LE 02

Introduction

Pre-lecture we were shown some small games pieces and models from a freelancer scientist (Not sure; Apologies). The lecture dealt with Excellence which is composed of Efficiency and Effectiveness. Most of the lecture was based on this discussion. The discussion went on quoting exmples of excellence in our lives. Also a valley crossing problem and what learning can we, management students get from it was discussed.

My learnings

Games and models

Dr. Mandi began the lecture, or pre-lecture, showed us some games and models which were made and in a way these models appealed to me. I was amazed to see that in spite of being simple products, these can be a great b-plan idea and i began looking for oppurtunities that how with such a product can i start and sustain a big entreprise. How can children benefit from such products and how can i create value out of these products so that people will come to me and spend some money for buying them. I thought of how schools would be targeted and become a major market for this 'dhandha'.  I then began to think of the gap these simple and products identified and began looking for gaps which can be identified and filled. Then, i brought back my mental presence in the class and put this gap identification on hold to concentrate what was going on in the class. 

Excellence=Efficiency*Effectiveness

This was discussed for most of the lecture where Dr. Mandi enlightened us of the theory of excellence which comprises efficiency and effectiveness. Based on what i learnt, Efficiency describes the capability to produce maximum output with a minimum amount of input. Being efficient means producing results with little wasted effort. It is the ability to carry out actions quickly.

On the other hand, Effectiveness is the capability to produce a desired result. When something is considered effective, it is meant to produce a deep vivid impression. Effectiveness involves achieving your goals that support your vision and mission. Therefore this brings us to the Excellence, which is a talent or quality which is unusually good and so, surpasses ordinary standards. Several examples from daily life like apple products etc were also brought to light which made me think and curious about the methodlogy adopted by these excellent product making entreprises.

Valley crossing problem

 The sheet which was floated in class taught me the importance of teamwork. It taught me that everyone has got his own strengths and we can take the benefit of other people strengths and collectively work so that effectively and efficiently problems can be solved. It also taught me that even if i can do the work on my own, i must still use the help of others in doing the task as it would provide me strengths which i do not possess and collectively help me in achieving the goal. The importance of feedback also came to light that we must take into consideration other people opinions also and not stick on our own opinion as it can bring out many points which workng alone would not come out.

Conclusion

Alll this added many new ideas and taught me how to be effective and efficient. It, in a way taught me about the path which needs to be taken to follow and fulfil my dream. Also it changed my belief that working together as a group is better than working alone.