Thursday 22 August 2013

My Digital C.V.


I am very thankful to Dr. Mandi, our POM professor. For encouraging us to accomplish such a interesting and all the way different task. Thank you Sir.

Please go through this video. It contains my career information and some interesting concepts of POM which I will try to implement in various upcoming activities.

https://www.youtube.com/watch?v=Xj5Iw5NxXHE





Saturday 17 August 2013

Rich Job x Poor Job , Manager-Individual-Group


Today, Dr. Mandi gave us a new insight knowledge on Job, its varieties and difference between Individual decision and group decision. It was quite interesting to learn about such basic topic from the point of management.  Now moving on with the description of job, job is the set of task which is done periodically by the employee. It is comprehensive, complete, homogenous. We do not put unrelated task in Job, because it unknowingly creates problem of synchronization and hampers the efficiency.There are two types of Job i.e. Rich job and Poor job. It is very important to note that job are not divided on the basis of pay or earning , but there are certain criteria in the management field on the basis of which job are rated. These are :

Autonomy
Skill
Variety
Task Identity
Feedback

The job with the high rating in all the above fields will be considered as High Job and low rating will be considered as Poor Job. The above terms are not new to us. We are quite familiar with all of them. Autonomy means the power to exercise own's plan and decision. Skill is the  competency of one own's. Variety means diversity. Task identity denotes the level of its visibility of task or How much task is substantial while Feedback is loop like structure where the views points of end customer reaches to Employees. For example Job of Pilot has absolutely no autonomy, has high Skill, has some variety, has good task identity and has proper feedback process. So, here we can conclude that it is close to Rich job. Rich Job and Poor Job has their environment variation also. Rich Job has High Job Involvement, High Satisfaction, High productivity. While it is just opposite to the Poor Job. Rich Job is also known as intrinsic reward and Poor job is known as extrinsic reward, which in turns means that more money is paid in Poor job.

Now we come to the discussion of Individual decision and Group decision. A good manager is the one whose difference between the its own decision and group decision is as minimum as possible. We can otherwise say that for a good manger Individual Decision should be equal to Group Decision. There is another concept of Expert Decision. Expert is the benchmark where each and every manger wants to achieve. So, A expert decision also plays a important role and thus the equation becomes
Individual Decision = Expert Decision = Group decision. Taking an example of organization, It is a place where group of people works together in coordination to achieve a desired goal. It has a manager to control the group of people and each organization have certain pattern of doing the work. Each organization tries to accomplishes the task in six sigma platform or want to achieve CMMI Level 5 certification. So, These standard are regarded as Expert Decision . Manager Decision are regarded as Individual Decision and Organization decision are regarded as group decision. So, Now for our understanding we can scale the rating of manager.Manager Decision should match with six sigma method or CMMI Level 5 standard. If the difference with these i.e. Expert results and manager results minimum then we can say that manager has sound knowledge about the field of organization and now manager has to turn the group decision towards himself i.e. he should also try to keep the individual decision and group decision as minimum as possible. Then only a manager can be regarded as best manager.

A best manager is a function of : Best Manager= f(Minimum_[I-E], Minimum_[I-G], Minimum_[G-E]), where I=Individual Decision, G=Group Decision, E=Expert Decision.

       

Sunday 4 August 2013

Nascent Vision...A step taken by our seniors.


Today, there was one more successful effort by Dr.Mandi to arranged a our short interaction with our immediate seniors IM19 batch- Prateek Kureel, Meet Merchant, Sagar Tamboli . These were three people in IM19 batch have started their own business. I can say they have taken a daring step and as far as I can understand from their interactive session they have been successful in achieving their target. These three people (our seniors) have definitely earned the respect in college as well as from us. Now I will tell you what work they have taken up as their start-up and how they are managing it.  We know that the date of festival Rakhi is approaching. Gone the days when brother and sister live under one roof of house. Today, the time has come a long way ahead where you rarely find sister and brother living together or even meeting together for some time. It is not due to some conflict or internal jealousy and argument but because sister is studying somewhere away from home or abroad and could not meet the families member on special occasion. It may be the case that sister is married and settled away from home. So, in this way reasons can be many. Now this is where our seniors had done a commendable job. They have come up with the idea of sending online Rakhi to their brothers. In this modern world, where e-commerce is on booming side and enjoying its full scope. Our seniors have developed a site which is use to send the Rakhi at the doorstep. It is just like we purchasing some items online and we are very much now acquainted with it. So, the people will not hesitate 
much to buy and send the Rakhi to anywhere they want.This is the wonderful idea which our seniors have come up with.

Now the question arises how did they achieve it and how do manage it. It was according to them not a very difficult task. But what we need here is passion to do the things. They did identify the work and shared among themselves. One of them designed the web site. The website is designed in a very simple way, even a naive can also use without any hindrance. This is my personal feedback regarding web-site designing. Our seniors also took the feedback from us (assuming us that we are customer) and they were open to take any type of criticism. Let me tell this, it is the essential quality of being an entrepreneur that you are open minded and ready to accept what criticism you get and work upon them. One of the boy from our class told that the Rakhi for the customer  is properly not visible and there should be zoom in, zoom out facility also available on the site as other e-commerce website do have. This helps the customer to view the item more closely and also he can absorb the look and feel of the product. After website designing they contacted to the payment gateway. CCAvenue payment gateway is the largest payment gateway in India. Our seniors contacted the CCIAvenue. CCAvenue, after evaluating their website , they approved the deal and it was a biggest achievement for them . After the agreements on term and policy they can actually call themselves as business man.When the deal of payment was cracked by our seniors, half of the problem was solved for them. CCAvenue provides the online payment method to all customer and is considered to be  fully reliable and safe payment gateway. Deal with the such big and relaible payment gateway would also serve as a drawing factor as customer will be less hesitant to pay money online.


Then comes marketing, They marketed it online and through the word of mouth. They did not send much on marketing but as far I feel they should have spent a higher proportion on marketing so as to boost their sales. Though they have a substantial  presence on internet as well as social media site but having it offline or ground promotion would also help if they had done it.  Another major task was to connect with the delivery vendor. They have contacted with the delivery vendor and also signed a deal with them. So, these were the major task they needed to complete to officially start their new venture.
In order to boost their sales of Rakhi they are giving the gifts for free . A Rakhi along with the gifts. A wonderful strategy for a memorable moments. In due course of taking up start-up, people tends to  automatically develops the various kind of skills in himself such as leadership skills, managerial skills,
public relations and many more. This was very much clear from their interaction and as I have told earlier also they have earned the respect of us even from Dr. Mandi Sir.
 There site is up and working , I would recommend my friends those who reading this blog should visit the site once and if any girl feel like sending Rakhi to his brother can definitely try it .You will get free gifts also along with Rakhi.
 Here is the link of the site, go through and celebrate Rakhi.
www.gift-rakhi.com