Tag: Learning

Learning!

Learning is the process of acquiring new or modifying existing knowledge, behaviors, skills, values, or preferences. 

Evidence that knowledge has occurred may see changes in behavior from simple to complex, from moving a finger to skill in synthesizing information, or a change in attitude.

The ability to know possess by humans, animals, and some machines. There is also evidence of some kind of knowledge in some plants.

Some learn immediately, induced by a single event (e.g. being burn by a hot stove), but much skill and knowledge accumulate from repeat experiences.

The changes induced by knowledge often last a lifetime, and it is hard to distinguish known material that seems to be “lost” from that which cannot retrieve.

Definition of learning for Students
1: the act of a person who gains knowledge or skill Travel is a learning experience.
2: knowledge or skill gained from teaching or study. They’re people of great knowledge.
-@ilearnlot.

  • Motivating

    Processes of Scientific Management Motivating

    The objectives and goals are achieved by motivation. Motivation includes increasing the speed of performance of a work and developing a willingness on the part of workers. This is done by a resourceful leader.

    The workers expect favorable climate conditions to work, fair treatment, monetary and non-monetary incentive, effective communication and gentleman approach.

    According to Earl P. Strong, “Motivating is the process of indoctrinating personnel with the unity of purpose and need to maintain a continuous and harmonious relationship”.

    Here are 14 unique motivational techniques from other entrepreneurs that you can try with your employees by Inc.com

    1. Gamify and Incentivize

    Although we haven’t implemented it yet, we’re developing a feedback system that rewards employees for engaging with our wiki and for learning how to use our application via our training videos. We further reward performance based on meeting certain goals. A proven motivator for students and employees alike is earning a “badge” or points for committing to certain tasks.

    2. Let Them Know You Trust Them

    If you let them know you trust and depend on them, they will fill those shoes sooner than you think. A vote of confidence can go a long way. Let them know you trust them to do the best job possible and they will rarely disappoint you. Try it.

    3. Set Smaller Weekly Goals

    You want lofty ambitions but set up smaller goals along the way to keep people in it. Rather than make a billion this year, focus on getting 100 new customers this week something that will get you to that billion. Then reward the team for achieving the goal with an afternoon off, a party, etc. They will see that your goals are realistic and everyone benefits from working hard.

    4. Give Your Employees Purpose

    I am able to motivate my employees by giving them a purpose. When you accomplish that, they understand the vision better and are able to execute more strongly. In addition, by understanding their purpose and the purpose of the business, an employee is better able to understand how they fit into the big picture.

    5. Radiate Positivity

    I’m always pumping energy through the office. I’m really enthusiastic and want my staff to feed off that positive energy. Because culture is so important to me, I play music, have fun, joke around, and play games. We work hard, but we play hard too. You have to be in the moment and high-energy all the time!

    6. Be Transparent

    I am very open with employees about what’s happening at the highest level so there are no surprises and everyone has a chance to ask questions and give feedback. I want employees to feel included in big decisions and committed to the direction our company takes. This has helped to sustain motivation and increased company loyalty and pride.

    7. Motivate Individuals Rather Than the Team

    Aligned incentives are the only true way to ensure everyone on a team is working toward a common goal. Framing the strategy in multiple ways ensures each stakeholder has a clear, personal understanding of how working together benefits himself and the team. This technique allows you to motivate the team to accomplish amazing things.

    8. Learn What Makes Each Employee Tick

    Ask what they do and don’t like working on, share the big picture company goals, and respond to their questions. Discern their goals and then invest in their professional growth. During one-on-one check-ins, listen to their ideas, because they’re the best at what they do. Respect their personal schedules and non-work time, and don’t ever pit their goals/timelines against each other.

    9. Reward Based on Feedback

    We developed Value bot-an app for Slack that calculates how many times each employee was praised in order to send daily and monthly summaries. Whoever garners the most kudos wins various awards and recognition. Value bot has helped us to visualize our culture and reiterate how much we support one another. The positive energy we create in the office helps us to attract and retain talent.

    10. Prioritize Work-Life Balance

    We have a few fun incentives, like an in-office “phone booth” style machine that lets you grab dollar bills. It’s a fun little motivator that the sales team uses on a smaller scale. Otherwise, it’s also important to encourage employees to take vacation time. A culture that prioritizes work-life balance, yields increased productivity and overall happiness in the workplace.

    11. Have an Open-Door Policy

    It’s amazing how a simple “please” and “thank you” fares with employees. We simply speak to staff the way we would want to be spoken to. We also have an open-door policy when it comes to suggestions and ideas. When employees feel that their voice matters, they, in turn, feel confident about their positions in the company and that they have more at stake than just a paycheck.

    12. Let Them Lead

    Motivating employees is not just about giving them vacation time it is about showing them they make a difference and are valued. Every time we have a meeting, whether large or small, we let a different team member lead the conversation and the topics discussed. Not only can they share their opinions and be heard this way, but they are motivated to make their words and ideas happen afterward.

    13. Show Them the Bigger Picture

    It’s important that employees understand the bigger picture and can see how what they are doing at the moment will eventually contribute to an end goal. Give them tasks and projects to work on and make sure they understand how this fits into the big picture. Talented employees will go above and beyond what you expect of them.

    14. Create Recognition Rituals

    At Convene, every management and executive meeting starts off with each department lead recognizing someone from their team who has gone above and beyond for the company or a client. This positive feedback loop motivates team members, and it holds management accountable for staff recognition.

    Notes: You will come to know the definitions of all the seven Processes of Scientific Management; Planning, Organizing, Staffing, Directing, Coordinating, Motivating, Controlling.

  • Coordinating Definition Examples Advantages

    Coordinating Definition Examples Advantages

    Coordinating is a horizontal function. It creates linkages between different verticals. Coordination is a choice whereas directing is a compulsion of the job.

    Processes of Scientific Management Coordinating

    All the activities divided group-wise or section-wise under organizing function. Now, such grouped activities coordinated towards the accomplishment of organizational objectives and goals. The difficulty of coordination depends upon the size of the organization. It increases with the increasing size of the organization.

    According to Knootz and O’Donell, “The last coordination occurs when individuals see how their jobs contribute to the dominant goals of the enterprise. This implies knowledge and understanding of enterprise objectives”.

    Coordination is the management of interdependence in work situations. It is the orderly synchronization or fitting together of the interdependent efforts of individuals. For example, in a hospital, the activities of doctors, nurses, ward attendants, and lab technicians must properly synchronized if the patient is to receive good care.

    Similarly, in a modern enterprise, which consists of a number of departments, such as production, purchase, sales, finance, personnel etc., there is a need for all of them to properly time their interdependent activities and to effectively reunite the subdivided work. To coordinate is to keep expenditure proportional to financial resources; equipment and tools to production needs; stocks to the rate of consumption; sales to production. It is to build the house neither too big nor too small; adapt the tool to its use; the road to the vehicle; the safety precaution to the risks.

    In a well-coordinated enterprise, the following facts observed

    • Each department works in harmony with the rest. Stores know what has to supplied and at what time; production knows its target; maintenance keeps equipment and tools in good order.
    • Each department, division, and subdivision is precisely informed about the share it must take in the common task.
    • The working schedule of the various departments is constantly tuned to the circumstances.

    The example of the process: Coordinating is a horizontal function. It creates linkages between different verticals. Coordination is a choice whereas directing is a compulsion of the job. Not many people like to coordinate the activities between various sections. It involves talking to persons across the line to get certain things done. It creates linkages between dissimilar functions, It unifies the work of one section with some other section.

    Meaning and Definition

    Coordination refers to the process of organizing people or groups so that they work together properly and efficiently. It involves aligning and synchronizing the activities of different sections or departments to achieve the overall objectives of the organization.

    Definition: According to Knootz and O’Donnell, “The last coordination occurs when individuals see how their jobs contribute to the dominant goals of the enterprise. This implies knowledge and understanding of enterprise objectives.”

    Examples

    • Healthcare: In a hospital, the coordination between doctors, nurses, ward attendants, and lab technicians ensures that patients receive timely and comprehensive care.
    • Manufacturing: Coordination between the production, purchasing, sales, and maintenance departments ensures smooth operations and timely delivery of products.

    Importance

    1. Efficiency: Proper coordination improves operational efficiency by ensuring that different parts of the organization work together seamlessly.
    2. Resource Utilization: It helps in the optimal utilization of resources by avoiding duplication of work and reducing wastage.
    3. Goal Achievement: Coordination aligns the activities of various departments with the overall goals of the organization, making it easier to achieve these goals.
    4. Conflict Reduction: Provides clarity of roles and responsibilities, thus reducing misunderstandings and conflicts between departments.
    5. Adaptability: Enhances the organization’s ability to adapt to changes and uncertainties in the business environment.

    Advantages

    1. Improved Performance: Coordinated efforts lead to better performance as the collective efforts are aligned with the goals.
    2. Enhanced Communication: Facilitates better communication among different departments, leading to a clearer understanding of tasks and responsibilities.
    3. Synergy: Creates synergy by combining the strengths of different departments and making the whole greater than the sum of its parts.
    4. Flexibility: Increases the organization’s ability to respond to changes quickly and efficiently.
    5. Employee Morale: Boosts employee morale as everyone understands their role and how it contributes to the organization’s success.

    Disadvantages

    1. Complexity: The need for coordination increases with the size and complexity of the organization, making it a challenging task.
    2. Time-Consuming: Effective coordination requires time and effort, which can be resource-intensive.
    3. Resistance to Change: Employees or departments may resist changes that are necessary for better coordination.
    4. Cost: Implementing coordination mechanisms, such as meetings, software tools, and communication systems, can increase operational costs.
    5. Over-Reliance: Too much focus on coordination can lead to over-reliance on structure, potentially stifling creativity and innovation.

    By understanding and implementing effective coordination, organizations can enhance efficiency, achieve their objectives, and foster a harmonious working environment. Nonetheless, it is crucial to acknowledge and address the potential challenges to maintain a balanced approach.

    Notes: You will come to know the definitions of all the seven Processes of Scientific Management; Planning, Organizing, Staffing, Directing, Coordinating, Motivating, Controlling.

  • Staffing Definition Examples Advantages

    Staffing Definition Examples Advantages

    Staffing is the important function of management that involves employing the right number of people at the right place with right skills and abilities.

    Processes of Scientific Management Staffing

    It also involves training and development of the people so that organizational objectives and goals can achieved successfully. It comprises the activities of selection and placement of competent personnel.

    Definition

    “Staffing is the process of hiring, positioning and overseeing employees in an organization”.

    In addition to selection, training, development of personnel, it also comprises of promotion of best persons, a retirement of old persons, performance appraisal of all the personnel, and adequate remuneration of personnel. The success of any enterprise depends upon the successful performance of the staffing function.

    Meaning

    Staffing is the process within an organization that involves the careful selection, training, development, and placement of competent individuals in appropriate roles. This ensures that the organization achieves its objectives efficiently and effectively.

    Examples

    1. Recruitment: Finding suitable candidates and encouraging them to apply for positions within the organization. This can be done through advertisements, referrals, and placement agencies.
    2. Training Programs: Offering training programs to new hires to help them understand their roles and enhance their skills.
    3. Performance Appraisals: Regularly evaluating employees’ performance to ensure they meet the organization’s standards and identifying areas for improvement.
    4. Promotion and Transfers: Moving employees to higher positions or different roles within the organization based on their performance and skills.

    Importance

    • Efficient Operations: By placing the right people in the right roles, organizations can ensure smooth and effective operations.
    • Employee Development: Ongoing training and development help employees stay current with industry standards and improve their performance.
    • Retention: Proper staffing measures can help retain talented employees by providing growth opportunities and fair remuneration.
    • Organizational Success: Successful staffing practices lead to an overall improvement in organizational performance and help achieve business goals.

    Advantages

    • Talent Acquisition: Effective staffing helps in acquiring skilled and competent employees that add value to the organization.
    • Better Productivity: Well-staffed organizations typically experience higher productivity levels as employees are well-trained and motivated.
    • Reduced Turnover: By selecting and nurturing the right candidates, staffing can significantly reduce turnover rates.
    • Enhanced Employee Morale: Adequate staffing and fair promotion practices contribute to high employee morale and job satisfaction.

    Disadvantages

    • High Costs: The staffing process, which includes recruitment, training, and development, can be costly.
    • Time-Consuming: Finding the right candidates and adequately training them is a time-consuming process.
    • Potential for Bias: Improper staffing practices can lead to biases in hiring and promotions, which may affect the organization’s diversity and inclusivity.
    • Mismatch: There is always a risk of hiring individuals who do not fit well with the organizational culture or their roles, which could lead to inefficiencies.

    Understanding the intricacies of staffing can help organizations optimize their human resources for improved performance and longevity.

    The staffing function involves

    • Determining human resource requirements of the organization.
    • Recruiting individuals with required skills and competence.
    • Providing placement and orientation to individuals
    • Providing training and development programs to individuals.
    • Evaluating the performance of individuals.
    • Transferring, promoting, laying off individuals.

    The example of the process: Recruitment is the process of finding proper candidates and inducing them to apply for the jobs in the organization. The recruitment should be sound one. If it is not so, the morale of the staff will be very low and the image of the company will tarnished.

    Recruitment is done through advertisements, word of mouth publicity and with the help of placement agencies.

    The success of any recruitment depends upon policies and procedures followed by the company while recruiting the staff members.

    Jobs with low salary, uninteresting and difficult jobs are challenging to be filled up easily.

    Recruitment means the discovery of the staff members for the present and future jobs.

    Notes: You will come to know the definitions of all the seven Processes of Scientific Management; Planning, Organizing, Staffing, Directing, Coordinating, Motivating, Controlling.

  • Organizing Definition Examples Advantages

    Organizing Definition Examples Advantages

    Organizing defines various relationships in an organization, such as authority-responsibility, and inter-departmental relationships. It is because of those structural arrangements and relationships, the future plans of an organization are developed and carried out.

    Processes of Scientific Management Organizing

    It can be defined as arranging the work, processes, authority, resources and employees in the right order so that all the organizational activities can take place in a defined and orderly manner. The Proper arrangement ensures timely attainment of objectives and minimization of work chaos and miscommunications.

    Similar to planning, organizing is also an on-going activity that changes with any change brought about in any function of an organization. The function of organizing is different for different objectives and goals. For example, organizing the functions and work processes of an accounting department are different from that of a marketing department.

    Organizing is the distribution of work in group-wise or section-wise for effective performance. Organization provides all facilities which are necessary to perform the work. After the business gets developed, the organization takes responsibility to create some more departments under different managers. Hence the organization divides the total work and coordinates all the activities by authority relationship. Besides, organizing defines the position of each person in the organization and determines the paths through which communication should flow. The manager would determine who should report to whom and how.

    Definition

    Organizing is defined as arranging the work, processes, authority, resources, and employees in a structured order so that all organizational activities can take place in a defined and orderly manner.

    According to Henry Fayol, “Organization is of two kinds: Organization of the human factor, and organization of material factor. Organization of human factor covers the distribution of work to those who are best suitable along with authority and responsibility. Organization of material factor covers utilization of raw materials, plant as well as machinery”.

    An organizing function may also be defined as a process of integrating, balancing, unifying, and coordinating the activities of employees and different organizational departments for accomplishing predetermined objectives.

    Meaning

    Organizing in management refers to the systematic arrangement of tasks, resources, and authority in an organization to achieve the intended objectives efficiently and effectively.

    Examples

    • Corporate Example: Organizing the functions and work processes of an accounting department are different from that of a marketing department.
    • Event Management Example: For a wedding ceremony, various activities like booking the hall, sending invitations, receiving guests, and organizing accommodations must be systematically planned and executed to avoid stress and errors.

    Importance

    Organizing is crucial because it:

    Advantages

    1. Systematic Approach: Ensures that all tasks and resources are arranged systematically.
    2. Clarity of Roles: Clearly defines roles and responsibilities, reducing confusion.
    3. Efficient Resource Utilization: Facilitates optimal use of resources such as manpower, materials, and machinery.
    4. Enhanced Coordination: Improves coordination and cooperation among departments.
    5. Timely Achievement of Objectives: Helps in achieving objectives in a timely manner, avoiding work chaos and miscommunications.

    Disadvantages

    1. Rigidity: May lead to rigidity, making it difficult to adapt to sudden changes.
    2. Time Consuming: The process of organizing can be time-consuming, delaying the implementation of actions.
    3. Complexity: In large organizations, organizing can become very complex, leading to bureaucratic inefficiencies.
    4. Costs: Implementing an organizing structure involves costs related to training, restructuring, and administrative overheads.
    5. Over-emphasis on Authority: Can sometimes lead to over-emphasis on authority and control, stifling creativity and innovation.

    Organizing is a fundamental function of management that plays a vital role in ensuring the smooth operation and success of an organization. By meticulously arranging resources and tasks, organizations can achieve their goals effectively while minimizing disruptions and inefficiencies.

    The organizing function involves

    • Determining and explaining the activities required achieving planned objectives.
    • Grouping the activities among different departments.
    • Assigning activities to individuals at specific positions.
    • Delegating the authority to individuals for carrying out activities.
    • Explaining the roles and responsibilities to individuals.
    • Laying down horizontal and vertical authority relationships throughout the organization.

    The example of the process: To elaborate the subject further, after planning is completed, we have to bring all the resources together in a certain format, which makes easy for us to take actions. As detailed earlier, there are four resources viz. men, machines, material, and money which have to be brought together in the proportion as per plan. When we talk about the organization, it is not only the organization of men but also the organization of machines, materials, and money. Remember, after planning, we should not jump to actions. Organizing is the function for preparing for action. Before we start any action, the resources must be properly mapped.

    As stated earlier, if we are managing an event like marriage ceremony, while performing various activities like booking of the hall, sending invitations, receiving guests and putting them into hotels etc., we must ensure that proper time table, schedule, allocation of work to various persons are done systematically and in time. Otherwise, we will be stressed and then will make mistakes because of leakage of energy.

    Note: You will come to know the definitions of all the seven Processes of Scientific Management; Planning, Organizing, Staffing, Directing, Coordinating, Motivating, Controlling.

  • What is The Importance of Management? Explanation

    Every business needs a direction. This direction is given by Management. The resources will be converted into production, which has good quality, quantity, on-time delivery, which will result in customer satisfaction. So, what is the question going to study; What is The Importance of Management? Explanation.

    Here is the Explanation; What is The Importance of Management?

    The following factors for you to study, in order to become good managers.

    • Management meets the challenge of change: Only an efficient management can save the business from the dangers brought in by the challenges of change.
    • The accomplishment of group goals: The proper planning of available resources, adjusting possibility of the business unit with the existing business environment, quality of decision taken and control made by business unit are the factors responsible for achieving the objectives/goals.
    • Effective utilization of resources: As explained above.
    • Effective functioning of business: Ability, experience, mutual understanding, coordination, motivation, and supervision are the factors responsible for the effective functioning of the business.
    • Resource development: The resources viz. men, machines, materials, and money have to be developed by the management.
    • Sound organizational structure: It clearly defines the authority and responsibility relationship of employees. Care must be taken to appoint the right persons to the right job.
    • Management directs the organization: Similar to human mind directing and controlling human body, management directs and controls the organization.
    • It integrates various interests: Management takes steps to integrate various interests of employees working in the organization.
    • It stabilizes the fluctuations: The business always has ups and downs. These fluctuations are stabilized by the management.
    • It innovates: New innovative ideas are implemented in the organization.
    • Coordination and team spirit: Management coordinates the activities of different departments and establishes team spirit.
    • Tackling and solving problems: Good management acts as a friend and guide to the employees to solve the day-to-day problems for effective performance.
    • Management is a tool for personality development: New methods and techniques are taught to workers. Training facilities are arranged by the management. Thus, there is personality development in the employees.

    Note: You will be read Importance of Management, also reading Functions of Management by Henri Fayol, 14 Principles of Management by Henri Fayol. Do you know what is Five M’s in the Business?

  • Why Become an Entrepreneur? Make Own Business

    Why Become an Entrepreneur? The three primary reasons that people become an entrepreneur and start their own firms are to be their own boss, pursue their own ideas, and realize financial rewards. Also, Top best major degree to become an Entrepreneur ideas essay online with no money for inside a company today.

    Here is the article to explain, How to Become an Entrepreneur? Their ideas essay online with no money for inside a company today.

    The first of these reasons being one’s own boss gives most commonly. The following reason below are;

    Be Their Own Boss.

    The best major degree to become an entrepreneur inside a company with no money. This doesn’t mean, however, that entrepreneur is difficult to work with or that they have trouble accepting authority. Instead, many entrepreneurs want to be their own boss because either they have had a longtime ambition to own their own firm or because they have become frustrated working in traditional jobs.

    The type of frustration that some entrepreneurs feel working in conventional jobs is exemplified by Wendy DeFeudis, the founder of VeryWendy, a company that makes customized social invitations. Commenting on how her experiences working for herself have been more satisfying than working for a large firm, DeFeudis remarked:

    I always wanted to be my own boss, I felt confined by the corporate structure.

    I found it frustrating and a complete waste of time—a waste to have to sell my ideas to multiple people and attend all kinds of internal meetings before moving forward with a concept.

    Why you’re to be?

    Sometimes the desire to be their own boss results from a realization that the only way they’ll achieve an important personal or professional goal is to start their own business. Christopher Jones, David Labat, and Mary McGrath started a business for this reason. The three, who are educational psychologists, had secure jobs at a public school in the Santa Clarita Valley, north of Los Angeles.

    Over time, they felt inhibited by the limited range of services they were able to provide students in a school setting; so they left their jobs to start Dynamic Interventions, a more full-service educational psychology, and counseling center. Recalling why he and his colleagues needed to leave their jobs to become their own bosses Jones said:

    The idea came from some general frustrations with not being able to practice the breadth of service that [we wanted to]. And instead of going to work and being angry about it for the next 30 years, we decided to do something about it. With Dynamic Interventions, our service doesn’t stop at the end of the school day. We can go more in-depth and be more beneficial to the whole family.”

    Pursue Their Own Ideas:

    The second reason people start their own firms is to pursue their own ideas (201). Some people are naturally alert, and when they recognize ideas for new products or services; they have a desire to see those ideas realized. Corporate entrepreneurs who innovate within the context of an existing firm typically have a mechanism for their ideas to become known.

    Established firms, however, often resist innovation. When this happens, employees are left with good ideas that go unfulfilled. Because of their passion and commitment; some employees choose to leave the firm employing them to start their own business as the means to develop their own ideas. This chain of events can take place in noncorporate settings, too.

    For example, some people, through a hobby, leisure activity, or just everyday life; recognize the need for a product or service that is not available in the marketplace. If the idea is viable enough to support a business; they commit tremendous time and energy to convert the idea into a part-time or full-time firm.

    Other ideas:

    An example of a person who left a job to pursue an idea is Kevin Mann, the founder of Graphic.ly; a social digital distribution platform for comic book publishers and fans. Mann became discouraged when he couldn’t find a comic book in which he was interested. He even took a 100-mile train ride to search for it in a neighboring city. His frustration boiled over on the train ride home:

    “I kept thinking that there had to be a better way of buying comics, and then it dawned on me. That morning I had purchased a movie from iTunes, which I was watching right there on the train. Why shouldn’t buying comics be just as easy? Why did I have to travel over 100 miles and waste the better part of a day, all for nothing? I realized I had two options. I could quit buying comics or I could quit my job and build the iTunes of comics.”

    This revelation led to the launch of Graphic.ly in the fall of 2009. Today, Graphic.ly is both a robust platform for the sale of digital comics and a social network for people who enjoy discussing the comics they’re reading. Following up on the story about the train ride, Mann went on to say:

    That’s how Graphic.ly started and my enthusiasm for comics has now transferred to a business I love being part of. Every single day I am excited to go to work. I get to create and innovate in a sector I love. Ultimately, I’ll solve a problem that was ruining something very special to me.

    Pursue Financial Rewards:

    Finally, people start their own firms to pursue financial rewards. This motivation, however, is typically secondary to the first two and often fails to live up to its hype. The average entrepreneur does not make more money than someone with a similar amount of responsibility in a traditional job. The financial lure of entrepreneurship is its upside potential. People such as Jeff Bezos of Amazon, Mark Zuckerberg of Facebook, and Larry Page, and Sergey Brin of Google made hundreds of millions of dollars building their firms. Money is also a unifier. Making a profit and increasing the value of a company is a solidifying goal that people can rally around.

    But money is rarely the primary motivation behind the launch of an entrepreneurial firm. Some entrepreneurs even report that the financial rewards associated with entrepreneurship can be bittersweet if they accompany by losing control of their firm. For example, Sir Richard Branson, after selling Virgin Records, wrote, “I remember walking down the street (after the sale was completed). I was crying. Tears . . . [were] streaming down my face. And there I was holding a check for a billion dollars. . . . If you’d have seen me, you would have thought I was loony. A billion dollars.” For Branson, it wasn’t just the money it was the thrill of building the business, and of seeing the success of his initial idea.

    Why Become an Entrepreneur Make Own Business Image
    Why Become an Entrepreneur? Make Own Business; Image from Pixabay.

  • Asian Top Countries Ranked by Military Power (2016)

    Asian Top Countries Ranked by Military Power (2016)

    This is a list of countries by Military Strength Index based on the GFP database Asia Pacific report. The factors under consideration for military strength and their total weights are a number of active personnel in the army, tanks, attack helicopters, aircraft, aircraft carriers, and submarines. The Military Strength Indicator introduced by GFP database includes only the strongest militaries and does not account for the actual training that the militaries may have.

    The Asia Pacific region is embroiled in a full-fledged arms race with new programs being funded and alliances being forged. The GFP ranking makes use of over 40 factors to determine each nation’s Power Index score.

    There are is the total of 33 countries of the Asia Pacific region represented by the GFP database.

    Asia

    1.  0.0964 – Russia
    2.  0.0988 – China
    3.  0.1661 – India
    4.  0.2466 – Japan
    5.  0.2623 – Turkey
    6.  0.2824 – South Korea
    7.  0.3246 – Pakistan
    8.  0.3354 – Indonesia
    9.  0.3684 – Vietnam
    10.  0.3958 – Taiwan

    Military Countries Power (2016) All rating by GFP Power Index rating

    Military Power (2016) By GFP rank other countries list; 11. 0.4068 – Thailand, 12. 0.4209 – Australia, 13. 0.4442 – North Korea, 14. 0.6584 – Myanmar, 15. 0.6679 – Malaysia, 16. 0.8384 – Uzbekistan, 17. 0.8661 – Philippines, 18. 0.8683 – Bangladesh, 19. 0.8722 – Kazakhstan, 20. 0.9349 – Azerbaijan, 21. 1.0241 – Singapore, 22. 1.0611 – Afghanistan, 23. 1.5148 – Georgia, 24. 1.6268 – Sri Lanka, 25. 1.6722 – Turkmenistan, 26. 1.7981 – Mongolia, 27. 1.8224 – Cambodia, 28. 1.9113 – Armenia, 29. 1.9741 – Nepal, 30. 2.0791 – New Zealand, 31. 2.3158 – Kyrgyzstan, 32. 2.4322 – Tajikistan, and 33 2.8947 – Laos.

    Note: Global Firepower (GFP) continues to provide its unique analytical display of data concerning modern military powers. Over 125 powers are considered in the ranking which allows for a broad spectrum of comparisons to be achieved concerning relative military strengths.

     

  • Top Countries for Military Expenditure

    Top Countries for Military Expenditure

    Discover the top countries for military expenditure and their strategic objectives. Explore the defense budgets and military capabilities of nations around the world. Military expenditure is a significant indicator of a country’s military strength and strategic priorities.

    Top Countries for Military Expenditure

    Here are some of the top countries based on their military expenditure, along with insights on their strategic objectives and defense budgets:

    United States

    The United States consistently ranks as the country with the highest military expenditure. With a defense budget that far exceeds that of any other nation, the U.S. allocates a significant portion of its budget to funding its military. This includes maintaining a large and technologically advanced armed forces, ensuring global presence with numerous military bases worldwide, and continuous investments in cutting-edge defense technology. The U.S. also invests heavily in nuclear capabilities, missile defense systems, and cyber defense.

    China

    China’s military spending has seen a rapid increase over the past few decades, reflective of its growing economic power and strategic ambitions. China’s defense expenditure supports its goal of modernizing its military forces, including the development of stealth aircraft, naval expansion featuring aircraft carriers, and advancements in missile technology. The People’s Liberation Army (PLA) is also focusing on cyber warfare and space capabilities as part of its comprehensive strategy to fortify its regional and global military position.

    India

    India’s military expenditure is driven by its strategic challenges, including border tensions with neighboring countries like Pakistan and China. The defense budget aims to modernize its armed forces, procure new weapons systems, and enhance its naval and air capabilities. India also focuses on indigenous defense manufacturing under initiatives like “Make in India,” aimed at reducing dependency on foreign arms imports. Counter-terrorism and internal security measures also consume a significant portion of its defense budget.

    Russia

    Russia maintains a high level of military spending to ensure it remains a global military power. The country’s defense budget supports extensive modernization programs for its military. Including the development of advanced missile systems, nuclear capabilities, and electronic warfare tools. Russia’s military doctrine emphasizes strategic deterrence and maintaining a robust response capability to any external threats. Military engagements in Syria and Ukraine also reflect its strategy of asserting influence and protecting national interests.

    Saudi Arabia

    Saudi Arabia’s military expenditure is among the highest in the world. Primarily influenced by regional security concerns, including the conflict in Yemen and tensions with Iran. The kingdom’s defense budget funds a well-equipped military with advanced weaponry, much of which is imported from the United States and Europe. Additionally, Saudi Arabia is investing in developing its domestic defense industry to enhance its self-reliance in defense production.

    United Kingdom

    The United Kingdom allocates significant resources to defense to ensure it remains a key player in global security. The UK’s defense budget supports its commitments to NATO, including nuclear deterrence through its Trident submarine fleet. It also invests in maintaining a strong conventional military force, with capabilities spanning land, sea, and air. Recent defense strategies also emphasize cyber defense, space capabilities, and addressing emerging threats.

    Germany

    Germany has increased its military spending in recent years to meet NATO’s defense spending targets and address new security challenges in Europe. The German defense budget includes significant investments in modernizing its armed forces, enhancing rapid deployment capabilities, and participating in multinational defense initiatives within the EU and NATO frameworks. Germany is also focusing on improving its cyber defense and intelligence capabilities.

    Japan

    Japan’s military expenditure aligns with its post-World War II pacifist constitution, focusing primarily on self-defense and regional security. However, recent years have seen Japan gradually expanding its defense capabilities in response to regional threats. Including North Korea’s missile programs and China’s growing military presence in the East China Sea. Japan invests heavily in missile defense systems, maritime security, and advanced technology for its Self-Defense Forces.

    South Korea

    South Korea invests heavily in its military due to the ongoing threat from North Korea. The defense budget includes funding for advanced weapon systems, missile defense, and cyber capabilities. South Korea is also increasing its investments in indigenous defense manufacturing to reduce reliance on foreign arms. The country’s military strategy focuses on deterrence, rapid response capabilities, and maintaining a technological edge over potential adversaries.

    France

    France maintains high military spending to support its global military commitments and its role as a key NATO member and EU security actor. The French defense budget funds a range of capabilities, including nuclear deterrence, counter-terrorism operations, and peacekeeping missions. France also invests in modernizing its armed forces, developing cyber defense capabilities, and maintaining a strong presence in international defense collaborations.

    The data on military expenditure can vary based on sources and methods of calculation. But these countries consistently feature among the top spenders in terms of defense budgets. Their substantial investments reflect a combination of strategic priorities, geopolitical challenges, and commitments to maintaining regional and global security.

    Military Expenditure Comparison: Side-By-Side

    Below is a comparison of some of the top countries based on their military expenditure. Highlighting their strategic objectives and defense budgets:

    CountryMilitary ObjectivesDefense Spending
    United StatesGlobal presence, technological advancement, nuclear capabilities, cyber defenseHighest in the world, extensive budget
    ChinaModernization, regional dominance, naval expansion, cyber warfare, space capabilitiesRapid increase, substantial budget
    IndiaBorder security, modernization, indigenous defense manufacturing, counter-terrorismSignificant budget, growing investment
    RussiaStrategic deterrence, modernization, electronic warfare, regional influenceHigh level, extensive modernization
    Saudi ArabiaRegional security, advanced weaponry, domestic defense industryAmong highest, large imports
    United KingdomNATO commitments, nuclear deterrence, conventional and emerging threatsSignificant investment, comprehensive
    GermanyNATO defense targets, rapid deployment, EU initiatives, cyber defenseIncreased spending, modernization focus
    JapanSelf-defense, regional security, missile defense systems, maritime securityGrowing investment, technology-driven
    South KoreaDeterrence, rapid response, advanced weapon systems, indigenous defense manufacturingHigh expenditure, technological edge
    FranceGlobal commitments, NATO member, nuclear deterrence, cyber defense, peacekeepingConsistent investment, modernization

    Their substantial investments reflect a combination of strategic priorities, geopolitical challenges, and commitments to maintaining regional and global security.

  • Five M’s in the Business

    Five M’s in the Business

    Learn how the five M’s – Man, Machines, Materials, Money, and Method – are crucial resources in effective business management.

    Five M’s in the Business

    Efficient management is the lifeboat of any developed business. The five M’s, which can be considered the resources of the business, are Man, Machines, Materials, Money, and Method.

    1. Man

    Management is the art of getting things done by a group of people. Thus, the availability of qualified, trained, skilled, experienced, and competent people is the most crucial factor in any management.

    Advantages:

    • Innovation: Qualified, skilled, and experienced individuals can bring in new ideas and innovations.
    • Productivity: Competent staff enhance productivity and efficiency.

    Disadvantages:

    2. Machines

    Management involves knowing what needs to be done and ensuring it’s done in the best and most cost-effective way. Thus, having capable machines and equipment is essential to achieve this.

    Advantages:

    • Efficiency: Machines can perform tasks faster and more accurately than humans.
    • Consistency: Machines provide consistent output quality.

    Disadvantages:

    • Cost: High initial investment and maintenance costs.
    • Obsolescence: Technological advancements can make existing machinery outdated.

    3. Materials

    Quality, quantity, availability, cost/market price, and the transportation of raw materials, semi-finished goods, and finished products are critical components to the success of management.

    Advantages:

    • Quality Control: High-quality materials lead to high-quality products, increasing customer satisfaction.
    • Availability: Timely availability of materials ensures continuous production.

    Disadvantages:

    • Cost Fluctuation: Material costs can fluctuate due to market conditions.
    • Supply Chain Risks: Disruptions in the supply chain can affect the availability of materials.

    4. Money

    Financial capital is utilized by businesses to acquire what they need to produce their products or provide their services. The availability of funds is extremely important for procuring capital goods, raw materials, tools, consumables, and working capital.

    Advantages:

    • Resource Acquisition: Adequate funds allow businesses to acquire necessary resources and expand operations.
    • Stability: Financial stability ensures smooth operations and the ability to withstand economic downturns.

    Disadvantages:

    • Debt: Excessive borrowing can lead to high-interest obligations and financial distress.
    • Mismanagement: Poor financial management can lead to inefficient use of funds.

    5. Method

    The process or method by which work is accomplished is crucial. The proper method ensures the required quality, quantity, and timely delivery, achieving the management objectives.

    Advantages:

    • Standardization: Proper methods ensure consistent quality and efficient production.
    • Competitive Edge: Innovative methods can differentiate a company from its competitors.

    Disadvantages:

    • Inflexibility: Overly rigid methods can stifle creativity and adaptability.
    • Implementation Cost: Developing and implementing new methods can be costly and time-consuming.

    Methods can create a competitive edge. For example, consider two girls preparing a cup of tea each with the same raw materials: milk, sugar, tea powder, etc.

    • Girl A: Puts milk in the utensil and boils it, then adds water, sugar, and tea powder, and boils it again.
    • Girl B: Boils water and sugar, then adds tea powder, and lastly adds milk.

    The two cups of tea taste different despite having the same ingredients because the method used makes the difference. Standardized methods ensure consistent results. That’s why the quality of idli sambar in an Udipi restaurant is always the same and why McDonald’s offers the same taste of French Fries worldwide. Standardized methods address these needs.

    Companies can also differentiate through methods. For example, Shampoo produced by Company A is in high demand. Company B, seeing this, researches Company A’s methods, improves upon them, and adds extra benefits to capture more market share.

    Similarly, among four bhelwalas, the one in demand might be successful due to a better preparation method and additional customer advantages like cleanliness, better presentation, extra quantity, etc., offering better value for money to the customers.

    By understanding and effectively managing these five M’s, businesses can optimize their operations and achieve their objectives. However, it is equally important to be aware of the potential drawbacks and address them proactively.

  • Leadership Explained by the Internet

    Leadership Explained by the Internet

    If management is defined as getting things done through others, then leadership should be defined as the social and informal sources of influence that you use to inspire action taken by others. It means mobilizing others to want to struggle toward a common goal. Great leaders help build an organization’s human capital, then motivate individuals to take concerted action. Leadership also includes an understanding of when, where, and how to use more formal sources of authority and power, such as position or ownership. Increasingly, we live in a world where good management requires good leaders and leadership. While these views about the importance of leadership are not new (see “Views on Managers Versus Leaders”), competition among employers and countries for the best and brightest, increased labor mobility (think “war for talent” here), and hyper competition puts pressure on firms to invest in present and future leadership capabilities.

    P&G provides a very current example of this shift in emphasis to leadership as a key principle of management. For example, P&G recruits and promotes those individuals who demonstrate success through influence rather than direct or coercive authority. Internally, there has been a change from managers being outspoken and needing to direct their staff, to being individuals who electrify and inspire those around them. Good leaders and leadership at P&G used to simply having followers, whereas, in today’s society, good leadership means followership and bringing out the best in your peers. This is one of the key reasons that P&G has been consistently ranked among the top ten most admired companies in the United States for the last three years, according to Fortune magazine. Ranking of Most Admired Firms for 2006, 2007, 2008. http://www.fortune.com (accessed October 15, (2008).

    Whereas P&G has been around for some 170 years, another winning firm in terms of leadership is Google, which has only been around for little more than a decade. Both firms emphasize leadership in terms of being exceptional at developing people. Google has topped Fortune’s 100 Best Companies to Work for the past two years. Google’s founders, Sergey Brin and Larry Page, built a company around the idea that work should be challenging and the challenge should be fun. http://www.google.com/intl/en/corporate/tenthings.html (accessed October 15, 2008). Google’s culture is probably unlike any in corporate America, and it’s not because of the ubiquitous lava lamps throughout the company’s headquarters or that the company’s chef used to cook for the Grateful Dead. In the same way, Google puts users first when it comes to online service, Google espouses that it puts employees first when it comes to daily life in all of its offices. There is an emphasis on team achievements and pride in individual accomplishments that contribute to the company’s overall success. Ideas are traded, tested, and put into practice with a swiftness that can be dizzying. Observers and employees note that meetings that would take hours elsewhere are frequently little more than a conversation in line for lunch and few walls separate those who write the code from those who write the checks. This highly communicative environment fosters a productivity and camaraderie fueled by the realization that millions of people rely on Google results. Leadership at Google amounts to a deep belief that if you give the proper tools to a group of people who like to make a difference, they will; What is a Leadership?.

    Successful Leaders around the World

    • My definition of a leader…is a man who can persuade people to do what they don’t want to do, or do what they’re too lazy to do, and like it.
      – Harry S. Truman (1884–1972), 33rd president of the United States.
    • You cannot manage men into battle. You manage things; you lead people.
      – Grace Hopper (1906–1992), Admiral, U.S. Navy.
    • Managers have subordinates—leaders have followers.
      – Chester Bernard (1886–1961), former executive and author of Functions of the Executive.
    • The first job of a leader is to define a vision for the organization…Leadership is the capacity to translate vision into reality.
      – Warren Bennis (1925–), author and leadership scholar.
    • A manager takes people where they want to go. A great leader takes people where they don’t necessarily want to go but ought to.
      – Rosalynn Carter (1927–), First Lady of the United States, 1977–1981. 

    Leadership Explained by the Internet? Leadership is both a research area and a practical skill encompassing the ability of an individual or organization to “lead” or guide other individuals, teams, or entire organizations. The literature debates various viewpoints: contrasting Eastern and Western approaches to leadership, and also (within the West) US vs. European approaches. US academic environments define leadership as “a process of social influence in which a person can enlist the aid and support of others in the accomplishment of a common task”. Leadership seen from a European and non-academic perspective encompasses a view of a leader who can be moved not only by communitarian goals but also by the search for personal power. In a holistic perspective, as the European researcher Daniele Trevisani highlights: “Leadership is a holistic spectrum that can arise from; (1) higher levels of physical power, need to display power and control others, force superiority, ability to generate fear, or group member’s need for a powerful group protector (Primal Leadership), (2) superior mental energies, superior motivational forces, perceivable in communication and behaviors, lack of fear, courage, determination (Psychoenergetic Leadership), (3) higher abilities in managing the overall picture (Macro-Leadership), (4) higher abilities in specialized tasks (Micro-Leadership), (5) higher ability in managing the execution of a task (Project Leadership), and (6) higher level of values, wisdom, and spirituality (Spiritual Leadership), where any Leader derives its Leadership from a unique mix of one or more of the former factors”.