All 20 entries tagged Mbe
June 12, 2014
Even though for the most of the developed countries health and safety of employees are guaranteed by labour policies and regulations, companies, which believe that these regulations bring extra overhead to the companies, sometimes attempt to go around these procedures. However, for the multinational companies these flies in the ointment might be huge problems over time, especially publicly traded companies, because the future of the organization can be knife on the edge regarding to investors perspective of view.
On the other hand, safety should be first priority during the every operation within company, because sometimes there is no recovery. Also these rules should be deployed by every member of organization, because in order to achieve the consistency in safety, every stakeholders' involvement is crucial, including board of directors.
Lastly, if you are staying off-campus or using the main entrance road to campus, there is big construction going on right now. The extension of WBS is being constructed by some companies, and I look every day at the safety equipment in the, such as bars, flat caps, etc. when I am at the bus. Even though they do not build high rise building, there have more safety equipment than I expected. It is easy to look around easily on the upper deck of busses.
June 09, 2014
Writing about web page http://en.wikipedia.org/wiki/Soma_mine_disaster#International
We are in an era of consumption. Even though we all have come across with 2008 financial crises and have seen its disastrous results, it doesn’t either stem the increasing consumption or foster savings. There are lots of reasons that boost up consumption; therefore, let’s summarize the issues under the idea of bloody capitalism.
Today, we all have seen the some examples of industrial accidents in the documentary. I believe that they might be the only ones that are noticed by people, there should be plenty of them that could be under investigation or closed by third parties in order to continue what they were doing in the past, because everybody recognized that an idle factory is the organization losing money. Over time people get into the habit of ignoring some safety regulations to prevent utilizing the time, and then they sometimes convince themselves by benchmarking with other competitors which neglect these safety procedures too, and finally they really believe that it was the appropriate way of handling that task. According to this perspective, these safety signs, equipment, training don’t matter, because they consider occupational accidents as a destiny, which I strongly disagree.
301 people were killed on 13th May of 2014 due to fire in the coal mine, which was the worst mine disaster in my homeland’s history. Although the file is still under investigation, the company, held by private equity, announced how they cut the costs from 140$ to 24$ and achieve enormous productivity, after they have taken over the mine from government. Was it worth it?
The company should pay more attention and allocate more resources than other activities, because there are some moments in peoples’ lives that don’t have any recovery or repetition.
“Destiny is not a matter of chance; it is a matter of choice. It is not a thing to be waited for, it is a thing to be achieved.”
-William Jennings Bryan
March 21, 2014
After 2 days of module, our tutor expected us to learn every tool, their applicability, and choose the suitable tools for Wave riders case study. When I saw first the case, I thought that it is not going to be very challenging; however, after I read all of the scenario and its possibilities, it gets complicated.
We as team C decided to distribute the each tool on the module notes to every member of our team, before we jumped to deal with the case, because we aimed to spend time effectively. In the forthcoming days, we discussed interactively these robust decision tools, and compared their usefulness. We eliminated some of the tools such as expert systems, because we thought some of them were not suitable for Wave Riders. The presentation is supposed to answer basically two questions: which location we have to choose and which marketing strategy we should deploy.
Even though the case looked complicated due to different possibilities, to make sense of it, we decided to use the decision tree, which analyses different options and their possibilities. There was a small conflict about converting all of the case to decision tree, because decision tree in some cases limited us, such as buying factory and equipment in advance for developing the prototype. After agreeing in the team, I prepared a detailed discount cash flow analysis to overcome this confusion. For the quantitative analysis, we reinforced our decision tree with this analysis which investigates every possible cases’ net present values. From the financial perspective, Lymington is the best choice for all of the scenarios, because it has a,lower investment risk, and higher expected estimated net present values (probabilities are taken in consideration).
From the qualitative perspective, SWOT alone is a great tool for understanding situation. To decide to continue this project or not, so we used it, showing us the investment’s strength, weaknesses, opportunities, and threats. After that, we defined our significant criteria for location, such as geography, and warehousing, and prepared a weighted matrix. Weighted matrix helped us to compare each location in terms of each defined criteria, and Lymington got the highest point from the qualitative perspective, so we chose Lymington too.
Before we jumped into marketing tools, we prepared an agenda for marketing. According to our plan, we had to determine the target customer profile, and then find the appropriate marketing tools to achieve this customer group, and finally utilize the marketing budget efficiently. To determine which marketing tool(s) should be used, we exploited from the one of the robust decision making tools called SMART. After we chose our tools with respect to the results from SMART, we had to decide that how much we are going to spend. By researching the every tool’s possible annual cost, and I believe that we utilize efficiently the marketing budget.
March 18, 2014
As I mentioned briefly on my previous blog entry, situational leadership is one of common leadership theories in literature. Basically, depending on followers’ readiness level in terms of psychological and knowledge-based, a leader is able to put forth different leading style.
This figure provides what actually situational leadership looks like. Let’s assume that one of our subordinates is not capable of doing a task alone, because of the lack of competence and confidence. So his readiness level can be seen as D1, so the appropriate style of leadership would be “Directing” (Telling what to do, how to do), which is very task-oriented and less relation-based, because he/she firstly needs to learn how to cope with. On the other hand, let’s assume that even though one of our other subordinates is capable enough to deal with the case alone, he/she does not have sufficient confidence level, so the readiness level of this person is D3. He/she only needs some supporting, and the leader should encourage shifting these peoples’ readiness level one more step forward which is D4.
The methodology of Situational Leadership can be seen as deploying the right way of leadership to the right type of the followers. To sum up, the leadership style is not totally fixed in the situational leadership model; however, it is flexible enough to adapt to different styles over time depending on the self-development of people.
March 12, 2014
We unconsciously make hundreds of decisions every day either by ourselves or as a group, because it is our duty to cope with. I believe that making decisions by self is one of the differences between being mature and being a person who deals hard time with making decisions, so it can be seen as an indicator of self-development. Surely, sometimes the decisions that we’ve made might not right, although we aim to choose optimum ones. Actually, it is inevitable, because human is not a perfect creature; however, it does not mean that we cannot reduce the vulnerability of decisions.
In this module, we, as future leaders, have learned some tools and approaches to make right decisions. I think that it is too optimistic to say that now we are always going to make right decisions in every environment (at work, at home, etc.) until now; however, no doubt that these tools and methods will contribute a lot during deciding phase. For instance, “Tree Analysis” not only is one of the tools which helps making reasonable decisions, but also compares every option’s outcomes, such as cost and time, one by one by converting them to branches of trees. After visualization, the person or team who is/are going to make decision is able to choose the best option among others. To sum up, the tools like tree-analysis will simplify the complex situations and convert them to more understandable level than usual, so basically despite making any decisions for us they only show us a perspective of view from which we need to look.
In these two days, although some topics were duplicated, it gave me different point of view to evaluate the alternatives of decisions. Lastly, I want to talk about groupthink. Although being a group has beneficial points, there are some obstacles that reduce efficiency of making decisions in groupthink which are illusion of invulnerability, belief in group morality, rationalization, shared stereotypes, self-censorship, direct pressure, mind guards, and lastly illusion of unanimity. We need to avoid coming across these situations which I mentioned above in order to convert team effort to team success in the long-term, because these eight symptoms affect badly making decisions, and may lead running into bad outcomes afterwards.
February 23, 2014
As future leaders, deploying two different strategies is important in working environment. When we are working, actually we are just working; when we are dining and wining, we can have fun. They are different between each other. However, in the working hours, we have to be more professional.
Being a leader not only means that working like machine, having good communication and convincing skills, delegating task with respect to skill-set, and keeping the time precisely; but also means that leaders should sometimes meet with blue and white collars in the organization. It does not about seem as a person who takes them into consideration his/her employees’ opinions; it is all about the dignifying the people, so they feel themselves that the leader cares about them.
February 22, 2014
Honestly, I used to could not see the any difference between CSR and marketing. I believed that their aim were almost same, because both tools aims to increase the brand awareness via spending thousands or millions of pounds. After Zoe Chilton who works for one of the F1 manufacturers, attended our leadership class as an external speaker and talked about her experiences about how they deploy CSR and how they convince their target group. I understand that companies are able reach the values via CSR that cannot be purchased or reached by marketing tools, because marketing spends lots of money to create more market share for product generally. However, although CSR has a financial expectation in future, CSR tries to solve some problems that may be social or environmental, so it so more beneficial to our planet instead of wasting lots of money. According to me, as one of the future leaders, it is my objective to shift marketing reserves to budget of CSR.
While we were preparing our CSR presentation, I ran into with distinct CSR example which has been done by Dove. Here it is.
February 12, 2014
The question rose in my mind that should everyone be a leader. Actually, I don’t think that every stakeholder of organization should be the leader. According to what I have learned today some people are good at management, some are good at leadership, and some are good at both of them. Instead of forcing or expecting people to become leaders, we can define ourselves as leaders and we need to make sure that they do their duty properly.
According from bottom to top perspective, we have to find the ways about how we can give a hand the people who works at the bottom in order to make their job as easy as possible. Especially, lack of degree (education) does not mean that lack of intelligence, we as future leaders should pay attention what they are talking about what kind of concern they have. Also one of the other important things is we, as future leaders, do not need to please people in order to be liked. The true leadership is more about sharing the ideas, and influencing people with them.
February 11, 2014
After a very beneficial day for our learning process, we as a group strongly brainstormed to sort out the ideal elements of leadership. Although it was our duty to find the definition of leadership for next presentation, I really enjoyed working with this group as a family, thanks to my all colleagues.
Actually, I believed that great leaders are born; however, I’ve changed my mind. Because according to our findings which all of you guys will see it tomorrow, leader can be made too. With respect to one research which has performed in 53 countries, 52% of responders believe that leader can be made and 29% of responders though that they are equally born and made. While creating a leader, 46% and 35% of people believe respectively that it is all about experience and training; however, 20% of them though that trait plays important role too. Regardless of what a person was born as or which horoscope he/she is, a person who hopes to be a future leader needs hardy train yourself and gain more experience on field than others. But for sure there are some leaders that really are born for that job!
Watch out our presentation (B1) in order to learn the main elements of leadership.
Ps: I uploaded the article which i got influenced85148255.pdf, if you want to know more about it. Thanks Osama Qassim for article.
Writing about web page http://www.youtube.com/watch?v=G3K92uugO9o
Let’s try to guess that how many presidents, vice presidents, deputies are existed in the world, more than 1 million or maybe more than 10 million; however, how many of them are effective leaders? Probably less than 10.000 people out of 7 billion people! How many of them are good leader? Probably less than 1000 people
Today, I want to talk about the difference between effective leadership and good leadership. Although both of them seem similar to each other, the difference is morality. The effective leadership may not care about morality. Have you watched the Wolf of Wall Street? (If you haven’t watched it yet, do it as soon as possible) The movie is about the life of Jordan Belfort who is an impressible effective leader; however, he was convicted of fraud crimes related to stock manipulation and penny stock boiler room. So basically every effective leader is not a good leader. In the movie he seems as a very influential leader, reinvented the business culture.
The effective leadership is more about how effective the leader when influencing his/her followers and motivating them. According to me, it is not so easy to run into with either a good or an effective leader in the meantime, because there are not plenty of them. Good leadership is something slightly different than effective leadership in terms of morality issues as I mentioned. Good leaders are generally well-known by almost everybody, such as Gandhi, or Martin Luther King. In this module we aim to be good business leaders that have respect to business ethics, pay attention to morality.
Up to today, I haven’t had a chance to work with or study with a great leader, but I believe that one of the most effective leaders in the world is my homeland’s prime minister who is Recep Tayyip Erdogan.