How to understand the System Thinking:

How to understand the System Thinking:
The system is consist of the
1. Individual
2. Team
3. Organization
What is system?
A network of intracting elements that work together to carryout an objective, purpose and intentions. The above individual, team and organization is play the role in diffrent way to achieve the above.
What is input?
The people with their ideas, reasoning skills and talent+ money, material and equipment.
What is processing capacity?
The way to use the input to find the objective by the given operation. The system ability to transform inputs to desired products, services and knowledge.
this is called the processing capacity.
What is the output?
The achievement of the objective is called the output.or what the system delivers that becomes the input to other systems or that is recycled to to the environment.
What is feedback?
Feedback is the backbone of the process improvement and quality. The camparison between the deisred output and result. The diffrence which comes out in the output is called the feedback.
What is control?
The system ability to sence deviations from the desired output and to act on this feedback to minimise the suggetion.

India's inflation

As we all are aware that the infletion rates are changing rapidly. this is affecting all over the world. In this case how the India's inflation accelerated to a 13-year high after record crude oil costs forced the government to raise retail fuel prices for the second time in four months.

* Wholesale prices jumped 11.05% in the week to June 7, after gaining 8.75 percent in the previous week.

> Economists surveyed & analyzed and predicted a 9.79% increase.

Last 8.75%.Prime Minister Manmohan Singh increased retail prices of gasoline and diesel this month, joining China , Indonesia , Malaysia and Sri Lanka , as a near doubling of crude oil prices pushed up costs and threatened to erode profits of companies such as Indian Oil Corp. That may make the government less popular before elections due by May 2009 and force the central bank to further raise interest rates.
All Commodities 11.05%
Primary Articles 10.78%
Fuel, Power, Light 16.25%
Manufactured Products 9.09%

This is unexpected problem for the India where the Finance department and Top body is run by the expert of the Economist.

lets share your view may it click and change the scene of the world.

Global Business Goal

Goal for the Global Business is
*Survival,
* Success
*and Vertical and horizontal Gowth.
To achieve the above points honesty, no over committment, maintain the value and brand name, no cheating.
Do the business by the proper planning. in addition to we have to eradicate the weaknesses problems on the spot if possible difficulties errors and mistakes. if we are able to solve the problem then no one can stop us to growth.

Objective and Goal

Goal for the Global Business is
Survival,
Success
and Vertical and horizontal Gowth.
To achieve the above points honesty, no over committment, maintain the value and brand name, no cheating. Do the business by the proper planning.
in addition to we have to eradicate the
weaknesses
problems on the spot if possible
difficulties
errors
and mistakes.
if we are able to solve the problem then no one can stop us to growth.

Global Business Management

Tha basic conccept behind the Global Business is its open for all.

It is not based on relegion, community, demography etc.
For global business we need the following information based on the analysis on STEEPS
1. Social
2. Technology
3. Environmental
4. Economic Growth
5. Political
6. ....

these above points are required to understand the business conccept

Market Research or Market Survey Report

Market Survey (important points which required for Report)

Introduction: In which the end products, end users and its suitability and strength of selecting particular product should be mentioned.

Product: In this section the product specifications, sizes, brands, packaging and selling price etc.

Assessment of Demand: Demand and supply is the key of the market strategies this section will broadly cover the following points.

• About the consumer and clients Class and Type.
• Pattern of Consumption and Frequency of purchases.
• Product life cycle and present status
• Past Demand Pattern
• Future anticipated demand projection
• Buying criteria and influencing factors

Supply position: Current availability of and production capacities vs. utilization and

Present indigenous and imported supply sources, their price comparisons, services etc.

Market Practices: Present prevailing marketing practices

- Distribution, Packaging and forwarding, Credit policy, Delivery, after sales service

- Selling price, taxation structure and commission patterns

- Purchasing procedures, time and practices prevailing

Own Market Plans and Strategies

- Own market share of supply- demand gap

- Strength and special services to be offered if any

- Possible clientage and their likelihood of buying from you

The above points are required to cover the market survey.

How to Build the relationship (Marketing management Part4 )

As we have already discuss the three parts of the Marketing Management in which we discuss about the
1. need of the Marketing Management
2. Marketing Strategies.
3. Design the Marketing Program

In 4th part we will discuss about the how to retain the Customer for long time.

The big question for this will be:

How do you build long term, mutually beneficial relationships with key customer, channel members and suppliers?

This question will give the answer how to retain the customer.
To support the answer following points will be include.

* share of wallet
* Credible commitments
* Customer Relationship management
* Data ware house and Mining
* Market Basket Analysis
* Customer Pyramid
* Lifetime Customer value
* Cross selling
* Add- on Selling

As we know that this is era of the Information Technology. So with use of the CRM we can maintain the big data to continue follow up and feed back of the customer.

This article is useful for the students and Professional who is involve in the Marketing Management.

Interview Tips

Interview Tips

If you have a job interview coming up, then here are some winning tips:

Be prepared
Arrive early
Dress smart
Breath deeply to relax
Give a strong hand shake
Ensure eye contact
Listen carefully
Think before speaking
Accentuate your voice
Laugh at the right times
If you’re feeling confident, ask if you’ve got the job!

Design The Marketing Plan: Part 3:

Design The Marketing Plan: Part 3:

When we ask the question; How do you determine the 4P’s of the “Marketing Mix”-Product, promotion, place and price?

The answers which arise from the above equation cover the following headlines.

• Conjoint analysis.
• Product Life cycle Analysis
• Brand Equity
• Promotional Mix
• Distribution Channels
• Time, pace and form value
• Atmospherics
• Pricing strategies

Talent Management: Roles of the Human Resource Development in challenging scenario.

Talent Management: Roles of the Human Resource Development in challenging scenario.

Now days the recruitment is the toughest job of the company and to retain this is the biggest challenge:

Basically the HR is dividing in mainly in three parts:
i. Recruitment and Staffing
ii. Training and Development
iii. And most important Retention Management

i. Recruitment & Staffing:

Talent pool strategy rather than higher for specific positions.
Highly selective hiring process.
Develop the close relation with professional institutes to develop the time to time inputs to the students.
Develop the global branding among the employee to provide them exposure and training.
Focus on values and culture rather than to stick with routine job related skills.
Continuous monitoring and feedback for performance and potential of individual.
Grading against competency profile of successful leaders.
Use of talent inventories for selection/succession.
Different talent pools (Executive/specialist).

ii. Training & Development:

To develop the culture and give the top priority and deeply ingrained to leadership development.
Promotion policy should be within policy.
Continuous assessment of training needs and feedback.
Individual development plans should be live to succession planning process.
Sr. Manager should be the mentor and trainer for the new comer.
Job rotation and international exposure should be career development tools.

iii. Retention Management:

Personalized career plans.
Flexible working arrangement.
Priority to senior management.
Highly competitive compensation.
Continuous monitoring of attrition.
Diversity programme designed to develop, retain and promote diverse talent.

The above process should be only for the company which involved in brand building and entering in the global market.