The world experienced some significant changes in business management education in last few years. International business schools are concentrating more on practical implementation of things these days. The more there will be hands-on training in a course, the more it will be effective. Understanding this simple truth colleges in India are also stressing more on practical aspects. At the end of the day, it is all about your performance in the real field. A hands-on training in the industry can come handy for college students. So, some colleges in India are also focusing more on these things nowadays. Success in any business depends a lot on its management. Be it a small business house or a corporate giant, there is always a need of good managers. As numbers of private companies are increasing in numbers after globalization, so there are requirements for skilled managers all over the world. In India also there are wide ranges of scopes for students. Moreover, b schools in India are not only increasing in numbers, but also improving in quality. There are limited management teachers who can teach the subject perfectly to students. Along with this serious issue, there is another issue with theory based curriculum. International students were getting an edge over students from Indian b schools only because they were steps further in managerial skills in the real field. Business management is all about doing things in practical fields. Thus, when international business management courses are stressing more on practical programs, courses in India are no far behind now. Business schools in India are including traineeship programs and hands on guidance in their curriculum. However, it is not the case with all the business management schools in India. There are only a few b schools which match with industry standards. A student in India should make a perfect choice when it comes to selection of institutions. There are certain things like course contents, fees, teachers, placement records and others and students much check those out before taking a plunge. Above all, the facilities with lab and practical exposure are something that a student should judge. It is a good sign that slowly and gradually India-based b schools have started to move in the right direction.
Month: December 2017
Tea Business Management Vs Tea plantation Management
Tea Plantation Management:
There are two aspects in tea business. One is cultivation of tea with processing in the factory. This is called as Tea Plantation Management. Tea Plantation Management includes the cultivation of tea crop till harvest of green tea leaves and manufacturing of processed teas for the market.
There has been continuous research and development as for as the cultivation practices are concerned. The quality and growth of plantation depends on the agro climatic and cultural practices adopted in the estate. The final characters of the processed tea leaf or dust depend on the tea processing in the factories.
The basic products for the commercial tea business are tea dusts and leaves which are the final products in the tea factories.
Tea Business Management:
-Tea Business’ starts from the time when the processed tea leaves and dusts come out of the factory. Production of tea rests with the planter’s management portfolio while the tea business management lies with the tea traders who buy teas from hundreds of such tea planters. Tea business has special elements of management and exceptional functions as the raw tea products from the factories are to be converted and presented in a manner that they are easily accepted and enjoyed by the consuming people.
Identification of Best Teas:
The tea dusts and leaves coming out of various factories are not same in quality. They have varied characters and un-uniform functions while making the final drinks. There comes the need of special tasks and responsibilities to identify the best quality teas that gives good color, taste and flavor. Identification of best teas requires some definite scientific methodology other than the traditional tea tasting.
Tea Blending for Consistency:
When you have such knowledge, you will become successful in tea procurement. A little more of knowledge in tea blending makes the final product always uniform and acceptable by the target group of consumers. You need to pack them in attractive brands and sell them with innovative marketing techniques suitable to the area of operation.
Tea Business: How to Become Successful In Tea Business?
1.The very first basic requirement is Knowledge of scientific tea testing, tasting and blending. This is acquirable through a book titled Tea Taster: How to become a Tea Taster? This book can give you all that you require in this business.
2.The second one is participating in a Training Program in Tea Business Management. You will gain practical knowledge in identification of best teas and blending them to suit the market needs. You gain more confidence.
3.Third idea is Practicing to -buy guaranteed super blends from the trainers’ till such time you gain confidence in identification and blending procedures. This is to tide over the starting trouble and smooth ride in the trouble some markets. You will just -buy pack and sell’ to save time and money and get a name in the consumer market.
You will get all the three one by one and become highly successful in this tea business.
Pnk Guru is a trader friendly Tea Scientist to make things easier for the tea merchants. He is further a Business Strategist to assure a fast and sure success for you in this lucrative tea trade. Earning big money is possible in this trade with great turnovers and value added tea products. Get connected and share the success and bring home the prosperity.
Please visit: http://tea-taster.blogspot.com/
The Philippines Institute For Supply Management
Founded in 1968, the Philippine Institute for Supply Management (PISM) has evolved to become the country’s premier professional association of supply management practitioners. It currently has more than 300 member companies, ranging from conglomerates belonging to the Fortune 500 to small and medium-sized enterprises (SMEs) from various industries. Aside from its Metro Manila headquarters, the Institute has three provincial chapters, namely: Cebu, Davao and Negros Occidental.
Our MissionTo be the key contributor to our member companies’ success and to the country’s global competitiveness by championing the upliftment of the supply management profession and the continuous development of its practitioners to the highest ethical and world-class standards.
Our VisionTo be an acclaimed world-class prime mover and resource center of supply chain management and leadership excellence in Asia.
Over the past four decades, PISM has instituted new programs to develop the competency of the country’s supply management professionals. It is continuously strengthening alliances with international supply management organizations. It is a supporting organization of the Institute for Supply Management (ISM) based in Tempe, Arizona, USA, an affiliate of the International Federation of the Purchasing and Supply Management (IFPSM) based in Switzerland and the International Trade Center UNCTAD/WTO.
On the local front, PISM undertakes various initiatives together with the academic community to train and develop competent supply management professionals. Among these are the Executive Development Program on Supply Chain Management at the Ateneo Graduate School of Business – Center for Continuing Education, Diploma Program in Supply Chain Management (DPSCM) at the De La Salle College of St. Benilde School of Professional and Continuing Education, Diploma Program in Supply Chain Management (DPSCM) at the Technological Institute of the Philippines (TIP), Bachelor of Science in Business Administration Major in Supply Management at the university of Makati, Bachelor of Commercial Science Major in Supply Management at the Jose Rizal University, and the Certified Professional in Supply Management (CPSM) of the Institute for Supply Management (ISM), Tempe, Arizona, USA.
The Fastest Growing Business Management Discipline – Business Administration – 4
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By S. Maurer
What is MBA of Business Administration?: The art of planning for the futur has always been a human trait. In essence a Project Management can be captured on paper with a few easy elements: a start date, an end date, the tasks that have to be carried out and when they should be finished, and some idea of the resources [people, machines etc] that will be needed during the course of the Project Management.
What is MBA of Business Administration?: A Project Managemnt Rule: Tightly couple learning with action. Projects are wonderful opportunities to learn. Don’t put that off for the after project lessons learned. Make [IT] your habit to incorporate learning loops in all your project activities. Your team will appreciate it. Your Customer will benefit from it. And best of all, [IT] will make your job easier.
What is MBA of Business Administration?: When work starts on a Project Managment, numerous events must be coordinated and progress smoothly to allow completion on schedule, within budget, and without claims. You need to increase field and home office efficiency, monitor cost and schedule progress, assess performance, and identify potential problems or impacts.
What is MBA of Business Administration?: The genrally accepted purpose of Customer Relationship Management [CRM] is to enable organizations to better serve their customers through the introduction of reliable processes and procedures for interacting with those customers.
What is MBA of Business Administration?: The utility computing model pulls computing rsource from across the enterprise together, and because this resource can be shared, [IT] results in higher resource utilisation, greatly simplified Management, and a superior cost of ownership.
What is MBA of Business Administration?: Whether a Projct Management involves constructing a building, releasing a product, or launching a rocket, project managers make sure everything comes together in a timely, cost-effective mannerand take the heat if [IT] doesn’t. Their high-profile, high-risk work demands multitasking ability, analytical thinking, and excellent communication skills.
What is MBA of Business Administration?: it is important to understand that you don’t have just on boss as a Chief Information Officer [CIO], though your organizational chart may say so. In essence, you report to every senior executive in your enterprise.
What is MBA of Business Administration?: Customer Relationship Managment [CRM] is an enterprise-wide strategy that focuses on the needs and wants of customers.
What is MBA of Business Administration?: Putting all Customer Relationship Managment [CRM] facets into one coherent, organized presentation to the Customer could require the services of a systems integrator. [IT] would most certainly require training everyone from webmasters to call center workers to field sales technicians.
What is MBA of Business Administration?: Technology changes veryday. And the key to stability in today’s ever-changing manufacturer is forging long-term relationships with customers. A enterprise cannot stay ahead for long by holding the advantage of having some web product or service. Here’s where eCRM makes sense.
What is MBA of Business Administration?: Perhaps the most influntial driver of collaboration is that finance departments want one version of the truththat is, a cohesive approach to gathering, collating, analyzing, and reporting data, with the emphasis on accuracy, availability, quality, and usefulness.
What is MBA of Business Administration?: People on Projct Management often come together as strangers. We can’t be learning, collaborating, optimizing the project, or making commitments without a relationship built on trust, respect, appreciation, care for each other, and practices of commitment-making.
What is MBA of Business Administration?: The more ffective the project team is in planning the project, the easier the implementation of the project becomes.
What is MBA of Business Administration?: Achieving profitable, organic growth is nver easy. Today, however, attracting and keeping profitable Customer relationships seems even harder. New manufacturer dynamics, changing Customer demographics and outmoded marketing practices present considerable challenges to establishing the loyal Customer relationships that are the foundation of growth.
What is MBA of Business Administration?: You must believs that the Information Technology [IT] staff need to focus on the value of what they are doing to the business, rather than seeing their work in isolation.
Lean Manufacturing The 7 Principles of Toyota Production System (TPS).
In daily production there are 7 wastes that need to be treat well in order to achieve maximum profit and high productivity. In Lean manufacturing or Toyota Production System the 7 wastes are:
1.Overproduction,
2.Waiting time,
3.Transportation,
4.Inventory – over stock (unnessary stock),
5.Too many motion,
6.Over processing and,
7.Defective parts or unit also known as rejection.
In order to reduce or eliminate the waste a 7 principles was developed by Toyota known as the 7 principles of Toyota Production System.
1. Reduce setup times.
All setup process that are implemented are a waste because of they tie up to labor and equipment. By organizing procedures, using carts and highly skill workers to do their own setup (self management), Toyota managed to reduce setup times.
2. Small Lot Production:
Producing products in a big lots result in a high setup cost, high capital cost of high speed machinery, larger inventories, long lead time, and of course large defect cost.
3. Employee Involvement:
Toyota organized their workers by forming teams and gave them the responsibility and training to do many specialized tasks. Teams are also given responsibility for housekeeping and minor equipment repair. Each team has a leader who also works as one of them on the line.
4. Top Quality control:
Quality is well control at each station of production line. The concept not to pass defective product to next process which control by the owner(operator) of that process has help a lot of Toyota production line. Any defective product found must be discovered and corrected as soon as possible and therefore to achieve the objective responsibility is given to the owner of that process. If it cannot be fixed, he can stop the line by pulling stop cord called Jidoka.
5. Equipment Maintenance:
One of the major contributors to line stoppage and defective is come from failed equipment. Therefore beside Maintenance people maintaining the equipment, Toyota operator are also assigned for basic maintenance task such cleaning and lubricating. Most important is that the operator is in the best position to detect any abnormality of the equipment. This known as a Total Productive Maintenance.
6. Pull Production.
To reduce inventory holding costs and lead times, Toyota developed the pull production method wherein the quantity of work performed at each stage of the process is dictated solely by demand for materials from the immediate next stage. The Kanban scheme coordinates the flow of small containers of materials between stages. This is a commonly known as Just-In-Time (JIT).
7. Supplier Involvement.
Supplier or vendors is a partner to Toyota. In Toyota Production System supplier shall involve and train together to achieve target for both side.