable with teamwork—and not everyone is. If your department is highly structured, you want someone who works well in a structured situation. Describe the qualities that your company values so that you can find compatible candidates.

Just remember that defining the candidate is a lot like shopping for groceries: the more you toss into your shopping cart, the more you’ll pay. The cost of filling a job is influenced by two factors: how long it takes to find the candidate, and the supply of qualified candidates. The greater the number of must have items on your list, the longer it’s going to take to find that person. The greater the experience, skills, or education requirements, the smaller the supply of candidates and the larger the compensation package required to hire the person.

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.

Seeking Specialized Knowledge


For generations, most people never sought specialized knowledge after completing school. What they learned about business, managing, selling, or their profession was acquired on an accidental hit-or-miss basis.

Now that’s changed. Today there are seminars, workshops, short courses, and conferences where you can learn the latest techniques and knowledge about anything you need to know. These sources of specialized knowledge have three advantages over conventional education. They are taught by experts, not be people whose only qualification is a degree. Second, the subject matter relates directly to your needs. Irrelevant information is avoided. And third, you’ll acquire as much useful information from other attendees as you do from the instructors. Specialized learning meetings attract only sharp people eager to make more money and enjoy greater success.

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.

Curing Stress


Chances are you know people who complain of stress, and some of them define their problem more sharply as “burn out,” a new psychiatric term that is growing in popularity. Make no mistake, stress seems very real. People spend billions every year on pills, diets, exercise gimmicks, and medical visits to cure their problems. But drugs, jogging, lifting weights, and talking with medical people don’t cure stress.

The real cure is so simple it goes undetected. Very simply – to cure stress, you must attack its cause. And the cause of stress is performing work you do not find enjoyable, challenging, and beneficial to yourself and others. people who complain of work related stress are misfits. Briefly, they don’t like their work. They feel incompetent, bored, out of place, inadequate, mistreated, threatened, or unappreciated.

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

Leader as Steward


The servant leader is servant first. It begins with the natural feeling that one wants to serve, to serve first. This conscious choice brings one to aspire to lead. That person is sharply different from one who is leader first, perhaps because of the need to assuage an unusual power drive or to acquire material possessions.

Leaders engaged in building learning organizations naturally feel part of a larger purpose that goes beyond their organizations. They are part of changing the way businesses conviction that their efforts will produce more productive organizations, capable of achieving higher levels of organizational success and personal satisfaction than more traditional organizations.

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

Threat of Entry


New entrants to an industry bring new capacity, the desire to gain market share, and often substantial resources. Companies diversifying through acquisition into the industry from other markets often leverage their resources to cause a shake-up.

The seriousness of the threat of entry depends on the barriers present and on the reaction from existing competitors that the entrant can expect. If barriers to entry are high and a newcomer can expect sharp retaliation from the entrenched competitors, he or she obviously will not pose a serious threat of entering.

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

Peak Versus Off Peak Operation


An important practical problem in many industries is how to deal with sharp variations between peak and off-peak demands. Telephones are more heavily used during business hours than during evenings or weekends; local transit demands are greatest in the morning and afternoon commuting hours; in the arid areas water is more intensely demanded in summer than in winter months; restaurants are busiest at regular mealtimes, and so on. For a firm facing both peak and off-peak demands for its product, the optimization problem is how to divide its efforts between the two.

Assume for simplicity that the peak and off-peak periods are equal duration. Under pure competition the firm would be a price-taker in both the peak and off-peak markets. In the peak market it would face a higher price and in the off-peak market a lower price—but, in either market, the price will be independent of the firm’s own level of output. An example might be a city served by a number of competing taxicab suppliers, daytime hours being the peak demand period and evening hours the off-peak demand period. The quoted taxicab fares do not usually vary with time of day. However, the effective price of taxicab service does vary. In peak periods taxi earn a higher effective price, since there is less “dead time” waiting for a customer. And similarly, the customers have to pay a higher effective price in peak periods, since on average they have to wait longer for taxi to become available.

In analyzing the peak/off-peak situation, it is essential to distinguish between “common costs” and “saparable costs.” Common costs are those that apply to both peak and off-peak service. On the case of taxicabs they would include the costs of providing the casbs themselves, of running the central dispatching system,, and so on. Saparable costs are those incurred in serving each specific market. For taxicabs they might include gasoline and drivers’ wages. The distinction between common and saparable costs is quite apart from the distinction between fixed and variable costs. Common costs can be fixed or variable, and the same holds for saparable costs.

The following additional assumptions are employed: 1) There are no common fixed costs at all; the marginal common costs (MCC) is a constant magnitude. 2) The separable costs include both fixed and variable elements, but the cost function is the same in either market. However the firm may want to operate at different points along the cost curves in serving the two markets. A taxicab firm, for example, may chose to put a larger number of cabs on the road during peak period.

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