Courage to Walk the Razor's Edge“To dare is to lose one's footing temporarily. To not dare is to lose oneself.” - Soren KierkegaardThe chorus of Jana Stanfield’s and Jimmy Scott’s song, "If I Were Brave", describes the razor’s edge as the place “fools and dreamers dare to tread.” Those who always keep their feet planted safely upon the ground would probably agree.I would submit that it is more foolish to avoid the razor’s edge because of a fear of failing. You cannot avoid failure without avoiding success. Virtually all of the great achievements
he technical worker was absent. Therefore the average daily production was revised for 38 days for the group of three workers including technical worker were present. This understanding helped me to formulate the problem.
Problem statement
Does the coating section require four workers including technician?
Solution
To solve the problem, a test of hypothesis is performed by the use of Z test particularly to find the difference between the two sample means.
Sample 1 when there were four workers including technician
Sample 2 when there were th
Mobile Oil Change and Mobile Auto Detailing Business Combinations?Many a young man might consider a mobile detailing business and if they like to work on cars and are mechanically inclined perhaps a mobile oil change business too? This way they could detail customer’s cars every month, change the oil every three months and wash the cars each week. But does oil and water really mix all that well?Well sounds good enough doesn’t it? However, personally even if you are a “Car Guy” well, I do not recommend cleaning cars and oil changes out of the same unit and further would say if you are c
Background
I finished my MBA in October 1985 and placed at M/S. XYZ Pvt. Ltd. (the real name of the company is hidden)as a Management Trainee. The Company produces empty containers used by tooth powder, face powder and paint manufactures. The process of production of containers was as follows.
Production Process
Tin plate sheets are cut according to the size of the containers and then transferred to coating and printing departments where first coating used to be given to the sheets and then as per the buyers instructions, the printing of label, logo, etc. get printed. After drying in the oven, the sheets were shifted to fabrication department to mould and weld the sheets to get the containers. The finished containers will be send to the quality control to check the quality aspects and the good containers will be given to the packing section from where the packed containers will be dispatched to the buyers.
My Assignment
I was posted to the coating and printing department to evaluate the productivity of the coating section. In the coating section the maximum allotted workers were four of which one technical and the rest were non-technical. My assignment was not clear and specific.
Methodology I followed
After going through the daily attendance record for the previous three month period, I came to know for a good number of days the coating section was run with three workers (one technical and two non technical) also. It gave me an idea to proceed further. I found there were three workers present for 41 days and four workers were present for 49 days of the selected period of 90 days. I collected data of daily production in terms of number of sheets coated when three workers were present and when four workers were present separately. I computed daily average production using arithmetic mean and standard deviation for the two groups. Apparently I found there was difference. Based on this, I found there was a problem of more number of workers allotted than required. Before formulating the problem I interviewed the workers and the supervisor. In the interview process it was revealed that when technical worker was absent, the supervisor used to help and when non-technical worker was absent the workers used to adjust. Of the 41 days, only for three days the technical worker was absent. Therefore the average daily production was revised for 38 days for the group of three workers including technical worker were present. This understanding helped me to formulate the problem.
Problem statement
Does the coating section require four workers including technician?
Solution
To solve the problem, a test of hypothesis is performed by the use of Z test particularly to find the difference between the two sample means.
Sample 1 when there were four workers including technician
Sample 2 when there were thr
Are You an Ostrich or Angry?In the 1974 multiple Oscar winning movie “Network,” the character Howard Beale, a network news anchor played by Peter Finch loses his mind on live TV after learning that he will be fired. He states that he is “madder than hell and I’m not going to take it anymore!” He exhorts his TV audience to think about the awful, unfair things they are tolerating in their lives and “go to your window, open it, and shout it over and over” until pretty soon, seemingly everyone in Manhattan is standing at their open windows shouting it out a
printed. After drying in the oven, the sheets were shifted to fabrication department to mould and weld the sheets to get the containers. The finished containers will be send to the quality control to check the quality aspects and the good containers will be given to the packing section from where the packed containers will be dispatched to the buyers.
My Assignment
I was posted to the coating and printing department to evaluate the productivity of the coating section. In the coating section the maximum allotted workers were four of which one technical and the rest were non-technical. My assignment was not clear and specific.
Methodology I followed
After going through the daily attendance record for the previous three month period, I came to know for a good number of days the coating section was run with three workers (one technical and two non technical) also. It gave me an idea to proceed further. I found there were three workers present for 41 days and four workers were present for 49 days of the selected period of 90 days. I collected data of daily production in terms of number of sheets coated when three workers were present and when four workers were present separately. I computed daily average production using arithmetic mean and standard deviation for the two groups. Apparently I found there was difference. Based on this, I found there was a problem of more number of workers allotted than required. Before formulating the problem I interviewed the workers and the supervisor. In the interview process it was revealed that when technical worker was absent, the supervisor used to help and when non-technical worker was absent the workers used to adjust. Of the 41 days, only for three days the technical worker was absent. Therefore the average daily production was revised for 38 days for the group of three workers including technical worker were present. This understanding helped me to formulate the problem.
Problem statement
Does the coating section require four workers including technician?
Solution
To solve the problem, a test of hypothesis is performed by the use of Z test particularly to find the difference between the two sample means.
Sample 1 when there were four workers including technician
Sample 2 when there were th
Disaster Prevention Tips For Hiring A New ManagerIt happens over and over in businesses every day.Within large companies, people are promoted to management positions to reward them for performance as individual contributors. After all, the compensation system limits reward options, so why not just promote them?In small businesses, the owner is getting overwhelmed with all that needs to be done. They think that hiring a manager is the solution to give them a little more balance. The hunt begins!Unless you get the RIGHT person for the position, both case
t were non-technical. My assignment was not clear and specific.
Methodology I followed
After going through the daily attendance record for the previous three month period, I came to know for a good number of days the coating section was run with three workers (one technical and two non technical) also. It gave me an idea to proceed further. I found there were three workers present for 41 days and four workers were present for 49 days of the selected period of 90 days. I collected data of daily production in terms of number of sheets coated when three workers were present and when four workers were present separately. I computed daily average production using arithmetic mean and standard deviation for the two groups. Apparently I found there was difference. Based on this, I found there was a problem of more number of workers allotted than required. Before formulating the problem I interviewed the workers and the supervisor. In the interview process it was revealed that when technical worker was absent, the supervisor used to help and when non-technical worker was absent the workers used to adjust. Of the 41 days, only for three days the technical worker was absent. Therefore the average daily production was revised for 38 days for the group of three workers including technical worker were present. This understanding helped me to formulate the problem.
Problem statement
Does the coating section require four workers including technician?
Solution
To solve the problem, a test of hypothesis is performed by the use of Z test particularly to find the difference between the two sample means.
Sample 1 when there were four workers including technician
Sample 2 when there were th
Auditing Improves Effective PlanningSpeak of operations assessment, and we’ll hear its significant value. Speak of an audit, and we’ll run for the nearest emergency exit. There’s no difference between the two, yet that word audit chills us. But is an audit really designed to help us or hurt us?Improve Performance with AuditingProblems most often arise from poor planning. Sometimes we’re uncertain if we’re tackling the correct issues and dealing with them the right way. However, we can improve our assumptions about processes and performance wi
present and when four workers were present separately. I computed daily average production using arithmetic mean and standard deviation for the two groups. Apparently I found there was difference. Based on this, I found there was a problem of more number of workers allotted than required. Before formulating the problem I interviewed the workers and the supervisor. In the interview process it was revealed that when technical worker was absent, the supervisor used to help and when non-technical worker was absent the workers used to adjust. Of the 41 days, only for three days the technical worker was absent. Therefore the average daily production was revised for 38 days for the group of three workers including technical worker were present. This understanding helped me to formulate the problem.
Problem statement
Does the coating section require four workers including technician?
Solution
To solve the problem, a test of hypothesis is performed by the use of Z test particularly to find the difference between the two sample means.
Sample 1 when there were four workers including technician
Sample 2 when there were th
Cross Cultural Communication NeedsCross Cultural Communication needs..Within the business context, cross cultural communication refers to interpersonal communication and interaction across different cultures. This has become an important issue in our age of globalisation and internationalisation. Effective cross cultural communication is concerned with overcoming cultural differences across nationality, religion, borders, culture and behaviour.Cross cultural communication is critical to the business world. The diversity of people in cities
he technical worker was absent. Therefore the average daily production was revised for 38 days for the group of three workers including technical worker were present. This understanding helped me to formulate the problem.
Problem statement
Does the coating section require four workers including technician?
Solution
To solve the problem, a test of hypothesis is performed by the use of Z test particularly to find the difference between the two sample means.
Sample 1 when there were four workers including technician
Sample 2 when there were three workers including technician
After the test of the hypothesis it was found that there was no significant difference in the average daily production between the two samples. This implies that there was one extra worker allotted to that extent the productivity of the coating section was affected.
Reporting and Execution
The finding was reported to the General Manager (works) and discussed. The method of identifying and confirming the problem was appreciated and discussed with the supervisor. I arranged a meeting by calling the leader of the workers union and the supervisor in the presence of the General Manager and I suggested to transfer one non-technical worker from coating section to other department where his services are required. The General Manager (Works) as well as the leader of the workers union and the supervisor had accepted and immediately executed. I observed the average daily production for three months after the execution of the suggestion and did the analysis. It is revealed that the average daily production was same when compared to that of before execution of the suggestion. With this the Management was totally convinced. Thus the cost of running the coating section was reduced and was reflected on the productivity of the section favorably. That is how I identified the problem and solved the same.
Many of you may have been exposed to the original online stock scheme where spammers will send out stock picks on penny stocks creating buzz that artificially drives up the price of these worthless stocks. As the price hits the daily high the spammers liquidate their own holdings and walk away with the profits leaving those buyers with the worthless stock. This old fraud scheme has been manipulated and redirected at users of public computers specifically hotel users.
The myth of diversity has been created by the companies and their diversity managers but diversity management is not a myth itself. But diversity myth and diversity management numerous failures are not workable in modern business and human resources management.
What have you done for your existing customers lately? Probably not much, if you are like most businesses. I know that hunting new business is more of an adrenaline rush than working the business you already have, but it is not as crucial to your long-term success.