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)