Articles on Management Subjects for Knowledge Revision and Updating by Management Executives ---by Dr. Narayana Rao, Professor (Retd.), NITIE - IIM Mumbai --- 4 MILLION Page Views---
Global Top Blog for Management Theory---Management for Effectiveness, Efficiency and Excellence.
Management is doing things acquiring and using resources. - Prof. Narayana Rao K.V.S.S. - 18.10.2024
A manager or an entrepreneur visualizes doing a thing, for example in business, it would be exchanging goods or services. He may produce the goods or services or he may procure them and offer to customers. To put the visualized idea into practice he requires resources. He has to acquire them and then use them to do business and pay for the services of each factor or resource used in the business. Theoretically, the entrepreneur only needs the idea which is acceptable to the resource providers.
The manager makes resource requirement plan. Initially it is an unconstrained resource requirement plan. He will list all the ideal resources. But as he tries to acquire resources constraints become visible and the manager has to modify the resource requirements to use available resources or resources that he could acquire.
(C) 2024 Narayana Rao K.V.S.S.
Earlier Explanation by me.
Definition of Management: Its Nature and Purpose
Management of an organization is the process of establishing objectives and goals of the organization periodically, designing the work system and the organization structure, and maintaining an environment in which individuals, working together in groups, accomplish their aims and objectives and goals of the organization effectively and efficiently (Narayana Rao). (3rd December 2008, Version 1 of this article)
Management of an organization is the process of establishing objectives and goals of the organization periodically, designing the work system and the organization structure, and maintaining an environment in which individuals, working together in groups in combination with capital equipment and current assets (working capital), accomplish their aims and objectives and goals of the organization effectively and efficiently (Narayana Rao). (24 January 2016).
The above definition was a modification of the definition given by Koontz and O'Donnell.
The definition implies the following.
(i) Management is a process. (ii) Management applies to every kind of organization, government, profit making, or nonprofit making.
(iii) It applies to managers at all levels in the organization.
(iv) Management is concerned with effectiveness and efficiency. Effectiveness is producing the product or service the customer wants in business context with the required functional benefits and product attributes at the price he is willing to pay. Efficiency is minimization of resources to produce the saleable output.
Weirich and Koontz
Weihrich and Koontz defined Management and explained it as follows in the tenth edition of their book Management: A Global Perspective (p.4).
"Management is the process of designing and maintaining an environment in which individuals, working together in groups, efficiently accomplish selected aims." This definition needs to be expanded:
1. As managers, people carry out the managerial functions of planning, organizing, staffing, leading, and controlling. 2. Management applies to any kind of organization. 3. It applies to managers at all organizational levels. 4. The aim of all managers is the same: to create a surplus. 5. Managing is concerned with productivity; this implies effectiveness and efficiency.
Functions of Management
The process of management can be better understood by breaking it down into the five basic functions of a manager – planning, organizing, staffing, leading and controlling. All the management concepts, principles, theories and techniques can be grouped under these five functions.
Professor Narayana Rao suggests planning, organizing, resourcing, executing and controlling as the appropriate steps for operational approach.
The resource point of view is emphasized in the RBV Definition of Management.
No doubt planning is required to establish the feasibility of the idea and to make a list of resources required. After resources are acquired execution of processes has to be there and control has to be there to modify plans based on achieved results to reach the expected final result for a period.
Study Details Baseline Needs to Bring Factories into Compliance with Labor Standards.
December 20, 2021 | Carly Brown
Researchers from North Carolina State University have conducted an in-depth study to establish all of the actions apparel factories will need to take in order to come into compliance with international labor standards. The study is a first step toward determining what such compliance would cost consumers, and building support for making the needed changes.
The Future of Supply Chain - NITIE Alumni Association Webinar!
22 Apr 2020
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2019
Trends in Supply Chain Design and Management: Technologies and Methodologies
Hosang Jung, Fengshan Frank Chen, Bongju Jeong
Springer Science & Business Media, 17-Jul-2007 - Business & Economics - 451 pages
With the rapid development of information and network technologies and market requirements, new challenges in supply chain design and management have emerged. Notably, there are four new technologies which can affect traditional supply chain management: Radio Frequency Identification (RFID) technology; mobile transaction technology; information handling and storage technology; and multi-agent technology. These new technologies enable global companies to change their ways of thinking about supply chain management in order to cope with the changing environment. In line with this rapid development of technologies are new challenging methodologies: sustainable supply chain management, advanced supply chain planning, available-to-promise (ATP) system and lean supply chain design and management.
Trends in Supply Chain Design and Management: Technologies and Methodologies is a collection of chapters from active researchers and practitioners which describe new trends in supply chain design and management with emphasis on technologies and methodologies. Each chapter contains guidelines detailing the real-world application(s) of the presented technologies and methodologies.
By reading Trends in Supply Chain Design and Management: Technologies and Methodologies, researchers will gain an insight into the evolving trends in supply chain design and management and practitioners will learn about the practical applications of the technologies and methodologies discussed. This book could also be used as a reference handbook by lecturers and postgraduate students in advanced supply chain design and management.
London UK, 14th June - Siemens Digital Industries Software announced today the immediate availability of Siemens Opcenter™ software, a cohesive portfolio of software solutions for manufacturing operations management (MOM).
Siemens Opcenter integrates MOM capabilities including advanced planning and scheduling, manufacturing execution, quality management, manufacturing intelligence and performance, and formulation, specification and laboratory management. The new portfolio combines products including Camstar™ software, SIMATIC IT® suite, Preactor, R&D Suite and QMS Professional into a single portfolio that unifies these widely recognised products and leverages synergies between them. A fully web-based, modern, consistent, adaptive and comfortable user interface implemented throughout the Siemens Opcenter portfolio offers a situationally adapted user experience and facilitates the implementation of new capabilities and additional components while reducing training efforts.
irms|360 Enterprise is designed to optimize efficiency at every level of the distribution supply chain. End-to-end visibility of products, people and process helps your organization achieve an unprecedented level of accountability. Higher visibility leads to absolute efficiency, improving customer satisfaction and increasing profits.
With off-the-shelf integration to industry leading manufacturing (MRP), enterprise (ERP), customer relationship management (CRM) solutions, irms|360 Enterprise is a cloud-based solution that can be delivered over the web as Software-as-a-Service (SaaS) or can be delivered as an on-premise solution.
Best and All Time Best Supply Chain Management Books
- Clockspeed: Winning Industry Control in the Age of Temporary Advantage by Charles H. Fine
- Designing and Managing the Supply Chain by David Simchi-Levi, Philip Kaminsky and Edith Simchi-Levi
- Essentials of Supply Chain Management by Michael H. Hugos
- Logistics and Supply Chain Management by Martin Christopher
- Logistics Management and Strategy: Competing through the Supply Chain by Alan Harrison and Remko Van Hoek
- Purchasing and Supply Chain Management by Robert Monczka, Robert Handfield, Larry Giunipero and James Patterson
- Purchasing and Supply Chain Management: Analysis, Strategy, Planning and Practice by Arjan J. Van Weele
- Strategic Supply Chain Management: The Five Core Disciplines for Top Performance by Shoshanah Cohen and Joseph Roussel
- Supply Chain Logistics Management by Donald Bowersox, David Closs and M. Bixby Cooper
Updated on 10 July 2020, 23 April 2020, 22 September 2019, 10 June 2019, 17 May 2019, 1 May 2019, 28 June 2017, 22 August 2017, 8 March 2016, 8 Dec 2015
May 2015
IndustryWeek Best Plants Conference & Expo to be held in Charlotte, N.C., May 4 to May 6,2015
Gain business-critical insights from top executives of world-leading companies, including
Paul Gallagher, President of Supply for North America, Diageo
Bill Muir, Chief Operating Officer, Jabil
Avi Reichental, President & CEO, 3D Systems
Todd Rytting, Chief Technology Officer, Panasonic Corporation of North America
Plant Tours Give Behind-the-Scenes Looks
Plant tours include a behind-the-scenes look at each facility’s continuous improvement initiatives. Tours include BMW Manufacturing Co.; Bosch Rexroth Charlotte Plant; Flextronics – Charlotte; Jacobsen, A Textron Company; National Gypsum Mt. Holly, NC Plant; Siemens Charlotte Energy Hub; Snyder's-Lance Inc.; State Farm Multi Regional Service Facility (MRSF) – East; and TE Connectivity - Rock Hill Facility.
Six Tracks Mirror Mission-Critical Priorities
Tailor your learning experience by choosing from among 36 sessions across six tracks, including
What Makes Great Leaders? Ask the People Who Work for Them
June 21, 2022
Five core characteristics shine through.
John Baird
Edward Sullivan
The following is an excerpt from the new book Leading with Heart: 5 Conversations That Unlock Creativity, Purpose, and Results by John Baird and Edward Sullivan (Harper Business: 2022).
1. They are aware of their people’s needs.
2. They confront their people’s fears.
3. They understand their own desires and what drives their people.
Leaders today are tasked with delivering results, understanding people and creating/maintaining their image or personal brand.Leaders today are tasked with delivering results, understanding people and creating/maintaining their image or personal brand.
Care about the people along with the process and results.
Listen instead of thinking I know it all.
Empower and make others feel good about themselves and their contribution to group activity.
Create small wins - Appreciate and Celebrate.
Display high EQ instead of only high IQ.
Buddhist tradition describes three styles of compassionate leadership
Buddhist tradition describes three styles of compassionate leadership: the trailblazer, who leads from the front, takes risks, and sets an example; the ferryman, who accompanies those in his care and shapes the ups and downs of the crossing; and the shepherd, who sees every one of his flock into safety before himself. Three styles, three approaches, but what they have in common is an all-encompassing concern for the welfare of those they lead. - Dalai Lama., 2019, HBR article
Making others better as a result of your presence, your communication, your direction, decision and action are at the heart of leadership.
Leadership is not wielding authority; it's empowering others.
It is the ability to transfer power. It is the ability to make others powerful.
Lolly Doskal - TedX Talk
2018
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4 Ways to make sure people working for you love you.
1. Create a work place you love as a person.
2. Encourage creativity and involvement.
3. Don't focus only on pay, make work flexible and comfortable
4. Give rest breaks and allow persons to recover from fatigue. Insert work gaps for even small durations. https://www.inc.com/amy-vetter/4-ways-to-make-sure-people-love-working-for-you.html
Founder and CEO of Lead From Within. Her proprietary leadership program is based on a mix of modern philosophy, science, and nearly thirty years coaching top executives, Lolly’s perspective on leadership continues to break new ground and produce exceptional results.
Lolly was designated a:
Top-50 Leadership and Management Expert by Inc.com
100 Great Leadership Speakers for Your Next by Inc. magazine.
Huffington Post honored Lolly with the title of The Most Inspiring Woman in the World.
Her writing has appeared in HBR, Inc.com, Fast Company (Ask The Expert), Huffington Post,
and Psychology Today, and others.
Lolly Daskal’s new book, The Leadership Gap: What Gets Between You and Your Greatness is
a Wall Street Journal Bestseller.
Previous bestseller is Thoughts Spoken From the Heart
Jon Maner
Jon Maner is a professor of management and organizations at Kellogg School of Management, Northwestern University.
DECEMBER 05, 2016, HBR Article
Our most recent research, however, suggests that a small subset of leadership skills closely correlates with leadership success, particularly among frontline leaders. Using our own practical experience and searching the relevant academic literature, we came up with a comprehensive list of 20 distinct leadership traits. We did a survey and found that leaders in organizations with high-quality leadership teams typically displayed 4 of the 20 possible types of behavior; these 4, indeed, explained 89 percent of the variance between strong and weak organizations in terms of leadership effectiveness .
• Solving problems effectively: The process that precedes decision making is problem solving, when information is gathered, analyzed, and considered.
• Operating with a strong results orientation: Leadership is about not only developing and communicating a vision and setting objectives but also following through to achieve results. Leaders with a strong results orientation tend to emphasize the importance of efficiency and productivity and to prioritize the highest-value work.
• Seeking different perspectives: This trait is conspicuous in managers who monitor trends affecting organizations, grasp changes in the environment, encourage employees to contribute ideas that could improve performance, accurately differentiate between important and unimportant issues, and give the appropriate weight to stakeholder concerns. Leaders who do well on this dimension typically base their decisions on sound analysis and avoid the many biases to which decisions are prone.
Periodical
By: Garvin, David A.; Margolis, Joshua D. Harvard Business Review. Jan/Feb2015, Vol. 93 Issue 1/2, p60-71.
Seeking and giving advice are central to effective leadership and decision making, and they require emotional intelligence, self-awareness, restraint, diplomacy, and patience on both sides. In this article, the authors argue that they are practical skills one can learn and apply to great effect. The most common obstacles to effectively seeking and giving advice are thinking one already has the answers, defining the problem poorly, and overstepping boundaries. They offer practical guidelines for getting past them.
Five stages of advising are identified: (1) finding the right fit; (2) developing a shared understanding; (3) crafting alternatives; (4) converging on a decision; and (5) putting advice into action. Each stage includes suggestions for seekers and for advisers.
INSEAD professor Herminia Ibarra argues, a simplistic understanding of what authenticity means can limit leaders' growth and impact. In this article, Ibarra explains how leaders can develop an "adaptively authentic" style. It's OK to change tactics from one day to the next, she says by figuring out what's right for the challenges and circumstances we face.
2014
July
The Skills Leaders Need at Every Level
by Jack Zenger and Joseph Folkman
HBR Blog Post
16 Skills are listed in order of importance. Top 7 are said to be important.
1. Inspires and motivates others.
2. Displays high integrity and honesty
3. Solves problems and analyzes issues
4. Drives for results
5. Communicates powerfully and prolifically
6. Collaborates and promotes teamwork
7. Builds relationships http://blogs.hbr.org/2014/07/the-skills-leaders-need-at-every-level/
May
Knowledge@Wharton article
Social Technology and the Changing Context of Leadership
Social technology is changing the way leaders do conversations with their group members especially in large organizations. The article presents ideas on this issue http://wlp.wharton.upenn.edu/LeadershipDigest/social-technology.cfm
2012
Sloan Management Review Article Spring, March 2012
Put employees at the heart of everything you do with SAP SuccessFactors software. Our cloud HCM solutions are completely designed around employee experiences – what they need, how they work, and what motivates them.
It’s Time To Reinvent Corporate Learning: Join Our New Research
BY JOSHBERSIN · NOVEMBER 8, 2021
Changes have taken place.
The Corporate Universities of the last decade were replaced with digital learning academies of the last five years, soon to be replaced with learning in the flow of work, skills-based capability academies, and a new Metaverse of learning experiences. Already companies like STRIVR, Mursion, and Microsoft have delivered proven VR and AR solutions that drive more value than we ever thought possible.
Top Marketing Trends For 2020
Forbes Agency Council
Christian ThomsonForbes Councils Member
Forbes Agency Council
10 Principles of Modern Marketing
Research Highlight April 03, 2019 Reading Time: 19 min
Ann Lewnes and Kevin Lane Keller
Technology Is Just the First Step
Technology has changed everything. Fundamentally, it allows for new ways to create customer experiences, new mediums to connect with customers and other constituents, and trillions of data points to understand customer behavior and the impact of marketing programs and activities. Yet, there is more to marketing and use of technology in marketing.
Experience Is the New Brand
A New Type of Customer Relationship Prevails
Connect With Customers Online and Offline
Value Creation, Communication, and Delivery Still Rule
The Marketing Topics That Resonated Most With Readers In 2019
Kimberly A. Whitler
Senior Contributor
CMO Network
As a former General Manager and CMO, who worked for nearly 20 years before getting a PhD and working as an Assistant Professor at the University of Virginia's Darden School of Business, I conduct research that focuses on helping the C-suite (and aspiring C-level marketers) better understand, develop, and lead marketing excellence.
Why Great Innovation Needs Great Marketing
Denise Lee Yohn
FEBRUARY 20, 2019
Strategic, upstream marketing that is incorporated into the innovation development process can clearly define who to sell the new offering to and how to sell it.
Decide 4Ps of marketing using marketing expertise.
Innovation alone may be enough to initiate the adoption life cycle, but marketing remains the bridge necessary to cross the chasm between early adopters to the wider group of people who will form a viable, valuable customer base. https://hbr.org/2019/02/why-great-innovation-needs-great-marketing
2018
4 Ways to Improve Your Content Marketing
Frank V. CespedesRuss Heddleston
APRIL 19, 2018
The average viewing time for content is 2 minutes and 27 seconds.
Frank Cespedes is a Senior Lecturer at Harvard Business School and author of Aligning Strategy and Sales (Harvard Business Review Press). https://hbr.org/2018/04/4-ways-to-improve-your-content-marketing
Why Marketing Analytics Hasn’t Lived Up to Its Promise
Carl F. MelaChristine Moorman
MAY 30, 2018
Communication theory tells us that the transmitter and receiver of information must share a common domain of knowledge for information to be transmitted. This means analysts need to understand what the firm’s managers can understand.
it is critical for analysts to connect externally with customers and internally with the managers using their work.
Carl F. Mela is the T. Austin Finch Foundation Professor of Marketing at Duke University’s Fuqua School of Business and the Executive Director at the Marketing Science Institute. https://hbr.org/2018/05/why-marketing-analytics-hasnt-lived-up-to-its-promise
2017
5 Ways Words Can Destroy Your Marketing Messages (And How to Fix Them)
Use these copywriting tips to improve your marketing messages and ensure you don't lose sales or money on your marketing investments. https://www.entrepreneur.com/article/298766
Macromarketing
I searched for this topic today in my interest to write an article on the topic marketing support for Make in India Campaign. I found that there a huge literature in the area of macromarketing. The reference I came across today are:
Marketing communication messages have to be different when you announce a product and build buying intention for it. The communication has to change when the product is actually made available in the market for purchase. Read the summary of a recent research paper on adoption of products. http://nraomtr.blogspot.com/2015/04/adoption-of-new-products-and-processes.html
February 2015
Planned Revision schedule for marketing chapters is in February and March
January 2015
Why Your Customers’ Social Identities Matter.
By: Champniss, Guy; Wilson, Hugh N.; Macdonald, Emma K. Harvard Business Review. Jan/Feb2015, Vol. 93 Issue 1/2, p88-96.
People are highly social animals. Most of us belong to many social groups, each with its own identity.
For five years the authors have been studying how social identity affects customer behavior in a wide range of industries. They have seen that companies can trigger more-favorable reactions in customers by subtly influencing which identities they tap into. This is something firms should take into account when doing market research or designing experiences.
The first step is to surface the range of a customer's possible identities. If a customer's identity encourages targeted behaviors, marketers can help reinforce it. Marketers can also work to add a desired behavior to those that customers associate with an identity, prime different identities in customers, and even create new identities that deepen relationships with existing customers and attract new ones.
2014's top The Gunn Reports' Cases For Creativity
1. 1. IBM's 'A Boy And His Atom' Ogilvy & Mat her, USA
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