Crossing valley with trust among team !!!!

Valley crossing is a task the amount of trust, team work and communication between the team . The task it to cross a valley , there are 3 people who have  to cross valley with the help of stick .The job for every 3 of them is to cross the valley safely. The distance between the cliffs is more than 1 step and less than 2 steps. Hence this will ensure that every person is in the air( in danger) once. The team has to make sure that they reach the other end safely.

The steps involved in crossing the "Valley" can be summarized by the table given below:

Step	State of 1st Person	State of 2nd person	State of 3rd person
1	Safe	Safe	Safe
2	Half-Risky	Safe	Safe
3	Full-Risky	Safe	Safe
4	Half-Risky	Half-Risky	Safe
5	Safe	Full-Risky	Safe
6	Safe	Half-Risky	Half-Risky
7	Safe	Safe	Full-Risky
8	Safe	Safe	Half-Risky
9	Safe	Safe	Safe

Team work-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


2.      Trust-
This is again a very important factor. Whenever a manager assigns 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. The person hanging in middle has to have complete faith in his teammates about their ability. Only then can a goal be achieved.

3.      Rapid communication-
Communication is important in an organization or else any activity for that matter. It helps to communicate your ideas. Communication in the above task was important so as to convey your position and feelings. Communication should not be delayed and must be at the right time.  

NAVRANG CUBE !!!

It was the first time a saw navrang cube . The navrang cube has a total of 27 cubes with 9 different colours of 3 each . The task which was given to us was to place all the 9 colours on each side of the cube . Navarang cube unlike the normal rubik cube can be dismantled and re-structured .

      Prof Mandi has given the task of arranging all the 9 colours on the 6 faces of the cube . I was enthusiastic and gave a try to solve the puzzle , but could not complete it in the stipulated time . Prof Mandi has solved the puzzle in 2 mins by arranging the cubes in a structure and following a pattern. Then we can to discuss about organizational structure and objectives . There should be a proper organizational structure for the organization to achieve the objectives .

      A systematic approach is needed to solve any problem. A structure has to laid in the organization to achieve goals of the organization. Planning and strategy will play a crucial role in running the organization .

Creating a world without poverty -Muhammad yunus and Grameen Bank

                    "The challenge is to innovate business models and apply them to produce desired social results cost-effectively and efficiently"

We were asked to watch a video – which is a speech of Muhammad yunus  about grameen bank . It was an extraordinary speech about social business to help the poor . As yunus says “The poor must have a chance to participate in decision-making that affects their lives”

           Grameen Bank (GB) has reversed conventional banking practice by removing the need for collateral and created a banking system based on mutual trust, accountability, participation and creativity. GB provides credit to the poorest of the poor in rural Bangladesh, without any collateral. . The origin of Grameen Bank can be traced back to 1976 when Professor Muhammad Yunus, Head of the Rural Economics Program at the University  of Chittagong, launched an action research project to examine the possibility of designing a credit delivery system to provide banking services targeted at the rural poor. The Grameen Bank Project (Grameen means "rural" or "village" in Bangla language) came into operation with the following objectives:

• extend banking facilities to poor men and women
•   eliminate the exploitation of the poor by money lenders;
• create opportunities for self-employment for the vast multitude of unemployed people in rural Bangladesh        
  

With the above data we could discuss about the 2 type of approaches in banking . The traditional banking and grameen bank . The objectives of the two banks is different . Traditional banks are of profit motive but grameen bank has got a motive for its own to help the poor . Grameen bank’s approach to the people attracted a lot of people to take loans . Grameen bank has given the option of taking the poor as the stake holders of the bank . As discussed in the above posts Management objective of the grameen bank was to reduce poverty in all terms and they were successful in doing so .

Learning : Sometimes we have to go in a different way to achieve the objectives of the business . Approaches depend of the objectives and goals of the business .

                              I wish Grameen bank could help more poor in the future and achieve their goal of creating a world without poverty . 

Growth is never by mere chance; it is the result of forces working together

“Growth is never by mere chance; it is the result of forces working together” - James Cash Penney

When I was a child i used a play a lot with Magnets,later when i came to know magnets have a Magnetic field which can attract other objects inside the magnetic field and now I came to know how Magnet can be seen in a Management perspective . 

                           Prof Mandi has walked in the class and showed a magnet and asked why does a magnet attract . We have given many answers and came to answer which Mandi has expected i.e Allignment .A magnet has its power to allign other attractable particles in its magnetic filed . A manager is a like a magnet who will align all the workers in place . In terms of an organization it aligns all the work forces in order or in a organizational structure .

                                     Managers align people and process . They create the force to make people and tasks align in an order . Objective of the magnet is to align and in the same way objective of the manager is to organize the people and there respective tasks .Here we come to know about a important management lesson - management by objectives . 

                            Management by objectives (MBO) is a process of defining objectives within an organization so that management and employees agree to the objectives and understand what they need to do in the organization in order to achieve them.The essence of MBO is participative goal setting, choosing course of actions and decision making. An important part of the MBO is the measurement and the comparison of the employee’s actual performance with the standards set. Ideally, when employees themselves have been involved with the goal setting and choosing the course of action to be followed by them, they are more likely to fulfil their responsibilities.

                                     We can further discuss this topic with comparison of the three monks story and tower building exercise where goals are set based on the methods . 

   

Three monks	Tower building exercise
No hierarchy	Hierarchical structure
consesus on decision	Control by higher management
Work divided among the all	work defined according to the role
work load is distributed	work is distuributed according to role
Skill is same	Unskill of the employees

 We have further discussed how skill mismatch can bring changes in the organizational structure .Management should know which skill has to be given priority and which skill not . The objectives of the management or organization should be clearly set to achieve success . 

Will be blogging again . Keep reading !!!