In our last lecture, we watched a video. The video was based on chinese proverb : "One monk will shoulder two buckets of water, two monks will share the load, but add a third and no one will want to fetch water."
The video...
A young monk lives a simple life in a temple on top of a hill. His daily task was to haul 2 buckets of water up the hill. One day another monk joins him. He tries to share the job with another monk, but the carry pole is only long enough for one bucket. So they both share the load. Then comes the third monk. It prompts everyone to expect that someone else will take on the chore. Third monk drinks all the water. Consequently, no one fetches water though everybody is thirsty. At night, a rat comes to scrounge. The rat then knocks the candleholder. It leads to a devastating fire in the temple. The three monks finally unite together and make a concerted effort to put out the fire. Since then they understand the old saying "unity is strength" and device a method which leads to equal load sharing between the three of them and they begin to live a harmonious life. The temple never lacks water again.
Important learning from the video :
1. Productivity :
We can see that at start, the first monk was carrying 2 buckets of water. When second monk joins him, we are expecting that the productivity will increase because there are 4 working hands. But, in contrast, it does not happen. They both carry 2 buckets of water. This is because of the no of sticks available i.e. 1. And finally when 3rd monk joins the team, they share the work of carrying buckets. But is the productivity really increasing?? No. They are still carrying 2 buckets of water only. Each monk is not getting utilized 100%.
It teaches us that productivity on the part of employees is important because getting your job done will help the company's growth. If the company grows and progresses, profits will increase. If profits in the company increase, not only will the bosses be happier but they will hire more people and give raises to those doing a good job and increase benefits for them. If employees are share holders in the company they will win even more benefits since their shares will be worth more and they will have a nice nest egg when they retire.
Productivity is good for everyone and important for a company's survival.
2. Innovation :
3. Co operation :
we need to cooperate so that we achieve what we are trying to do. If we don't talk to each other (one message doesn't go where it's intended, for example), and you want to tell someone something, it doesn,'t get done, does it? If people do do what they say they will do then it gets done. If someone expects you to do something and you don't, it could result in confusions in other people's minds, possibly, I don't know if you have observed this or not of course, but have a look and see if it makes sense to you.
Productivity and Innovation you mentioned in the blog are not explained.
ReplyDeleteMBA students need to prove the thing what they say with figures and numbers. MBAs are not loose talkers.
Expect you to revise accordingly.. dr mandi