Summary of Class Activity 1 conducted on June 11, 2013

The Smart Se7en and 1/2Team Type of

EntityManager Target

AchievedApproach

KaelynAayushAbhishekAnanyaYashwardhanRahul

Private Kaelyn was was instructed to meddle in team’s effort by the teacher

496/500 • Identified a strategic method• Designated a target of 10 numbers to each

participant• 2/6 delegated additional numbers

following completion of the 1st one• Supervisor turned out to be the nice guy

instead of a micro-managerTE: Assumed no hierarchy but it existed that may have led them to not achieve target

NaomiLisa MarieCandiceKarinaHazelAradhya

Public Sector

None selected

431/500 • Team focused on performing tasks• Team realised target won’t be achieved• 3/6 were assigned with quality checks and

auditing• Adopted time consuming approaches to

present outputTE: While quality is key, audits by so many resources was unnecessary

Team Type of Entity

Manager Target Achieved

Approach

JasonRandallAkashDavidJoel

Cooperative None 451/500 • Identified a strategic method and adopted both• Designated a target of 10 numbers to each

participant• Initially, adopted time consuming approaches to

present output and later on corrected the error• Participants were asked to do their own quality

checks• One person was assigned to collate and recheckTE: May have lost on time due to focus on presentation

SparshDhruvAditiShaadmanSarona

Sparsh: selected by Teacher

461/500 • Supervisor initially sought out information from secondary sources• Team identified the strategic approach• Designated a target of 10 numbers to each

participant• One of them turned out extremely efficient and was

boosted to do more• Quality checks within the teamTE: May have spent too much time planning and understanding possible approaches

The Smart Se7en and ½ (Contd…)

Team Type of Entity

Manager Target Achieved

Approach

VishishtKrishenFaisalRahulShivam

Household A team of freelancers

Krishen: selected by Teacher

458/500 • Began with standard approaches and adopted the strategic one later on

TE: May have lost on time due to mixing of two approaches.

DipikaNamrataCarolDeniseMonicaDeepali

NGO Dipika: Instructed by teacher to not get directly involved in the task

470/500 *minus 450-460

• Did not adopt the strategic method even after discovering it at a later stage• Team was unaffected by manager defecting and

continued with their respective tasks• Didn’t bother to confront the manager because of

complete focus on the taskTE: May have completed the task if the manager had also contributed

DhanashreeAnkitaAllanShubhamHanaSeret

Govt Dhanashree: selected by Teacher

Unknown • Adopted standard and strategic approach• Task was over targeted for team • There were disagreements with approaches and

targets• Lack of coordination among team members

The Smart Se7en and ½ (Contd…)

Introduction to Production

Prepared by Bhakti JoshiJune 13, 2013

Did Paper Just Happen?

Paper does not happen easily…

CELLULOSE MANUFACTURING PROCESS

TransformationFruits, Vegetables and

Meat

Minerals like Copper, Iron ore

Chemicals

Cable wires, towers, etc

Burgers, Pizzas, Home-made food, etc

Utensils, Wires, Construction

Medicines, Pesticides, Cosmetics, Fertilizers, Defense, Dyes,

Surgeries, Bridges, Network

Transformation (Contd…)

RADICAL CHANGE

NO RESEMBLANCE

Product AND/ORService

Elements of Transformation

Fruits, Vegetables and Meat

Minerals like Copper, Iron ore

Chemicals

Cable wires, towers, etc.

Burgers, Pizzas, Home-made food, etc

INPUTS OUTPUT

Utensils, Wires, Construction

Medicines, Pesticides, Cosmetics, Fertilizers, Defense, Dyes,

Surgeries, Bridges, Network

Input & Output

Input

• An amount put in• A component• An act or process of

putting in• A stimulus that acts

on and is integrated into a bodily system

Output

• A result of a process• Material produced,

manufactured or yielded

• Something produced by a machine, factory, company or an individual in a period of time

Contextually Input & Output means…

Wood pulp, solvents and chemicals Paper

Meat, Vegetables, breads, etc Burgers

Copper, alloys like tin, zinc (Bronze)

Pipe fittings, pumps, Statues

Softeners, Bleach, Enzymes, CMC, etc.

Laundry Detergent

Input Output

•Land•Water•Electricity• Intermediate

goods•Labour•Capital goods•Entrepreneur

Basic Raw Materials

Production Function

Simplified definition in economics:q = f (K,L)*

where,q = outputK = capitalL = labour

*The production function also includes other aspects discussed in class but are subjective across industries

Production Function

Simplified definition in economics:q = f (K,L)*

where,q = outputK = capitalL = labour

*The production function also includes other aspects discussed in class but are subjective across industries

DefinitionProductivity is commonly defined as a ratio of a volume measure of output to a volume measure of input use OR

Productivity = Output Input

Generated from

production or service

Provided to create this

output

The concept of productivity can be applicable to any economy, business (small, medium and large), government and individuals

Numerical Example 1

Britannia Industries produces 30000 units of biscuits in October and the number of workers employed during this months was 30. These workers normally work 8 hours a day. Calculate the productivity for the month of October.

30000/30 = 1000 units per

labour

OUTPUT

INPUT• Total Hours worked by

workers = 30 workers * 8 hours = 240

• Total working days = 20 days. 4 weeks in a month * 5 working days.

• 240*20 = 4800

30000/4800 = 6.25 units per

hour

Criticism of Productivity Measurement

• Assumes use of skilled workers• Assumes productivity and profitability to be

synonymous• Confusion with efficiency (how well are the

resources utilized) and effectiveness (how well the targets are set or the results are accomplished)

• Aimless goals setting

Productivity Measurement - TypesPartial Factor Productivity

Total Factor Productivity

Multi-Factor Productivity

Labour

Capital

Labour Capital

Capital Labour Energy Materials

Email: bhaktij@gmail.comWebsite: www.headscratchingnotes.net