July 07, 2014

Post Module Blog KBAM 2

Writing about web page #KBAM

Investing time and money in creating a strategy that would optimize and enhance a relationship is a typically a wise approach to take. The process of having open communication and trust will exponentially improve your efficiency. As I have mentioned in earlier blogs, I plan on, in the near future, opening my own business. Developing mutually beneficial relationship with my suppliers will be a priority. By having open communication I will probably benefit from their expertise and experience especially during my first few years of running my business. The asset management PMA tested my writing and writing structure skills. While contemplating my Post Module Assignment question I changed my mind on which aspect of asset management I wanted to write about in my answer, why I wanted to talk about it. I went back and forth a number of times about how I wanted my final structure to be. The more I studied the question and research I gathered, the more doubts I had about my essay.

Post Module Blog KBAM

Writing about web page #KBAM

I initially thought it would be quite the challenge for me to select the topic or question I wanted to research for my Post-Module Assignment. Health and Safety is one of the most important aspects in asset management because it pertains exclusively to the wellbeing of employees and customers. The relationship with employees is one of the most delicate relationships a business will have. This relationship is important because it is a focal point in a business's operations. Without employees, a business will not be able to function. Unless it is a company that doesn’t require any human employees. However such companies would still need some employees to run and supervise the technology being used. It is an intricate system which requires an intricate relationship. After my research I have learnt that although a employer-employee relationship can be complicated, if a business applies basic mutual beneficial policies it becomes a lot easier. It is evident that in order to run a successful business it is absolutely important to create a good employer - employee partnership

July 01, 2014

Finding a basis for your practical implementations

Writing about web page #KBAM #Assetmanagement #postmoduleblog

Writing this KBAM PMA is a unique experience compared to previous PMAs I have written. It has required more self motivation than previous PMAs. This is due to a variety of reasons i.e. the upcoming dissertation date, changing UK weather, the commencement of the World Cup, etc.

However the biggest change in this PMA, for me, is the fact that we have to discuss a practical implementation for our recommendations. This can be challenging because it can be hard to imagine exactly how your reccomadations can be implemented when you dont have any experience regarding this topic you can relate to.

The best way, I realised, to deal with this issure is to assume, assume, assume. By assuming you can clean up any lose ends regarding your recommendations for Waverider. Also, by doing a little research, you can find some basis or foundation for some of you suggestions and feel comfortable about them. It took a while for me to get started, but once I started it was easier for me to write.

June 08, 2014

Knowledge Sharing

Writing about web page #KBAM #knowledgemenagement

A really good point was brought up in class on friday. It was brought up that since every organisation is different and every organisation has their own culture it will be hard for there to be a specific "knowledge sharing" rules for every organisationto follow. An effective knowledge sharing environment and system must be designed by the organisation to tailor to their specific brand of business. Of course, there are broad knowledge management principles that should be applied by every organisation. However in order to effectively manage knowledge, the organisation must study its culture and implement policies to trigger motivation to share and create knowledge. This is much easier said than done.

For example, if I were looking at our MBE01 class I would consider the culture and atmosphere of our class and use this to create a strategy to encourage knowledge sharing. I would say our class culture is social, open, fun and competitive at times. Based on this culture, I would develop activities and games that would be revolved around sharing reflections in class. This would appeal to the fun, social and competitive nature of our class. This was just an example of how organizations can tailor their KM and motivation to their specific businesses.

June 02, 2014

Layers of Asset Management

Writing about web page #KBAM #Assetmanagement

Asset management is a topic I have never covered before. But from reading and researching about it in the last week, there seems to be a quite a number of different aspects an organization has to cover in managing its assets. After reading through the material and afterdiscussions whit my group member, it was easy to see that these topics overlapped and seemed almost redundant at times. But after further thought, analysis and class discussions it is apparent to me that the aspects of asset management over lap for a reason. They are supposed to have overlapping ideas because they are supposed to be managed in unison and work together as a systemic management philosophy. They are not meant to be analysed and managed as individual concepts. The asset management concepts work together as a system to support, double check and balance each other out. Also this idea of an integrated and inter-related system is consistent with the excellence models we have studied and how these models emohasize the intergration and synergy of all areas of an organization.

March 26, 2014

Post module assignment questions pt 2

Writing about web page #LeadershipandExcellence #Leader #MBE #LE #postmodule

Some of the apporaches I am discussing in my PMA seem like they can be grouped under each other. For example, I contemplated whether I could group transformational leadership, authentic leadership and team leadership all under the style approach. This could be possible because based on the description and characterisitics of style relationship. However I am going to keep them seperate in order to emphasize their differences and explain whether or not they can be applied to waverider's current situation and leaders.

Another thought I had while working on this PMA was how I could create the criteria for choosing the most appropriate leadership theory that would best fit Waveriders and its leaders. This could be based on many things such as stattegy, vission, type of strategy deployment being use, characters personalitie, type of employees that work at waveriders, condition of the current market, competition and past experiences of leasership appraches at waveriders. The hard part is choosing which variables are more important and which ones to focus in in determining which leadership approach will "fit" in the organization currently.

Post module assignment questions

Writing about web page #LeadershipandExcellence #Leader #MBE #LE #postmodule

There is so much information about leadership and its different apporaches being published and uploaded online that it has been quite a task just filtering out some of the information for my PMA. Having to pick out key information that can illustrate your main arguments is important. Also, with the numerous ammounts of appraches on leadership available, selecting which approaches to highlight and mention. I have decided to discuss leadership styles in more detail and discuss the theories in a broader light. This is just beause I believe the opporunity cost of not going into detail about the leadership theories will not be more valuable than discussing a few styles in depth that I can contrast with my justified point.

Another point of reflection I had about my PMA was whether a combination of more than two appraoches in coaching John Excellence and one of the direcotrs would be effective. I debated the question whether it would be harder to coach and implement more than two approaches per leader. Would it become so complicated that it takes away from the effectiveness of the approaches? I think the olution to this problem is to just address each legitimate approach that I think will apply to each leader's character and situation. Even if that means it will require more than two apporaches. The most important thing is that I clearly and concisely lay out the arguement and support it.

March 21, 2014

Group work reflection

Writing about web page #RobustDecisionMaking #RDM #GroupWork #Reflection

Decision making is a delicate process that requires a detailed account of all the variables and factors need to make the decision. During our group work I learned many lessons about developing robust decisions based on the decision making process.

One important thing I realised right away was that it would have been imposible for every team in our course to produce the same resuts even if we all used the same decision tools. This is due to a a few factors. One of the reasons for this is that during each of our decision making processes, we considered and assumed different things about the task. This was because depending on the point of view on the group, some variables were prioritised differently based on what each individual group thought was important. Also, due to some of the vague descritions in some parts of the task, this left a lot of room for each team to add assumptions and decide what they thought the task was asking for, And after the presentations in class, my predictions were confirmed.

The last important thing I learned about the decision making tools was that depending the tool you used, you could get different outcomes although none of the factors have changed. Again this reflects on what the group thinks was the most appropriate tool for each decision problem.

March 19, 2014

Approaches vs Theories

Writing about web page #LeadershipandExcellence #Leader #MBE #LE #postmodule

Assessing the different types of theories and approaches to leadership can get somewhat confusing because we are studying different concepts of leadership. Some are theories about what kinds of leaderships there are, some are apporaches on what researchers think make a good leader, and some are leadership styles that leaders can implement.

So far I am learning that there are many different leadership styles that can be a leader can adopt in order to lead. Also the phenomenon of whether the skills of a leader is inherent or can be developed by a person. There are many theories suggesting both ideas. Namely the trait approach assumes that leaders are born with the qualities needed to lead and cannot be developed. On the other hand, there is also a lot of information supporting the idea of leadership development.

At this stage of my research, I am leaning towards the idea that leaders can be developed. My PMA will probably support this idea and delve further into the topic.

March 12, 2014

RDM reflection

Writing about web page #RobustDecisionMaking #RDM

More often than not we are put in a situation where we are required to make decisions. In most cases, we don't even realize when we make a decision or why we made a decision. We tend to go with our "gut" feeling. The reality is that we tend to defer to our System 1 decision making skills. System 1 is generally automatic and intuitive decision making. This is based on our preference of taking mental shortcuts to solve a problem. This usually require minimal effort and leads to many wrong decisions. We base these decisions on four main heuristics. The representative heuristic, the recognition or availability heuristic, the anchoring and adjustment heuristic and the affect heuristic.

System 2 requires more effort and considers all possibilities and alternatives. A person can override their ssystem 1 decision making with system 2 if they aware of some of the system 1 mental shortcuts they tend to use.

This module really allowed me to rethink my everyday decisions and made me aware that I have to re-evaluate more important decisions based on facts and probabilities rather than intuition. This is much harder said than done. There are many psychological aspects a person needs to be aware of in order to consciously resist system 1 decision making.

Psychology and statistics play a major role in the understanding of this module. I think some of the concepts may have been hard to grasp due to our lack of in-depth knowledge the class had in these two areas.

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