...of how best to manage their multicultural nature. The company had, in fact, already developed set of values that revolved around learning and innovation. However, by 2008, rapid expansion of company workforce and diversity strained the understanding of the culture by the new employees. New employees were not acquainted with the values and way of working of Think & Learn Pvt. Ltd as set by its founder. Think & Learn hit a roadblock and was facing stagnation. This got the founder team to start thinking about consolidating its value system so that it remains the same across the organization. This resulted in a new statement of values stated as “Learning with Innovation, Inspiration and Integrity”. Before 2008: The ultimate source of organizational culture is the people who make up the organization. The founder of an organization has a substantial influence on the organization’s initial culture because of his or her personal values and beliefs. The founder of Think & Learn Pvt. Ltd also has a deep influence on the culture that prevailed in the organization since its inception. Think & Learn Pvt. Ltd was established in 2005 by Byju Ravindranan with a groundbreaking vision to provide education for a lifetime with teaching skills that gives students crucial competitive advantage over others in different entrance examinations. Founders set the scene for the later development of a culture because they not only establish the new organization’s values but also hire its...
Words: 1157 - Pages: 5
...be based on content, as discussed in the critical thinking grading rubric. 10% will be based on style. While it will be okay to fill in the table below with bullet points, each bullet point should be a full sentence. The analysis should be comprehensive, yet concise; there is no minimum or maximum word count. Grammatical and spelling errors will lower your style score. Total value: 22 points. 1A. Please analyze the opportunity: Customer value 1. Who is end user and purchaser/decider? Is this a Pro or con and why? The target market is something the team struggles with throughout the case. The students (Henry and Dana) believe the ideal market is the education market (i.e. elementary school aged children), however the founders believed they should be going after the entertainment market (i.e. junior high and above). Both have sound reasoning for their opinions; however I tend to side with the students that the best approach in the beginning would be to go after the education market because of the inherent benefits available. I will be answering the questions based on the standpoint their target market is the education market. In the education market, the end user would be younger children (elementary school aged children) with the decision maker being their parent or their music teacher at school. By targeting the younger students, MGI can help develop a sense of love and passion for music at an early age in a child, which opens up avenues for more...
Words: 4586 - Pages: 19
...Encouraging creation of special inventions Efficiency losses – – – – – Boredom Fatigues Stress Poor quality High absenteeism & turnover Productivity specialization Departmentalization The basis by which jobs are grouped together Possible ways – By functions performed E.g., engineering, accounting, personnel…. – By type of product E.g., fuel, waxes, chemicals – On basis of geography E.g., western, southern, midwestern, eastern… – On basis of process E.g., Casting, press, tubing, finishing, inspect, pack, ship…. – By type of customer E.g., Service retail, wholesale, government customers Large companies might combine the forms! The Chain of Command & Span of Control Chain of command – Line of authority from top of the organization to lowest part – Specifies who reports to whom – Each managerial position is given its place & degree of authority – Unity of command principle preserves unbroken line of command Span of Control – – – – Number of subordinates a manager directs Wider spans more efficient in terms of costs When span too large, performance suffers Small spans make communication complex & encourage Centralization & Decentralization Centralization – degree to which decision making is concentrated at a single point – Only with respect to formal...
Words: 1932 - Pages: 8
...Wales ( /ˈdoʊnəl ˈweɪlz/; born August 7, 1966[3]) is an American Internet entrepreneur best known as a co-founder and promoter of the online non-profit encyclopedia Wikipedia and the Wikia company.[4][5] Wales was born inHuntsville, Alabama, United States, where he attended Randolph School, a university-preparatory school, then earned bachelor’s and master’s degrees in finance. While in graduate school, he taught at two universities, but left before completing a PhD in order to take a job in finance and later worked as the research director of a Chicago futures and options firm. In 1996, he and two partners founded Bomis, a male-oriented web portal featuring entertainment and adult content. The company would provide the initial funding for the peer-reviewed free encyclopedia Nupedia (2000–2003) and its successor, Wikipedia. On January 15, 2001, with Larry Sanger and others, Wales launched Wikipedia, a free, open content encyclopedia that enjoyed rapid growth and popularity, and as Wikipedia’s public profile grew, he became the project’s promoter and spokesman. He is historically cited as a co-founder of Wikipedia, though he has disputed the "co-" designation, declaring himself the sole founder.[6][7] Wales serves on the Board of Trustees of the Wikimedia Foundation, the non-profit charitable organization he helped establish to operate Wikipedia, holding its board-appointed "community founder" seat. In 2004, he co-founded Wikia, a for-profit wiki-hosting service. His role in creating Wikipedia...
Words: 566 - Pages: 3
...performance in specific task – Encouraging creation of special inventions Efficiency losses Boredom Fatigues Stress Poor quality High absenteeism & turnover Productivity – – – – – specialization Departmentalization The basis by which jobs are grouped together Possible ways – By functions performed E.g., engineering, accounting, personnel…. – By type of product E.g., fuel, waxes, chemicals – On basis of geography E.g., western, southern, midwestern, eastern… – On basis of process E.g., Casting, press, tubing, finishing, inspect, pack, ship…. – By type of customer E.g., Service retail, wholesale, government customers Large companies might combine the forms! The Chain of Command & Span of Control Chain of command – Line of authority from top of the organization to lowest part – Specifies who reports to whom – Each managerial position is given its place & degree of authority – Unity of command principle preserves unbroken line of command Span of Control – – – – Number of subordinates a manager directs Wider spans more efficient in terms of costs When span too large, performance suffers Small spans make communication complex & encourage Centralization & Decentralization Centralization – degree to which decision making is concentrated at a single point – Only with respect to formal authority Decentralization – Degree to which...
Words: 1932 - Pages: 8
...consultant and inventor in the areas of education and learning. We should listen to him because of all the above information and he has a masters degree from Yale, Middle bury and Harvard business school. In his story he argues that this generation isn’t capable of learning the traditional way, and we need a know technological way to learn. The author of “the internet” Steve Johnson has wrote and edited many books. He is a respected writer in the residence at the New York University department of journalism. He has published in the New York times, the Wall street Journal and many other periodicals. In his story he argues that the internet has come a log way from what it was intended to. He argues pro technology because according to him internet has helped us out a lot. The author Maryanne wolf who wrote learning to think in a new world is a professor in the Eliot-Pearson department of child development at tufts university. Her accolades are: distinguished teacher of the year award, and the teaching excellence award. In her story she argues that those growing up in the digital world don’t read and think about text like they should. In other words they don’t think critically any more. The author of “learning theory video games and popular culture ”James Gee is the presidential professor of literary studies at Arizona state university. In her story she argues pro technology. She says that video games are the future of learning since our mind and video games share commonalities...
Words: 1299 - Pages: 6
...to let you know why I applied. I am a person that is really interesting in helping other people and that is the reason why I am graduating with a degree in human service. After reading and learning about the facts of Family of Woodstock, I became very interested in the working for the organization as I would like to take part of the people helping the young adults by providing my knowledge and skills. It is very difficult to prepare an organization as well as to understand the needs of the people. A person has to have the heart to be able to help others in need; otherwise that person will not be able to fully assist others. Family of Woodstock began as the founders found several factors that led them to create such an awesome organization. The people in need are the people that inspired the founders to open the organization. The founders had to learn and understand why so many teens and young adults had decided to run away or to escape the confines of the world they had been living in. Listening to their reasons and to understand why is what helped them plan an organization that would be able to assist them fully. The founders saw how people slept on benches, on parking lots, hitchhiking, and even seeking out food and clothing. These are some of the reasons that led the founders to provide them with a shelter and other assistance needed such as clothes and food. Once the organization was established, they were able to specialize to meet many of the needs of the people...
Words: 850 - Pages: 4
...[pic] [pic] ------------------------------------------------------- ------------------------------------------------------- BUSINESS PLAN VISION INC. Sylhet, Bangladesh. 3100 Tel. No: +884204201-9 Fax: 8829882948-51 E-Mail: Vision@yahoo.com; Vision@gmail.com;Vision@hotmail.com Web: www.vision.com. Contact Surajit datta Nirupom chakrabarty BBA, MBA, PHD in Marketing BBA, MBA; PHD in EEE Cambridge University. Harbart University. Founder and CEO of (VI) co-founder and CEO of VI 11-Lamabazar, Sylhet, Bangladesh 36-Medical, Sylhet 3100. Bangladesh 3100 Tel. No:01711012577 Tel. No: E-Mail:Shuvradatta@hotmail.com E-Mail: Fax: 8829882950 Fax: 8829882951 TABLE OF CONTENTS: 1. Executive Summary 03 2. Background & Purpose 05 2.1. History 05 2.2. Current Situation 06 2.3. The resource based concept 06 3. Objectives 07 4. Market analysis 07 4.1. Overall Market 07 4.2. Specific Market 07 4.3. Competitive factors 08 4.4. Micro environmental Influence 08 5. Development and Production 09 5.1. Production Processes 09 5.2. Resource requirements 10 5.3. Quality assurance 10 6. Marketing 10 6.1 Overall Concept and Orientation 10 6.2. Marketing Strategy 11 ...
Words: 4390 - Pages: 18
...Introduction Learning organizations is not a term familiar to many. The image that may appear in an individual’s mind when the term learning organization is mentioned may be that of a tutor, place of higher education, or even a church. While all of these could technically be defined as learning organizations, that is not the type of learning organization this paper explores. The learning organization literature that this paper explores is defined as the role of an institution in setting up a successful union of individuals to create learning to improve an individual and the institution as a whole (Calvert, Mobley, Marshall, 1994). This, of course, is a basic definition, and as the literature is explored, the reader quickly learns that learning organizations are as varied and diverse as the institutions within which they exist. The literature concerning learning organizations is also varied and diverse; ranging from simple, clear, and concise books and article to very detailed, in-depth, complex, and rigorous academic studies. Although the literature is exhaustive and at times overwhelming, by organizing the literature into common core areas, a reader can efficiently and effectively learn all there is to know about the learning organization, how to create a learning organization, and maintaining a successful learning organization. By thoroughly examining the literature in these three areas, an individual or institution will be able to thoroughly understand the entire...
Words: 6643 - Pages: 27
...type of aircraft plays an important part in its success. (The Economist, 2012) Most importantly, according to Chris Wahlenmaier (2012), the vice president of ground operations of Southwest Airlines, he stated that all the on-board crews and ground crews are familiar with the replace situation even in the last minute because of the same shape and size of all the planes. Besides, training all the mechanics in one model of planes is one of the cost-efficient secret to make Southwest be the 40 consecutive years of profit operation (Yahoo finance, 2013). Overall, the secret derives from the training method of internal elements. Job security After the establishment of the Southwest Airline in 1971, there was a dilemma for Herb Kelleher whether to sell one of the four Boeings or lay off people. Instead, Mr. Kelleher chose another way to solve the problem, which is to shorten the turnaround time from 55 minutes to 15 minutes. (Donlon, 1999) Time saving rather than cutting people in this case built reliable image of Southwest to its employees. Even though during the tough time for the American airline industry in 2005, Southwest had made its 33rd consecutive year of profit while there was about $10 billion losses for whole industry. (Southwest annual report, 2005) Under the pressure of losses, other organizations are shrinking their services and reducing the staff; in...
Words: 1764 - Pages: 8
...Chapter One Business Now: Change Is the Only Constant Review Questions 1. What factors contribute to the rapid pace of change in business? Is the pace likely to accelerate or decrease over the next decade? Why? 2. What role does entrepreneurship play in the economy? Who stands to gain from the success of individual entrepreneurs? How do other parties benefit? 3. When did American business begin to concentrate on customer needs? Why? © 2011 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use. End-of-Chapter Questions / Chapter 1 4. How do nonprofit organizations compare to businesses? What role do nonprofits play in the economy? How do they interact with businesses? 5. What are the factors of production? How can economies grow when one or more of the factors is weak? 6. What are the 5 dimensions of the business environment? Discuss the key elements in each area as they relate to U.S.-based businesses. Dimension of Business Environment Key Elements © 2011 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use. End-of-Chapter Questions / Chapter 1 7. What are...
Words: 2085 - Pages: 9
...Mithun iii Acknowledgement First and foremost, I thanks to my God. Besides we would like to thank to our honorable teacher and supervisor of this report MD. Shibli Shahrir for the valuable guidance and advice. He inspired us greatly to study in this project. His willingness to motivate us contributed tremendously to our report. We also would like to thank him for showing us some example that related to the topic of our report. Besides, we would like to thank the authority of Daffodil International University (DIU). It gave us an opportunity to participate and learn about the leadership. iv Executive Summary Dr. Muhammad Yunus (born 28 June 1940) is a Bangladeshi banker, economist and Nobel Peace Prize recipient. He is the founder of the Grameen Bank. He gives the loan to rural poor people to be self-sufficiency....
Words: 3520 - Pages: 15
...A 1. Give an account of childraising principles in the three texts. Our childraising has a very important value of who we are or will be. It makes us who we are and has a great influence on our way of living. Parents today try to raise their children as perfect as they can be. There are many ways of childraising. A lot of different ways also. But there is not a single answer, for the normal or perfect childraising. Parents raise their child or child’s different. The different methods of childraising has cost many debates. In the first text, Sophia Chuba-Rubenfield tells about how it was to be raised by her mother Amy Chau. The text is named: “why I love my strict Chinese mom”. Amy Chau has got a lot of critic because of her book: “Battle Hymn of the Tiger Mother” which is described as “how Chinese parents raise such stereotypically successful kids” (p. 2, l. 4). Because of the critic to the mom, he daughter has written her side of the story to the post. In the letter, she wrote, she thanks her mother for pushing her to the limit. She says her mother’s “tough love” has raise her to be an independent thinker who has lived her whole live at 110 percent. The “tough love” is visible in some of the rules there was in the raising. Amy Chua has used strict parenting, not letting her kids attend to a sleepover or even having a playdate, making her playing violin and piano in her sparetime. According to Sophia, she is thankful of the way her mom has raised her. In the second text:...
Words: 858 - Pages: 4
...way students think today is different from the way their predecessors thought and today’s educational system is not set up correctly for teaching them. Parensky believes the arrival of digital technology is the reason for this change. Today’s students spend more time using computers, cell phones, video games, and other electronic devices than they do reading. As a result of this he states, “today’s students think and process information fundamentally different from their predecessors.” Thus their “brains and thinking patterns have physically changed.” Prensky calls these new types of technological savvy students “Digital Natives”. They were born into this digital era and technology is their native language. They have developed hypertext minds and their thought processes are more parallel than sequential. Most of the digital natives’ teachers were born before this era and speak a different outdated language therefore Prensky has dubbed them “Digital Immigrants.” Digital Immigrants were taught to learn in a linear manner and therefore teach in the same way. This can impede and slow down the learning process of digital natives. According to Parensky, digital natives are acclimated to receiving information quickly, multi-task, thrive on instant gratification, and prefer games to “serious” work. This is not how the Digital Immigrants learned and many of these concepts seem foreign to them. These two vastly different ways of learning are causing the problems within today’s...
Words: 732 - Pages: 3
...Business Communication. The program focuses on providing its attendees with business knowledge, leadership abilities, networking opportunities, and career advancement. Although the intent of the program is understood, one must weigh the advantages and disadvantages when determining if pursuing an MBA is the right choice. Oftentimes, obtaining a degree is only seen in a positive light. However, there can be some hidden negative impacts to seeking a MBA. There are several factors I personally had to consider when deciding to enroll in an MBA program. The MBA program is recognized as the most sought-after postgraduate degree program (VanderMey, 2011). According to the Graduate Management Admission Council, the average starting salary ranges from $61,000 to $78,000 annually for recent MBA graduates (VanderMey, 2011). The thought of obtaining a highly sought-after degree and the earning potential were my first true reasons for desiring to be in the MBA program. On the contrary, the job market is currently in a downward spiral. This means that with an MBA degree, there is a likelihood of remaining underemployed or unemployed. According to recent statistics, college graduates are facing the highest unemployment rates in more than two decades (VanderMey, 2011). Another objection to earning potential is the high cost of an education. College tuition rates are at an all- time high. It is definitely a juggling act between potential earning and potential debt. Another advantage I have...
Words: 943 - Pages: 4
