fom1 current trends

8/6/2019 FOM1 Current Trends

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MANAGEMENT

TRENDS IN

CURRENT

SCENARIO


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INTRODUCTIONy Management trends in current scenario covers the

following:

y 6-sigmay Retail Management

y Knowledge Process Outsourcing

yWord class manufacturing

y Knowledge management

y Mergers and Acquisitions


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y To adapt, learn and utilize them as path towards

corporate and personal excellence, current management

is focusing on a busy, efficient and reliable serviceproviders

E.g. THE MUMBAI DABBAWALA

The quality of delivery is exceptional and accuracy rate is

99.97 %


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SIX SIGMA

y Developed by Motorola, USA in 1981

y Seeks to improve the quality of process outputs

y Minimizing variability in manufacturing

y A six-sigma process is one in which 99.99966% of

the products manufactured are statistically

expected to be free of defects (3.4 defects per

million)


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KNOWLEDGEMANAGEMENT

y Application of highly specialized knowledge and

expertise.

y knowledge workers solve challenging problems,

develop new products and take the business in

novel directions.

y Quantum leaps in knowledge can be generated

when experts collaborate.


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Knowledge ProcessOutsourcing

y KPO is usually focused on knowledge-intensive business

processes that require significant domain expertise

y create value for the client by providing business

expertise rather than process expertisey KPO is claimed to efficiently increase productivity and

increase cost savings


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World ClassManufacturingy manufacturing is gained by marshalling

the resources for continual rapid

improvement

y Matching or exceeding any competitoron quality, lead time, flexibility,

cost/price, customer service and

innovation.

y To achieve world class level, proceduresand concepts should lead to transforming

relations among suppliers, purchasers,

producers and customers


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RetailManagement

y Retail Management provides an enterprise

solution that helps retail operators to track

and accelerate retail business process and

point-of-sale

y Retail Management offers end-to-end control

and management of entire retail-chain for

super markets, convenience stores, pharmacy,

hypermarkets and other retailers.


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Mergersandacquisitions:Anewwave for anewcentury

y To limit the competition

y To utilize under utilized market power and resources

y To achieve diversification

y Gain economies of scale


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Business Ecosystems

y The network of organizations

including suppliers, distributors, customers,

competitors, government agencies.

y It also involves in the delivery of a specific

product or service through both competition

and cooperation.


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Trends:Disciplines TodaysConcept Future Concepts

Product Management 4Ps Cocr eation

CustomerManagement STP Communitization

Brand Management Brand Building Characterbuilding


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Value Based Matrix:

Mind Heart Spirit

Mission(Why?)

DeliverSatisfaction

Realizeaspiration

PracticeCompassion

Vision (What?) Profitability Returnability Sustainability

Values (How?) Be Better Differentiate Make A Difference

Individual

Company


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Thank You

fom1 current trends

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