All entries for April 2013

April 29, 2013

Responsibility rather than regret

Today’s workshop was a real eye opener in a lot of ways for me. Firstly, I have always been bothered about my actions and how they would affect my future and the ones around me. Doesn’t matter if it’s something related to the future of a company or me personally I have always been quite observant of my present due to its effect on the future. Of course to most people this might be something resembling paranoia to me its always been about being logical and careful about the decisions you make as that will define you for the rest of your life.

However, one thing I never considered before today’s workshop was that I can be as observant and careful as I can be but when working in a team its not just me who needs to be observant. The case of the Workers dying due to nitrogen suffocation, the blast in the chemical factory, the team repairing the Australian helicopter they all have one thing in common which stood out beyond everything else for me.

The lack of a knowledge sharing system. As Mr.Roberts explained in 4 letter words. SoPK!

We are almost done with MBE and so far all the theories and management styles I have come across do not mention how faults can be taken out of a system. That is except for the SoPK by Deming. His ideal of making the whole system interact with one another is what could have made all those sad events avoidable.

I am but only a part of a system and I do not have the strength or the capability to manage a whole system perfectly on my shoulders and so events such as the ones discussed today are likely to occur.

HOWEVER, give me a team where there is a sharing of experience and knowledge from top to bottom and I will have a team who can manage the system with me making it highly unlikely for such events to ever occur again.


April 22, 2013

Final thoughts

This RDM module I can say with full confidence has given me a new perspective on how to make decisions which would be robust and reduce uncertainties. Of course with the economic conditions of the world economy these days it is hard to be certain about anything. However, this is not to say that one cannot be cautious in their approach to making a decision which would cost a company a fortune.

The need to be focused and consider all the alternatives available and the risks that accompany them is more important than ever before. Managers need to be certain about the decisions they make as it affects not only the company but the people associated to that company.

Decisions made on just a mere whim can be catastrophic hence robust decisions with the use of tools as mentioned in this module are the best method to safeguard a company from future uncertainties.


April 20, 2013

Gather, Retain and Use

This course has been about managing a company’s assets with the use of knowledge management tools and techniques.

Knowledge management in itself is a very vast subject and can be considered to be very helpful in the success of most companies these days. The aim for these companies is to acquire, retain and distribute the knowledge gained within the company and make it available to every individual to use for the betterment of the company.

Knowledge management for each company can be different as it depends on the size of the company how well it can gather, retain and use that knowledge. Large companies tend to use a sophisticated IT system to gather, retain and use knowledge whereas SME’s would not opt to invest a heavy amount of money in to an IT system due to lack of funds etc. They would rather invest in training, workshops etc.


How to make decisions

Decisions are never made on a spur of the moment and even if they are they would not be considered robust decisions from any angle. The reason for the necessity of a decision to be robust and well thought out is quite logical. Without any clear thought or planning going in to a decision there are no considerations about what the after effects of that decision would be in the long run.

There is an imperative need for decisions to be based to sound and provable data which can be gathered from a number of tools such as the ones used by my team members and I in the WaveRiders presentation.

However, there should be a consideration of the fact that financial data is not the only data which should be considered when making such big decisions for a company such as WaveRiders. There should be considerations of long term goals etc.


April 17, 2013

Uncertainty

It seems every company you come across these days is in the pursuit to avoid the unknown. Every company has this fear of some of an unknown event happening which would tarnish the productivity of the company. It is obvious that in order to avoid such uncertainty companies employ certain techniques and methodologies which allow them to be avoided.

It is necessary for management to be well informed about all the current situations internally and externally of the company in order to be able to judge what strategy to adopt.

It is necessary to make the right decisions in the beginning in order to avoid any hassles during production or in the end.


April 2013

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