...SRIVASTAV SEMESTER: 2ND QuesNo.1) People’s productivity key to Indian manufacturing competitiveness: Boston Consulting Group. Namrata Singh, TNN/Mar14, 2013, 9.34 PM 1st Mumbai: People productivity is the key to Indian manufacturing competitiveness says a report by the Boston Consulting Group (BCG). In most global people productivity surveys, not only does people productivity of Indian manufacturing sector lags developed nations such as US and Japan but also lags in most manufacturing sectors to China. While earlier, many explained this to differences are not only rapidly shrinking, but they do not fully explain the significant gaps in productivity that exists. Skill gap and engagement gap are the two critical factors that explain lower productivity leads to improved skills and better working environment- thus paving the way for higher investments and faster economic growth therefore it is critical for the Indian manufacturing sector to work toward enhancing people productivity to achieve the goals it has set for itself,” the report says. The subject gains importance in the backdrop of a slowdown in western economic countries & China, as well as cost increases in China. Indian manufacturing sector stands at the cusp of a tremendous opportunity. After reading the case study answer the following questions: a) What do you think are the reasons for low people productivity in India? b) Compare and analyze India’s productivity with respect to other countries? c) What...
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...Force field analysis From Wikipedia, the free encyclopedia Jump to: navigation, search Force field analysis is an influential development in the field of social science. It provides a framework for looking at the factors (_forces_) that influence a situation, originally social situations. It looks at forces that are either driving movement toward a goal) (helping forces) or blocking movement toward a goal (hindering forces). The principle, developed by Kurt Lewin, is a significant contribution to the fields of social science, psychology, social psychology, organizational development, process management, and change management. Lewin, a social psychologist, believed the "field" to be a Gestalt psychological environment existing in an individual's (or in the collective group) mind at a certain point in time that can be mathematically described in a topological constellation of constructs. The "field" is very dynamic, changing with time and experience. When fully constructed, an individual's "field" (Lewin used the term "life space") describes that person's motives, values, needs, moods, goals, anxieties, and ideals. Lewin believed that changes of an individual's "life space" depend upon that individual's internalization of external stimuli (from the physical and social world) into the "life space." Although Lewin did not use the word "experiential," (see experiential learning) he nonetheless believed that interaction (experience) of the "life space" with "external...
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...Labour Productivity in the European Union: Innovation, Education and Investment Section 1 - Introduction The unique phenomenon of the European Union has attracted much attention from academics, diplomats and policymakers ever since its founding in the 1950s as the European Coal and Steel Community, with 6 member states. In 2009 there are 27 member states, and a large number of countries around the world have association agreements with the EU, notably those countries of the Mediterranean and the developing world. The goal of the EU is to become ‘the most competitive and dynamic knowledge based economy in the world’ (El-Agraa 2004: 433). Standard economic theory dictates that innovation, education and investment will be instrumental in the achievement of this goal. It is my intention in this essay to assess the impact of these factors upon labour productivity within the European Union member states. The explanatory variables that I have decided to look at are as follows: • The percentage of adults in training • Public spending on research & development (as a percentage of GDP) • Science and technology graduates per 1000 population • Internet access at home (percentage of population) • Foreign Direct Investment (net inflows as a percentage of GDP) • Public spending on education (as a percentage of GDP) These variables will be assessed against the dependent variable of labour productivity, for which an index series is used, with 100 representing...
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...05.04 Trade Analysis—Template Name: Rebecca M Houck Instructor: Ms. Lord Use the chart in the lesson to identify one developing country and one developed country to compare to the United States. Use the tables below to record data for each country. Then respond to the analysis questions. Table 1: Identify one developing and one developed country along with the United States. Complete a trade analysis for agricultural products. Corn Citrus Number of additional worker hours to produce one unit of citrus instead of one unit of corn United States 2 4 2 Developing Country South Africa 6 10 4 Developed Country Romania 8 10 2 Table 2: Identify one developing country and one developed country along with the United States. Complete a trade analysis for industrial products. Apparel Computer Software Number of additional worker hours to produce one unit of computer software instead of apparel United States 2 4 2 Developing Country South Africa 4 12 8 Developed Country Romania 6 8 2 Analysis—Using the data you collected, answer each of the following analysis questions in well-written paragraphs in your own words. Identify...
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...study intends to assess the effectiveness of the basic human resource programs of Ayles Network as a way of improving operational programs. Specifically, the following research questions will be answered: 1. How may the basic human resource programs of Ayles Networks be described in terms of: objectives, policies, strategies, and procedures? 2. How effective are the recruitment activities of the company as to: encouraging correct applicants and performing initial screening procedures? 3. How effective are the training programs implemented in terms of productivity of the workers before and after the conduct of training program? 4. Is there a significant difference in the productivity of the workers before and after the training programs? 5. What performance appraisal strategies are utilized by the company in assessing the productivity of the employees? 6. Are there significant differences in the performance/ productivity of the employees when grouped as employment status? 6.1 full time 6.2 part time 6.3 project-based 7. What modifications may be proposed in improving the recruitment, training, and performance evaluation programs of Ayles Networks? METHODOLOGY To provide adequate answers to the research questions, both quantitative and qualitative types of research will be employed. Under the quantitative type, surveys will be conducted wherein a researcher-made type of questionnaire will be utilized. For the qualitative part, interviews and observations will be conducted...
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...and what affect has. The first part of the discussion will be analysed and supported by arguments about the meaning of Porter's five forces. Nevertheless examples for the five forces will mentioned in order to support and take thesis in the particular analysis. However examples about the sixth force will be mentioned in order to give the reader a satisfactory explanation and to make clear the effect that have in airline industry. Afterwards the essay will analyse the future of the airline industry. Finally a conclusion gives the reader a summarizing about the aspects discussed on the analysis. The Airline Industry has changed the people’s life. In addition it has drop the travel time and decrease the distances making possible to visit lands that cannot be imagined in the past. Michael Porter had created a model showing the influence on industry by five forces. This model help the managers to understand better the strategic forces that appear on industry and how they affect profitability. Five forces analyzing five key areas namely competitive rivalry, the threat of substitutes, the threat of entry, the power of buyers and the power of suppliers. Furthermore Porter referred to these forces as the micro-environment, to contrast it with the more general term macro-environment. Airline industry is very interesting analysis because even if the profitability is low, individual companies are able to make a return in excess of the industry average applying unique business models...
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...Case Analysis Courtesy of the Student Learning Centre, the University of Otago, Dunedin, New Zealand | | |Introduction | |Case studies are used to test the ability to interpret real or factual situations. The particular situation will determine what | |kind of analysis should be done. The most common requirements in a case analysis are: | |problem identification and problem solving; | |comprehension of complex situations; | |identification of central issues; | |deduction or inference. | |You must decide what your approach to a particular case will be, and what skills you will need to use. To do that effectively, | |you must first read to assess the case. | |Case Assessment | |There are probably questions attached to the case - read these carefully first. What...
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...environment that is unpleasant and even recognition. In most cases, to consider the workplace hostile, some lawful standards and policies are supposed to be met. The creation of this hostility in the work environment is mostly done by the boss or a colleague whose behavior, actions, and communications makes it impossible to perform the responsibilities of the workplace or the organization. With the traits portrayed by the coworkers and the employers, it can be concluded that he traits are responsible for changing the terms and conditions or the anticipations of the conducive and comfortable work environment for all employees. Moreover, in order for a work environment to be considered hostile, the traits and actions should show unfairness. An example is where an employee posts nude images or says sexual and explicit jokes is termed as guilty of harassing a fellow employee sexually (Mann & Goodman 2008). The employee is obligated to face legal actions by creating the hostile environment in the workplace. Overview of the alternatives A clear policy is needed to be set by the employer once these hostility aspects are present in the workplace and Carnival Cruise Line Company has this problem already. The policy set in place is supposed to address the way coworkers need to report, complain...
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...2011 Big data: The next frontier for innovation, competition, and productivity The McKinsey Global Institute The McKinsey Global Institute (MGI), established in 1990, is McKinsey & Company’s business and economics research arm. MGI’s mission is to help leaders in the commercial, public, and social sectors develop a deeper understanding of the evolution of the global economy and to provide a fact base that contributes to decision making on critical management and policy issues. MGI research combines two disciplines: economics and management. Economists often have limited access to the practical problems facing senior managers, while senior managers often lack the time and incentive to look beyond their own industry to the larger issues of the global economy. By integrating these perspectives, MGI is able to gain insights into the microeconomic underpinnings of the long-term macroeconomic trends affecting business strategy and policy making. For nearly two decades, MGI has utilized this “micro-to-macro” approach in research covering more than 20 countries and 30 industry sectors. MGI’s current research agenda focuses on three broad areas: productivity, competitiveness, and growth; the evolution of global financial markets; and the economic impact of technology. Recent research has examined a program of reform to bolster growth and renewal in Europe and the United States through accelerated productivity growth; Africa’s economic potential; debt and deleveraging and the end...
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...Strategy and Balanced Scorecard Steve Wu 23.10.2014 1 Objectives for today 1. The Balanced Scorecard What is strategy? Elements of a Balanced Scorecard Implementation issues 2. Strategic Analysis of Operating Income 2 What is Strategy? Strategy specifies how an organization matches its own capabilities with the opportunities in the marketplace to accomplish its objectives. A thorough understanding of the industry is critical to implementing a successful strategy. Strategy Tactics and concrete actions Means Policy and higher-order goals Ends 3 Basic Business Strategies 1. Product differentiation—an organization’s ability to offer products or services perceived by its customers to be superior and unique relative to the products or services of its competitors Leads to brand loyalty and the willingness of customers to pay high prices 2. Cost leadership—an organization’s ability to achieve lower costs relative to competitors through productivity and efficiency improvements, elimination of waste, and tight cost control Leads to lower selling prices 4 Financial Performance Measures Financial performance measures are traditional measures based on financial statements Examples of financial performance measures? Core financial measures Net income Return on assets (ROA) Return on (common) equity (ROE) Sales revenue Sales growth Total costs Cost reduction rate 5 Financial Performance Measures Financial measures reflect outcomes...
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...Case Analysis Courtesy of the Student Learning Centre, the University of Otago, Dunedin, New Zealand | | |Introduction | |Case studies are used to test the ability to interpret real or factual situations. The particular situation will determine what | |kind of analysis should be done. The most common requirements in a case analysis are: | |problem identification and problem solving; | |comprehension of complex situations; | |identification of central issues; | |deduction or inference. | |You must decide what your approach to a particular case will be, and what skills you will need to use. To do that effectively, | |you must first read to assess the case. | |Case Assessment | |There are probably questions attached to the case - read these carefully...
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...Return on Investment Analysis for E-business Projects Mark Jeffery, Northwestern University Introduction The Information Paradox Review of Basic Finance The Time Value of Money ROI, Internal Rate of Return (IRR), and Payback Period Calculating ROI for an E-business Project Base Case Incorporating the E-business Project Incremental Cash Flows and IRR Uncertainty, Risk, and ROI Uncertainty Sensitivity Analysis 1 2 4 4 6 6 7 8 10 11 11 11 Project and Technology Risks Monte Carlo Analysis Applied to ROI Executive Insights The Important Questions to Ask When Reviewing an ROI Analysis A Framework for Synchronizing e-Business Investments With Corporate Strategy Beyond ROI: Trends for the Future Acknowledgments Glossary Cross References References 12 13 14 14 14 16 17 17 17 17 INTRODUCTION As the late 1990s came to a close, many companies had invested heavily in Internet, e-business, and information technology. As the technology bubble burst in 2000 many executives were asking “Where is the return on investment?” When capital to invest is scarce new e-business and information technology (IT) projects must show a good return on investment (ROI) in order to be funded. This chapter will give the reader the key concepts necessary to understand and calculate ROI for e-business and IT projects. In addition, the limitations of calculating ROI, best practices for incorporating uncertainty and risk into ROI analysis, and the role ROI plays in synchronizing IT investments with corporate strategy...
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...2011 Big data: The next frontier for innovation, competition, and productivity The McKinsey Global Institute The McKinsey Global Institute (MGI), established in 1990, is McKinsey & Company’s business and economics research arm. MGI’s mission is to help leaders in the commercial, public, and social sectors develop a deeper understanding of the evolution of the global economy and to provide a fact base that contributes to decision making on critical management and policy issues. MGI research combines two disciplines: economics and management. Economists often have limited access to the practical problems facing senior managers, while senior managers often lack the time and incentive to look beyond their own industry to the larger issues of the global economy. By integrating these perspectives, MGI is able to gain insights into the microeconomic underpinnings of the long-term macroeconomic trends affecting business strategy and policy making. For nearly two decades, MGI has utilized this “micro-to-macro” approach in research covering more than 20 countries and 30 industry sectors. MGI’s current research agenda focuses on three broad areas: productivity, competitiveness, and growth; the evolution of global financial markets; and the economic impact of technology. Recent research has examined a program of reform to bolster growth and renewal in Europe and the United States through accelerated productivity growth; Africa’s economic potential; debt and deleveraging and the end...
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...Critical Review and Personal Analysis of Scientific Management Introduction Comparing to the economic environment in past decades, in today’s economy, more and more large companies and firms tend to find suitable management methods to regulate and operate their labour forces in consideration of maximizing efficiency and profits. Certainly, without an applicable management method, firms and corporations will lack of dynamic and motive power to operate decently. Taylorism, also known as scientific management, is one of the most well-known and widely applied management method introduced by Frederick Winslow Taylor in the late 18th century, and this theory was peaked in the early 19th century. Taylor argued that the fundamental of seeking wealth for both employers and employees is to have working efficiency and productivity maximized; to reach this working stage, a company is required to manage and operate scientifically rather than empirically. (Wikipedia, from http://en.wikipedia.org/wiki/Scientific_management) In fact, Taylor’s scientific management is criticized by socialists and workers as it only focus on productivity and efficiency and treat workers as ‘machines and animals’, and it is also argued to be the tool of exploitation for capitalists. Indeed, in my opinion, despite the efficiency and productivity advantages that scientific management can generate, its inconsideration of employees personal affects and emotions will not only impair the future of a company, but also...
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...the Center for Economic Statistics and Decision Support 65 Sveavaegan, 11383 Stockholm, Sweden Phone: +46-8-736-9231 anders.westlund@hhs.se Prof. Fritz Fahrni University of St. Gallen, Director of the Institute for Technology Management Dufourstrasse 40a, 9000 St. Gallen, Switzerland Phone: +41-71-224-7201 fritz.fahrni@unisg.ch Thomas Pock Research Scholar, Ross School of Business, University of Michigan National Quality Research Center 701 Tappan Street, 48103 Ann Arbor, MI, USA Phone: +1-734-709-1036 tpock@bus.umich.edu rewrite abstract according to instructions Abstract Purpose – The paper provides a well-founded analysis of situation specific drivers and limitations to quality targets and the complexity of Management Control Systems. Design/methodology/approach – The paper builds on prior case study results and uses a descriptive quantitative approach based on financial data from Stern Stewart Co. and data on customer satisfaction from the American Customer Satisfaction Index (ACSI). Findings – It is underscored that the way companies can and should deal with a strategic target as...
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