All about GOALS!!!

In the last blog i talked about the tower building exercise and lessons learnt from the same.....In this blog i will give more detailing of the same.....
Setting goals affects outcomes in following ways:

• Choice: goals narrow attention and direct efforts to goal-relevant activities, and away from perceived undesirable and goal-irrelevant actions.
• Effort: goals can lead to more effort; for example, if one typically produces 4 widgets an hour, and has the goal of producing 6, one may work more intensely towards the goal than one would otherwise.
• Cognition: Goals can lead individuals to develop and change their behaviour.

Hence goal setting should be carefully done.We all know that goal setting should be S.M.A.R.T. about which i had talked in the previous blog also .But Dr. Mandi again gave a new perspective to SMART goal setting.He explained that our thoughts should not be restricted to these five keywords only. The interpretation and relevance should  vary from situation to situation and person to person.....

He explained the concept of potential, goal setting and goal achieving through graphs and Fibonacci series.

Goal Set X Goal Achieved = True Potential

Once we achieve our goals, the expectations for the next time increases. We automatically tend to set a higher goal for ourselves. Hence we can say goals set are greater than our past records.Also our set goals should  be greater than our potential as it will motivate us to out perform.
As can be seen the potential,goal set and goal achieved form a vicious circle which can be well explained through FIBONACCI SERIES.

The same can be well understood by The Pygmalion effect.Pygmalion was a sculptor who fell in love with a statue he had carved and then prayed and put life to it. The story teaches us that what we desire can be achieved
The Pygmalion effect, or Rosenthal effect, is the phenomenon in which the greater the expectation placed upon people, the better they perform.The effect is named after Pygmalion, a play by George Bernard Shaw. The effect tells that reality can be influenced by the expectations of others. This influence can be beneficial as well as detrimental depending on the individuals way of taking it.

Hence if we set  a SMART goal for ourselves and believe in ourselves,we can achieve our goals.
So ending on this positive nod!!!
Keep reading :)

Tower building exercise!!!!

LEC 2

There are two methods of understanding things:
1) learning and then doing
2) doing and then learning

Till now i have always followed the first method. But Dr. Mandi is teaching  Principles of Management through second method. The tower building exercise was an example of the same.

The activity: We were asked to build a single block tower using wooden blocks!

It was done in two parts:

First: Students were made to bid.The highest bidder was given a chance to build the tower.
Result: The tower was built with 22 blocks.

Second: Again the students were asked to bid. The highest bidder was given the chance to build the tower. The only difference was the tower had to be built by a blind folded person so the task was done in a group by 3 people who played role of CEO(top),manager(middle) and worker(low) respectively.
Result: The tower was built with 25 blocks.

The result  seemed bit surprising at first but when Dr. Mandi connected it to OLD (Craftsmanship) and NEW (Modern) style of management i got all my answers.

Key Learning :
1) Goal setting:
A goal is a desired result a person or a system envisions, plans and commits to achieve. Goal setting is very important esp. for an organisation because the efforts of all the employees can only then be directed. Goals should not be too high or too low,they should be S.M.A.R.T

2)Importance of management: 
When the task was done by the group, the performance was enhanced because every individual's work is well defined . This is new style of management.

3)Worker's viewpoint:
Every individual feels good when they are appreciated. If an employee is encouraged and appreciated in any form for his work his level of performance increases.

4)Approach:
There can be different methods for solving a problem, a person just needs to think for them!!!

Well the lecture was so interactive and informative that i am eagerly waiting for the next lecture!!!
Till then keep reading :)

The New Beginning...........

18^th June 2013

LEC 01

Before joining  NITIE I always wondered  how this b-school would  be different from my engineering college. I got my answer on the second day itself!!!

It was communication and negotiation skills lecture when I saw Prof. T Prasad entering the class. I had heard a lot about Prof. T Prasad and his innovative ideas of MANDI and HAMARA DHANDA so I had a lot of expectations from his class.

But his lecture was beyond my expectations. We sat on the floor around him and studied in DESI style as he called it. It was one of the most intellectual and thought provoking classes i have attended so far. He gave a new direction to my style of thinking and gave me a new outlook towards things.

In the class it was a two way communication where we were free to ask and speak. I feel this kind of pedagogy is very effective as it triggers the thought process of the students and makes the class more interesting and fun.

I found the concept of MANDI very interesting. The event would be a platform to experience the market, learn and understand management at its core. The thought of marketing and selling various educational products on the streets of Mumbai is fascinating and challenging in itself.

My key learnings from the lecture were:

Ø  Applying the knowledge  gained to innovate and create new products and technology.

·         Newton’s cradle shown in the class was a classic example of the same

Ø  Giving heart and soul to things we do in life because when career is made passion , success is bound to follow.

Ø  Earning while learning was an idea which instigated the entrepreneur within me.

Well I feel this is just a beginning and I have a lot more to learn from him and his lectures. I am looking forward for the same.

Till then keep reading!!!!!!