December 31, 2017

MBA Core Management Knowledge - One Year Revision Schedule


The blog contains articles on all management subjects developed using the most popular book on the subject. You can read articles on the sybject of your choice or use the following schedule.


One Year MBA Knowledge Revision Plan

Revision Schedule


Current Month -  April  


January  - February  - March  - April  - May   -   June

July       - August     - September  - October  - November  - December


Subject Details of Each Month



January  (Principles of Management) - February (P.of M & Marketing Management from 23 Feb 2015 )
March (Mktg. Mgmt. & Operations Management from 17 March 2015)  -
April  (Supply Chain Management and Financial & Cost Accounting)

May  (Management Accounting & Organizational Behavior)  -
June (Innovation, Industrial Engineering and Economics)

July  (Economics, Engineering Economics, & Managerial Ethics)   - August    (Statistics, Quality and Six Sigma, OR & BRM)

September (HRM, Mentoring, Training, Maintenance, Energy & Environment Management)  -  October  (Information Technology and Management Information Systems, Logistics - Warehousing and Transport)

November (Strategic Management & Financial Management)  - December (Business Laws, Negotiation, Taxes and Government Relations)

Subject                                               Revision Period

Principles of Management                15 January   to   19 February

Marketing Management                    22 February to   16 March

Operations Management                   17 March     to    2 April

Supply Chain Management                 3 April       to  15 April

Financial & Cost Accounting            16 April       to  12 May




I am participating in April A to Z Blogging Challenge and I am writing on the theme Top Management Challenges.

Top Management Challenges.


Article 1: Awareness of Environment
http://nraomtr.blogspot.com/2017/04/awareness-of-environment.html




Updated 1 April 2017.  22 February 2017,  10 December 2015




May 31, 2017

May - Management Knowledge Revision



First Week  1 May to 5 May 2016


Cost Information for Pricing Decisions
Cost Behavior Analysis and Relevant Costs

Costing for Strategic Profitability Analysis
Cost Information for Customer Profitability Analysis

Costing for Spoilage, Rework and Scrap
Costing for Quality, Time and the Theory of Constraints

Costing for Inventory Management, JIT and Backflush
Cost Information and Analysis for Capital Budgeting

Cost Information for Management Control and Performance Control
Cost Information for Transfer Pricing

Second Week 8 May to 12 May 2016


Managerial Accounting or Management Accounting - Review Notes
Relevant Information and Decision Making - Marketing Decisions

Relevant Information and Decision Making - Production
Relevant Information and Decision Making - HR

The Master Budget - Accounting Information
Flexible Budgets and Variance Analysis - Review Notes

Responsibility Accounting for Management Control
Accounting Information for Management Control in Divisionalized Companies

Capital Budgeting - Accounting and Cost Information


Revision of Organizational Behavior

________________



















________________




Introduction to Organizational Behavior

Third Week   15 May to 19 May

Environmental context: Information Technology and Globalization
 Environmental context: Diversity and Ethics

 Organizational Context: Design and Culture
Organizational Context:: Reward Systems

Perception and Attribution
Personality and Attitudes

Motivational Needs and Processes
Positive Psychology Approach to OB


Communication
 Decision Making

Fourth Week  20 May to 25 May 2015


 Stress and Conflict
Power and Politics

Groups and Teams
 Managing Performance through Job Design and Goal Setting

 Behavioral Performance Management
Effective Leadership Process


Great Leaders: Styles, Activities, and Skills
Principles of Innovation

Innovation - Strategic Issues and Methodology
Idea Generation in Organizations


28 & 29 May

To June - Management Knowledge Revision

May Month - Birthdays of Management Scholars and Business and Industry Magnates and Accomplished Professionals - Biographies


1
2
3 - Sidney S. Alexander (1916)
4
5 - Jerry A. Hausman (1946)
6 - Sigmund Freud (1856), Kenneth Blanchard (1939)
7
8 - Benjamin Graham (1894)  [Graham - Rao Method]
9
10 - Daniel Bell (1919), William James Reddin (1930),  Ikujiro Nonaka (1935)
11 - Morris Llewellyn Cooke (1872)
12 - Thomas H. Carroll II (1914)
13
14 - William R. Spriegel (1893), Mark Zuckerberg (1984) [Zuckerberg - Narayana Rao Reading Challenge 2015]
15 - Paul Samuelson (1915)
16 - Edward T. Hall (1914), Merton Miller (1923), Robert Butler Wilson Jr. (1937),  Catherine Tucker (1977)
17
18
19 - Harold Koontz (1908) Biography: http://mtrrp.blogspot.com/2014/05/prof-dr-harold-koontz-biography-and.html
20 - Henry Gantt (1861), Edwin C. Nevis (1926)
21
22
23 - Michael Porter (1947)
24 - Lilian Gilbreth (1878),
25 - Paul Cootner (1930)
26
27 - Philip Kotler (1931)
28
29
30
31




One Year MBA Knowledge Revision Plan

January  - February  - March  - April  - May   -   June

July  - August     - September  - October  - November  - December

_____________________________________________________

Old Plan
To be Removed



Opportunities or Areas for Innovation














Product Design Efficiency Engineering

Project Management - Introduction - Revision Article



Selling Process – Prospecting

Sales Process – Call Planning



Approaching the Prospect

Interacting with the Prospect



Prospect Objections During Sales Presentations

Trial Close



Sales Closing Techniques

Service to Customer: Follow Up After The Sale

Second Week


Risk Premium

Safety Stock Determination



Scanning of Environment for Marketing Ideas

Scientific Approach, Engineering Approach, Management Approach



SHAREHOLDER VALUE MANAGEMENT THEORY REVIEW

Software Cost Management



Statistics - Introduction

Stock Market Efficiency Theory and Implications for Financial Management



Supervision - Introduction - Public Administration

Supply Chain Cost Reduction

Third Week






Suppy Behavior/Decisions of Firm in Competitive Markets

System Design Principles



Talent Management

Target Costing and Target Cost Management



Total Improvement Management

Total Industrial Engineering - H. Yamashina



Valuation and Verification of Closing Stock - Auditing

Valuation of Bonds and Equity Shares

Fourth Week



Variance Analysis, Flexible Budget and Management Control





What is Strategy in Simple Terms?

Who is a Knowledge Worker?



Communities of Practice

Audit Report - Auditing



Political Strategies in Use for Acquiring and Using Power

Personal Power and Social Power



Soft Power - Hard Power

Power - The Concept and Theory in Organizational Behavior





























May 25, 2017

May - Management Knowledge Revision with Links






First Week  1 May to 5 May 2016


Cost Information for Pricing Decisions
Cost Behavior Analysis and Relevant Costs

Costing for Strategic Profitability Analysis
Cost Information for Customer Profitability Analysis

Costing for Spoilage, Rework and Scrap
http://nraomtr.blogspot.com/2011/12/costing-for-spoilage-rework-and-scrap.html
Costing for Quality, Time and the Theory of Constraints
http://nraomtr.blogspot.com/2011/12/costing-for-quality-time-and-theory-of.html


Costing for Inventory Management, JIT and Backflush
Cost Information and Analysis for Capital Budgeting

Cost Information for Management Control and Performance Control
Cost Information for Transfer Pricing

Second Week 8 May to 12 May 2016


Managerial Accounting or Management Accounting - Review Notes
Relevant Information and Decision Making - Marketing Decisions

Relevant Information and Decision Making - Production
Relevant Information and Decision Making - HR

The Master Budget - Accounting Information
Flexible Budgets and Variance Analysis - Review Notes

Responsibility Accounting for Management Control
http://nraomtr.blogspot.com/2011/12/responsibility-accounting-for.html
Accounting Information for Management Control in Divisionalized Companies
http://nraomtr.blogspot.com/2011/12/accounting-information-for-management.html

Capital Budgeting - Accounting and Cost Information


Revision of Organizational Behavior

________________



















________________




Introduction to Organizational Behavior
http://nraomtr.blogspot.com/2011/12/introduction-to-organizational-behavior_06.html

Third Week   15 May to 19 May

Environmental context: Information Technology and Globalization
 Environmental context: Diversity and Ethics

 Organizational Context: Design and Culture
Organizational Context:: Reward Systems

Perception and Attribution
http://nraomtr.blogspot.com/2011/12/perception-and-attribution-review-notes.html
Personality and Attitudes
http://nraomtr.blogspot.com/2011/12/personality-and-attitudes-review-notes.html

Motivational Needs and Processes
http://nraomtr.blogspot.com/2011/12/motivational-needs-and-processes-review.html
Positive Psychology Approach to OB
http://nraomtr.blogspot.com/2011/12/positive-psychology-approach-to-ob.html


Communication
http://nraomtr.blogspot.com/2011/12/communication-review-notes.html
Decision Making
http://nraomtr.blogspot.com/2011/12/decision-making-review-notes.html

Fourth Week  22 May to 26 May 2015



Stress and Conflict
http://nraomtr.blogspot.com/2011/12/stress-and-conflict-review-notes.html
Power and Politics
http://nraomtr.blogspot.com/2011/12/power-and-politics-review-notes.html

Groups and Teams
http://nraomtr.blogspot.in/2011/12/groups-and-teams-review-notes.html
Managing Performance through Job Design and Goal Setting
http://nraomtr.blogspot.in/2011/12/managing-and-leading-for-high.html

Behavioral Performance Management
http://nraomtr.blogspot.in/2011/12/behavioral-performance-management.html
Effective Leadership Process
http://nraomtr.blogspot.in/2011/12/effective-leadership-processes-revision.html


Great Leaders: Styles, Activities, and Skills
http://nraomtr.blogspot.in/2011/12/great-leaders-styles-activities-and.html
Principles of Innovation
http://nraomtr.blogspot.in/2014/11/the-ten-principles-of-innovation.html

Innovation - Strategic Issues and Methodology
http://nraomtr.blogspot.com/2014/11/innovation-strategic-issues-and.html
Idea Generation in Organizations
http://nraomtr.blogspot.com/2014/11/idea-generation-in-organizations.html


28 & 29 May

To June - Management Knowledge Revision

May Month - Birthdays of Management Scholars and Business and Industry Magnates and Accomplished Professionals - Biographies


1
2
3 - Sidney S. Alexander (1916)
4
5 - Jerry A. Hausman (1946)
6 - Sigmund Freud (1856), Kenneth Blanchard (1939)
7
8 - Benjamin Graham (1894)  [Graham - Rao Method]
9
10 - Daniel Bell (1919), William James Reddin (1930),  Ikujiro Nonaka (1935)
11 - Morris Llewellyn Cooke (1872)
12 - Thomas H. Carroll II (1914)
13
14 - William R. Spriegel (1893), Mark Zuckerberg (1984) [Zuckerberg - Narayana Rao Reading Challenge 2015]
15 - Paul Samuelson (1915)
16 - Edward T. Hall (1914), Merton Miller (1923), Robert Butler Wilson Jr. (1937),  Catherine Tucker (1977)
17
18
19 - Harold Koontz (1908) Biography: http://mtrrp.blogspot.com/2014/05/prof-dr-harold-koontz-biography-and.html
20 - Henry Gantt (1861), Edwin C. Nevis (1926)
21
22
23 - Michael Porter (1947)
24 - Lilian Gilbreth (1878),
25 - Paul Cootner (1930)
26
27 - Philip Kotler (1931)
28
29
30
31




One Year MBA Knowledge Revision Plan

January  - February  - March  - April  - May   -   June

July  - August     - September  - October  - November  - December

_____________________________________________________

Old Plan
To be Removed



Opportunities or Areas for Innovation














Product Design Efficiency Engineering

Project Management - Introduction - Revision Article



Selling Process – Prospecting

Sales Process – Call Planning



Approaching the Prospect

Interacting with the Prospect



Prospect Objections During Sales Presentations

Trial Close



Sales Closing Techniques

Service to Customer: Follow Up After The Sale

Second Week


Risk Premium

Safety Stock Determination



Scanning of Environment for Marketing Ideas

Scientific Approach, Engineering Approach, Management Approach



SHAREHOLDER VALUE MANAGEMENT THEORY REVIEW

Software Cost Management



Statistics - Introduction

Stock Market Efficiency Theory and Implications for Financial Management



Supervision - Introduction - Public Administration

Supply Chain Cost Reduction

Third Week






Suppy Behavior/Decisions of Firm in Competitive Markets

System Design Principles



Talent Management

Target Costing and Target Cost Management



Total Improvement Management

Total Industrial Engineering - H. Yamashina



Valuation and Verification of Closing Stock - Auditing

Valuation of Bonds and Equity Shares

Fourth Week



Variance Analysis, Flexible Budget and Management Control





What is Strategy in Simple Terms?

Who is a Knowledge Worker?



Communities of Practice

Audit Report - Auditing



Political Strategies in Use for Acquiring and Using Power

Personal Power and Social Power



Soft Power - Hard Power

Power - The Concept and Theory in Organizational Behavior




























May 11, 2017

Organizational Behavior - Revision Articles with Links and Schedule


Organizational Behavior - Revision Articles Based on Fred Luthans Book






12 May

Introduction to Organizational Behavior



May Third Week   15 May to 19 May 2015


Environmental context: Information Technology and Globalization
Environmental context: Diversity and Ethics

Organizational Context: Design and Culture
Organizational Context:: Reward Systems

Perception and Attribution
Personality and Attitudes

Motivational Needs and Processes
Positive Psychology Approach to OB


Communication
Decision Making

Fourth Week  22 May to 26 May 2015



Stress and Conflict
Power and Politics

Groups and Teams
Managing Performance through Job Design and Goal Setting

Behavioral Performance Management
Effective Leadership Process


Great Leaders: Styles, Activities, and Skills






Innovation Management

Principles of Innovation

Innovation - Strategic Issues and Methodology
Idea Generation in Organizations


To June - Management Knowledge Revision


Updated  13 May 2017



Writing on Top Management Challenge Areas - Reflection


Writing on Top Management Challenge Areas for A to Z Blogging Challenge - Reflection





For the April A to Z Blogging Challenge 2017, I wrote on the theme top management challenges. I got an opportunity to think about the issues facing the top management and do literature review regarding the topic. I realize now that I can continue the work on these articles for further and provide a further list of related articles that can be read by interest top managers to develop an understanding of the published literature on the issues identified. Thus I see the potential for studying and enlarging the ideas during the rest of the year. So I am happy that my exercise is a fruitful one.

Index to all articles published

Page views count of each article

I got more than 5000 page views for the articles during the challenge period. I am happy with the page view performance also.

I intend to write next year on the theme Entrepreneurial CEO Characteristics and Activities. The series will use the article "HIRING AN ENTREPRENEURIAL LEADER". By: BUTLER, TIMOTHY. Harvard Business Review. Mar/Apr2017, Vol. 95 Issue 2, p84-93. as the primary resource. The topics are likely to be from the following.

CONSISTENCY or FLEXIBILITY
PROVEN or POTENTIAL
CAREFUL or BOLD
EXPLORE or SETTLE
PREDICTABLE or POSSIBLE
BONUS or SALARY
SAFETY or OPPORTUNITY
MEDAL or JOY
PUZZLE or BLANK CANVAS
NIMBLE or STEADY
CHANGE or CONSTANT
KNOWN or UNKNOWN
PATIENCE or EXCITEMENT
FRONTIER or HOME
SET or OPEN
WILD or TAME
VARIETY or CERTAINTY
INHERIT or CREATE
OWN or MANAGE
SUGGEST or DIRECT
LEAD or PARTICIPATE
SHAPE or CONTROL
CAPTAIN or NAVIGATOR
OWNERSHIP or TITLE
GRACE or POWER
COMPLETE or REFLECT
ASPIRE or ACCOMPLISH
MEMBERSHIP or POSSESSION
KNOWLEDGE or POWER
PRESIDENT or MINISTER
PROFIT or EQUITY

I shall try to collect information and create initial posts and then make the updated posts for the April Challenge.

I thank the A to Z team  Arlee to Zealous participants for creating a network of bloggers and an event for acting and interacting. I intend to participate in the activities of AtoZ Challenge throughout the next year.

May 7, 2017

Business Reimagination - Digital Reimagination


It is the period of business reimagination.

Sometime back we had business process reengineering. Now we have business reimagination. This reimagination is triggered by new digital technologies. It is also being named digital reimagination.


Digital Reimagination

Five key technologies (Digital Five Forces)  are  maturing and  precipitating
the shift to the Digital Consumer Economy. These are Mobility and Pervasive Computing, Big Data,
Social Media, Cloud, and AI-Robotics. These forces are  being used in various permutations
and combinations to drive new applications. As a result, new Digital Composite Forces are emerging.

Foremost among them is the Internet of Things, which combines mobility and pervasive computing,
big data, cloud, and—increasingly—artificial intelligence.

Large number of  devices can be connected to the IoT  driving new economic opportunities. “Digital Reimagination.” involves leveraging a combination of the Digital Five Forces and Digital Composite Forces to reimagine the enterprise along one or more of six dimensions: business models, products and services, customer segments, channels, business processes, and workplaces.
http://info.tcs.com/rs/tcs/images/Report-HBR-ConnectedProducts.pdf
http://nraomtr.blogspot.com/2016/03/internet-of-things-businessvalue.html

When did the term start.

We are investigating. This 2012 presentation carries lots of examples of changes that occurred in various forms due to digital technologies.

https://scholarlykitchen.sspnet.org/2012/06/01/mary-meekers-internet-trends-2012-the-reimagination-of-nearly-everything/


2017 Videos

Lubomira Rochet, Digital Transformation at L'Oreal
____________________

____________________
Said Business School, Oxford University
27 April 2017


The Re-Imagination of Healthcare and What's to Come -- 2013 DHC
December 2013
Moderated by StartUp Health's CEO Steven Krein, this panel of industry experts discusses why there has never been a more exciting time for healthcare innovation and what this means to healthcare ecosystem stakeholders like providers, patients, entrepreneurs, government, corporations, and investors. This forward-looking discussion explores how the Golden Age of Entrepreneurship and Digital Health is creating an innovation landscape in healthcare like we've never seen before.

Moderator: Steven Krein -- Co-Founder and CEO, StartUp Health

Eric Gertler -- Executive Vice President, New York City Economic Development Corporation

Maria Gotsch -- President and CEO, Partnership Fund for New York City

Ryan Olohan -- National Industry Director, Healthcare, Google

Todd Pietri -- General Partner, Milestone Venture Partners

www.DigitalHealthConference.com
www.nyehealth.org

__________________

__________________
NYeHealth


Re-Imagining Work
Published on 25 Sep 2013
Dave Coplin, Chief Envisioning Officer at Microsoft, imagines what might be possible if more organisations embraced the full, empowering potential of technology & encouraged an open, collaborative & flexible working culture. Discover more RSA animations: http://bit.ly/1FKMHGv.
The RSA

__________________

__________________


Become the Digital Transformation Expert in Your Organization -- Top 20 Whitepapers on Digital Transformation
Published on May 9, 2017
https://www.linkedin.com/pulse/become-digital-transformation-expert-your-top-20-whitepapers-tang

Number of MBAs in the World



The first MBA was started at  Dartmouth College’s Tuck School 114 years (1904) ago with a four-student class.

In 2011-2012, 191,571 people graduated from U.S. schools with advanced degrees in business, some 25.4% of all the master’s degrees conferred. That compares with 178,062 master’s degrees in education, or 23.6%, of all the advanced degrees.

More than 16 million people in the U.S., roughly 8% of the country's population, now has a master's on his or her resume (2014)


On  July 19 2013,  Financial Times, p. 8, has a report on business schools (Emma Boyde, “A degree of relevance for the 21st C.?”   p. 8).   According to FT,    there are 15,673 institutions worldwide offering business degrees at all levels.    Basically, America invented the MBA.  In 2011-12,  some 156,400 students were enrolled in US MBA programs.

 



For detailed reading

http://fortune.com/2014/05/31/mba-popular-masters-degree/

https://timnovate.wordpress.com/2013/07/17/too-many-mbas-in-the-world/



India

April 2016
India has at least 5,500 B-schools in operation now.
In 2015-16, these schools offered a total of 5,20,000 seats in MBA courses, compared to 3,60,000 in 2011-12.


January 2015
According to AICTE, the number of management institutions have risen from 2,614 in 2006-07 to 3,364 in 2013-14.
According to All India Council for Technical Education (AICTE), 3,54,421 students enrolled for MBA in 3,364 institutions across the country last year.


http://economictimes.indiatimes.com/news/industry/services/education/out-of-three-lakh-mba-graduates-every-year-only-10-are-employable-experts/articleshow/45867352.cms

http://www.assocham.org/newsdetail.php?id=5651