Advantages of Management Study

Management as an academic field of study offers a number of insights into many organizational aspects of our daily lives. Consequently, several reasons explain why we may want to study this topic. The first reason for studying management is that we all have a vested interest in improving the way organizations are managed. We interact with them every day of our lives. It frustrates us when you have to spend a couple of hours in a Department of Motor vehicles office to get your driver’s license renewed. We get perplexed when none of the sales people in a department store

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Updated Technology increases Profitability of Business

Time and again, history has taught us that the technologically superior win — be it nations, civilizations, individuals or companies. The radio industry was booming till the early 1990s. But the mobile phone changed it all. Now, the radio industry is limited to only a few companies which are able to sell on the content they offer, rather than the technology. Technology is not restricted to electronics as given below. It is also applicable for all types of machinery say mechanical, electrical, structural, mining and many other inter-engineering technologies. Let us take the example of Automobiles. The engine design is

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Managing a Ramp-Up

As  the business grows it impacts the  talent base. This ramp-up is planned on the basis of the billable talents required to deliver the work volume. The process begins with taking a view of the entire gamut of deliveries required to sustain the business growth. All tasks and responsibilities are mapped . These tasks are drilled down to every single unit, to identify the parameters for measure. The service level agreement defines  the minimum standards to be maintained and time taken to complete each task . This entails the scorecards which are later used during the production. Here we review the areas

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