Principles of Management
Saturday 1 September 2012
Saturday 25 August 2012
SAP
ORIGIN
And HISTORY
} SAP
was founded in June 1972 as System Analysis and Program Development by
five former IBM engineers in Mannheim.
} The acronym was
later changed to Systems, Applications and Products in Data Processing.
} Imperial
Chemical Industries (ICI) was SAP's first ever customer in 1972.
} In
1973 the SAP R/1 solution was launched.
} Six
years later, in 1979, SAP launched SAP R/2.
} SAP
developed and released several versions of R/3 in 1992 through 1995.
VISION
and MISSION
VISION : -
} Consistently
deliver high quality solutions focused on improving customer satisfaction.
MISSION :-
} Research
and develop new methods and standards.
} Proactively
communicate and share knowledge.
Apply the knowledge to enhance our products,
processes and services.Industry | Enterprise software |
---|---|
Founded | Weinheim, Germany (1972) |
Founder(s) | Dietmar Hopp Hans-Werner Hector Hasso Plattner Klaus Tschira Claus Wellenreuther |
Headquarters | Walldorf, Germany |
Area served | Worldwide |
Key people | Hasso Plattner (Chairman) Jim Hagemann Snabe (Co-CEO) Bill McDermott (Co-CEO) |
AWARDS
and RECOGNISITION
} SAP
Labs listed as one of ten finalists in "India's Best Companies for Rewards
& Recognition - 2012," a study by Great Place to Work Institute and
Eden red, a rewards and loyalty solutions provider.
} SAP
received "European IT Workplace of the Year 2012 Award," from Best
Quality Institute (BQI), BITKOM, and European Commission.
} SAP
Hungary selected "Most Desired Employer 2012" by Aon Hewitt and
AISEC.
} SAP
named one of Computerworld’s 2012 Best Places to Work in Information
Technology (IT). The honour is given to the top 100 organizations that
challenge their IT staffs while providing excellent benefits and compensation.
PRODUCTS
q SAP's
products focus on Enterprise Resource Planning (ERP). The company's
main product is SAP ERP.
q SAP
ERP is one of five enterprise applications in SAP's Business Suite. The
other four applications are:
} Customer
Relationship Management (CRM) – helps companies acquire and retain
customers, gain marketing and customer insight.
} Product
Lifecycle Management (PLM) – helps manufacturers with product-related
information.
} Supply
Chain Management (SCM) – helps companies with the process of
resourcing its manufacturing and service processes
} Supplier
Relationship Management (SRM) – enables companies to procure from
suppliers .
Tuesday 31 July 2012
Three Monks...
"Individually, we are one drop. Together, we are an ocean.”
- Ryunosuke Satoro
Its a short and delightful story story of 3 Monks who understood the importance of team work from the simple need of carrying water bucket .Sounded simple at first but it had all the ingredients for understanding the need of teamwork for accomplishing a task.
Strategies Employed :
One monk fetches the water
The monk fetches the water faithfully and regularly every day. As his needs are limited he doesn’t mind carrying two buckets with a stick on his shoulders.
Two monks fetch the water
When the second monk moves in then the first monk thinks of distributing his work. Initially they both fight over how to carry water but later on they find a solution. They find a pole and jointly fetch a single bucket of water every day. Although they work as a team but it seems as if they are not satisfied with each other.
Three monks working as team to fetch out water
When the third monk moves in, both monks try to delegate entire work to the newcomer. Infact, third monk fetches the water once but he consumes all by himself. After arguing with each other constantly over whose turn it is to fetch the water, nobody goes to fetch the water. No water gets fetched even after they all are thirsty.
Lessons Learnt
Continuous Improvement
Method 1 and Method 2 are the examples of using old techniques but continuous improvements over time. It leads to better efficiency and process improvement.
Productivity
Method 2 brings us to an old debate Individual Vs Team Productivity. As per productivity analysis method 2 is more productive than method 1. To make it clearer, here is a table illustrating the productivity statistics in either case. Assuming 1 Man uses 1 unit of energy to lift 1 bucket.
Event
|
Output (No. of buckets)
|
Input(Worker Energy units)
|
Productivity = Output/Input
|
1 Man – 2 buckets
|
2
|
2
|
1
|
2 Men – 1 bucket
|
1
|
0.5
|
2
|
Innovation
Transition from method 2 to method 3 is innovation. When the monastery is on fire they realise that it is better to think in terms of team goals rather than individualistic goals. The monk at the bottom fills the buckets, the middle monk works on pulley system and the third monk at the top douses the fire with water in the bucket. This shows difficult situation inspires ingenious solutions.
Responsibility
This story teaches a gentle, humorous lesson about responsibility. Three monks allow personal pride to interfere with the performance of daily tasks, each believing that the other two should be the ones to go downhill to fetch water. When a fire breaks out, however, they understand how silly they’ve been and work together to save the temple.
Work for each other, no selfishness
The great Russian writer, Fyodor Dostoyevsky, once wrote "I say let the world go to hell, but I should always have my tea." The story of the three monks teaches us that everyone is capable of being selfish, but doing so diminishes our ability to cooperate with one another. People must rise among themselves and see the group as whole. People must be deliberative in their collective decision making.
Pursuit of Excellence
Increase in excellence directly leads to the increase in effective productivity. Excellence can be defined as the product of efficiency and effectiveness. Moving from method 2 to method 3 is the increase in excellence. In the story there is no dearth of talent as all three monks are equally capable, but still as a team they struggle.
Conclusion
The moral of the story, sane group can make bad group decisions if the group dynamics is bad.
Tuesday 17 July 2012
Valley Crossing
Learning Management through games is always fun , in
the next lecture in POM i learned some new lessons through a Valley Crossing
exercise
VALLEY CROSSING
People Involved:
3 persons were required for this task.
Steps Involved:
All the three persons were required to cross the
valley safely with the distance between the cliffs as more than one step and
less than two steps.
Observations:
- All three members have equal distribution of different kinds of situation.
- High Risk 01 times.
- Half Risks 02 times.
- Fully Safe 02 times.
- All three members have the same role in terms of effort and risk. Nobody was overloaded or relaxed.
- Communication and feedback is essential while working in a team.
- Every member is indispensable in completing the task.
- There were equal instances when one needed each other.
Learning:
Teamwork:
Teamwork is absolutely
necessary while carrying out any task. It helps the manager and the
organization as a whole to achieve targets. It cannot be possible for a single
person to handle everything. It is the teams effort which matters in the long
run. Also in the above task team effort was necessary to a large extent. Hence
team work plays a pivotal role in management.
Trust:
This is again a very important
factor. Whenever a manager assignes a task to his employees he definitely has a
faith in them. This faith encourages the employees to work harder because it
gives them a feeling of consideration. This particular thing is showcased very
well in the above task.
Wednesday 4 July 2012
Khan Academy - Organisation on a Mission
Education For All, have heard these line so many times before but never
saw them being implemented the way Khan Academy is doing
. Its pure example of how a man's vision can bring about such a big change.
The Khan
Academy is a non-profit educational organization providing a high quality education to anyone,
anywhere", the website supplies a free online collection of more than
3,200 micro lectures via video tutorials stored on YouTube teaching mathematics,history, healthcare and medicine, finance, physics, chemistry, biology, astronomy, economics, cosmology, organic chemistry, American civics, art history, macroeconomics and microeconomics, and computer science.
All of
the site's resources are available to anyone. It doesn't matter if you are a
student, teacher, home-schooler, principal, adult returning to the classroom
after 20 years. The main advantage of
learning in this manner is that student can go on with the pace they are
comfortable and can learn the entire concepts not just the one's which are
required to pass a classroom exam.
I really liked the way Salman Khan (The
Founder ) explained the current education system with an example of a child learning how to ride a
bicycle in which he learns the basics but doesn't learn how to take a
left turn or a right turn but it is as equivalent of passing with distinction
so he moves on to the next level ,sounds odd but hats the way it is .This thought gave him a vision to bring about a
change.
Learnings :
It is the best example relating to Theory Y concept in which a manager continues to come up with positiveness all the time no matter how the road is in front of him .Here Khan academy has worked with an attitude to bring about a change for the betterment of students leaving behind the roadblocks in the way of new and creative thinking.
It was only possible with the innovative thinking of founder backed with a organisational model for earning revenues as every organisation small or big needs funds for functioning properly.
Khan academy has a significant backing from the Bill & Melinda Gates Foundation and Google. Several people have made US$10,000 contribution. Additionally, it also earned $2,000 a month from ads on the Web site in 2010.
Monday 25 June 2012
Tower Building Exercise
The Beginning
Much to my surprise the class began with no presentations stuff , no book reading but pure intellect coupled with a very good interactive session where Dr Mandi showed us a video of Pink Floyd discussing the loop holes in the current education system and motivated us to be involved in entrepreneurship ventures and showed how small concepts can make up to big business which was really very exciting to see .Tower Building Exercise
In the next lecture of POM we were told about effective goal settings and we had a very exciting exercise for understanding it , namely the Tower Building exercise.
Dr. Mandi asked us to build a tower by placing a square block dice over one another and asked everyone in the class about the maximum height which can be reached ,the student came up with varied responses ranging from 8-30 cubes which can be inferred as their Ambitious Goals in which mine was 22, the professor then came up with a twist and asked what can be the maximum height attained if this exercise needs to be done being blind folded but with the help of a guiding partner and told us that the Historical performance was 17 Cubes after which some students lowered their targets including me while some retained the original targets.
I myself went ahead with the exercise by setting my goal equal to the Historical performance thinking that it will be Ambitious and Realistic as well but in the end managed one more than it.
Learning's
Seeing that my Potential before performance moved beyond my Potential afterwards what i learned through this exercise is that
- There are no Realistic goals as such and everything thing can be achieved through effective goal setting , communication and support which is Management in real terms .
- One should have a Risk appetite in support for the goal setting.
Finally the day ended leaving me hungry for more such exciting experiences and new methods of teaching .
Hats off to Dr Mandi for making the day so special.
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