Burn to Earn (Kaizen Club Activity) on Thursday, Sept 20 ,2018
Department – MBA (AFMR)
Name of Event – Burn to Earn (Kaizen Club Activity)
Date of Event – Thursday, Sept 20 ,2018
Objective of Event – Make students apply the basics of management to
achieve work targets. Also to give them idea of how earnings / bonus are related to work targets
Details of Guests with Designation –
Dignitaries Present –
Coordinator (s)/Convener – Prof Juhi Kamakoty (Coordinator Kaizen Club)
Details of Participants – MBA Students (Sem 2 & Sem 4)
Achievements (if any) –
Write up giving highlights
Productivity of process and Earnings of workers have always been an area of concern in business. Though the law is simple “ Produce more to Earn more” the implementation of this varies with the type of business. In a factory set up productivity is the number of units produced in a given time and wages are the earning of the worker. A worker / group of workers, who produces more gets more wage. In management parlance it is called as ‘Wage plans’ This exercise was meant to give students an idea of how production and earnings are related in business, how the slow workers/groups get penalized and how the fast workers/groups get rewarded. Incase of team – planning, coordination, division of work, time management and monitoring etc are important to keep the team focused to maximize earnings.
The students were divided into 24 teams comprising of 10 members per team. Each team had to maximize its earning by selectively choosing their work targets. Each team were given an envelope containing different job/works for them with different payoff rates. They had to complete as many task as they could in 60 minutes. If the team attempted atleast one task from all three variety of tasks they were given a variety bonus of 10 percent on the total earnings. The team that submits the work first, qualified to get time bonus of 10 % of total earnings In the limited time teams had to selectively attempt tasks that would maximize their earnings.
The winner team was the team that earned the highest score. Certificates were given to the winner team. The students enjoyed the activity and burned their brawns to earn pounds. The activity was conceptualized,designed by Prof Juhi Kamakoty . It was conducted by the Kaizen team – Prof Vikas Jain and Prof Naman Shrivastav and undersigned. Apart from faculty team, efforts of three students- Ritesh Sharma, Karan Hammad and Shubhangi Upadhyay deserve a special mention in seamless execution of the event.
.Prepared by : Prof. Juhi Kamakoty (Coordinator Kaizen Club)