As a manager of your enterprise, it is your task to make sure that the members of your team know about the expectations of the organisation from them. However, this should be within the capacity of the individual. This should be communicated in clear terms. Good performance would be offered as a challenge The objective would be time-related and would involve team work.
This involves planning, setting up and control of the project. In order to carry this out the manager has to specify objectives. This is followed by a cost-benefit appraisal and determination of the who, when and how of the project. Progress is monitored and corrective action is taken wherever required. Evaluation at the end of project to compare the objectives and achievements should be taken up.
Here the entrepreneur as a manager has to forecast the work to be done, decide on the time-scale, the people needed, set targets, plan the operations, the materials and the facilities required. Lastly he must draw out a budget. Examine your strategies and objectives from time to time to make sure that your long-term strategies and objectives are correct. Effect corrections if necessary
The Kepner-Tregoe Matrix™ is a special, well-orchestrated, synchronized and documented Root Cause Analysis and decision-making method. It is a conscious, step-by-step approach for systematically solving problems, making good decisions, and analyzing potential risks and opportunities. It helps you maximize critical thinking skills, systematically organize and prioritize information, set objectives, evaluate alternatives, and analyze impact. The Kepner-Tregoe analysis provides assistance with unbiased decision-making. It is a structured methodology for identifying and ranking all factors critical to the decision. As a tool, this process is used primarily because it limits conscious and unconscious biases that tend to track a decision away from its
Singapore, 1 February: Singapore is considering setting up a Special Economic Zone in India to help in augmenting FDI from the city state as the two countries Wednesday [1 February] agreed to work towards an Asian Economic Community, implement on time Comprehensive Economic Cooperation Agreement and explore the untapped potential for cooperation in science and technology.Singapore's senior minister Goh Chok Tong told visiting President A.P.J. Abdul Kalam here Wednesday...
Indian Institute of Management Kozhikode (IIM-K), is a three-day development programme (MDP) on project management on campus, in its Kunnamangalam near here on June 2. Saji Gopinath is coordinator of the program. Objectives The program is designed for people, the implementation of projects, planning and project monitoring and supervision in funding agencies and coordinate the implementation of projects. The objectives of the programme, participants are familiar with different network technologies, project management in developing an understanding of tools and techniques for effective time management and economies of scale in the projects. Hands-on Training The programme also addresses various issues, including the allocation of resources,
Setting your goals right Many a time, prospective clients approach us with the aim of undertaking financial planning. However, when we ask them as to why they want to undertake it, more often than not, they are puzzled. Some of the reasons commonly given are: they have heard that it is a useful thing or they believe it will make them rich. Only a few state that they believe in preparing and following a financial plan will enable them to achieve their financial goals. In other words, goals are the starting point. Lack of clarity regarding goals may render your
What is your destination or where you want to go, is the question. When you decide to visit a place in your own city or outside, you make all necessary preparations like buying a ticket, putting together your personal belongings, etc. Then you ascertain the train, bus or plane, its departure timings. You try to reach there in time and finally be at your destination. Thus, it is only when you fix up a target that you come into action, which begins with planning, and then execution of the planned activity. All successful people have very well realised this fact and
Earned Value Management is an integrated program measurement and management technique that integrates * technical performance requirements, * resource planning with schedules, * while taking risk into consideration. In other words, EVM is a management technique that relates resource planning to schedules and to technical cost and schedule requirements. All work is planned, budgeted, and scheduled in time-phased ''planned value'' increments, constituting a cost and schedule measurement baseline. Objectives of EVM There are two major objectives of an Earned Value Management system: 1. to encourage contractors to use effective internal cost
BioCon Kiran Mazumdar Shaw Director General to devote a two-day national conference on "Corporate Social Responsibility - Growth-2005-Kartavya 'by Saturday. The conference is organised by the Bharathidasan Institute of Management (BIM), Thiruchirappalli. While Tata Consultancy Services (TCS) is the main sponsor, Philips and ITC are cosponsors of the conference. Addressing a press conference here, Director Shan BIM Karan said that for many years of the Community were the development objectives of philanthropic activities, as separated by objectives. But in recent times a marked shift in thinking took place at the Corporate Social Responsibility (CSR) - business contribution to sustainable development of society, within
Negotiation is an indispensable management tool and a manager must acquire this ability. The spirit of any negotiation is compromise. You procure the agreement of the other party to the maximum of your demands. There is no situation where one party wins all the demands and the opposing party gets none. A good negotiator always allows his opponent to save face. In a negotiation there are primary demand and supportive demands. The primary demands are objectives that you must achieve while the secondary ones may or may not be achieved. The primary demands are not open to compromise, while the secondary
When Florida Atlantic University President Frank Brogan recently outlined his ten-year vision for the college, he announced his desire to see the school increase its number of online degree programs. In setting forth a lofty target, Brogan established a goal of increasing the number of online programs from its current 5 percent to an ambitious 25 percent of all degree offerings. Brogan is setting out a standard that should help students immensely. Primarily, students would no longer be forced to complete their programs by traveling to multiple campuses. Brogan noted that the ongoing flexibility that students seek today is critical.
Will Nova, Inc. a global provider of professional services of the Internet, announced today that it has a mission of Diagnostix. Com, Inc, a subsidiary of Sunquest Information Systems, Inc. (Nasdaq: SUNQ) To assist in setting up an interactive B2B portal aimed at improving the ability of doctors to improve the quality of diagnosis and treatment decisions. Diagnostix.com are automates the process of placing orders medical routine. The portal should allow doctors to prescribe drugs for laboratory tests and medical imaging and studies online, it will be a function automatically an alert on the potentially adverse events doctor. For example,
LAKHNAU: Directors of five Indian Institute of Management (IIMS), scheduled for Friday at Indian Institute of Management Lucknow (IIM-L). The meeting was supposed to light the importance of the Centre for the implementation of the previous decision of other classes (OBC) quota for Super speciality institutes and centres of expertise and how IIMS AIIMS. IIM directors of Ahmedabad, Bangalore, Calcutta, Indore, and it is anticipated that the participation of three to 18 days Annual Meeting of the Association of Indian management schools (AIMS) from the IIM Lucknow on Friday. The goal is a network of over 400 business schools in the country. Director